Duke Energy to sell wind power to Wal-Mart
Triangle Business Journal
Wal-Mart Stores Inc. has agreed to purchase electricity from Duke Energy Corp.’s Notrees wind-power project in west Texas.
The project will provide power to about 50 Wal-Mart stores and facilities in the state.
Financial terms of the deal weren’t disclosed.
“We’re proud to partner with Wal-Mart on this innovative initiative,” says David Marks, senior vice president of wind energy at Duke Energy Generations Services. “Our customers want energy products and services that keep them competitive, yet respond to environmental concerns.”
The first phase of the Notrees facility is slated to start commercial operation in December.
When completed in 2009, the Notrees project will have a capacity of 150 megawatts.
Charlotte-based Duke is one of the largest electric power companies in the United States. The company delivers electricity to about 4 million customers and natural gas service to 520,000 customers. The company supplies power to much of the western Triangle.
Wal-Mart (NYSE: WMT) is based in Arkansas.
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