House Bill (HB) 951, signed into law by North Carolina Gov. Roy Cooper in October 2021, will allow for 55 percent of all new solar generation to be supplied by company-built solar energy facilities, with 45 percent supplied through power purchase agreements from other companies.
Duke Energy currently has 4,200 MW of solar on the grid in North Carolina, produced by more than 40 solar plants in the state. North Carolina is fourth in the United States for overall solar capacity.
According to Wheeless, the new procurements would help North Carolina increase its solar capacity. “North Carolina is about 7 percent solar right now. This will get us to around 10 percent,” he said.
If approved on an expedited basis, Duke Energy says the open window for bids will be between May 31 and July 15, with the potential for projects to be online by 2026.
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