Brookfield Renewable completed the acquisition of Scout Clean Energy from Quinbrook for $1bn.

Brookfield Renewable, pure-play renewable power platforms, completed the acquisition of Scout Clean Energy, a renewable energy developer, from Quinbrook, a specialist investment manager, for $1bn. “Building Scout from a start-up into the significant and successful business it is today has been a five-year long commitment by the Quinbrook team working in a close partnership with Michael and Scout management. We have endured and overcome many challenges together, which marks this venture a resounding success on many levels. Scout hosts a remarkable collective of professionals, and we are proud of all that we have accomplished together. We have exceeded our plans for investor value creation by sponsoring Scout from its infancy, and now is the right time for us to hand the business on for its next growth chapter. We fully expect Scout to feature prominently in the US renewables landscape in the coming years,” David Scaysbrook, Quinbrook Co-Founder and Managing Partner.