Joint VentureJun 9, 2026, 04:32 PM
Brookfield, Mitsubishi HC Capital Form JV for European Renewables
AI Summary
Brookfield Asset Management and Mitsubishi HC Capital Inc. announced a joint venture to launch a privately held renewable energy company in Europe. The JV will acquire and operate a diversified portfolio of contracted, operating renewable energy assets, starting with approximately 570 megawatts of installed capacity across six European countries, valued at about EUR 400 million. The partnership aims to expand globally, focusing on stabilized operating assets like onshore wind, utility-scale solar, and battery energy storage in Europe and Australia, with an expected launch in the second half of 2026.
Key Highlights
- Brookfield and Mitsubishi HC Capital formed a joint venture for a new renewable energy company.
- Initial portfolio includes approximately 570 megawatts of installed capacity across six European countries.
- The seed portfolio has an equity value of approximately EUR 400 million.
- Assets are highly contracted under long-term power purchase agreements with a ~10-year average term.
- The JV will evaluate future acquisitions of renewable energy assets in Europe and Australia.
- Brookfield will be responsible for the JV's operations, with joint control.
- The official launch of the joint venture is expected in the second half of 2026.
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