Energy · 1 views

Duke gives up offshore wind lease for ‘partial’ reimbursement under Interior deal

A Duke Energy subsidiary paid $155 million for the lease in 2022, saying it could support up to 1.6 GW of capacity.

Source Utility Dive AI Summary Updated 3h 44m ago

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AI Summary

A Duke Energy subsidiary paid $155 million for the lease in 2022, saying it could support up to 1.6 GW of capacity. The utility now says it will “refocus” nearly $129 million to projects that may include new nuclear, natural gas and grid enhancements.

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