Feds to buy back Duke Energy’s offshore wind lease off Brunswick County

BRUNSWICK COUNTY, NC (STARNEWS) — Duke Energy intends to sell its offshore wind lease off Brunswick County back to the federal government, following in the footsteps of other utilities in recent months.

“This settlement allows Duke Energy to refocus $129 million in ways that directly benefit our customers and communities in the Carolinas,” said Kodwo Ghartey-Tagoe, executive vice president and chief executive officer of Duke Energy Carolinas. “Under the agreement, Duke Energy will reinvest nearly $129 million in additional generating capacity, which may include advancing new nuclear and natural gas generation, and grid enhancements to strengthen reliability, support continued growth in the Carolinas and keep costs as low as possible.”

Read the StarNews article for the full details.