Duke Energy Heads to Texas, Florida for Renewable Buildouts

April 27, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina) is chalking up progress on its goal to own, operate or contract 16,000 megawatts (MW) of renewable energy by 2025. In its recent annual disclosure on environment, social and governance (ESG) topics, the company said its capacity for wind and solar generation soared 20% within 2021 to more than 10,500 MW.

Duke says it already has reduced carbon emissions from its portfolio 44% since 2005. Texas has surpassed North Carolina to emerge as the dominant solar market for Duke, while the Carolinas remain one of Duke's top destinations for its hydropower developments.

Industrial Info is tracking more than $12.7 billion worth of active projects from Duke, including more than $4.5 billion in renewable-energy projects made with companies such as First Solar Incorporated (NASDAQ:FSLR) and Vestas Wind Systems A/S.