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Europe

Following our first investment in 2014, our European business has grown to include facilities across Ireland, the U.K., Spain and Portugal. We are a leading continental independent power producer with fully integrated investment, operating, power marketing and development capabilities.

Wind
Wind Facilities
48
Installed Capacity
3,500 MW
Power Markets
3
Operating Employees
120

Social Responsibility

As a long-term owner and operator of renewable power assets, Brookfield believes it is important to be an active partner in the communities in which we develop projects and operate. In Europe we offer a community benefit program for the communities around our development and operational sites designed to support community development.
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Case Studies

Ireland
Brookfield identified a unique opportunity to acquire Bord Gáis Energy’s Irish wind business, a 321 MW portfolio of high-quality operating wind assets, a 300 MW development pipeline, and an experienced team with full operating, development, commercial and financial expertise. The acquisition established Brookfield Renewable’s first operating platform outside the Americas and provided a scalable base for further European expansion. Since completing the acquisition in June 2014, we have built out the business by investing in people and processes, commissioned 70 MW of operational capacity, completed a number of tuck-in acquisitions and continued to expand our greenfield development pipeline across the island of Ireland.
Portugal

In early 2015, Brookfield identified a 123 MW operating wind portfolio in Portugal, providing the opportunity to make an attractive investment into an established portfolio of wind assets. The sites, located in north and western Portugal have top-tier technology from global manufacturers and strong wind resource supported by a robust operating history. Portugal offers a significant renewables market with stable policies and a steadily improving economic environment. Marking the second acquisition for our European renewable business, the portfolio has since been fully integrated with our existing platform.

U.K. Hydro
In August 2017, Brookfield completed the acquisition of a 25% stake in First Hydro, the UK's largest pumped storage asset. First Hydro manages and operates 2.1 GW of pumped storage facilities at the Dinorwig and Ffestiniog power stations in the Snowdonia region of Wales and represents 75% of the UK's pumped storage capacity and 50% of its hydro capacity. With the UK facing tightening supply margins, First Hydro provides an opportunity to invest in facilities providing critical back-up power and grid stabilization services.
Spain
In 2018, Brookfield, through Terraform Power, acquired Saeta Yield a 1028 MW renewable power business of top-tier wind and solar assets located primarily in Spain but with additional capacity in Portugal and Uruguay. This acquisition represents Brookfield’s largest operating business in Europe to date and provides a platform for further growth in the Iberian region.