Brookfield Renewable (BEPC) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Masdar, an Emirati clean energy company, has announced its acquisition of Saeta from Brookfield Renewable for approximately $1.4 billion, strengthening its renewables presence in the Iberian Peninsula. The deal includes a 745 MW portfolio of wind and solar assets along with a 1.6 GW pipeline of projects in Spain and Portugal. This strategic move is in line with Masdar’s ambitious plan to reach a global renewable energy capacity of 100 GW by 2030, marking one of the largest renewable transactions in the region.
For further insights into BEPC stock, check out TipRanks’ Stock Analysis page.
