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DTE Energy breaks ground on three new solar parks, all funded by company's MIGreenPower program
DTE EnergyDTE Energy(US:DTE) GlobeNewswire News Roomยท2024-09-26 12:13

Core Insights - DTE Energy has initiated the construction of three new solar parks in Michigan, responding to increasing customer demand for renewable energy [1][2] - The six solar parks under development will collectively add 800 megawatts to DTE's renewable energy capacity, sufficient to power over 220,000 homes [2] - DTE aims to achieve net zero carbon emissions and meet Michigan's renewable energy standard of 60% by 2035 [2][3] Company Developments - DTE Energy's CleanVision MIGreenPower program has attracted nearly 100,000 residential and 1,900 business customers, facilitating the transition to clean energy [3] - The company plans to generate enough renewable energy to power approximately 5.5 million homes by 2042, with an additional 2,400 megawatts of wind and solar energy planned [3] - Since 2009, DTE's renewable energy initiatives have created an estimated 20,000 local jobs and provided significant tax revenue to host communities [4] Economic Impact - DTE's investments in renewable energy are contributing to cleaner energy access and strengthening Michigan's economy [4] - The tax revenue generated from DTE's wind and solar parks supports essential community services such as roads, schools, and first responders [4] - The company's commitment to sustainability is reflected in its partnerships with businesses like DENSO, which aim for carbon neutrality by 2035 [4]