Duke Commercial Distributed Generation — REC Solar operating assets + development pipeline + O&M portfolio + Bloom Energy fuel cell projects
ArcLight Capital acquired Duke Energy's commercial distributed generation business including REC Solar (commercial solar developer/operator) and Bloom Energy O&M portfolio. Companion divestiture to Duke's separate $2.8B utility-scale renewables sale to Brookfield Renewable.
$364M
Deal Value
Solar
Technology
Multi-state
Location
Deal Details
- Deal Type
- Corporate M&A
- Seller / Sponsor
- Duke Energy
- Buyer / Financier
- ArcLight Capital Partners
- Deal Value
- $364M EV (~$259M net to Duke)
- Stage
- Operating + Development
- ISO/RTO
- Multiple
- Source
- Duke Energy
Related Deals
ArcLight Capital Partners Infrastructure Fund VIII — $3.9B Final Close (30% above $3.0B target)
ArcLight Capital Partners
$3,900,000,000
ArcLight Infrastructure Partners Fund VIII — $3.9B final close (exceeded $3.0B target; focuses on power generation, transmission, solar, wind, battery storage, hydro, gas, electric and gas T&D)
ArcLight Capital Partners
$3,900,000,000
Duke Energy Commercial Renewables — 5,900 MW operating + under construction wind, utility-scale solar, and storage assets across the US
Duke Energy → Brookfield Renewable
$2.8B (enterprise value, includes assumed debt + non-controlling tax equity)
Platform investment supporting development and financing of 3 GW of clean energy infrastructure
Pine Gate Renewables → Generate Capital, HOOPP, HESTA
$650M
$520M growth equity for community solar platform — supports multi-GW pipeline across US
Nexamp
$520M
Enel Green Power NA geothermal and solar portfolio — Cove Fort (UT), Stillwater & Salt Wells (NV), solar assets (CT)
Enel Green Power North America → Ormat Technologies
$271M
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.