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HomeDuke Energy

Duke Energy

Offshore wind farms
Energy Transition

Major headwinds threaten off-shore wind targets

October 10, 2023 Mariel Alumit

The pervasive narratives about off-shore wind in recent years have been that costs are falling, and that wind power is cheap. But as I noted in a previous blog, and in my latest article for The Telegraph, things […]

Energy
Electrical Generation / Utilities

As Duke Energy rate hikes loom in N.C., deal could lessen blow for energy burdened

September 7, 2023 Mariel Alumit

​ Queen Greene of Roxboro, North Carolina, was among the many Duke Energy customers who spoke out this year against the company’s proposed rate hike. “I should not have to choose between food this month […]

Energy
Coal

Duke Energy Plans Replacement of Coal Plant with SMR

August 21, 2023 Mariel Alumit

Duke Energy Plans Replacement of Coal Plant with SMR (NucNet contributed to this report) In a classic case of seeking new lamps for old, Duke Energy (NYSE:DUK) is rubbing the bottle of the nuclear genie by […]

Nuclear
Electrical Generation / Utilities

Duke Energy Files IRP, Proposes Gas, Nuclear and Renewables

August 16, 2023 Mariel Alumit

Duke Energy filed plans to ensure energy reliability for its customers in South Carolina, focusing on gas-fired power plants, nuclear reactors, and renewable energy as it moves away from coal. Duke Energy Carolinas and Duke […]

Duke
Electrical Generation / Utilities

Duke Energy to sell distributed generation portfolio in $364 million deal

July 6, 2023 Mariel Alumit

(Reuters) – Utility firm Duke Energy said on Wednesday it would sell its commercial distributed generation business to private equity firm ArcLight Capital Partners in a $364 million deal. The business includes operating assets of […]

Renewables
Electrical Generation / Utilities

Duke Energy Sells Commercial Renewables for $2.8 Billion

June 16, 2023 Mariel Alumit

North Carolina-based energy holding company, Duke Energy has reached an agreement to sell its unregulated utility-scale commercial renewables business to Brookfield Renewable, owners and operators of renewable power and climate transition assets, at an enterprise value of approximately […]

Energy
Electrical Generation / Utilities

Duke Energy to start construction of floating solar pilot in Florida

March 20, 2023 Mariel Alumit

Duke Energy Corp (DUK.N) said on Thursday that its Florida unit would start construction of about 1 megawatt floating solar array pilot later this month in Polk County. The pilot will feature more than 1,800 floating […]

Duke
Electrical Generation / Utilities

Duke Energy Begins Construction on Two New Solar Sites in North Florida

March 20, 2023 Mariel Alumit

Solar projects in Bay and Madison counties add to the company’s growing renewable generation portfolio At peak output, each site will generate enough carbon-free electricity to power nearly 23,000 homes ST. PETERSBURG, Fla., March 17, 2023 […]

Energy Crisis

Renewable energy investors squeezed by higher interest rates, costs

March 12, 2023 Mariel Alumit

NEW YORK/HOUSTON, (Reuters) – Corporations and investors have been pouring money into renewable energy projects, seeing an opportunity to grasp the Holy Grail of socially conscious investing: do good while doing well. But sharply higher […]

Climate Crisis

With Duke Energy solar rebates expired, N.C. nonprofits look for new ways to bridge the gap

February 20, 2023 Mariel Alumit

​ A rush of applications in the final months of a Duke Energy solar rebate program reflects an ongoing need to help North Carolina nonprofits share the benefits of clean energy, advocates say. Duke Energy […]

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