The photo voltaic mission is the primary to come back from a Duke Power pilot program that goals to make it simpler for companies, colleges and nonprofits to include clear, renewable vitality sources into their vitality combine.
“We’re excited to accomplice with Toray Resin on this renewable vitality enterprise,” stated Stan Pinegar, president of Duke Power Indiana. “This distinctive leasing association will assist energy the corporate’s manufacturing operations in a sustainable and cost-effective method, whereas additionally demonstrating how our neighbors, companies and communities can come collectively to make significant progress towards a cleaner vitality future.”
Beneath this system, Duke Power will personal, function and preserve the Blue River Photo voltaic Facility on Toray Resin’s Shelbyville campus for a month-to-month service price. This system offers Toray Resin with the benefits of clear vitality to assist energy their operations, whereas minimizing upfront prices and upkeep obligations.
“Toray Resin Firm and our mum or dad, Toray Industries, intend to be a frontrunner sooner or later use of renewable vitality by collectively growing reasonably priced, dependable and cleaner vitality,” stated Dennis Godwin, president of Toray Resin Firm. “This joint settlement with Duke Power Indiana additional advances Toray’s dedication to cut back our carbon footprint by investing in renewable energy options like photo voltaic which might be dependable, scalable, cost-efficient, sustainable and immediately help our core enterprise technique.”
Beneath Duke Power’s photo voltaic companies pilot program, eligible Indiana clients can lease an on-site photo voltaic system for a interval of as much as 20 years. Duke Power installs, operates, owns and maintains the system, whereas clients obtain the entire kWh and photo voltaic renewable vitality credit score (SREC) output. Preliminary program capability is proscribed to a complete of 10 MW for eligible industrial and industrial clients inside the Duke Power Indiana service territory.
Information merchandise from Duke Power Indiana