Investment Spotlight: Shepherds Flat
Investment Spotlight
Urban Grid
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TRANSACTION OVERVIEW
Leading utility-scale solar developer in the U.S. with a 20,000-
megawatt development pipeline; 13,000 megawatts solar and
7,000 megawatts storage
Pipeline includes 2,000 megawatts of under construction or
ready-to-build solar projects and an additional 4,000 megawatts
of de-risked advanced stage buildout opportunities, that we
expect to build out backed by corporate contracts over the next
six years with additional upside from broader development
pipeline
$650 million purchase price with the opportunity to invest
hundreds of millions of dollars into further growth in the future
Transaction closed in Q1 2022
VALUE-ENHANCING THESIS
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Further establishes Brookfield Renewable as a leading
renewable energy provider in the United States, and allows us
to increase the scale of service to our largest customers
Provides late-stage development projects in core markets to
match with the abundance of corporate demand we are seeing
for green power and will benefit from synergies with our existing
operations
PJM interconnection queue reform will delay new greenfield
projects from securing interconnection until 2029, bringing
significant scarcity value to Urban Grid's pipeline
6,000 MW
READY-TO-BUILD AND
ADVANCED STAGE
14,000 MW
DEVELOPMENT
PIPELINE
Brookfield
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