Duke Energy finds a buyer for its commercial-scale renewables business

After agreeing to sell its utility-scale renewables business to Brookfield, Duke has now found a buyer for its distributed generation business. ArcLight Capital Partners, a middle market infrastructure investor, will purchase the DG business for $364 million, inclusive of non-controlling tax equity interests. Duke Energy expects approximately $259 million of …

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First Major Solar Power Plant Takes Shape In Azerbaijan

Azerbaijan has begun installation of solar panels at its 230 MW Garadagh plant, the country’s first major solar power plant. Developed by United Arab Emirates-based renewable energy company Masdar, the plant is expected to be operational by the end of this year, producing 500 gigawatt hours (GWh) annually. Azerbaijan has …

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