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 […]
Duke Energy has signed a deal worth $2.05 billion to sell a 19.9% stake in its Indiana electric utility subsidiary – Duke Energy Indiana (DEI) to an affiliate of Singapore’s sovereign wealth fund GIC Private. The electric power holding company will retain a majority stake of 80.1% in Duke Energy Indiana, while continuing its operations. […]
Duke Energy has officially inaugurated the 1,640MW Citrus County power plant in Florida, which has been built with an investment of $1.5 billion. Citrus County power plant The gas-fired combined cycle Citrus County power station was fully commissioned in late 2019 after the second unit was placed into operations. The first unit of the Citrus […]