Duke Energy launches strategic review of commercial renewables - Infralogic

Sep. 27, 2022 11:20 AM ETDuke Energy Corporation (DUK)By: Carl Surran, SA News Editor7 Comments

Solar and wind power


Duke Energy (NYSE:DUK) has initiated a strategic review of its commercial renewables business, and pension funds, private equity and infrastructure investors are evaluating potential bids in the first round, Infralogic reported Tuesday.

The portfolio reportedly comprises 4.1 GW of net ownership, including 2.2 GW of wind and 1.9 GW of solar, plus a small storage component and a 10 GW go-forward pipeline.

Morgan Stanley and Wells Fargo are advising on the process, according to the report.

Duke Energy (DUK) executives said in August they were considering a potential sale of its commercial renewables business and would use proceeds for debt repayment and avoidance.

Duke Energy (DUK) is "my favorite defensive dividend stock," Leo Nelissen writes in a bullish analysis published on Seeking Alpha.

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