Biomass, Emissions, New Projects, Renewables, Solar, Wind

Duke Energy Increases Renewable Energy Goal 33% by 2020

Duke Energy increases renewable energy goal 33% by 2020

Duke Energy (NYSE: DUK) will increase its renewable energy goal by 2,000 MW by 2020, a 33 percent jump from the old goal set in 2013.

The goal is spelled out in the company’s 10th edition of its sustainability report issued today. The company expects to own or purchase 8,000 MW of wind, solar and biomass capacity by 2020, a 33 percent jump from the previous goal of 6,000 MW set in 2013. As of the end of 2015, the company owned or bought nearly 4,400 MW of wind, solar and biomass: 49 percent wind, 39 percent solar and 12 percent biomass. The report also says Duke Energy has decreased its carbon dioxide emissions by 28 percent in 2015. The goal is now to reduce or offset CO2 emissions 17 percent from 2005 levels, from 152 million tons in 2005 to 126 million tons in 2020.

Overall, Duke Energy operates more than 52 GW of U.S. generating capacity.