Brookfield Asset Management Ltd. sees an opportunity to ink billion-dollar deals in the renewable-power industry after valuations dropped in recent years.
William Mathis and Priscila Azevedo RochaBenjamin Klein, senior portfolio manager at Baskin Wealth Management, joins BNN Bloomberg to discuss his top stocks this Canadian earnings season.
The asset manager said earlier this year that it raised $10 billion for a fund dedicated to investing in the energy transition as well as $2.4 billion for a similar fund focused on emerging markets. It’s now looking for investments of around $1 billion of equity, according to Natalie Adomait, managing partner in Brookfield’s renewable power and transition group.
Any deal would follow the firm’s purchase this year of a majority stake in Neoen SA that moved it closer to a €6.1 billion takeover of the French renewable developer. That came after troubles in the offshore wind industry — including higher interest rates and supply chain snarls — cut valuations of publicly-traded renewable power companies.
Business Markets Company News Industry Energy Stock Market News Top News World Top World
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Brookfield Seeks $1 Billion Green-Power Deals in Buyer’s Market(Bloomberg) -- Brookfield Asset Management Ltd. sees an opportunity to ink billion-dollar deals in the renewable-power industry after valuations dropped in...
Read more »
Deals on Brookfield stakes in produce, wind and hydro assets net nearly $1-billionFinancial terms of the three transactions were not disclosed, but when combined they reap more than US$2-billion in equity proceeds at a 24-per-cent internal rate of return
Read more »
UAE's Masdar buys Brookfield's Saeta Yield in $1.4 billion dealUnited Arab Emirates' renewable energy company Masdar said on Tuesday it has reached an agreement to buy green energy firm Saeta Yield from Canada's...
Read more »
Brookfield Asset Management raises $2.4-billion for climate fund backed by UAEBrookfield said the initial closing of $2.4-billion marked ‘a significant milestone towards the target of raising up to $5-billion for deployment towards clean energy and transition assets in emerging markets’
Read more »
Brookfield to invest up to US$1.1-billion in sustainable fuels provider InfiniumBrookfield will invest more than $200-million in Infinium’s Roadrunner project, which is currently under development in West Texas
Read more »
Brookfield’s proposed $50-billion domestic fund to pension leaders, government draws lukewarm responseAsset manager’s pitch to some of Canada’s largest pension funds unlikely to get traction, sources say
Read more »