Duke power (New York inventory market :duke) has launched a strategic assessment of its renewable power enterprise, and pension funds, non-public fairness buyers and infrastructure are evaluating potential first-round offers, Infralogic reported Tuesday.

The portfolio would come with 4.1 GW of internet possession, together with 2.2 GW of wind and 1.9 GW of photo voltaic, plus a small storage part and a ten GW pipeline.

Morgan Stanley and Wells Fargo are advising on the method, in accordance with the report.

Duke power (duke) frames mentioned in august they have been contemplating a possible sale of his renewable power enterprise and would use the proceeds for debt compensation and avoidance.

Duke power (duke) is “my favourite defensive dividend inventory,” writes Leo Nelissen in a bullish evaluation printed on Searching for Alpha.