Brookfield explores sale of solar developer X-Elio for over €4 billion

Brookfield has initiated a process to sell solar developer X-Elio, with a valuation exceeding €4 billion including debt. Santander and Barclays have been appointed to coordinate the sale. X-Elio has a portfolio of about 3 GW, with roughly 2.5 GW under construction, and a development pipeline of around 23 GW. The company operates in 12 countries and has expanded into energy storage, including battery projects in Germany. This potential sale follows Brookfield’s €1.2 billion sale of Saeta Yield to Masdar in 2023.