Brookfield Buys U.S. Renewable Developers for $1.5 Billion

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 and Standard Solar Inc. for $530 million, company officials said. Brookfield could invest over $500 million more across the two companies to help them grow faster, it said.

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