Northview Energy — 2.3 GW seed portfolio of 22 operating sites (17 solar + 5 onshore wind) in US & Canada
New platform co-owned equally by BCI, Norges Bank Investment Management, and Brookfield. Seed assets sourced from Brookfield-managed Deriva Energy, Scout Clean Energy, and Urban Grid. Framework agreement for up to $1.5B additional equity acquisitions from Brookfield portfolio companies. Expected launch Q2 2026 pending approvals.
$2.60B
Deal Value
2,300MW
Capacity
Solar + Storage
Technology
Multi-state
Location
Deal Details
- Deal Type
- Corporate M&A
- Seller / Sponsor
- Brookfield Renewable (Deriva Energy, Scout Clean Energy, Urban Grid)
- Buyer / Financier
- Northview Energy
- Deal Value
- ~$2.6B enterprise value (~$425M per 1/3 share)
- Stage
- Operating
- ISO/RTO
- Multiple
Capital Structure
$2.60B
Total transaction value
Tranches
- Equity stake (one-third) · Norges Bank Investment Management (NBIM)
- $425M
- Equity stake (one-third) · British Columbia Investment Management Corporation (BCI)
- $425M
- Equity stake (one-third) · Brookfield
- $425M
Service Providers
Advisory & Legal
- Financial Advisor
- TD Securities
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