Duke Energy Launches 10-MW Solar Project in South Carolina
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy DUK?
Source: PRnewswire
- Project Launch: Duke Energy has officially put the Ebbie Solar project into service in Marion, South Carolina, marking it as the first project in the state to operate under the updated Green Source Advantage program, indicating the company's further expansion in renewable energy.
- Renewable Energy Certificates: Through the Green Source Advantage program, business customers will receive renewable energy certificates and bill credits, with the project expected to generate over 23,000 megawatt-hours of clean electricity annually, supporting customers' sustainability goals.
- Strong Customer Demand: Duke Energy's Renewable Choice program exceeded initial enrollment targets in 2025, reflecting strong demand from large commercial customers for flexible access to clean energy, driving the company's ongoing investments in the renewable energy sector.
- Environmental Impact: Schaeffler Group anticipates that the project will offset approximately 25% of the energy consumption across its three plants, further reinforcing its commitment to clean energy while providing environmental attribute revenue benefits to all retail customers.
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Analyst Views on DUK
Wall Street analysts forecast DUK stock price to fall
11 Analyst Rating
5 Buy
6 Hold
0 Sell
Moderate Buy
Current: 132.950
Low
115.00
Averages
132.09
High
146.00
Current: 132.950
Low
115.00
Averages
132.09
High
146.00
About DUK
Duke Energy Corporation is an energy holding company. The Company operates through two segments: Electric Utilities and Infrastructure (EU&I) and Gas Utilities and Infrastructure (GU&I). The EU&I segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio. EU&I provides retail electric service through the generation, transmission, distribution, and sale of electricity to customers within the Southeast and Midwest regions of the United States. The GU&I segment conducts natural gas operations primarily through the regulated public utilities of Piedmont, Duke Energy Ohio, and Duke Energy Kentucky. GU&I serves residential, commercial, industrial, and power generation natural gas customers, including customers served by municipalities who are wholesale customers. It also purchases a diverse portfolio of transportation and storage services from interstate pipelines.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Duke Energy Launches 10-MW Solar Project in South Carolina
- Project Launch: Duke Energy has officially put the Ebbie Solar project into service in Marion, South Carolina, marking it as the first project in the state to operate under the updated Green Source Advantage program, indicating the company's further expansion in renewable energy.
- Renewable Energy Certificates: Through the Green Source Advantage program, business customers will receive renewable energy certificates and bill credits, with the project expected to generate over 23,000 megawatt-hours of clean electricity annually, supporting customers' sustainability goals.
- Strong Customer Demand: Duke Energy's Renewable Choice program exceeded initial enrollment targets in 2025, reflecting strong demand from large commercial customers for flexible access to clean energy, driving the company's ongoing investments in the renewable energy sector.
- Environmental Impact: Schaeffler Group anticipates that the project will offset approximately 25% of the energy consumption across its three plants, further reinforcing its commitment to clean energy while providing environmental attribute revenue benefits to all retail customers.
See More
Duke Energy's First Solar Project Under Green Source Advantage Goes Live
- Project Launch: Duke Energy has put the 10-megawatt Ebbie Solar project into service in Marion, South Carolina, marking it as the first project in the state to operate under the updated Green Source Advantage program, representing a significant advancement in the company's renewable energy initiatives.
- Customer-Driven Renewable Energy: The facility is expected to generate over 23,000 megawatt-hours of clean electricity annually, supporting Schaeffler Group's sustainability goals by offsetting approximately 25% of the energy consumption across its three Cheraw plants, thereby significantly reducing its carbon footprint.
- Flexible Clean Energy Options: Duke Energy's Renewable Choice program has surpassed initial enrollment targets for 2025, indicating strong demand from large commercial customers for flexible access to clean energy, with 57 megawatts of new renewable capacity subscribed, enhancing the company's competitive position in the market.
- Strategic Investment and Future Outlook: Duke Energy is executing major electric grid upgrades and investing in cleaner generation, aiming to build a smarter energy system to meet the growing demand for renewable energy and drive sustainability efforts.
See More
Tesla Strikes $4.3 Billion Battery Deal with LG Energy
- Battery Procurement Agreement: Tesla has struck a $4.3 billion deal with LG Energy Solution to procure battery cells for energy storage systems produced in Lansing, Michigan, further solidifying its position in the energy market.
- Energy Business Growth: Tesla's energy segment saw a 27% revenue increase last year, reaching $12.8 billion and accounting for 13% of total revenue, showcasing its rapid expansion potential outside of electric vehicles, despite a 10% decline in the auto sector.
- Production Line Development: LG Energy will establish dedicated production lines at its Lansing facility to meet Tesla's needs, indicating the depth of their collaboration and expectations for future market demand, while also reflecting LG's commitment to battery production capabilities.
- Market Competition Pressure: Tesla anticipates margin compression in its energy business due to low-cost competition, particularly from BYD in China and emerging climate-tech startups, highlighting the complexity of the market environment and the intensity of competition.
See More
Duke Energy Launches Clean Energy Program Surpassing Enrollment Targets
- Strong Customer Demand: Duke Energy's GSA Express program has surpassed initial enrollment targets, highlighting robust demand for flexible and streamlined access to renewable energy in North Carolina, which is expected to drive further growth in the company's renewable energy market.
- Renewable Energy Access: The program allows nonresidential customers to subscribe to capacity from new renewable energy facilities on Duke Energy's grid, helping them achieve up to 100% of their annual electricity use, thereby reducing the complexity of securing off-site generation independently.
- Diverse Participation: Companies such as Cisco, United States Cold Storage, and Daimler Truck North America are among the first participants, indicating the program's appeal to large enterprises and further strengthening Duke Energy's market position in the renewable energy sector.
- Environmental Attribute Tracking Tool: Duke Energy has launched a new Environmental Attribute Tracking tool in partnership with Cleartrace, ensuring customers can accurately report clean energy attributes and associated carbon reductions, enhancing the company's transparency and customer trust in sustainability efforts.
See More
Duke Energy Plans $1 Billion Convertible Notes Offering
- Bond Offering Plan: Duke Energy Corp. plans to issue $1 billion in convertible senior notes due 2029 through a private placement, aimed at optimizing its capital structure and enhancing financial flexibility.
- Debt Repayment: The net proceeds from this offering will be used to repay $1.725 billion of outstanding 4.125% convertible senior notes, which is expected to improve the company's debt structure and reduce interest burdens.
- Market Rating Adjustment: Morgan Stanley raised Duke Energy's price target from $130 to $139 while maintaining an Equal Weight rating, reflecting cautious optimism towards utility stocks despite underperformance in the broader market.
- Diversified Business Model: Duke Energy operates through two primary segments, Electric and Gas Utilities, maintaining a robust generation portfolio that includes nuclear, renewables, and natural gas, ensuring service capabilities in both residential and industrial sectors.
See More
Duke Energy Prepares for High Winds and Tornado Risks
- Climate Risk Preparedness: Duke Energy is anticipating damaging high winds and potential tornado activity on Monday, which increases the risk of downed trees and power lines, potentially impacting service reliability.
- Customer Advisory: Storm Director Rick Canavan advises customers to take precautions against possible outages and service interruptions, ensuring safety and transparency of information during adverse weather conditions.
- Energy Service Coverage: Serving 8.6 million customers across North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky, Duke Energy operates with a capacity of 55,100 megawatts, underscoring its significant role in the U.S. energy market.
- Energy Transition Strategy: The company is executing major electric grid upgrades and investing in cleaner generation sources, including natural gas, nuclear, renewables, and energy storage, to maintain customer reliability and value while advancing towards a smarter energy future.
See More
Duke Energy Launches 10-MW Solar Project in South Carolina
- Project Launch: Duke Energy has officially put the Ebbie Solar project into service in Marion, South Carolina, marking it as the first project in the state to operate under the updated Green Source Advantage program, indicating the company's further expansion in renewable energy.
- Renewable Energy Certificates: Through the Green Source Advantage program, business customers will receive renewable energy certificates and bill credits, with the project expected to generate over 23,000 megawatt-hours of clean electricity annually, supporting customers' sustainability goals.
- Strong Customer Demand: Duke Energy's Renewable Choice program exceeded initial enrollment targets in 2025, reflecting strong demand from large commercial customers for flexible access to clean energy, driving the company's ongoing investments in the renewable energy sector.
- Environmental Impact: Schaeffler Group anticipates that the project will offset approximately 25% of the energy consumption across its three plants, further reinforcing its commitment to clean energy while providing environmental attribute revenue benefits to all retail customers.
See More
Duke Energy's First Solar Project Under Green Source Advantage Goes Live
- Project Launch: Duke Energy has put the 10-megawatt Ebbie Solar project into service in Marion, South Carolina, marking it as the first project in the state to operate under the updated Green Source Advantage program, representing a significant advancement in the company's renewable energy initiatives.
- Customer-Driven Renewable Energy: The facility is expected to generate over 23,000 megawatt-hours of clean electricity annually, supporting Schaeffler Group's sustainability goals by offsetting approximately 25% of the energy consumption across its three Cheraw plants, thereby significantly reducing its carbon footprint.
- Flexible Clean Energy Options: Duke Energy's Renewable Choice program has surpassed initial enrollment targets for 2025, indicating strong demand from large commercial customers for flexible access to clean energy, with 57 megawatts of new renewable capacity subscribed, enhancing the company's competitive position in the market.
- Strategic Investment and Future Outlook: Duke Energy is executing major electric grid upgrades and investing in cleaner generation, aiming to build a smarter energy system to meet the growing demand for renewable energy and drive sustainability efforts.
See More
Tesla Strikes $4.3 Billion Battery Deal with LG Energy
- Battery Procurement Agreement: Tesla has struck a $4.3 billion deal with LG Energy Solution to procure battery cells for energy storage systems produced in Lansing, Michigan, further solidifying its position in the energy market.
- Energy Business Growth: Tesla's energy segment saw a 27% revenue increase last year, reaching $12.8 billion and accounting for 13% of total revenue, showcasing its rapid expansion potential outside of electric vehicles, despite a 10% decline in the auto sector.
- Production Line Development: LG Energy will establish dedicated production lines at its Lansing facility to meet Tesla's needs, indicating the depth of their collaboration and expectations for future market demand, while also reflecting LG's commitment to battery production capabilities.
- Market Competition Pressure: Tesla anticipates margin compression in its energy business due to low-cost competition, particularly from BYD in China and emerging climate-tech startups, highlighting the complexity of the market environment and the intensity of competition.
See More
Duke Energy Launches Clean Energy Program Surpassing Enrollment Targets
- Strong Customer Demand: Duke Energy's GSA Express program has surpassed initial enrollment targets, highlighting robust demand for flexible and streamlined access to renewable energy in North Carolina, which is expected to drive further growth in the company's renewable energy market.
- Renewable Energy Access: The program allows nonresidential customers to subscribe to capacity from new renewable energy facilities on Duke Energy's grid, helping them achieve up to 100% of their annual electricity use, thereby reducing the complexity of securing off-site generation independently.
- Diverse Participation: Companies such as Cisco, United States Cold Storage, and Daimler Truck North America are among the first participants, indicating the program's appeal to large enterprises and further strengthening Duke Energy's market position in the renewable energy sector.
- Environmental Attribute Tracking Tool: Duke Energy has launched a new Environmental Attribute Tracking tool in partnership with Cleartrace, ensuring customers can accurately report clean energy attributes and associated carbon reductions, enhancing the company's transparency and customer trust in sustainability efforts.
See More
Duke Energy Plans $1 Billion Convertible Notes Offering
- Bond Offering Plan: Duke Energy Corp. plans to issue $1 billion in convertible senior notes due 2029 through a private placement, aimed at optimizing its capital structure and enhancing financial flexibility.
- Debt Repayment: The net proceeds from this offering will be used to repay $1.725 billion of outstanding 4.125% convertible senior notes, which is expected to improve the company's debt structure and reduce interest burdens.
- Market Rating Adjustment: Morgan Stanley raised Duke Energy's price target from $130 to $139 while maintaining an Equal Weight rating, reflecting cautious optimism towards utility stocks despite underperformance in the broader market.
- Diversified Business Model: Duke Energy operates through two primary segments, Electric and Gas Utilities, maintaining a robust generation portfolio that includes nuclear, renewables, and natural gas, ensuring service capabilities in both residential and industrial sectors.
See More
Duke Energy Prepares for High Winds and Tornado Risks
- Climate Risk Preparedness: Duke Energy is anticipating damaging high winds and potential tornado activity on Monday, which increases the risk of downed trees and power lines, potentially impacting service reliability.
- Customer Advisory: Storm Director Rick Canavan advises customers to take precautions against possible outages and service interruptions, ensuring safety and transparency of information during adverse weather conditions.
- Energy Service Coverage: Serving 8.6 million customers across North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky, Duke Energy operates with a capacity of 55,100 megawatts, underscoring its significant role in the U.S. energy market.
- Energy Transition Strategy: The company is executing major electric grid upgrades and investing in cleaner generation sources, including natural gas, nuclear, renewables, and energy storage, to maintain customer reliability and value while advancing towards a smarter energy future.
See More
