Duke Vows to Double Renewables Capacity, Reach Net-Zero Methane Emissions By 2030
Duke Energy on Friday announced plans to bring its gas operations to net-zero methane emissions by 2030, increase its renewable energy output and retire some of its coal plants earlier than planned.
The utility plans to double its renewable energy portfolio capacity to 16 GW by 2025, at least triple the amount for its regulated subsidiaries by 2030. The company also plans to reach 40 GW for its regulated subsidiaries by 2050, along with 11 GW of storage across its system by that time. It will also retire all of its coal-only units in the Carolinas by 2030 and is "working with stakeholders to accelerate retirement of coal plants in Indiana," Duke spokesperson Phil Sgro said in an email.
By Catherine Morehouse