Brookfield and Mitsubishi HC Capital form JV for European renewable energy platform

Brookfield Asset Management Ltd.

JV will acquire ~570 MW contracted renewable assets with ~EUR 400M equity value across six European countries.
Seed portfolio includes diversified assets in UK, Spain, Sweden, Finland, France, Ireland; PPA term ~10 years.
JV also evaluating future acquisitions of operating onshore wind, solar, and battery storage in Europe and Australia.
Brookfield to manage operations; JV expected to launch in H2 2026 subject to approvals.

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