BCI, Norges Bank, Brookfield Launch Northview Energy Platform
British Columbia Investment Management Corporation, Norges Bank Investment Management and Brookfield have partnered to launch Northview Energy, a privately held renewable energy platform designed to acquire and own contracted operating assets across the U.S. and Canada.
The company will be equally funded and owned by the three investors and will begin with a seed portfolio of 22 newly operational utility-scale solar and onshore wind assets sourced from renewable developers managed by Brookfield, including Deriva Energy, Scout Clean Energy and Urban Grid.
The portfolio represents approximately 2.3 gigawatts of operating capacity diversified across six U.S. power markets experiencing strong electricity demand growth. All assets are supported by long-term power purchase agreements with investment-grade counterparties, with a weighted average remaining contract term of roughly 16 years.
Northview Energy will be overseen by a dedicated management team, while the three institutional investors will share customary governance rights.
The platform has also signed a framework agreement to pursue additional renewable acquisitions from Brookfield-managed portfolio companies in the U.S. and Canada, representing up to $1.5 billion of potential equity capital.
Northview Energy is expected to officially launch during the second quarter of 2026.
TD Securities acted as exclusive financial advisor to Brookfield on the sale of the seed portfolio and commitment for future acquisitions.