One of the world’s biggest clean-energy investors is buying a pair of U.S. renewable developers for $1.5 billion, in bets that add to the money flooding into projects despite this year’s market volatility
Deals for Scout Clean Energy and Standard Solar add to flood of cash into renewables despite market volatility
Related Video: Money is a sticking point in climate-change negotiations around the world. As economists warn that limiting global warming to 1.5 degrees Celsius will cost many more trillions than anticipated, WSJ looks at how the funds could be spent, and who would pay. Illustration: Preston Jessee/WSJ.
Brookfield Asset Management Inc.’s renewable-power unit is acquiring wind and solar firm Scout Clean Energy LLC for $1 billion. It is also buying Standard Solar Inc. for $540 million, company officials said, after originally saying they’d pay $530 million. Brookfield could invest over $500 million more across the two companies to help them grow faster, it said.
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