Duke Energy Acquires Remaining Stake in REC Solar

Published: Dec 06 2017
Deal Summary

Duke Energy Corporation (Duke Energy), an integrated power company, has acquired remaining minority interest in REC Solar, Inc., a renewable energy company, in a cash transaction.

Following the acquisition, REC Solar will be managed as an independent business unit of Duke Energy Renewables, and will continue to be a part of Duke Energy Renewables. Duke Energy’s experience in offsite solar and wind energy generation, microgrid, battery storage and other emerging technologies, will supplement REC's onsite solar expertise.

Earlier on February 9, 2015, Duke Energy acquired a majority stake in REC Solar.

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