Mitsubishi HC Capital and Brookfield Asset Management form joint venture to acquire and operate European renewable energy assets
Type: Partnership · Technology: Onshore Wind, Storage · Country: Australia · Capacity: 570 MW · Value: EUR 400M · Announced: 2026-06-10
Mitsubishi HC Capital and Brookfield Asset Management established a joint venture to acquire and operate a portfolio of 570 MW of operational renewable energy assets across six European countries: the UK, Spain, Sweden, Finland, France, and Ireland. The seed portfolio, valued at approximately €400 million, is backed by long-term power purchase agreements with an average remaining term of 10 years. The joint venture will focus on expanding into additional acquisitions across Europe and Australia, targeting operational onshore wind, utility-scale solar, and battery energy storage assets. Brookfield will oversee day-to-day operations and asset management, while Mitsubishi HC Capital will contribute financial and investment expertise. The initiative aligns with Mitsubishi HC Capital's strategy to invest in high-profitability business domains and Brookfield's goal to deploy material capital into renewable power assets.
Counterparties
- Macquarie Capital (Advisor)
- Brookfield Asset Management (Partner)
- Santander (Advisor)
- Mitsubishi HC Capital (Partner)
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