Duke Energy Renewables (DER) would then fully own the facility in Lamesa south of Lubbock, which entered commercial operation several months ago.
Neither company has disclosed financial terms of the upcoming transaction, which Duke expects to close late this month or in early August, spokeswoman Tammie McGee tells Recharge.
Duke will purchase Sumitomo’s half-interest in Mesquite Creek through their joint venture DS Cornerstone.
Duke
