October 23, 2009
Langfang,
China: Duke Energy and China's ENN Partner to Pursue US Solar
Market
China-based
ENN Group and Duke Energy will jointly develop commercial solar
power projects in the United States.
Under
an agreement signed today, ENN and Duke Energy will concentrate
on two types of solar photovoltaic designs: large "utility-scale"
solar farms and commercial distributed generation solar projects.
Distributed generation systems produce electricity close to where
the energy is used, rather than at large, central power plants.
This
joint development agreement builds upon a memorandum of understanding
announced Sept. 23 at the Clinton Global Initiative's annual meeting
at which time the companies pledged to work together to accelerate
the development of low-carbon and clean energy technologies.
"China
is investing heavily in clean energy and we can make greater progress
in the U.S. by joining forces and working together," said Duke
Energy CEO Jim Rogers. "Duke Energy and ENN seek to not only accelerate
the development of solar power in the U.S., but help achieve economies
of scale and drive down the cost of renewable energy."
"ENN
and Duke Energy have very complementary strengths," said ENN Chairman
Wang Yusuo. "We are both dedicated to the development and use
of low-carbon, clean energy sources to combat the climate change
crisis facing all humanity."
Duke
Energy Generation Services (DEGS), a commercial business unit
of Duke Energy, will team with ENN to develop, own and operate
the solar projects.
The
joint development agreement will expand DEGS' existing investments
in renewable energy - including wind and biopower - and commercial
transmission. DEGS owns and operates more than 630 megawatts (MW)
of wind power projects in the U.S. and plans to add another 350
MW by the end of 2010. In the biopower market, DEGS is developing
wood-waste-to-electricity power plants in the U.S. through ADAGE,
the company it formed in 2008 with French-based AREVA.
Keith
Trent, president and group executive of Duke Energy's Commercial
Businesses, and Wouter van Kempen, president of DEGS, joined ENN
Chairman Wang Yusuo and Vice Chairman and Chief Scientist Gan
Zhongxue in Langfang for the signing of the agreement.
Further details about: ENN
and Duke Energy
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