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Duke Energy Renewables' 200-MW Meste ±o Windpower project in Texas begins producing energy

2020-01-06 13:00 ET - News Release

- Project includes some of the tallest wind turbines in the U.S. - increasing wind energy production

CHARLOTTE, N.C., Jan. 6, 2020 /PRNewswire/ -- Duke Energy Renewables, a commercial business unit of Duke Energy (NYSE: DUK), announced that its 200-megawatt (MW) Mesteño Windpower project in Starr County, Texas began commercial operation on Dec. 31, 2019. It is Duke Energy's fourth wind generation facility in Starr County and its eleventh in Texas.

The project's output will be sold into the ERCOT market and Duke Energy Renewables has entered into a long-term hedge agreement covering the majority of the expected wind energy production.

Mesteño contains turbines 590.5 feet tall – some of the tallest wind turbines in the United States. The tall tower turbines harness stronger winds, which result in an increase in wind energy production.

"We're excited to bring another wind project online in Texas and plan to continue investing in renewable energy in the state," said Rob Caldwell, president of Duke Energy Renewables. "This project will deliver clean energy and significant economic benefits."

During peak construction, the wind project created approximately 200 jobs. It will also deliver more than $16 million in tax revenue over the first 10 years of its operation.

Vestas supplied 56 3.6-MW turbines for the site.

"We're pleased to expand our tall tower technology and V136-3.6 MW platform," said Chris Brown, president of Vestas' sales and service division in the United States and Canada. "The combination of taller towers and V136-3.6 MW technology is perfectly designed to extract the abundant resource at the site, and deliver low-cost, reliable energy to the community and customer."

The 200-MW Mesteño wind facility will produce enough energy to power about 60,000 average homes.

Amshore US Wind provided development support for the project, and Wanzek Construction is the contractor.

Duke Energy is one of the nation's top renewable energy providers – on track to own or purchase 8,000 megawatts of wind, solar and biomass energy by the end of 2020.

Duke Energy Renewables

Duke Energy Renewables, a nonregulated unit of Duke Energy, operates wind and solar generation facilities across the U.S., with a total electric capacity of 3,000 megawatts. Duke Energy is one of the nation's top renewable energy providers – on track to own or purchase 8,000 megawatts of wind, solar and biomass energy by 2020. The power is sold to electric utilities, electric cooperatives, municipalities, and commercial and industrial customers. The unit also operates energy storage and microgrid projects. Visit Duke Energy Renewables for more information.

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of the largest energy holding companies in the U.S. It employs 30,000 people and has an electric generating capacity of 51,000 megawatts through its regulated utilities, in addition to Duke Energy Renewables' capacity.

Duke Energy was named to Fortune's 2019 "World's Most Admired Companies" list, and Forbes' 2019 "America's Best Employers" list. More information about the company is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos, videos and other materials. Duke Energy's illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.     

Cautionary Language Concerning Forward-Looking Statements
This document includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are based on management's beliefs and assumptions. These forward-looking statements are identified by terms and phrases such as "anticipate," "believe," "intend," "estimate," "expect," "continue," "should," "could," "may," "plan," "project," "predict," "will," "potential," "forecast," "target," "outlook," "guidance," and similar expressions. Various factors may cause actual results to be materially different than the suggested outcomes within forward-looking statements; accordingly, there is no assurance that such results will be realized. These risks and uncertainties are identified and discussed in Duke Energy's Form 10-K for the year ended December 31, 2018, and subsequent quarterly reports filed with the Securities and Exchange Commission ("SEC") and available at the SEC's website at www.sec.gov. In light of these risks, uncertainties and assumptions, the events described in the forward-looking statements might not occur or might occur to a different extent or at a different time than Duke Energy has described. Duke Energy expressly disclaims an obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact: Jennifer Garber
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