Brookfield Acquires $2.3 Billion Stake in UK Offshore Wind Farms

The investment marks Brookfield's first entry into the UK's offshore wind sector, aligning with Britain's renewable energy expansion goals.

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.