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GreenCo to Purchase Renewable Energy Certificates from New Duke Energy Commercial Solar Project in North Carolina

MURFREESBORO, N.C. Jan. 24, 2011 Hertford County

http://photos.prnewswire.com/prnh/20040414/DUKEENERGYLOGO

Groundbreaking at the 6.4-megawatt (DC) Murfreesboro Solar Project (equivalent to 5 MW AC) is expected this spring. When completed in late 2011, the solar farm will be capable of generating enough electricity to power about 700 average-sized homes.

GreenCo Solutions, a company owned by 22 electric cooperatives, will buy all renewable energy certificates (RECs) generated by the facility to assist its members in meeting their solar power requirement under the state’s Renewable Energy and Energy Efficiency Portfolio Standard (REPS). GreenCo executed a 20-year purchase agreement with Duke Energy Renewables, a newly renamed part of Duke Energy’s unregulated, commercial business.

The electricity produced by the solar farm will be purchased by NCEMC, the power supply organization for the majority of the state’s electric cooperatives, under a 20-year agreement.

Murfreesboro December 2010

Rick Thomas

Greg Wolf

Howard Wenger

Murfreesboro Raleigh, N.C.

North Carolina

About GreenCo Solutions

www.greencosolutions.net

About NC Electric Membership Corporation

North Carolina North Carolina

About Duke Energy Renewables

the United States

Charlotte, N.C. www.duke-energy.com

About SunPower

San Jose, Calif. North America Europe Australia Asia www.sunpowercorp.com

MEDIA CONTACTS

Duke Energy

Greg Efthimiou

704-382-1925

24-Hour

800-559-3853

NCEMC

Kristie Aldridge

919-645-2430

SunPower

Ingrid Ekstrom

510-260-8368

SOURCE Duke Energy

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