SUMMARY

The solar plant will provide Duke Energy Indiana customers clean, renewable energy while supporting the economic development and sustainability goals of Purdue Research Foundation’s (PRF) Discovery Park District. This solar project will set the stage for sustainable land use developments at Discovery Park while diversifying Duke Energy Indiana’s fuel mix with carbon-free, 100% renewable energy generation resource.

BENEFITS

§ Duke Energy: New carbon-free and renewable resource

§ PRF: Economic development and sustainability

BACKGROUND

The development of Tippecanoe Solar Power Plant will advance the shared vision of Duke Energy and PRF for sustainability and community economic growth. PRF is leasing approximately 10 usable acres for construction of the solar plant. The project will provide new investment to support PRF’s economic development and sustainability goals and provide Duke Energy customers with a new 100% renewable energy resource.

©2019 Duke Energy Corporation 191871 7/19

Tippecanoe Solar Power Plant Fact Sheet

Project details

Solar Plant Capacity | 1.6 MW

Expected Asset Life | 30+ years

Location

County | Tippecanoe

Location | West Lafayette, IN

Land Size | Approximately 10 acres

Estimated timeline/milestones

Construction Start | July 2019

Commissioned | December 2019

Duke Energy contact

Dan Rhodes Community Relations Manager 765.413.8406

Duke Energy Corporation | P.O. Box 1009 | Charlotte, NC 28201-1009 | www.duke-energy.com

Duke Energy contact: Lew Middleton Office: 317.838.1505 | 24-Hour: 800.559.3853 Purdue Discovery Park District contact: Jeremy Slater Office: 765.588.1221 Date: July 11, 2019

Duke Energy to add more clean, renewable solar power for customers

in Indiana

• Company will build and operate a 1.6-megawatt solar power plant at

Discovery Park District near Purdue University

PLAINFIELD, Ind. – Duke Energy plans to increase the amount of clean, renewable

energy for its customers by building a 1.6-megawatt (MW) solar power plant in

Discovery Park District near Purdue University on the west side of U.S. Highway

52/231.

“This solar facility will provide our customers with a new 100 percent renewable energy

source,” said Stan Pinegar, Duke Energy state president for Indiana. “It’s another piece

as Duke Energy works to add more renewable energy to our traditional fuel sources.”

Duke Energy will lease about 10 acres south of the Purdue Technology Center

Aerospace building from the Purdue Research Foundation. Duke Energy will build and

operate the new ground-mount solar power plant, to be named the Tippecanoe County

Solar Power Plant. The electricity generated by the plant will serve Duke Energy’s

customers.

“Sustainability has been one of four global advancements Purdue University has been

celebrating this year while marking the 150th anniversary of the university’s founding, so

this is an optimum time to add a solar facility at the Discovery Park District,” said

Jeremy Slater, director of the Discovery Park District. “It’s another key step toward

sustainability as we continue to develop the district.”

The solar power plant will generate enough electricity to power about 230 average

homes at peak production. The plant, which will have approximately 7,000 solar panels,

will reduce the equivalent of greenhouse gas emissions from passenger cars driving

Duke Energy News Release 2

nearly 5 million miles. It is expected to provide energy for more than 30 years. The new

solar power plant will be constructed this summer and is expected to start providing

power in fall 2019.

Additional Renewable Energy Projects

This project joins the company’s other efforts to promote clean, renewable solar power,

including building and operating a 17-MW solar plant at a southern Indiana naval base,

purchasing up to 20 MW of solar power from four solar sites that generate up to 5 MW

each, and the recently approved 10-MW solar service pilot program.

In addition, Duke Energy is currently constructing 10 MW of battery storage facilities in

Indiana in the town of Nabb as part of the Camp Atterbury microgrid, which will also

include 2 MW of solar. The company is also funding $1.5 million in research at the

Battery Innovation Center at the Crane Naval Surface Warfare Center to study how

battery storage can maximize renewable power sources.

Other renewable programs include the company’s GoGreen Indiana program, which

gives customers the ability to support the development of green power sources.

Customers can purchase a minimum of two 100-kilowatt-hour (kWh) blocks of green

power for $1.80 per month. The 200-kWh commitment equates to about 20 percent of

an average residential customer’s energy use and helps to avoid 4,800 pounds of

carbon dioxide emissions each year.

And the current upgrade and modernization of the company’s nearly 50-year-old

Markland Hydro Station near Florence, Ind., along the Ohio River, will ensure our

customers can continue to reap the benefits of low-cost, carbon-free electric generation

for years to come.

Duke Energy Indiana

Duke Energy Indiana, a subsidiary of Duke Energy, provides about 6,600 megawatts of

owned electric capacity to approximately 840,000 customers in a 23,000-square-mile

service area, making it Indiana’s largest electric supplier.

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C.,

is one of the largest energy holding companies in the U.S. It employs 30,000 people

and has an electric generating capacity of 51,000 megawatts through its regulated

utilities, and 3,000 megawatts through its nonregulated Duke Energy Renewables unit.

Duke Energy News Release 3

Duke Energy is transforming its customers’ experience, modernizing the energy grid,

generating cleaner energy and expanding natural gas infrastructure to create a smarter

energy future for the people and communities it serves. The Electric Utilities and

Infrastructure unit’s regulated utilities serve approximately 7.7 million retail electric

customers in six states – North Carolina, South Carolina, Florida, Indiana, Ohio and

Kentucky. The Gas Utilities and Infrastructure unit distributes natural gas to more than

1.6 million customers in five states – North Carolina, South Carolina, Tennessee, Ohio

and Kentucky. The Duke Energy Renewables unit operates wind and solar generation

facilities across the U.S., as well as energy storage and microgrid projects.

Duke Energy was named to Fortune’s 2019 “World’s Most Admired Companies” list,

and Forbes’ 2019 “America’s Best Employers” list. More information about the company

is available at duke-energy.com. The Duke Energy News Center contains news

releases, fact sheets, photos, videos and other materials. Duke Energy’s illumination

features stories about people, innovations, community topics and environmental issues.

Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.

About Purdue Research Foundation

The Purdue Research Foundation is a private, nonprofit foundation created to advance

the mission of Purdue University. Established in 1930, the foundation accepts gifts;

administers trusts; funds scholarships and grants; acquires property; protects Purdue's

intellectual property; and promotes entrepreneurial activities on behalf of Purdue. The

foundation manages the Purdue Foundry, Purdue Office of Technology

Commercialization, Purdue Research Park and Purdue Technology Centers. The

foundation received the 2016 Innovation and Economic Prosperity Universities Award

for Innovation from the Association of Public and Land-grant Universities. For more

information about funding and investment opportunities in startups based on a Purdue

innovation, contact the Purdue Foundry at foundry@prf.org.

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