Brookfield sells Saeta renewable power business to Masdar for US$1.4B
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$0 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*No charge for 4 weeks then price increases to the regular rate of $19.00 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.75/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 24/09/2024 (437 days ago), so information in it may no longer be current.
TORONTO – Brookfield Renewable and its institutional partners have signed an agreement to sell its Saeta Yield renewable energy business in Europe to the UAE’s Masdar in a deal valued at US$1.4 billion.
Saeta is an independent developer, owner and operator of renewable power assets in Spain and Portugal.
Masdar will acquire a portfolio of 745 megawatts of predominantly wind assets and a development pipeline of about 1.6 gigawatts worth of projects.
The deal excludes a regulated portfolio of 350 megawatts of solar power assets, which Brookfield will keep and continue to operate.
Mohamed Jameel Al Ramahi, chief executive officer at Masdar, says Saeta is a perfect complement to the company’s portfolio in Europe.
Masdar was established in 2006 and has developed and invested in projects in over 40 countries with a combined capacity of over 20 gigawatts.
This report by The Canadian Press was first published Sept. 24, 2024.
Companies in this story: (TSX:BEP.UN)