Brookfield Renewable Partners, together with its institutional partners, acquired Scout Clean Energy, a US-based utility-scale renewable energy developer-owner-operator, from Quinbrook Infrastructure Partners in a deal valued at US$1 billion.

Scout's portfolio includes over 1,200 MW of operating wind assets, with 400 MW managed on behalf of third parties.

This acquisition aligns with Brookfield Renewable's strategy to expand its presence in the U.S. renewable energy sector. The addition of Scout's assets and development pipeline enhances Brookfield's capacity to deliver diversified clean energy solutions across North America.

Bank of America and KeyBanc Capital Markets acted as Quinbrook and Scout's exclusive financial advisors and Skadden, Arps, Slate, Meagher & Flom LLP served as legal counsel to Quinbrook. Vinson & Elkins LLP served as legal advisor to Brookfield Renewable.