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Brookfield Renewable has agreed to acquire Duke Energy Renewables.
Duke Energy Renewables is a fully integrated developer and operator of renewable power assets in the U.S. with 5,900 megawatts of operating and under construction wind, utility-scale solar, and storage assets and a 6,100 megawatt development pipeline. Brookfield Renewable will acquire the company for $1.05 billion in equity proceeds (approximately $265 million net to Brookfield Renewable).