Deals for Scout Clean Energy and Standard Solar add to flood of cash into renewables despite market volatility
Related Video: Money is a sticking point in climate-change negotiations around the world. As economists warn that limiting global warming to 1.5 degrees Celsius will cost many more trillions than anticipated, WSJ looks at how the funds could be spent, and who would pay. Illustration: Preston Jessee/WSJ.
Brookfield Asset Management Inc.’s renewable-power unit is acquiring wind and solar firm Scout Clean Energy LLC for $1 billion. It is also buying Standard Solar Inc. for $540 million, company officials said, after originally saying they’d pay $530 million. Brookfield could invest over $500 million more across the two companies to help them grow faster, it said.
Boron is a naturally occurring element that can be used to create clean energy through a process called boron fusion. Boron fusion is a relatively new technology that has yet to be commercialized, but there is potential for it to become a major player in the clean energy market.
Investing in the future so we have one for future generations is a good thing.
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