Brookfield buys US renewable developers for $1.5 billion

One of the world’s largest clean energy investors is buying a pair of U.S. renewable energy developers for $1.5 billion, betting to drive more money into projects despite the turmoil. market volatility this year.

Brookfield Asset Management The renewable energy unit is acquiring a solar and wind company Scout’s Clean Energy LLC for $1 billion and Standard solar power Inc. for $530 million, company officials said. Brookfield could invest more than $500 million more in the two companies to help them grow faster, it said.

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