Dive Summary:

• Duke Energy Renewables, a unit of Duke Energy, announced Wednesday it will buy a 4.5 megawatt (MW) solar project in San Francisco from developer Recurrent Energy, adding to the unit's more than 100MW of solar generating capacity across 16 U.S. projects.
• The largest solar generator in San Francisco, the Sunset Reservoir Solar Power Project consists of 24,000 solar panels on top of the Sunset Reservoir and is one of California’s largest urban solar developments. The San Francisco Public Utilities Commission (SFPUC) will purchase the solar power under a 25-year power purchase agreement.
• "With the addition of this project, we continue to grow our solar footprint in California," Duke Energy Renewables President Greg Wolf said in a press release. Since 2007, Duke has invested more than $3 billion in its commercial solar and wind business.

From the article:

"This agreement with Duke Energy Renewables shows the continued movement of solar into mainstream power," said Recurrent Energy CEO Arno Harris. "Their investment in the Sunset Reservoir project further shows solar's ability to attract capital from conventional energy investors."