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Brookfield buys UK firm Banks Renewables

Richard Heap
October 3, 2023

Canadian investment giant Brookfield has paid $1bn to buy UK developer Banks Renewables from Banks Group for its second Brookfield Global Transition Fund.

Banks operates 11 onshore wind farms in the UK and Scotland, including the 67MW Kype Extension Wind Farm in South Lanarkshire that is due to be commissioned soon.

Sebastian Perl, vice president at Brookfield, said the UK was "a high-quality location for renewable energy development".

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