Brookfield Renewables acquires distributed generation developer for $700m

By Renewable Energy World Just months after it acquired clean power developer Urban Grid in a $650 million deal, Brookfield Renewable Partners said it paid $700 million for what it termed a “leading integrated distributed generation developer” in the U.S.

The deal was announced as part of the firm’s second quarter financial report, released August 5. During the quarter that ended June 30, the company reported commissioning 1 GW of renewable energy capacity and also earmarked $3 billion for growth initiatives. It said it continued to execute on a roughly 17 GW under-construction and advanced-stage pipeline, and expanded its development pipeline to 75 GW.

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