2023-04-03 17:56:04 ET
Brookfield Asset Management ( NYSE: BAM ) ( BEP ) has started efforts to sell a 50% stake in the Shepherds Flat wind farm in Oregon, one of the world's largest such facilities, Bloomberg reported Monday.
Brookfield ( BAM ) reportedly hired Bank of Montreal and Wells Fargo to gauge interest in a deal.
The company bought Shepherds Flat for $700M two years ago, adding to its portfolio of more than 8K power-generating facilities, and finished repowering the 845 MW wind farm last year.
Last week, a Brookfield-led ( BAM ) ( BEP ) consortium agreed to buy Australian utility Origin Energy for A$18.7B .
For further details see:
Brookfield to kick off sale of stake in one of world's largest wind farms - report