Brookfield Buys $2.3 Billion Stake in Orsted UK Wind Farms
- Brookfield buys into four operational wind farms in the UK
- Investor appetite for offshore wind is growing after struggles
Source: Orsted A/S
This article is for subscribers only.
Brookfield bought a £1.75 billion ($2.3 billion) stake in four offshore wind farms from Orsted A/S in one of the largest deals for the sector this year.
The agreement marks a significant expansion into offshore wind for Brookfield, one of the biggest global investors in the energy transition. It’s also the asset manager’s first investment in the sector in the UK. The announcement of a major investment in an area that’s critical to Britain’s growth was a boost for Chancellor Rachel Reeves ahead of the budget announcement on Wednesday.