John Hancock Life Insurance’s $415 Million Acquisition Of A Minority Interest In A Commercial Renewable Energy Portfolio From Duke Energy


Mayer Brown advised John Hancock Life Insurance Co., U.S.A. on its $415 million acquisition of a minority interest in a commercial renewable energy portfolio owned by Duke Energy.

With this acquisition, John Hancock will acquire a minority interest in entities holding approximately 1.2 GW of wind, solar and battery storage assets. John Hancock will also have the right to acquire a minority interest in certain additional wind and solar projects in the future.

John Hancock Life Insurance Co., U.S.A. is a division of Manulife Financial Corporation and one of the largest life insurers in the US.

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables.

The team was led by Corporate & Securities partner Thomas Moore (Picture) and included: Tax Transactions & Consulting – partner Jeff Davis and associate Isaac Maron (both Washington DC); Banking & Finance – partner Andrew Young (Washington DC); Corporate & Securities – associate Federica Castro (Houston); and Government & Global Trade – partner Tim Keeler and associate Tim Lee (both Washington DC).

Involved fees earner: Federica Castro – Mayer & Brown; Jeffrey Davis – Mayer & Brown; Timothy Keeler – Mayer & Brown; Timothy Lee – Mayer & Brown; Isaac Maron – Mayer & Brown; Thomas Moore – Mayer & Brown; Andrew Young – Mayer & Brown;

Law Firms: Mayer & Brown;

Clients: John Hancock Life Insurance Company;

Author: Ambrogio Visconti