Duke Energy, UNC look at wind project off N.C. coast - Trade Only Today

Duke Energy, UNC look at wind project off N.C. coast

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Duke Energy Carolinas will no longer pursue a plan to place as many as three demonstration wind turbines in the Pamlico Sound.

Instead, the company and the University of North Carolina at Chapel Hill will refocus their efforts to study and help enable large-scale offshore wind development on the ocean side of the North Carolina coast.

Since the project was announced in September 2009, in-depth analysis and engineering have been conducted and Duke Energy concluded that the fixed costs associated with permitting, design and construction of the small-scale coastal wind demonstration project were no longer affordable.

"The work completed on this project was successful in showing that North Carolina is well-positioned to develop offshore wind generation and we encourage state lawmakers to consider legislation to enable affordable large-scale wind generation off the coast," Paul Newton, senior vice president of strategy for Duke Energy's franchised businesses, said in a statement.

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