Encore Renewable Energy, a clean power developer, secured $389 million in loans and tax-equity financing from Brookfield Asset Management Ltd. to develop community-scale solar and battery storage projects across the US. This investment will support 25 projects in five states and help Encore transition to an independent power producer.
Christopher Ballard, managing director of Check Capital Management talks about Brookfield stocks hit a record high after beating earnings expectations.
-- Encore Renewable Energy, a clean power developer, lined up $389 million in loans and tax-equity financing from Brookfield Asset Management Ltd. to expand its portfolio of community-scale solar and battery storage projects. Brookfield’s investment is expected to support 25 projects across Vermont, New Hampshire, Maine, Illinois and New York, according to Blake Sturcke, co-chief executive officer of Burlington, Vermont-based Encore.
The deal announced Wednesday will help Encore as it seeks to transition to an independent power producer that owns and operates clean-energy assets. Its first two solar farms went into service last month in Maine. “This financing is going to help us drive toward putting over a half-gigawatt of assets under our balance sheet over the next several years,” Sturcke said in an interview.
RENEWABLE ENERGY INVESTMENT BROOKFIELD ENCORE SOLAR
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