Joint VentureJun 9, 2026, 04:31 PM
Brookfield forms JV with Mitsubishi HC Capital for EUR 400M renewable energy portfolio
AI Summary
Brookfield Asset Management Ltd. and Mitsubishi HC Capital Inc. announced the formation of a joint venture to acquire and operate a diversified portfolio of contracted, operating renewable energy assets in Europe. The initial seed portfolio comprises approximately 570 megawatts of installed capacity across six European countries, with an equity value of approximately EUR 400 million. The JV plans to pursue future acquisitions of additional stabilized operating assets, including onshore wind, utility-scale solar, and battery energy storage, in Europe and Australia. Brookfield will manage the JV's operations, with the official launch anticipated in the second half of 2026.
Key Highlights
- Brookfield Asset Management and Mitsubishi HC Capital formed a joint venture for a privately held renewable energy company.
- The JV's seed portfolio includes approximately 570 megawatts of installed capacity across six European countries.
- The equity value of the seed portfolio is approximately EUR 400 million.
- Assets are highly contracted under long-term power purchase agreements with a weighted average remaining term of about 10 years.
- The JV plans future acquisitions of renewable energy assets in Europe and Australia.
- Brookfield will be responsible for the JV's operations.
- The official launch of the JV is expected during the second half of 2026.
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