Duke Energy Offloads Commercial Distributed Generation Business To ArcLight For $364M
Portfolio Pulse from Akanksha Bakshi
Duke Energy Corp has agreed to sell its commercial distributed generation business to an affiliate of ArcLight Capital Partners for $364 million. The company expects to receive approximately $259 million from this transaction. The sale includes REC Solar operating assets, development pipeline, and O&M portfolio, and distributed fuel cell projects. This move supports Duke Energy's long-term regulated clean energy strategy.
July 05, 2023 | 1:22 pm
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Duke Energy's sale of its commercial distributed generation business to ArcLight Capital Partners could streamline its portfolio and support its clean energy strategy.
The sale of Duke Energy's commercial distributed generation business to ArcLight Capital Partners for $364 million is a strategic move that could streamline its portfolio and support its long-term regulated clean energy strategy. However, the impact on the company's stock price is uncertain as the market may have different interpretations of this move.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100