Brookfield’s acquisition of Duke Power’s unregulated business renewables enterprise wrapped up this week, and with it the Deriva Power model has been established.
“Immediately is a big milestone for our enterprise and opens an thrilling new chapter in our historical past,” says Chris Fallon, president of Deriva Power. “We are actually an unbiased developer, proprietor and operator of unpolluted vitality tasks, with the backing of Brookfield, one of many world’s largest house owners and operators of renewable energy.”
Fallon had served as president of Duke Power Sustainable Options since 2021.
“As a part of Brookfield, we now have entry to capital for progress and a wealth of working experience,” he provides.
Brookfield has roughly 90 GW of mixed working and pipeline renewable vitality capability throughout all main U.S. energy grids.
