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
Whoa. Let’s take a step back. Is it really either A or B?
You could on the side of the morons, those incapable of any level of critical thinking, like the author of the meme here.
The United States seems set on propelling itself backwards.
Maybe, as they say, “Hell has a special place reserved in it” for people like Thom Tillis, Republican Senator from North Carolina, who enabled Trump to rape and destroy the United States.
That was until it became clear to Tillis that he could jump ship, write a scathing book about the president, get all over mainstream news promoting it, and go on to enjoy another chapter of political success.
That we Americans are so stupid that we accept this blatant hypocrisy and criminality is sad proof that we’re not the people we were 20 years ago. Maybe what many people are saying are correct: we deserved what we got.
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