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Duke Energy plans to triple its output of renewable energy by 2030

Daily Energy Insider Published on April 29, 2021 by Dave Kovaleski © Shutterstock Duke Energy expects to triple the amount of renewable energy it produces by the end of this decade, according to its annual Sustainability Report, which reports on environment, social and governance (ESG) issues. Currently, about 7 percent of Duke Energy’s electrical output comes from wind, solar and hydroelectric plants. That figure is projected to more than triple to 23 percent by 2030. “Duke Energy has a clear line of sight to reduce our carbon emissions by at least 50% by 2030 and is making terrific progress to achieve net-zero carbon emissions by 2050. We’re already a leader in our industry when it comes to low-carbon intensity. This next decade will also be our biggest ever for incorporating thousands of megawatts of new renewable energy generation into our portfolio,” said Katherine Neebe, Duke Energy’s vice president of national engagement & strategy, chief sustainability office

Clean generation remains Duke Energy's focus as it plans to triple renewable energy this decade

Clean-energy transition spelled out in just-released Sustainability Report CHARLOTTE, N.C. – By the end of this decade, renewables will make up a large portion of the company’s generation mix as Duke Energy (NYSE: DUK) looks to triple the amount of renewable energy it produces from company power plants and dramatically reduce carbon emissions. This information, along with large amounts of other data, was spelled out today in Duke Energy’s 15th Sustainability Report, the company’s annual disclosure on environment, social and governance (ESG) issues. “Duke Energy has a clear line of sight to reduce our carbon emissions by at least 50% by 2030 and is making terrific progress to achieve net-zero carbon emissions by 2050. We’re already a leader in our industry when it comes to low-carbon intensity. This next decade will also be our biggest ever for incorporating thousands of megawatts of new renewable energy generation into our portfolio,” said Katherine Neebe, Duke Energ

Duke Energy plans to triple U.S. renewable power output by 2030

2 minute read The company logo and ticker for Duke Energy Corp. is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 4, 2019. REUTERS/Brendan McDermid U.S. energy company Duke Energy Corp (DUK.N) said on Wednesday that it plans to triple its renewable power output to 23% by 2030 from about 7% now, as it continues to retire coal plants. Combined with its six nuclear plants in the Carolinas, Duke said its carbon-free energy will be around 53% in 2030 and its move comes as U.S. consumers and federal and state governments seek more carbon-free power to stop climate change.

Clean generation remains Duke Energy's focus as it plans to triple renewable energy this decade

Duke Energy plans to triple U.S. renewable power output by 2030