The company plans to acquire three projects which include the 65MW Warsaw solar facility in Duplin County, 40MW Elm City solar facility in Wilson County and 23MW Fayetteville solar facility in Bladen County.

This is part of the company’s $500m solar expansion unveiled in September 2014, which totals 278MW of new capacity.

Construction of the facilities is likely to commence in early 2105 with planned completion by the year-end.

Duke Energy senior vice president for distributed energy resources Rob Caldwell said: "These projects will help provide significant amounts of cost-effective renewable energy to benefit our customers, comply with our state obligations and provide meaningful investments in the communities we serve."

Strata Solar will serve as the engineering, procurement and construction (EPC) contractor for the Warsaw facility, which will feature First Solar-manufactured solar panels.

First Solar will be responsible for the supply of Series-4 thin-film solar panels and will serve as the EPC contractor for the Elm City facility.

Additionally, Phoenix Solar will be the EPC contactor for the Bladen County project, which will use solar panels manufactured by Yingli Solar.