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Duke Energy Partners with Chinese Companies to Accelerate Clean Energy Development
Duke Energy forged two strategic alliances with Chinese energy companies in 2009 to help us scale up and commercialize clean-energy technologies more rapidly. In August 2009, we committed to work with Huaneng Group, China’s largest electric utility, to explore a variety of renewable and other clean-energy technologies. We announced a similar arrangement with ENN Group, one of China’s largest privately held, diversified energy companies, in September 2009. One month later in Beijing, Duke Energy and ENN signed an agreement to jointly develop commercial solar power projects in the U.S.
Through this agreement, both companies will contribute capital, project development expertise and technical know-how to meet rising customer demand for renewable energy.
The Clean Air Task Force, a Boston-based environmental organization, played a key role in helping us develop relationships with Huaneng and ENN. These partnerships represent the type of global collaboration that is needed to achieve economies of scale and drive down the cost of clean-energy technologies for a carbon-constrained world.