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Duke Energy Renewables Sells 1.2gw Minority Interest In Its Wind And Solar Portfolio

by greentechmedia.com posted 3months ago 15 views
Duke Energy Renewables, the competitive renewables arm of U.S. utility giant Duke Energy, has agreed to sell insurer John Hancock a minority share of its wind and solar portfolio, amounting to 1.2 gigawatts of generation capacity and $1.25 billion in enterprise value. Wednesday’s deal with the John Hancock Infrastructure Fund and John Hancock Life Insurance Co. will give the buyer a 49 percent stake in 37 of Duke’s operating wind, solar and battery storage assets and a 33 percent stake in an additional 11 operating solar assets across the country.

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