William Mathis and Priscila Azevedo RochaBenjamin Klein, senior portfolio manager at Baskin Wealth Management, joins BNN Bloomberg to discuss his top stocks this Canadian earnings season.
The asset manager said earlier this year that it raised $10 billion for a fund dedicated to investing in the energy transition as well as $2.4 billion for a similar fund focused on emerging markets. It’s now looking for investments of around $1 billion of equity, according to Natalie Adomait, managing partner in Brookfield’s renewable power and transition group.
Any deal would follow the firm’s purchase this year of a majority stake in Neoen SA that moved it closer to a €6.1 billion takeover of the French renewable developer. That came after troubles in the offshore wind industry — including higher interest rates and supply chain snarls — cut valuations of publicly-traded renewable power companies.
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