On June 12, 2023, Brookfield Renewable, one of the world’s largest publicly traded, pure‑play renewable power platforms, together with its institutional partners, announced that it has agreed to acquire Duke Energy Renewables, a fully integrated developer and operator of renewable power assets in the U.S., at an enterprise value of approximately $2.8 billion, including non‑controlling tax equity interests and the assumption of debt. Cravath is representing Brookfield Renewable in connection with the transaction.

The Cravath team is led by partners David J. Perkins and Matthew L. Ploszek and includes associates Adam M. Sanchez, Callum A.F. Sproule, Abhilasha Gokulan and Benjamin B. Deutsch on M&A matters; partner Matthew M. Kelly, of counsel Sarah F. Rosen and associates Courtney T. Seager and Brianna Pang Sawhney on financing matters; partner Lauren Angelilli and associates Kyle R. Jorstad and Christopher M. Winters on tax matters; partner Amanda Hines Gold, practice area attorney Aaron S. Cha and associate Anna Mikaelyan on executive compensation and benefits matters; partner Sasha Rosenthal‑Larrea and associates Ryan J. Wichtowski and Joanne Dynak on intellectual property matters; senior attorney Annmarie M. Terraciano and associate Star S. Gulant on environmental matters; and senior attorney Joyce Law and practice area attorney Lauren Piechocki on real estate matters.