Brookfield Expands into UK Offshore Wind with Ørsted Deal
Company Announcements

Brookfield Expands into UK Offshore Wind with Ørsted Deal

Brookfield Renewable Partners (TSE:BEP.UN) has released an update.

Brookfield Renewable Partners is set to acquire a 12.45% stake in four operational U.K. offshore wind farms from Ørsted, marking its first investment in the U.K. offshore wind sector. The $2.3 billion transaction underscores Brookfield’s commitment to expanding its renewable energy portfolio, while Ørsted continues to focus on its strategic farm-down program. The partnership highlights a significant move towards supporting the U.K.’s decarbonization efforts and boosts Brookfield’s presence in mature renewable technologies.

For further insights into TSE:BEP.UN stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyBrookfield acquires share of four UK offshore wind farms from Orsted
TheFlyBrookfield Renewable Partners price target raised to $34 from $33 at CIBC
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App