Brookfield Asset Management inks deal to snap up UK developer Banks Renewables

Cecilia Keating
clock • 2 min read
Brookfield Asset Management inks deal to snap up UK developer Banks Renewables

Canadian investment giant chaired by Mark Carney to acquire more than 11 onshore wind farms in Northern England and Scotland under deal reportedly worth around $1bn

Canadian investor Brookfield Asset Management has struck a deal to acquire the renewables arm of Durham-based family firm Banks Group for an undisclosed sum, the two firms announced yesterday. Under...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Cecilia Keating
Author spotlight

Cecilia Keating

View profile
More from Cecilia Keating

Why the Women in Green Business Awards is more important than ever

'Simplicity is key': Behind the scenes at UK direct air capture start-up Mission Zero Technologies

More on Wind

Study: Conservative ban on onshore wind farms cost UK £900m in economic output
Wind

Study: Conservative ban on onshore wind farms cost UK £900m in economic output

New modelling calculates de facto ban on onshore wind farms in England blocked clean electricity that could have served 1.6 million homes

James Murray
James Murray
clock 15 April 2025 • 4 min read
Floating wind: Three major Celtic Sea projects progress to final seabed auction
Wind

Floating wind: Three major Celtic Sea projects progress to final seabed auction

Projects totalling 4.5GW of new clean power capacity progress to final bidding stage this Spring for seabed leases with the Crown Estate

Michael Holder
Michael Holder
clock 07 April 2025 • 4 min read
Rampion 2: Government gives green light to giant 1.2GW Sussex offshore wind farm
Wind

Rampion 2: Government gives green light to giant 1.2GW Sussex offshore wind farm

90-turbine project expected to be up and running by 2030, providing a major boost to government's clean power mission

Michael Holder
Michael Holder
clock 04 April 2025 • 4 min read