Green Touch Builders | Duke Energy buys majority stake in REC Solar
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February 9, 2015 By SEO Admin

Duke Energy buys majority stake in REC Solar

Duke Energy Renewables plans to invest $225 million over the next several years in building and operating solar projects for commercial customers after purchasing a majority stake in Southern California solar company.

Duke Renewables and REC Solar of San Luis Obispo declined to provide the financial details of the purchase. But Duke will use the $225 million to purchase about half of the projects REC Solar develops in the next several years.

Mark Manly, head of Duke Energy Corp.’s (NYSE:DUK) unregulated,…