Brookfield said that it sees potential to invest an additional $350 million in Scout to support the business development activities, and $160 million in Standard Solar to support the business growth initiatives.

Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled. September 29, 2022. Brookfield Renewable is the flagship listed renewable power company of Brookfield Asset Management, a leading global alternative asset manager with approximately$750 billionof assets under management. WebScout will continue under the Scout Clean Energy brand name as an independent power producer (IPP). Standard Solar is an owner and operator of commercial and community distributed solar, with end-to-end development capabilities, Brookfield said in a media release. NEW YORK, September 29, 2022--(BUSINESS WIRE)--Quinbrook Infrastructure Partners ("Quinbrook"), a specialist investment manager focused exclusively on new infrastructure needed for the energy transition, announced today the execution of binding contracts for the sale of its portfolio company, Scout Clean Energy ("Scout"), to Brookfield Renewable for c. US$1 billion in cash on completion. SPAQ stock has been strong, but it's not without risk. Brookfield Asset Managements flagship listed renewable power company Brookfield Renewable announced today an agreement, alongside institutional partners, to acquire renewable energy developer Scout Clean Energy for $1 billion in cash, as well as the closing of its $540 million acquisition of commercial and distributed solar company Standard Solar. Dec 16, 2022 | News Email: ownerrelations@scoutep.com . Please understand that we will only answer inquiries from the individual(s) whose name(s) appear on the account or the owners legally recognized agent. Scout is a private energy producer focused on the acquisition and operation of upstream energy assets and associated midstream infrastructure. Grounded in research and experienced in the complexities of the real estate and capital markets, AEW actively manages portfolios in both the public and private property markets and across the risk/return spectrum. From: Mercom Capital Group Colorado-based Scout Clean Energy, a renewable energy developer and Quinbrook Infrastructure Partners portfolio company, acquired the 369 MW Blue Sky utility-scale project in Grundy County, Illinois, from Renewable Energy Systems (RES).

WebScout is a private energy producer focused on the acquisition and operation of upstream energy assets and associated midstream infrastructure. The company will invest up to $2 billion in this acquisition. Forms to correct either of these are available for you on this website. San Antonio, Texas Area. Both Scout and Standard Solar will continue to operate as independent businesses within the Brookfield Renewable U.S. platform. Were looking forward to joining the Brookfield Renewable portfolio, one of the worlds largest renewable energy platforms. Please remember that it is our policy to not discuss any other owners interest even if they are a family member for security purposes. All Rights Reserved. Never miss the latest breaking ESG investment news. Dallas, TX 75240. The firm raised $200 million for its debut fund, $300 million for Scout II and $360 million for Scout III. The fund is located in Dallas, Texas, and invests in the United States. Scout's operating projects have generated an estimated 8.5 TWh of carbon-free power to date, avoiding an estimated 6 million tCO2e of carbon emissions based on average grid intensities. Email: ownerrelations@scoutep.com RES began land acquisition and interconnection studies on the site in 2018. The Attention: Owner Relations This news release contains forward-looking statements and information within the meaning of applicable securities laws. Quinbrook is currently developing and constructing some of the largest renewables and storage infrastructure projects ever undertaken in the US, UK and Australia. 13800 Montfort Dr. #100 Dallas, TX 75240. VC / Private Equity Companies may grow organically or through acquisition. Scout Energy Partners retained Anderson King Energy as its exclusive adviser in connection with the sale of certain Texas conventional operated assets. For more information, please visit www.scoutcleanenergy.com. Brookfield Renewable, together with its institutional partners, announced two further investments in the U.S. renewable energy sector. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this. Standard Solar has roughly 500MW of operating and under construction contracted assets and a development pipeline of almost 2,000MW. Quinbrook acquired Scout as a start-up in 2017 for an initial investment of just US$6 million. Mail: Scout Energy Quinbrook acquired Scout as a start-up in 2017 for an initial investment of just US$6 million. During the same announcement, Brookfield also said it was to acquire US developer Standard Solar for US$540 million, again with the potential to invest an additional US$160 million to support the companys growth. Dec 2017 - Sep 201810 months. Legal Notice Terms and Conditions Privacy Policy pv magazine 2023, Welcome to pv magazine USA. 3. Standard Solar is powering the nations energy transformation channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar, as well as solar + storage, to businesses, institutions, farms, governments, communities and utilities. This site uses cookies. Anne Fischer is a senior editor at pv magazine USA. Click here for an Address Change Form. Scouts portfolio includes a pipeline of over 22,000MW of wind, solar and storage projects across 24 states, including almost 2,500MW of under construction and advanced-stage projects. The firm has $1.8 billion under management.The firm caters to 14 clients of WebScout Energy Partners is a investment company company. These adjustments become necessary for various reasons such as: we were originally provided incorrect production figures (volumes) or pricing from the transporter or gatherer of production and need to correct that information, production may be allocated incorrectly and must be corrected, or a tax rate may have changed. Scout completed more than 40 acquisitions with more than $1 billion of value since launching its first fund in 2011. Join our mailing listfor the latest breaking ESG investment news! The transactions will be invested through the Brookfields inaugural net zero-focused impact fund, the Brookfield Global Transition Fund. Scout focuses on 3 min read. Blue Sky received unanimous approval for a special use permit with Grundy County in December 2020, under the established Grundy County Solar Ordinance. Brookfield Renewable also announced the closing of its acquisition of Standard Solar for consideration of $540 million with the potential to invest an additional $160 million to support the business growth initiatives ($140 million in total net to BEP). Your email address will not be published. Read our policy. management of private energy funds and the operation of the oil and gas assets it owns. BofA Securities, Inc. served as lead financial advisor and KeyBanc Capital Markets Inc. served as financial advisor to Quinbrook on the sale of Scout and Skadden, Arps, Slate, Meagher & Flom LLP acted as external legal counsel to Quinbrook. Scouts portfolio includes over 1,200 MW of operating wind assets, including 400 MW managed on behalf of third parties, and a pipeline of over 22,000 MW of wind, solar and storage projects across 24 states, including almost 2,500 MW of under construction and advanced-stage projects. Last year, Scout Clean Energy acquired the $400m Blue Sky Project, which followed closely on the heels of the companys announced purchase of a 112 MW solar project in Missouri. MANCHESTER, Pa., April 4, 2023 /PRNewswire/ -- Scout Cold Logistics ("Scout"), an affiliate of AEW Capital Management ("AEW"), announced today the acquisition of 1025 Locust Point Road in Manchester, PA. Brookfield Renewable has agreed to acquire Standard Solar and Scout Clean Energy, helping both renewable energy leaders to move into the next phase of their development. We are thrilled to be putting more dollars to work in our U.S. renewables business. The company has also agreed to acquire Scout Clean Energy for $1 billion with the potential to invest an additional $350 million to support the business Urban Oil and Gas Group, LLC (Urban) has acquired certain non-operated interests from Scout Energy Management LLC (Scout) in +1 (901) 331-0779 You need to be sure that we have your current address and tax identification number. You will need to contact the Owner Relations Department.

If you feel that there is a problem with your check, please contact Owner Relations. Copyright 2023 WTWH Media LLC. Scout Energy Partners corporate office is located in 13800 Montfort Dr Ste 100, Dallas, Texas, 75240, United States and has 447 employees. For more information, please -visit www.scoutcleanenergy.com. When this reduction is allowable, we reimburse the owner for severance taxes that have been withheld. pv magazine offers daily updates of the latest photovoltaics news. Scout has expertise in all aspects of renewables project development, permitting, power marketing, finance, construction, 24/7 operations, and asset management. We underwrote both transactions without the benefit of the Inflation Reduction Act so the additional incentives now available represent a significant boost to each business. Last updated: March 20, 2023. Let us know if there is a change of address. Contacts Quinbrook Media Contact: Jennifer Pflieger +1 Google Signs 15-Year Renewable Energy Purchase Agreement in U.S. The company issued filings that it raised $318.25m through Scout Energy Partners III-A, LP and Scout Energy Partners III-B, LP on April Mechanical problems, operational problems, routine maintenance, and even weather conditions may cause a well to have some downtime. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so. and throughout prior funds including Scout Energy Partners I, II, III and IV and across over $2 billion acquisition value of upstream assets. The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. You will need to contact your tax advisor regarding questions concerning your tax return. Over that period, Quinbrook deployed a further US$470 million of equity capital from its managed funds and spearheaded the rapid growth of Scout into a fully integrated developer, owner and operator of a diverse and multi-technology asset portfolio spanning 1,200 MW of operational wind projects in four states, including 400 MW managed on behalf of third parties, and plans to deliver over 22 GW of wind, solar and storage projects across 24 states by the end of this decade. The acquisition of the $400m Blue Sky Project follows closely on the heels of Scouts announced purchase of a 112 MW solar project in Missouri. Our two companies share a mutual passion for renewables and company cultures that recognize and amplify excellence and equity we are the ideal match.. Quinbrook Media Contact: US renewable energy major Brookfield Renewable has agreed to spend up to US$2 billion in order to acquire both Scout Clean Energy (Scout) and Standard Solar, Including your Owner Number(s)/Business Associate Number/Payee Number is necessary to complete this process. You will need to email the Direct Deposit request to ownerrelations@scoutep.com Instructions will be sent to you in a reply email. Scout Clean Energy, a Boulder, Colorado-based renewable energy developer, owner and operator announced the acquisition of the utility-scale Blue Sky If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this. The difference could also occur due to the rounding of decimal interests, or one owner may be setup with a different minimum check threshold.

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