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Amid Depressed Power Demand, Duke Sticks to Plan to Double Renewables Base

Amid Depressed Power Demand, Duke Sticks to Plan to Double Renewables Base

Duke Strength is standing behind its approach to double its renewable energy base to 16 gigawatts by 2025 despite the depressing effect the coronavirus outbreak is having on its utilities. Duke’s initially-quarter cash flow from its utilities business fell, and the results never reflect the complete impact of the COVID-19 continue to be-at-house and business closure orders, CEO Lynn Fantastic said on a Tuesday conference phone.  In April the photograph darkened further more: Duke’s overall electrical energy revenue fell 5 p.c, dragged down by a 12…