They’ve harmed enough people with their energy policies: Rep. Kevin Brady
Rep. Kevin Brady, R-Texas, discusses the Biden administration’s energy policies and the GOP’s plan for tax reform on “Fox Business Tonight.”
One of the world’s biggest clean-energy investors is buying a pair of U.S. renewable developers for $1.5 billion, in bets that add to the money flooding into projects despite this year’s market volatility.
Brookfield Asset Management Inc.’s renewable power unit is acquiring wind and solar firm Scout Clean Energy LLC for $1 billion. It is also buying Standard Solar Inc. for $540 million, company officials said, after originally saying they’d pay $530 million. Brookfield said it could invest more than $500 million more across the two companies to help them grow faster.
Large investors such as Brookfield are pouring money into clean-energy firms, betting that strong demand will support renewable developers through a period of rising interest rates and economic uncertainty.