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Duke Energy will invest US$11bn in gas-fired generation and renewables (US)

According to Duke Energy's 2017 sustainability report, the company operates roughly 49,500 MW of power generation capacity and delivers power to 7.6 million industrial users (20% of power sales) and commercial and residential customers (32% of power sales) throughout the United States.



Duke Energy's generation capacity is mostly thermal with 39% gas and oil-fired and 36% coal-fired capacity, while nuclear power and renewables respectively stand for 18% and 7%. As for the power generation, nuclear makes up 35% of the total, while coal, gas/oil and renewables account for 34%, 30% and 1% respectively.



Duke Energy Renewables is active in 14 states and has a total capacity of 2,907 MW from 21 wind projects (2,311 MW, i.e. 79% of the total capacity) and 63 solar projects (596 MW, 21%).



The group plans to invest US$11bn in gas-fired generation and in renewables by 2030 to cut its CO2 emissions by 40% from 2005 levels.

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