Brookfield Renewable (BEPC) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Brookfield Renewable has acquired a 12.45% stake in four of Ørsted’s operational UK offshore wind farms, marking its first investment in UK offshore wind. This $2.3 billion deal represents a strategic partnership that will aid the UK’s renewable energy objectives, while allowing Ørsted to reinvest in new assets. The transaction is set to close by the end of 2024, pending regulatory approvals.
For further insights into BEPC stock, check out TipRanks’ Stock Analysis page.
