Duke Energy Renewables announces second power purchase agreement for Frontier Windpower II

| September 29, 2019

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Duke Energy Renewables has lined up another major purchaser for energy it will produce through an expansion of its Frontier Windpower project in Kay County. The company announced this week that AT&T has signed a 15-year, 160-megawatt virtual power purchase agreement with it, boosting claims on the amount of power it expects Frontier Windpower II to produce to just more than 90% of its total capacity. Earlier this year, Duke announced that Ball Corp. had signed the same type of 15-year agreement with it. The earlier agreement accounts for 161 megawatts of Frontier Windpower II’s 350-megawatt capacity. A virtual power purchase agreement is a type of renewable energy contract that provides the buyer with a financial hedge against future energy cost fluctuations and the seller with a guarantee it will make a specific amount of money from the energy generated by the project that’s involved.

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