Duke Energy assumes full ownership of California-based REC Solar
Post date: 07/12/2017 - 11:51
North Carolina-based utility Duke Energy Corp. has acquired full ownership of California-based solar installer REC Solar Inc. Duke Energy first acquired a majority interest in REC Solar in February of 2015. Duke Energy purchased the remaining shares of REC Solar in a cash transaction. The company will be managed as an independent business unit of Duke Energy Renewables, Duke Energy’s commercial renewables organization.