Duke Energy has completed the sale of its commercial distributed generation portfolio to an investment fund managed by ArcLight Capital Partners LLC, a middle market infrastructure investment firm.
The sale agreement, which was previously announced in July 5, includes REC Solar’s operating assets, development pipeline and O&M portfolio, as well as distributed fuel cell projects managed by Bloom Energy.
ArcLight’s acquisition of the distributed generation business further expands the firm’s focus on developing strong standalone renewable platforms across the infrastructure sector.
Employees of the distributed generation business will transition to ArcLight to maintain business continuity for its operations and customers.
BofA Securities Inc. is serving as the financial advisor, and Mayer Brown LLP is serving as the legal counsel to Duke Energy for this transaction. Scotia is serving as the financial advisor, and Kirkland & Ellis is serving as the legal counsel to ArcLight.
Photo by Markus Spiske on Unsplash
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Duke Energy Closes Sale of Commercial Distributed Generation Portfolio
There are many countries around the globe whose people have a deep and honest concern for the wellbeing of their planet and its civilization. As shown at left, Costa Rico is most certainly among them.
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It was just 25 years ago that the whole world embraced the United States and shared our grief after 9/11.
We’ve taken all that kinship and discarded it as if it were a soiled paper towel.
Hillary Clinton was among the best-qualified presidential candidates this nation has ever had.
It’s a tragedy that the U.S. chose a cheesy conman over her to lead this formerly great country.
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