Duke Energy, one of the largest electric power holding companies in the United States, recently finalized the sale of its commercial distributed generation portfolio. The transaction involved transferring the portfolio to an investment fund managed by ArcLight Capital Partners LLC, a prominent middle market infrastructure investment firm.

This sale, which had initially been announced on July 5, encompasses numerous assets. Included in the agreement are REC Solar’s operating assets, development pipeline, and O&M portfolio, as well as distributed fuel cell projects overseen by Bloom Energy. By divesting its distributed generation business, Duke Energy aims to strategically streamline its operations and focus on its core activities.

For ArcLight Capital Partners, the acquisition of Duke Energy’s distributed generation business marks a significant step in the firm’s commitment to expanding its renewable energy presence. As part of its broader vision, ArcLight seeks to develop robust standalone renewable platforms that contribute to sustainable infrastructure growth.

In ensuring a smooth transition, Duke Energy’s employees associated with the distributed generation business will be transferred to ArcLight. This move aims to provide continuity for both operations and customers, fostering uninterrupted services and outstanding customer experiences.

Disclaimer: The information provided in this research report is for informational purposes only and should not be interpreted as financial or investment advice. The solar energy market is highly volatile, and readers should conduct thorough research before making any investment decisions.