Brookfield Buys $2.3 Billion Stake in Orsted UK Wind Farms (2)

Brookfield bought a £1.75 billion ($2.3 billion) stake in four offshore wind farms from Orsted A/S in one of the largest deals for the sector this year.

The agreement marks a significant expansion into offshore wind for Brookfield, one of the biggest global investors in the energy transition. It’s also the asset manager’s first investment in the sector in the UK. The announcement of a major investment in an area that’s critical to Britain’s growth was a boost for Chancellor Rachel Reeves ahead of the budget announcement on Wednesday.

“This investment is a huge vote of confidence in the UK’s ...