Reports related to this article:
Project(s): View 10 related projects in PECWeb
Plant(s): View 9 related plants in PECWeb
en
Researched by Industrial Info Resources (Sugar Land, Texas)--Brookfield Asset Management Incorporated (NYSE:BEPC) (Toronto, Canada) far outpaced its investment-management peers in attracting fresh capital in the third quarter, as its portfolio--which is focused on renewable-energy and infrastructure developments--now has more than US$100 billion that can be invested in new projects. Industrial Info is tracking about US$4.5 billion worth of active and planned projects from Brookfield worldwide, about 75% of which is heavily weighted toward solar projects in the U.S. and Canada.
Click on the image at right for a graph detailing Brookfield's active and planned projects by country.
"We are very fortunate that the businesses where we have established a leadership position remain in strong demand by investors," said Connor Teskey, the president of Brookfield, in an earnings-related conference call. "We closed our sixth private equity strategy at $12 billion, our largest ever to-date."
Some of the highest-valued North American projects from Brookfield are managed by Evolugen, its renewables-focused Canadian subsidiary. At its 165.6-megawatt (MW) Comber Windfarm near Lakeshore, Ontario, Evolugen is seeking permits to construct a battery energy-storage system (BESS) unit at the site, which would use lithium-ion batteries to store up to 350 MW. Since early 2021, Evolugen also has been weighing a proposed green hydrogen project in Gatineau, Quebec, a 20-MW electrolyzer that would produce roughly 3.4 million standard cubic feet per day of carbon-free hydrogen. The latter project supports Quebec's plan to go carbon-neutral by 2050.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Power and Chemical Processing project databases can learn more from detailed reports on the Comber Windfarm BESS and green hydrogen project.
In the U.S., Brookfield's renewable-focused subsidiaries are at work on several major solar-energy projects. In early 2022, Brookfield acquired Urban Grid Solar, which is managing the development of the 75-MW Foxglove Solar Plant in Stephens City, Virginia, which recently started construction and is slated to wrap up in mid-2024. Urban Grid also is seeking permits for the 122-MW Aspen Road Solar Plant in Spring Run, Pennsylvania, which could begin construction as early as next summer. Subscribers can read detailed reports on the Foxglove and Aspen Road projects.
Brookfield also acquired Scout Clean Energy in 2022, which is preparing to begin construction on the 161-MW Markum Solar Plant in Valley Mills, Texas, before the end of the year. In September, Scout signed an agreement with Colgate-Palmolive Company (NYSE:CL) for the latter to purchase power from Markum. Subscribers can learn more from a detailed project report.
Scout Clean Energy also is involved in Quinbrook Infrastructure Partners' (New York, New York) 200-MW Sweetland Windfarm in Miller, South Dakota. Scout is developing a substation at the windfarm and a related switching station, which will be connected by an eight-mile transmission line. Scout's projects began site preparation earlier this spring and are set to wrap up in fourth-quarter 2024. Subscribers can read detailed reports on the Sweetland Windfarm and Scout's substation, switching station and transmission line.
Outside North America, Brazil represents the most significant investment from Brookfield and its subsidiaries, with a 150-MW solar-energy complex in Milagres, Ceara, slated to begin construction next summer. It is one of seven projects from Brookfield in Brazil that total more than US$615 million of investment, which is more than Brookfield's investment in all other non-North American nations combined. Subscribers can learn more in a detailed project report.
During the third quarter, Brookfield also invested US$4.7 billion of capital toward its acquisition of Triton International Limited (Harrison, New York), announced in April. "Triton is the world's largest lessor of intermodal shipping containers, and this transaction expands the buildout of our international logistics and supply chain operations capabilities," Brookfield said in a press release.
Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports for active and planned projects from Brookfield and its subsidiaries.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Click on the image at right for a graph detailing Brookfield's active and planned projects by country."We are very fortunate that the businesses where we have established a leadership position remain in strong demand by investors," said Connor Teskey, the president of Brookfield, in an earnings-related conference call. "We closed our sixth private equity strategy at $12 billion, our largest ever to-date."
Some of the highest-valued North American projects from Brookfield are managed by Evolugen, its renewables-focused Canadian subsidiary. At its 165.6-megawatt (MW) Comber Windfarm near Lakeshore, Ontario, Evolugen is seeking permits to construct a battery energy-storage system (BESS) unit at the site, which would use lithium-ion batteries to store up to 350 MW. Since early 2021, Evolugen also has been weighing a proposed green hydrogen project in Gatineau, Quebec, a 20-MW electrolyzer that would produce roughly 3.4 million standard cubic feet per day of carbon-free hydrogen. The latter project supports Quebec's plan to go carbon-neutral by 2050.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Power and Chemical Processing project databases can learn more from detailed reports on the Comber Windfarm BESS and green hydrogen project.
In the U.S., Brookfield's renewable-focused subsidiaries are at work on several major solar-energy projects. In early 2022, Brookfield acquired Urban Grid Solar, which is managing the development of the 75-MW Foxglove Solar Plant in Stephens City, Virginia, which recently started construction and is slated to wrap up in mid-2024. Urban Grid also is seeking permits for the 122-MW Aspen Road Solar Plant in Spring Run, Pennsylvania, which could begin construction as early as next summer. Subscribers can read detailed reports on the Foxglove and Aspen Road projects.
Brookfield also acquired Scout Clean Energy in 2022, which is preparing to begin construction on the 161-MW Markum Solar Plant in Valley Mills, Texas, before the end of the year. In September, Scout signed an agreement with Colgate-Palmolive Company (NYSE:CL) for the latter to purchase power from Markum. Subscribers can learn more from a detailed project report.
Scout Clean Energy also is involved in Quinbrook Infrastructure Partners' (New York, New York) 200-MW Sweetland Windfarm in Miller, South Dakota. Scout is developing a substation at the windfarm and a related switching station, which will be connected by an eight-mile transmission line. Scout's projects began site preparation earlier this spring and are set to wrap up in fourth-quarter 2024. Subscribers can read detailed reports on the Sweetland Windfarm and Scout's substation, switching station and transmission line.
Outside North America, Brazil represents the most significant investment from Brookfield and its subsidiaries, with a 150-MW solar-energy complex in Milagres, Ceara, slated to begin construction next summer. It is one of seven projects from Brookfield in Brazil that total more than US$615 million of investment, which is more than Brookfield's investment in all other non-North American nations combined. Subscribers can learn more in a detailed project report.
During the third quarter, Brookfield also invested US$4.7 billion of capital toward its acquisition of Triton International Limited (Harrison, New York), announced in April. "Triton is the world's largest lessor of intermodal shipping containers, and this transaction expands the buildout of our international logistics and supply chain operations capabilities," Brookfield said in a press release.
Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports for active and planned projects from Brookfield and its subsidiaries.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
