DUK

Wells Fargo Agrees To Consume 100% Of Solar Energy Produced By Blackburn Solar Project

(RTTNews) - Wells Fargo, NextEra Energy Resources, and Duke Energy announced a 20-year renewable energy purchase agreement. Wells Fargo will consume 100% of solar energy produced by the Blackburn Solar Project, under Duke Energy's Green Source Advantage program.

The Blackburn Solar Project is a 58-megawatt 600-acre solar farm planned for Catawba County, North Carolina. The facility will be developed, owned, and operated by a unit of Florida-based NextEra Energy Resources, and is scheduled to come online in 2022.

The energy provided under the agreement will allow Wells Fargo to meet more than 50% of total electricity needs and 100% of its eligible load within the Duke Energy Carolinas service area.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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