deals

Duke Energy has agreed to sell its clean power arm to Brookfield Renewable in a deal valued at US$2.8 billion.

The University of Arkansas has announced a 25-year “solar service agreement” with Entegrity to supply a research facility with solar power.

Arctech has signed an agreement to provide solar trackers for 242MW of an upcoming solar facility in the Indian state of Rajasthan.

Heron has signed PPAs with Meton Energy, which will add three new solar projects with an annual production of 192GWh to Heron’s portfolio.

Nobel Energy has signed a memorandum of understanding with Azerbaijan to develop a 400MW solar project in the western exclave of Nakhchiva.

Spanish power company Iberdrola and the sovereign fund of Norway will invest in 1.3GW of renewable capacity in Spain.

Kenyan solar power company Sun King and investment bank Citi have partnered on a US$130 million securitisation deal.