As per the deal, Brookfield will acquire around 321MW operational wind capacity across 17 wind projects that are located in eight counties in Ireland. The portfolio represents around 15% of the installed wind capacity in the country.
Expected to close in the second quarter of 2014, the transaction also includes an additional 125MW currently in construction and an approximate 300MW wind development pipeline.
Brookfield Renewable Energy Partners president and CEO Richard Legault said this is truly a milestone investment for Brookfield Renewable.
"The Bord Gáis portfolio represents an ideal entry point into the European market, bringing with it high quality renewable assets and an experienced team of approximately 70 professionals with operating, development, technical, commercial, and finance expertise," added Legault.
"Moreover, this first acquisition outside the Americas provides us with a strong foundation to build a scalable renewable energy business in Europe."
