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Duke Energy ups renewable growth goals

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Hydrocarbon Engineering,

Continuing its dramatic growth in renewable energy, Duke Energy has raised its 2020 renewable energy goal by 33%. The company expects to own or purchase 8000 megawatts (MW) of wind, solar and biomass capacity by 2020 โ€“ a 33% jump from the old goal of 6000 MW established in 2013.

"Duke Energy is accelerating the pace of our renewable energy programme allowing us to increase our goal for wind, solar and biomass on our system," said Cari Boyce, Vice President, Policy, Sustainability and Stakeholder Strategy. "Renewable energy will continue to be a growing part of our generation mix in the future."

The goal is spelled out in the company's 10th edition of its Sustainability Report. As of the end of 2015, the company owned or purchased nearly 4400 MW of wind, solar and biomass: 49% wind, 39% solar and 12% biomass.

The sustainability report also tracks the company's progress on other sustainability goals and programmes. Highlights:

  • Duke Energy continues to be a cleaner company. In 2015, overall carbon dioxide emissions from generation were 28% below what they were 10 years ago โ€“ and about 6% less than 2014.
  • Carbon intensity, the amount of carbon dioxide released per kilowatt-hour (kw-hr) of electricity produced, is 23% lower than 10 years ago.
  • Since 2009, Duke Energy has provided more than 70 million deeply discounted energy efficient lighting products to customers.
  • Duke Energy's price per kw-hr of electricity is lower than the national average in all six states the company serves retail customers.
  • Since 2013, Duke Energy has helped its communities attract more than 37 000 jobs and more than US$10 billion in capital investment.

For 10 straight years, Duke Energy has been a part of the Dow Jones Sustainability Index for North America. The Sustainability Report provides an overview and data on how Duke Energy creates value. It details the company's performance in its four key focus areas โ€“ customers, growth, operations and employees. A number of employees are highlighted for their contributions to Duke Energy's sustainability efforts.

You can read the full report here.

Adapted from press release by Francesca Brindle

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