Duke Energy Takes Equity Stake in REC Solar, Embraces Distributed Generation

The largest utility in the U.S. is doubling down on distributed solar by taking an equity stake in commercial solar developer, REC Solar. The companies announced today that Duke will now own a majority stake of REC Solar and that together they will make it easier for commercial customers to go solar. In 2013, Duke Energy invested in Clean Power Finance, a company that provides financial services and software to the distributed solar industry.