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

More on Wind

Crown Estate confirms offshore wind Capacity Increase Programme

Crown Estate confirms offshore wind Capacity Increase Programme

Seabed owner approves plans to expand seven existing offshore wind farms to add 4.7GW of capacity

James Murray
clock 09 May 2025 • 2 min read
Ørsted presses pause on 2.4GW Hornsea 4 offshore wind project 'in its current form'

Ørsted presses pause on 2.4GW Hornsea 4 offshore wind project 'in its current form'

Major blow to government's clean energy plans, as leading offshore wind developer shelves project over rising cost concerns

Michael Holder
clock 07 May 2025 • 5 min read
Could AI help protect seabirds from offshore wind farms?

Could AI help protect seabirds from offshore wind farms?

Study reveals how new AI-enabled camera technology is enabling a better understanding of how seabirds avoid offshore wind turbines

James Murray
clock 28 April 2025 • 2 min read