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Top related persons:
Duke - 1 Lynn Good - 1 Tanay - 1 Shilpi Majumdar - 1
Top related locs:
United States Bengaluru
Top related orgs:
Duke Energy - 1 ArcLight Capital Partners - 1 REC - 1 Bloom Energy - 1 Electric - 1 Duke - 1 Thomson - 1

Search resuls for: "ArcLight Capital Partners"


2 mentions found


☆ Duke Energy to sell distributed generation portfolio in $364 million deal
  + stars: | 2023-07-05 | by ( ) www.reuters.com   time to read: +1 min
July 5 (Reuters) - Utility firm Duke Energy (DUK.N) said on Wednesday it would sell its commercial distributed generation business to private equity firm ArcLight Capital Partners in a $364 million deal. The business includes operating assets of REC Solar, which Duke had acquired in 2015, development pipeline and operations and maintenance portfolio, as well as distributed fuel cell projects managed by Bloom Energy (BE.N). Duke said it expects about $259 million of proceeds from this sale, which the company would use to help incorporate more than 30,000 megawatts of regulated renewable energy into its system by 2035. Electric utilities in the United States are streamlining their operations to shift away from fossil fuels toward cleaner energy sources, including solar and wind, to meet climate goals. "The sale of commercial renewables businesses streamlines our portfolio and provides the resources to support our growing regulated territories," said Duke President and CEO Lynn Good.
Persons: Duke, Lynn Good, Tanay, Shilpi Majumdar Organizations: Duke Energy, ArcLight Capital Partners, REC, Bloom Energy, Electric, Duke, Thomson Locations: United States, Bengaluru
☆ CERAWEEK-Renewable energy investors squeezed by higher interest rates, costs
  + stars: | 2023-03-10 | by ( Isla Binnie David French | Isla Binnie | David French | ) www.reuters.com   time to read: +4 min
REUTERS/Nathan Frandino//File PhotoNEW YORK/HOUSTON, March 10 (Reuters) - Corporations and investors have been pouring money into renewable energy projects, seeing an opportunity to grasp the Holy Grail of socially conscious investing: do good while doing well. But sharply higher interest rates have further stressed a model strained by soaring prices for steel and silicon, vital for wind turbines and solar panels. Higher costs have buyers and sellers of renewable power projects recalculating potential returns, hampering fundraising and mergers and acquisitions (M&A). A decade of low interest rates meant borrowers could raise cheap debt to build projects and juice returns. Financial investors traditionally took stakes in operating renewables projects to avoid risks of construction delays and ensure stable returns.
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