Duke Energy has completed the sale of a large minority interest in its commercial US wind and solar project portfolio to a fund owned by John Hancock, whose parent in Toronto-based Manulife.
Financial terms of the transaction were not made public. The Charlotte Business Journal reported that the John Hancock Infrastructure Fund paid $1.25bn for a 49% share in 19 wind projects including No Trees with associated battery storage, and 33% to 49% in 21 solar PV farms.
