New Energy
Duke Sees ‘Robust Market’ for Sale of $4 Billion Renewable Unit
- Review is part of utility trend to focus on regulated business
- Proceeds would be used mostly for debt repayment and avoidance
The Duke Energy solar project in Andrews County, Texas.
Photographer: Matthew Busch/BloombergThis article is for subscribers only.
Utility giant Duke Energy Corp. is planning to spin off its $4 billion US solar and wind portfolio in what would be one of the nation’s biggest renewable sales ever.
The potential move comes as Duke builds more clean power generation within its regulated business. Its unregulated commercial renewables operation consists of over five gigawatts of wind and solar farms across the US, but primarily in the western US, far from the company’s regulated customers.