Duke Energy in $2.8 Billion Deal with Brookfield Renewable for Commercial Renewables Business Updated On Tue, Jun 13th, 2023 by Saurenergy A key US electricity distributor and generator, Duke Energy has announced reaching reached an agreement to sell its unregulated utility scale commercial renewables business to Brookfield Renewable for $2.8 billion. Brookfield is one of the world’s largest owners and operators of renewable power and climate transition assets. Duke Energy’s expected net proceeds from this transaction […] Read more
Indian Renewable Firm CleanMax Raises $360M From Brookfield Updated On Thu, Jun 1st, 2023 by Saurenergy Indian renewable energy company CleanMax today announced raising an equity fund from Brookfield Renewable through the Brookfield Global Transition Fund (BGTF). The BGTF focuses on investments accelerating the global transition to a net-zero carbon economy while delivering strong risk-adjusted returns to investors. This funding of USD 360 million is a mix of primary and secondary. […] Read more
Avaada Group Formally Confirms Raising US $1 Bn Funding for Augmenting Renwables from Brookfield Updated On Wed, Apr 26th, 2023 by Saurenergy Avaada Group has formally announced that it has raised US $ 1.07 billion to fund its green hydrogen and green ammonia ventures in India as a part of its ongoing US$ 1.3bn fund raise plan. Brookfield Renewable, through its Brookfield Global Transition Fund (BGTF) will be investing up to US $ 1 billion in Avaada […] Read more
Canada’s Brookfield Invests $2 Billion in Scout Clean Energy, Standard Solar Updated On Mon, Oct 3rd, 2022 by Saurenergy Brookfield Renewable, which owns, operates and develops renewable power, together with its institutional partners, has announced two investments in the US renewable energy sector. Brookfield will acquire Scout Clean Energy for $1 billion with the potential to invest an additional $350 million to support the business’ development activities. It also announced the closing of its […] Read more
Amazon Scales Up Green Ambitions In India, 3 Solar Plants of 420 MW Planned In Rajasthan Updated On Thu, Sep 22nd, 2022 by Saurenergy In a development indicative of the strong shift at corporate level towards green energy, Amazon in India has signed three separate deals for a total of 420 MW for powering its operations in India. Additionally, Amazon has also announced 23 new solar rooftop plants across its fulfillment centres in India, which will account for an […] Read more
Brookfield Renewable Invests $3 Billion In Growth Initiatives In Second Quarter Updated On Tue, Aug 9th, 2022 by Saurenergy Brookfield Renewable Partners has reported financial results for the three and six months ended June 30, 2022. The Canada-based company has held that it had invested heavily for the growth of the businesses. Connor Teskey, CEO of Brookfield Renewable, declared, “The business performed well this quarter, as we delivered strong financial results, commissioned 1,000 megawatts […] Read more
Brookfield Renewable Buys Urban Grid, Triples US Pipeline to 31GW Updated On Wed, Feb 9th, 2022 by Saurenergy Bermuda-headquartered Brookfield Renewable, which owns and operates renewable power assets, has acquired clean power developer Urban Grid and its pipeline of projects comprising approximately 13 GW of utility-scale solar and 7 GW of energy storage capacity for $650 million. The addition of Urban Grid’s projects approximately triples Brookfield Renewable’s U.S. development pipeline to approximately 31 […] Read more
ACME Signs Deal With Brookfield Renewable for 450MW Solar Project Updated On Tue, Jun 22nd, 2021 by Saurenergy One of the largest solar power developers in India, ACME Solar Holdings Ltd. has announced signing a deal with Brookfield Renewable, an owner and operator of renewable assets, for a 450 MW solar power project in Rajasthan, India. Brookfield Renewable is one of the world’s largest investors in renewable power, with approximately 21,000 megawatts of […] Read more
Ørsted Acquires Ireland and UK Onshore Wind Power Platform from Brookfield Renewable Updated On Fri, Apr 16th, 2021 by Saurenergy Today, Ørsted has entered into an agreement with Brookfield Renewable, a global owner and operator of renewable power assets, to acquire a 100 % equity interest in its existing Ireland and UK onshore wind business, Brookfield Renewable Ireland (BRI). The agreement is based on an enterprise valuation of BRI of EUR 571 million as of 31 […] Read more
