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Mitsubishi, Brookfield launch €400 million renewable energy platform backed by 570 MW portfolio
Mitsubishi HC Capital and Brookfield Asset Management have formed a joint venture to acquire and operate a diversified portfolio of contracted renewable energy assets across Europe, launching a new platform backed by approximately €400 million in equity value and 570 megawatts (MW) of installed capacity.
The privately held venture will initially focus on managing a portfolio of operating renewable energy assets located across the United Kingdom, Spain, Sweden, Finland, France, and Ireland.
Seed portfolio supported by long-term contracts:
The platform’s seed portfolio comprises approximately 570 MW of installed renewable energy capacity and is underpinned by long-term power purchase agreements (PPAs) with a weighted average remaining term of around 10 years.
According to the companies, the contracted nature of the assets provides a highly stable cash-flow profile, generating predictable income while offering resilience and downside protection across market cycles.
Expansion opportunities under review:
In addition to managing the initial portfolio, the joint venture is evaluating potential acquisitions of additional renewable energy assets in Europe and Australia.
Future investments are expected to focus on stabilized operating assets, including onshore wind farms, utility-scale solar projects, and battery energy storage systems. The companies said prospective acquisitions will be supported by commercial arrangements similar to those underpinning the seed portfolio.
Brookfield to manage operations:
The joint venture will be jointly controlled by Mitsubishi HC Capital and Brookfield through customary governance arrangements.
Brookfield will oversee the platform’s operations, supported by an experienced management team appointed to lead the business. Any future acquisitions will require approval from both partners, with each contributing capital on a pro rata basis.
Partners target long-term growth:
Hayato Shinada, Senior Corporate Officer and General Manager of the Global Environment & Energy Department at Mitsubishi HC Capital, said the initiative aligns with the company’s medium-term strategy to expand investments in high-profitability business areas.
He noted that Mitsubishi HC Capital intends to combine its financial and investment expertise with Brookfield’s asset management capabilities to build and scale the platform while leveraging experience gained through its broader European renewable energy partnerships, including European Energy A/S.
Ignacio Paz-Ares, Deputy Chief Investment Officer for Brookfield’s Energy group, said the platform is anchored by a diversified portfolio of high-quality operating assets and offers significant opportunities for future capital deployment across Europe and Australia.
Launch expected in second half of 2026:
The companies expect the joint venture to officially launch during the second half of 2026, subject to regulatory approvals and customary closing conditions.
Macquarie Capital and Santander acted as exclusive financial advisers to Mitsubishi HC Capital and Brookfield, respectively, on the seed portfolio transaction.
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