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Utility Companies Sell Wind, Solar Farms to Shore Up U.S. Power Grid

Katherine Blunt and Jennifer Hiller of The Wall Street Journal report on utility companies’ efforts to shore up the power grid.

The C3 Take
  • As the grid becomes more strained and in need of improvement, major utility companies are stepping up.
  • Providers such as Duke Energy, American Electric Power, and Consolidated Edison are selling renewable energy projects and using the revenue from these sales to upgrade power lines and transmission infrastructure.
  • Private sector leaders are working hard to provide reliable and affordable energy to consumers.

“Duke in June announced plans to sell about 3,400 megawatts of wind, solar and battery projects to Brookfield Renewable for $2.8 billion. Brian Savoy, Duke’s chief financial officer, said the sale would help the company finance its capital-spending plan, which proposes $145 billion in investments over the next decade.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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