M&A Deal Summary

Brookfield Renewable Partners Acquires Scout Clean Energy

On September 29, 2022, Brookfield Renewable Partners acquired energy services and equipment company Scout Clean Energy from Quinbrook Infrastructure Partners for 1.0B USD

Acquisition Highlights
  • This is Brookfield Renewable Partners’ 1st transaction in the Energy Services and Equipment sector.
  • This is Brookfield Renewable Partners’ 2nd largest (disclosed) transaction.
  • This is Brookfield Renewable Partners’ 12th transaction in the United States.
  • This is Brookfield Renewable Partners’ 1st transaction in Colorado.

M&A Deal Summary

Date 2022-09-29
Target Scout Clean Energy
Sector Energy Services and Equipment
Buyer(s) Brookfield Renewable Partners
Sellers(s) Quinbrook Infrastructure Partners
Deal Type Add-on Acquisition
Deal Value 1.0B USD

Target

Scout Clean Energy

Boulder, Colorado, United States
Scout Clean Energy is a developer and operator of wind power projects. Scout owns and operates a portfolio of utility-scale wind projects across a geographically diverse collection of US markets. The operational and development portfolio currently exceeds 3,000 MWs across 10 sites located in 10 States. Scout Clean Energy is based in Boulder, Colorado.

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Buyer(S) 1

Buyer

Brookfield Renewable Partners

Toronto, Ontario, Canada

Category Company
Founded 1999
Sector Renewable Energy
Employees5,270
Revenue 5.9B USD (2024)
DESCRIPTION

Brookfield Renewable Energy Partners pure-play renewable power platforms globally. Its portfolio is primarily hydroelectric and totals approximately 6,700 megawatts of installed capacity. Brookfield Renewable Energy Partners was incorporated in 1999 and is headquartered in Toronto, Ontario.


DEAL STATS #
Overall 17 of 20
Sector: Energy Services and Equipment M&A 1 of 4
Type: Add-on Acquisition M&A Deals 4 of 6
State: Colorado M&A 1 of 1
Country: United States M&A 12 of 13
Year: 2022 M&A 2 of 2
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-26 Urban Grid

Stevensville, Maryland, United States

Urban Grid is a developer of utility-scale solar power plants. Urban Grid offers the development of approximately 646 MWp of solar projects and currently has more than 5,600 MWp of solar projects under development. Urban Grid Solar was founded in 2010 and is based in Stevensville, Maryland.

Buy $650M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-03 Westinghouse Electric

Cranberry Township, Pennsylvania, United States

Westinghouse Electric is providing nuclear energy technologies, products and services to utilities around the world. Its mission is to focus on a much broader goal; using the power of intellect, collaboration and innovation to build on the legacy of our founder, and to create a cleaner, safer and sustainable carbon-free future for generations to follow. Westinghouse Electric was founded in 1884 and is based in Cranberry Township, Pennsylvania.

Buy -

Seller(S) 1

DESCRIPTION

Quinbrook Infrastructure Partners is a specialist ‘value-add’ investor and asset manager that originates, acquires, constructs, operates and manages, direct investments in the low-carbon energy infrastructure market. The Firm looks to capitalize on the transition to lower carbon and more sustainable energy production, distribution and consumption. Quinbrook Infrastructure Partners was established in 2015 and is headquartered in London.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Colorado M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-30 Habitat Energy

Oxford, United Kingdom

Habitat Energy is a specialist in AI-enabled battery optimization and trading services. Habitat’s proprietary software allows for real-time trading, forecasting and revenue generation in the wholesale and ancillary service markets. Habitat Energy was founded in 2017 and is based in Oxford, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-12 PurposeEnergy

Windham, New Hampshire, United States

PurposeEnergy is a renewable fuels and biogas specialist. PurposeEnergy is focused on waste solutions for the food and beverage industries. PurposeEnergy was founded in 2007 and is based in Windham, New Hampshire.

Buy -