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Renewables
Kent Knutson
Kent Knutson
Top Contributor
 · Posted in Renewables

Duke Energy to sell commercial distributed generation business to ArcLight for $364 million

Duke Energy has agreed to sell its commercial distributed generation business to an affiliate of ArcLight Capital Partners, LLC for an enterprise value of $364 million. The distributed generation business being sold includes REC Solar operating assets, development pipeline and O&M portfolio, as well as distributed fuel cell projects managed by Bloom Energy. Duke recently announced plans to sell a 3.4 GW portfolio of solar, wind and battery storage projects to Brookfield Renewables for $2.8 billion. The company's recent renewable asset sales have been part of their unregulated businesses. Going forward, the company intends to focus on its regulated assets.