Duke Energy Renewables acquires 20-MW Longboat Solar Project in California from EDF Renewable Energy

"Longboat is a great addition to our growing California solar portfolio," said Greg Wolf, Commercial Portfolio president, Duke Energy. "In addition to utility-scale solar projects, we've also made investments in California distributed generation and energy management systems for commercial and industrial companies, which enables us to offer a full array of services in the state and across the U.S."

The energy generated from Longboat and associated renewable energy credits (RECs) will be sold to Southern California Edison through a 20-year agreement.

"We're proud to turn over the Longboat solar project to Duke Energy Renewables," said Raphael Declercq, vice president, Portfolio Strategy, EDF Renewable Energy. "We value the support of San Bernardino county and the local community for its first-ever unanimous approval of a solar project. We leveraged nearly 30 years of experience  and managed the state's rigorous and thorough approval process to position this project ready for construction."

Gehrlicher Solar America Corp. will oversee the construction of the project, which is expected to be in service by year-end 2016. Jinko is providing 84,000 single-axis tracking and polycrystalline modules.

Duke Energy Renewables currently has seven solar power projects in California:

In addition to these utility-scale projects, Duke Energy made majority investments in two California companies last year, REC Solar and Phoenix Energy Technologies. REC Solar, located in San Luis Obispo, Calif., is a provider of comprehensive commercial solar and energy solutions. Phoenix Energy Technologies, based in Irvine, Calif., is a provider of energy management systems and services for commercial and industrial customers.

Over the past eight years, Duke Energy, through its regulated and commercial businesses, has invested more than $4 billion in solar and wind across the country. The company plans to invest about $3 billion in renewable energy over the next five years.

About Duke Energy Renewables
Duke Energy Renewables, part of Duke Energy's Commercial Portfolio, is a leader in developing innovative wind and solar energy generation projects for customers throughout the United States. The company's growing portfolio of commercial renewable assets includes 18 wind farms and 36 solar farms in operation in 12 states, totaling about 2,500 megawatts in electric-generating capacity. Learn more at www.duke-energy.com/renewables.

Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at: www.duke-energy.com. Follow Duke Energy on Twitter, LinkedIn and Facebook.

About EDF Renewable Energy
EDF Renewable Energy is a leading US independent power producer with nearly 30 years of expertise in the renewable industry, covering all range of services from project origination, development, sales and marketing, to long-term asset management. EDF Renewable Energy specializes in wind and solar photovoltaic with presence in other segments of the renewable energy market: storage, biogas, biomass, hydro, and marine energy. EDF Renewable Energy's North American portfolio consists of 7.8 gigawatts of developed projects with 4.1 gigawatts of installed capacity throughout the US, Canada, and Mexico. The operations and maintenance subsidiary, EDF Renewable Services, operates over 10.7 GW throughout North America. EDF Renewable Energy is a subsidiary of EDF Energies Nouvelles. EDF Energies Nouvelles is the renewable energy arm of the EDF group, the leading electricity company in the world. For more information visit:  www.edf-re.com

Contact: Tammie McGee, Duke Energy
24-Hour: 800.559.3853

Contact: Sandi Briner, EDF Renewable Energy
Office: 858-521-3525