Mitsubishi HC Capital Partners with Brookfield to Buy European Renewable Energy Assets
Mitsubishi HC Capital (TYO:8593) and Canadian investment group Brookfield are establishing a joint venture to acquire and operate renewable energy assets across Europe.The initial portfolio includes roughly 570 megawatts of capacity across six countries, valued at about 400 million euros, with 10-year power purchase agreements locking in stable cash flows, according to a statement on Wednesday.The partnership, which will be officially launched in the second half of the year, will also pursue future acquisitions of additional renewable assets in Europe and Australia, focusing on onshore wind, utility-scale solar, and battery storage.Brookfield will manage day-to-day operations while both firms share control, and future deals require joint approval with pro-rata funding.