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BAM - Brookfield Proposes a Big Renewable Energy Merger
Brookfield Asset Management Inc.
Brookfield Asset Management(NYSE: BAM) already controls one of the largest portfolios of renewable energy projects in the world, but it's making moves to consolidate that power. On Monday, BrookfieldRenewable Partners(NYSE: BEP) made a $4 billion offer for TerraFormPower(NASDAQ: TERP).
The offer to buy out TerraForm Power isn't binding and may not go through as planned, but it makes sense for both sides right now. And it would lead to a massive renewable energy company with 22 gigawatts (GW) of power-generating capacity around the world. Here's what you need to know about the deal.