Hydropower-Focused Brookfield Sees More Sunshine in Future

Eight months after agreeing to acquire almost 4 gigawatts of solar and wind power from fallen clean-energy giant SunEdison Inc.,Brookfield Asset Management Inc., the owner of just a half-megawatt of solar power, is now said to be in advanced talks to buy a 41.5 percent stake in Atlantica Yield Plc, which owns about 1.4 gigawatts of renewable-energy assets.

The deal would be another step in Brookfield’s path to diversify a portfolio that’s heavily weighted toward hydropower.
Read more at Bloomberg
Photo by: Jutta (morguefile)
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