Brookfield Invests $389 Million in Vermont Developer Encore
- Encore shifting model to own, operate clean-energy assets
- Developer planning 25 renewables projects across five states
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Encore Renewable Energy, a clean power developer, lined up $389 million in loans and tax-equity financing from Brookfield Asset Management Ltd. to expand its portfolio of community-scale solar and battery storage projects.
Brookfield’s investment is expected to support 25 projects across Vermont, New Hampshire, Maine, Illinois and New York, according to Blake Sturcke, co-chief executive officer of Burlington, Vermont-based Encore. The capital will come through Brookfield’s infrastructure debt platform.