Duke Energy To Sell Renewable Energy Assets For $2.8 Billion ...Middle East

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Duke Energy To Sell Renewable Energy Assets For $2.8 Billion
source : OILPRICE ( Middle East ) () 37
Duke Energy has struck a deal to sell its unregulated Commercial Renewables business to Brookfield Renewable—a wind and solar power asset operator. The deal is worth $2.8 billion but net proceeds will be a lot lower, at $1.1 billion. Duke will use the money to grow its other wind and solar business with plans to incorporate over 30 GW of regulated capacity into its system over the next 12 years, the company said in a news release. "This sale is an important step in our transition into a purely regulated company with significant grid and clean…

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