Duke Energy completes purchase of commercial scale clean-energy company

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Duke Energy Corp. has purchased the minority share of California-based REC Solar it did not already own to expand its offerings for clean energy offerings for commercial and industrial companies. Duke is not disclosing the financial details of the purchase, just as it did not disclose the purchase price for its initial investment in REC Solar. Duke Energy Renewables acquired a majority stake in REC Solar in 2015. Matt Walz, a Duke Renewables exec who has been CEO of REC since 2016, says the plan...

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