CHARLOTTE, N.C., Oct. 25,
2023 /PRNewswire/ -- Deriva Energy, a leading
operator and developer of clean power projects in the United States, made its debut today.
Deriva is the new name for Duke Energy's unregulated commercial
renewables business, which was acquired by Brookfield in a
transaction announced on June 12,
2023, and completed on October 25,
2023.
Deriva Energy, a leading operator and
developer of clean power projects in the
United States, made its debut today.
Chris Fallon, President of Deriva
Energy, said: "Today is a significant milestone for our business
and opens an exciting new chapter in our history. We are now an
independent developer, owner, and operator of clean energy
projects, with the backing of Brookfield, one of the world's
largest owners and operators of renewable power. As part of
Brookfield, we have access to capital for growth and a wealth of
operating expertise, which will enable us to continue our
leadership in clean energy for many years to come."
Brookfield is one of the world's largest owners and operators of
renewable power plants, with approximately 90,000 megawatts of
combined operating and pipeline capacity across all major U.S.
power grids.
About Deriva Energy
Deriva Energy is an established leader in clean energy, with
5,900 megawatts of operating and under construction wind, utility
scale solar and storage assets across the U.S. Formerly known as
Duke Energy Renewables, Deriva is a portfolio company of
Brookfield, one of the world's largest owners and operators of
renewable power and climate transition assets. Deriva is
headquartered in Charlotte, North
Carolina. For more information, visit:
www.DerivaEnergy.com.
About Brookfield
Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a
leading global alternative asset manager with $850 billion of assets under management across
renewable power and transition, infrastructure, private equity,
real estate, and credit. We invest client capital for the long-term
with a focus on real assets and essential service businesses that
form the backbone of the global economy. We offer a range of
alternative investment products to investors around the world —
including public and private pension plans, endowments and
foundations, sovereign wealth funds, financial institutions,
insurance companies and private wealth investors. We draw on
Brookfield's heritage as an owner and operator to invest for value
and generate strong returns for our clients, across economic
cycles.
Brookfield Renewable
Brookfield operates Brookfield Renewable Partners (NYSE: BEP,
TSX: BEP), one of the world's largest publicly traded, pure-play
renewable power platforms, with approximately 31,300 megawatts of
installed renewable energy capacity and a development pipeline of
approximately 134,400 megawatts of renewable power assets, 13
million metric tonnes per annum ("MMTPA") of carbon capture and
storage, 3 million tons of recycled material and 4 million metric
million British thermal units of renewable natural gas production
annually.
Contact:
press@DerivaEnergy.com
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SOURCE Deriva Energy