Orsted agreed to acquire Brookfield Renewable Ireland from Brookfield Renewable for €571m.

Orsted, a green energy company, to acquire Brookfield Renewable Ireland, a wind energy company, from Brookfield Renewable, a renewable energy company, for €571m. “We’re excited to acquire BRI, which has a strong strategic and operational fit to Ørsted combined with what we believe to be very complementary business cultures. We’ve learned that, like Ørsted, the BRI team is ambitious, prioritise safety and quality, and strive to be a good neighbour in the communities they operate in. The Irish and UK onshore markets offer attractive fundamentals, projects at scale, and value creation through a mix of development projects and repowering opportunities. Furthermore, we can leverage the BRI team’s market-leading offtake capabilities within trading and corporate PPAs with direct synergies to Ørsted’s existing efforts in the UK,” Declan Flanagan, Orsted CEO.