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Updated: 26-Jan-22 06:51 ET
BEP:  Brookfield Renewable Partners announces the acquisition of clean power developer Urban Grid and its high-quality pipeline of projects comprising ~13,000 megawatts of utility-scale solar and 7,000 megawatts of energy storage capacity for $650 mln  (31.67)
  • Brookfield Renewable acquired clean power developer Urban Grid and its pipeline of high-quality utility-scale solar and energy storage projects, totaling approximately 20,000 megawatts of planned capacity across 12 states.
  • Acquisition approximately triples Brookfield Renewable's existing development pipeline in the U.S. to approximately 31,000 megawatts, establishing one of the largest clean power developers in the country.
  • Urban Grid will retain its brand name in recognition of its strong market presence.
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