Singapore’s sovereign wealth fund, GIC, agreed to buy a $2.05 billion minority stake in a Duke Energy Corp. unit, allowing the utility to forgo a planned equity raise as power companies nationwide prioritize renewable-energy development Selling a 19.9% stake in its Indiana unit will help Duke pay for its increased $58 billion to $60 billion […]
Duke to sell stake in solar, wind and storage portfolio to John Hancock
North Carolina-headquartered utility Duke Energy has agreed to sell a minority stake in a roughly 1.2GW portion of its renewable energy portfolio to the John Hancock Infrastructure Fund (JHIF) and John Hancock Life Insurance Company (U.S.A), for US$1.25 billion. The portfolio, that includes solar, wind and energy storage assets, is owned and operated by company […]
