Duke Narrows Renewable Focus with Asset Sale to Brookfield
Attachment: Duke-Brookfield 0623
Researched by Industrial Info Resources (Sugar Land, Texas)--Duke Energy Corporation (NYSE:DUK) is focusing its renewable-energy efforts on the growth of its regulated businesses, following its agreement earlier this week to sell its unregulated Commercial Renewables business to Brookfield Renewable Partners LP (NYSE:BEP) (Toronto, Ontario) for $1.05 billion. Duke aims to become "a purely regulated company with significant grid and clean-energy investment plans," according to its chief executive officer.
Industrial Info is tracking more than $4.3 billion worth of renewable-energy projects from Duke, and about $2.7 billion from Brookfield. Duke aims to incorporate more than 30,000 megawatts (MW) of regulated renewable energy into its system by 2035. The bulk of its investments are in the Mid-Atlantic and Southeastern regions of the U.S.
Other companies featured: First Solar Incorporated (NASDAQ:FSLR)
