Brookfield Ramps Up Renewables Capacity

September 30, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Brookfield Renewable Energy, a subsidiary of Brookfield Asset Management Incorporated (NYSE:BEPC), has spent much of 2022 rapidly growing its renewable-energy capacity across North America. Brookfield says its Global Transition Fund has spent or tagged $3.5 billion toward clean-energy investments so far this year.

Industrial Info is tracking about $1.5 billion worth of renewable-energy projects in the U.S. and Canada from Brookfield and its subsidiaries, including the recently acquired Urban Grid. Industrial Info also is tracking progress at seven plants from Standard and Scout Clean Energy, spread across Texas, Oklahoma, Colorado, Indiana and Vermont. The two acquisitions are not the first this year for Brookfield.

Other companies featured: California Resources Corporation (NYSE:CRC) and NextDecade Corporation (NASDAQ:NEXT)