Overview

• Brookfield Asset Management, chaired by Mark Carney, has invested $2.3 billion to acquire a 12.45% stake in four UK offshore wind farms from Ørsted.
• The wind farms have a combined capacity of 3.5 gigawatts, enough to power approximately 3 million homes.
• Ørsted, facing financial challenges, is selling stakes as part of a strategy to strengthen its balance sheet and reinvest in new assets.
• Brookfield's investment supports the UK government's push to decarbonize the electricity grid by 2030, with plans to quadruple offshore wind capacity.
• The transaction is expected to close by the end of the year, with Ørsted retaining a 37.55% ownership and operational control of the wind farms.