星期三, 18 6 月, 2025
Home PV News Brookfield to create renewable energy heavyweight

Brookfield to create renewable energy heavyweight

Brookfield Asset Management (BAMa.TO) said on Tuesday it will merge the power generating assets of one of its units with Brookfield Renewable Power Fund (BRC_u.TO) to form one of the world's largest, listed renewable power businesses.


The combination of Brookfield Renewable Power Fund with the power assets of Brookfield Renewable Power Inc will create a business with 4,400 megawatts of installed power-generating capacity in Canada, the United States and Brazil.


The portfolio will include 168 hydroelectric generating stations on 67 river systems, and two wind farms. Another three wind farms and four hydro facilities are under construction.


"The combination of these two portfolios creates one of the world's largest pure-play renewable power platforms," said Richard Legault, chief executive of Brookfield's power operations.


The new entity, Brookfield Renewable Energy Partners LP, with approximately $13 billion of power generating assets, will have 265.2 million units outstanding and expects to establish an initial distribution of $1.35 per unit.


The deal is expected to add to the earnings of unitholders of Brookfield Renewable Power Fund and will likely increase annual distributable cash per unit by more than 10 percent on average over the next five years.


Units of Brookfield Renewable Power Fund were up C$1.15, or nearly 5 percent, at C$24.54 on the Toronto Stock Exchange on Tuesday morning.


 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

RWE 7.5MW/11MWh battery energy storage start commercial operation in Netherlands

Power generation firm RWE has put a BESS in the Netherlands into commercial operation, its first that is capable of providing inertia to the...

Gurīn Energy selects Saft’s battery energy storage system for first Japanese project

Saft, a subsidiary of TotalEnergies, has been selected by leading Asian renewable energy developer Gurīn Energy to supply a battery energy storage system (BESS)...

Swiss 1.6 GWh redox flow storage project starts to build

Flexbase Group has begun construction on what could become one of Europe’s largest flow battery storage installations, breaking ground on an 800 MW/1.6 GWh...

Analysis: UK’s solar power surges 42% after sunniest spring on record

The UK’s solar farms and rooftops generated more electricity than ever before in the first five months of 2025, as the country enjoyed its...