Toronto-based Brookfield is Canada’s largest alternative asset manager, with some C$240bn ($185bn) under management, and is the parent of Canadian yieldco Brookfield Renewable Energy Partners (Brookfield REP), a major owner of hydro and wind assets.
The 11.1 million Class A shares that Brookfield acquired in TerraForm Power, revealed on 29 June, makes it one of the yieldco’s largest shareholders. Meanwhile, Brookfield has swap agreements in place that could lift its stake to 24.8%,
