Brookfield Asset Management and India’s largest private sector enterprise, Reliance Industries, have made a landmark agreement, signing a Memorandum of Understanding (MoU), aimed at bringing renewable energy and decarbonization equipment manufacturing to Australia. The partnership hopes to speed up and reduce risks associated with Australia’s energy transition by enabling the local production of clean energy […]
American electric utility Duke Energy has signed a deal worth approximately $2.8 billion to offload its unregulated Commercial Renewables business to Brookfield Renewable. The consideration includes non-controlling tax equity interests and the assumption of debt. The sale, which will net Duke Energy around $1.1 billion after adjustments, forms part of a strategic initiative to bolster […]
Canadian uranium production company Cameco, Brookfield Renewable Partners and its institutional partners have jointly signed an agreement to acquire nuclear power company Westinghouse Electric in a deal worth $7.87bn. The US-based nuclear energy company will be bought from Brookfield Business Partners and its institutional partners. Currently, Westinghouse Electric services nearly half the nuclear power generation […]
Tata Power Solar, a fully-owned subsidiary of Tata Power, has commissioned a 450MWDC solar power plant in Rajasthan for Brookfield Renewable India. The solar power plant features more than 800,000 modules and was wrapped up within a timeframe of seven months. Dr. Praveer Sinha — CEO and MD of Tata Power said: “We are pleased […]
Funds managed by Ares Management’s Alternative Credit strategy and Real Estate Group have purchased Capital Automotive from a private real estate fund of Brookfield for $3.8 billion. Capital Automotive, which is based in McLean, Virginia, is a real estate company that offers automotive dealers in the US and Canada customized, sale-leaseback capital to help them […]
