Brookfield & Mitsubishi Forge Green Energy JV

Brookfield Asset Management and Mitsubishi HC Capital have agreed to establish a new, jointly controlled entity focused on renewable energy assets. This private joint venture will initially acquire a portfolio of approximately 570MW of contracted operating assets in Europe.

The seed portfolio includes wind, solar, and battery energy storage facilities located in Finland, France, Ireland, Spain, Sweden, and the UK. These assets are underpinned by long-term power purchase agreements, providing an average of ten years remaining on their terms, which is expected to ensure stable cash flow.

Operational management of the joint venture will be handled by Brookfield. Both companies will jointly govern the venture, with future acquisitions requiring mutual approval. The transaction for the initial portfolio saw Macquarie Capital and Santander providing financial advisory services.

This initiative aligns with Mitsubishi HC Capital's strategy for growth investments in high-profitability business domains. The JV aims to scale a business platform for reliable and sustainable operations, leveraging expertise from European renewable energy partners. The launch is slated for the second half of 2026, subject to customary closing conditions and approvals.