One of the world’s biggest clean-energy investors is buying a pair of U.S. renewable developers for $1.5 billion, in bets that add to the money flooding into projects despite this year’s market volatility.
Brookfield Asset Management renewable-power unit is acquiring wind and solar firm Scout Clean Energy LLC for $1 billion. It is also buying Standard Solar Inc. for $540 million, company officials said, after originally saying they’d pay $530 million. Brookfield could invest over $500 million more across the two companies to help them grow faster, it said.
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