Main renewable power consultancy and repair supplier, Pure Energy, offered technical due diligence for Brookfield Renewable, one of many largest clear power buyers, in help of its acquisition of Duke Vitality Renewables for $2.8 billion .
Jim Adams, President of Pure Energy’s North America Operations, stated: “Pure Energy is proud to help Brookfield as soon as once more in its Duke Vitality Renewables funding determination. We’re seeing an unprecedented stage of curiosity in renewables M&A transactions, fueled by incentives underneath the Inflation Discount Act. Pure Energy is happy to supply important intelligence to help this determination.”
Duke’s portfolio consists of greater than 5,900 MW of working and underneath building wind, photo voltaic, and battery storage belongings, and a pipeline of greater than 6,100 MW underneath growth. The sale helps Duke’s shift to a concentrate on regulated utility and grid infrastructure.
“With this acquisition, we’re including a scale working renewable platform situated in very enticing markets that we anticipate to instantly contribute to significant money circulate with important upside from potential asset repowering and synergies. We’re additionally rising our pipeline of renewable growth tasks, strengthening our place as one of many largest renewable power companies within the US with almost 90,000 megawatts of working and growth belongings,” stated Connor Teskey, CEO of Brookfield Renewables.
From its three US workplaces in New York, Seattle and the Denver space, the Pure Energy crew helps a wide range of purchasers together with institutional buyers and banks, builders, asset homeowners, energy producers and utilities, in addition to authorities organizations, which ship companies all through the area and past. Thus far, the US Pure Energy group has delivered technical advisory companies to greater than 100GW of renewable power tasks. Discover out extra right here www.naturalpower.com/uk/experience/service/advisory/due-diligence