Reliance Industries, Brookfield sign MoU to boost Australia’s renewable energy sector

Reliance Industries, Brookfield sign MoU to boost Australia’s renewable energy sector

Brookfield Asset Management and India’s largest private sector enterprise, Reliance Industries, have made a landmark agreement, signing a Memorandum of Understanding (MoU), aimed at bringing renewable energy and decarbonization equipment manufacturing to Australia. The partnership hopes to speed up and reduce risks associated with Australia’s energy transition by enabling the local production of clean energy […]

Duke Energy to divest commercial renewables business to Brookfield Renewable in $2.8bn deal

Duke Energy to divest commercial renewables business to Brookfield Renewable in $2.8bn deal

American electric utility Duke Energy has signed a deal worth approximately $2.8 billion to offload its unregulated Commercial Renewables business to Brookfield Renewable. The consideration includes non-controlling tax equity interests and the assumption of debt. The sale, which will net Duke Energy around $1.1 billion after adjustments, forms part of a strategic initiative to bolster […]