British Columbia Investment Management Corporation (BCI), Norges Bank Investment Management (NBIM) and Brookfield have announced the launch of Northview Energy, a privately held renewable energy company that will acquire and own a diversified portfolio of contracted, operating renewable assets in the United States and Canada.
Northview Energy will be equally funded and owned by the three investors. The company will acquire a seed portfolio of assets from leading renewable energy companies currently managed by Brookfield, including assets from Deriva Energy, Scout Clean Energy and Urban Grid.
Northview offers a highly de-risked, stable cash flow profile, generating predictable income with strong downside protection and resilience across market cycles. The seed portfolio is comprised of 22 contracted, high-quality utility scale solar and onshore wind assets in power markets experiencing strong energy demand growth across the United States. The assets are newly operationa
