Canada’s Brookfield Renewable Corporation has agreed to pay $1bn to acquire Colorado solar and wind developer Scout Clean Energy and announced the closing of its $540m purchase for Maryland based Standard Solar.

Brookfield will invest an additional $350m to support Scout’s business development activities and a potential $160m more for the same purpose in Standard Solar.

Both Scout and Standard Solar will continue to operate as independent businesses within the Brookfield Renewable US platform, whose CEO is Mitch Davidson, former head of NextEra Energy Resources, the largest US wind and solar player.