Duke Energy Commercial Renewables — 5,900 MW operating + under construction wind, utility-scale solar, and storage assets across the US
Brookfield Renewable acquires Duke Energy's unregulated utility-scale Commercial Renewables business. $2.8B EV with ~$1.1B net cash proceeds to Duke. Closed October 25, 2023 — rebranded as Deriva Energy. 5,900 MW operating + under construction. 3.4 GW operating capacity. Operations remained in Charlotte, NC. Among the largest US clean energy platform M&A of 2023.
$2.80B
Deal Value
5,900MW
Capacity
Hybrid
Technology
Multi-state
Location
Deal Details
- Deal Type
- Corporate M&A
- Seller / Sponsor
- Duke Energy
- Buyer / Financier
- Brookfield Renewable
- Deal Value
- $2.8B (enterprise value, includes assumed debt + non-controlling tax equity)
- Stage
- Operating + Construction
- ISO/RTO
- Multiple
- Source
- Duke Energy
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