Brookfield Renewable Acquires Urban Grid for $650M
January 26, 2022
Brookfield Renewable acquired clean power developer Urban Grid and its pipeline of approximately 20,000 MW (13,000 MW solar and 7,000 MW storage) across 12 U.S. states for $650 million. The deal roughly triples Brookfield Renewable's U.S. development pipeline and Urban Grid will continue to operate under its brand as an independent power producer (IPP).
- Buyers
- Brookfield Renewable, Institutional partners
- Targets
- Urban Grid
- Industry
- Renewable Energy
- Location
- Virginia, United States
- Transaction Type
- Buyout
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