Renewable Energy Acquisitions in Minnesota

Brookfield Asset Management, together with its institutional partners including Brookfield Renewable Partners, completed the acquisition of National Grid Renewables from National Grid plc and will operate the business under the Geronimo Power brand. The Minneapolis-headquartered company develops and operates utility-scale solar, wind and energy storage (about 2 GW operating, 1 GW under construction and ~20 GW in development) and will continue scaling Brookfield’s U.S. renewables platform.

Communications Systems, Inc. completed a merger with Pineapple Energy LLC and changed its name to Pineapple Holdings, Inc. Immediately prior to the merger, Pineapple Energy acquired Hawaiian solar installers Hawaii Energy Connection LLC and E-Gear LLC; the combined public company (ticker: PEGY) received $32.0 million in a private placement to support Pineapple's national consolidation strategy in residential solar, battery storage, and energy services.