NewQ1 2026 Clean Energy Deal Intelligence Report is live
M&AAnnouncedAugust 5, 2025

Duke Energy Florida — regulated utility serving 2.1M customers (~12.5 GW); 19.7% non-controlling equity interest

Brookfield invests $6B for 19.7% non-controlling stake in Duke Energy Florida via Super-Core Infrastructure. Duke retains 80.3% and continues operating. Largest utility minority stake transaction of 2025. $2B funds expanded $87B 5-year capital plan; $4B refinances holdco debt. Subject to FERC, CFIUS, NRC approvals. Foreshadows infrastructure-investor playbook for funding utility data center growth in fast-loading service territories. Kirkland & Ellis advised Brookfield.

$6.00B

Deal Value

12,500MW

Capacity

Hybrid

Technology

FL

Location

Deal Details

Deal Type
Corporate M&A
Seller / Sponsor
Duke Energy Corporation (retains 80.3%)
Buyer / Financier
Brookfield Asset Management (Super-Core Infrastructure)
Deal Value
$6.0B (phased: $2.8B Q1 2026 + $200M end-2026 + $2B 2027 + $1B 2028)
Stage
Operating
ISO/RTO
FRCC

Service Providers

Advisory & Legal

Buyer Counsel
Kirkland & Ellis

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