Duke Energy targets 23% renewables in power result by 2030

Apr 30, 2021 04:47 PM ET
  • United States utilities group Duke Energy Corp (NYSE: DUK) will certainly seek to create 23% of its electricity from wind, solar and hydropower by 2030 as it devotes to add more renewables into the mix.

Currently, the combined share of wind, solar and also hydro in the company-owned power outcome is 7%, Duke Energy said.

"This following years will certainly likewise be our greatest ever for including countless megawatts of new renewable resource generation into our portfolio," claimed Duke Energy vice president Katherine Neebe.

Duke Energy is currently building wind as well as solar farms in Florida, North Carolina, Oklahoma as well as Texas. In the next 3 years, these plants will be joined by 280 MW of pumped storage hydro ability at Duke's Bad Creek Hydroelectric Terminal in South Carolina.

The energy holding has actually also promised to reduce its carbon exhausts by at least 50% by 2030 and work towards achieving net no by 2050.

Until now, Duke Energy's overall carbon dioxide output come by over 40% since 2005, thanks to slowly lowering the coal share. Because 2010, the firm retired 52 coal-fired units, it added.