Brookfield Renewable completed the acquisition of Urban Grid for $650m.

Brookfield Renewable, one of the world’s largest publicly traded, pure-play renewable power platforms, completed the acquisition of Urban Grid, a utility scale renewable energy project developer, for $650m. "Brookfield Renewable is the right home for Urban Grid. Our exceptional team and extraordinary portfolio combine to complement and expand Brookfield’s US development operations, and this move enables the next phase of growth for our organizations. Furthermore, Brookfield’s collaborative culture and entrepreneurial spirit match our DNA. With enormous pride and gratitude, I look forward to leading Urban Grid as part of Brookfield to make a meaningful contribution towards achieving a clean energy future," Frank DePew, Urban Grid President and CEO.