Brookfield Asset Management closes US$6 billion deal with Duke Energy
The investment company Brookfield Asset Management has announced its acquisition of a stake in the Florida-based company Duke Energy. This acquisition will enable Brookfield to expand its portfolio and strengthen its position in a high-potential market.
Under the terms of the agreement, Brookfield will purchase 19.7% of Duke Energy’s shares for US$6 billion. The acquisition involves a full cash payment.
Purchasing a stake in the Florida-based energy company is part of Brookfield’s 2028 strategy. This strategy involves investments in infrastructure assets. Brookfield is primarily interested in stable energy sector projects.
For Duke, this deal is beneficial in that it will help the company attract financing. The funds received will significantly expand the business development investment plan in Florida, designed to last until 2029. Initially, the program was expected to require US$4 billion in investments. However, the sale of the stake increased the amount to US$16 billion.
The deal is due to close in early 2026. It is currently under review by the relevant authorities, including the Federal Energy Regulatory Commission (FERC). Approval must also be given by CFIUS, the body that regulates foreign investment.
Market trends
Notably, Duke Energy was the last of the major energy companies to sell its stake. Many competitors have long attracted investment from private funds in exchange for financial support. These trends are driven by several factors, including:
1. Increased demand for energy consumption as a result of the active development of innovation and AI.
2. The global economy’s transformation towards carbon neutrality.
3. Climate change is stimulating the wider use of electrical devices and equipment.
4. The need for industry representatives to expand infrastructure, which requires substantial investment.
Deals with investment companies allow companies to obtain investments without having to issue new shares on the stock market.
In 2025, American Electric Power sold some of its shares to KKR & Co. and PSP Investments. A similar deal took place in 2023 between FirstEnergy and Brookfield.
Paul Patterson of Glenrock Associates has noted a steady trend in the market. According to Patterson, even investment firms that have not previously worked in this sector are showing a great deal of interest in energy assets.
There is particularly high demand for companies in Florida, where electricity consumption has increased sharply. This is due to rapid population growth. Florida ranks second in the U.S. in terms of growth rate, behind only Texas. The additional demand can be explained by the active development of residential and commercial infrastructure. This creates a stable market for investing in regional energy companies.
