Duke Energy sells a interest on 1.2 GW renewables assets (US)

10 Sep 2019

US power utility Duke Energy's affiliate, Duke Energy Renewables, has completed the sale of a minority interest in a portion of its renewable energy portfolio totalling 1.2 GW to the John Hancock Infrastructure Fund (JHIF). JHIF will now own 49% of 37 operating wind power plants, solar + battery energy storage systems (BESS) and 33% of 11 solar PV facilities. The transaction is estimated to be worth US$1.25bn (including proportional existing project-level debt).

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