Canada’s Brookfield Asset Management has launched a €995m ($1.22bn) takeover bid for Spanish wind and solar operator Saeta Yield.
Saeta Yield – which runs 884MW of renewables capacity – disclosed the offer for 100% of the company to investors on the Madrid stock exchange on Tuesday.
The Spanish company lists assets on its website of 539MW of wind and 250MW of solar thermal in its home market, plus 95MW of wind in Uruguay.
