Duke Energy Renewables, a part of Duke Energy Corp., said it has acquired a 1-megawatt solar farm at an elementary school in southwestern North Carolina.
Charlotte-based Duke said the approximately 4,400 ground-mounted photovoltaic solar modules at Martins Creek Elementary School in Murphy will generate an estimated 1.3 million kilowatt-hours of electricity per year, enough to power more than 150 average-sized homes.
Duke acquired the solar farm from ESA Renewables in March. Electricity from the solar farm is sold through Blue Ridge Mountain EMC to the Tennessee Valley Authority. The site began producing electricity in March.
A 10-year power purchase agreement with TVA through Blue Ridge Mountain EMC allows the school to share in the revenue from electricity generated by the solar farm, Duke said, adding that the revenue is about equal to the cost of two full-time teachers.
Martins Creek is Duke Energy Renewables’ fourth commercial solar farm in North Carolina and fifth nationwide.