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