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US nuclear company Westinghouse emerges from bankruptcy protection
Published: 17 Aug 18
US major nuclear group Westinghouse Electric exited from bankruptcy protection (under Chapter 11 of US Bankruptcy Code) at the start of this month, when its takeover by Brookfield Business Partners came into effect. Brookfield, which is listed on the New York and Toronto Stock Exchanges and is itself a subsidiary of the Brookfield Asset Management group (also listed on the Toronto and New York Stock Exchanges and which has assets worth $285-billion under its management), acquired 100% of the embattled US company. The take-over, which cost Brookfield $4.6-billion, was originally announced in January.
Energy Roundup – August 2018 Energy Roundup – August 2018 Has PDF
Published: 03 Aug 18
Creamer Media's Energy Roundup is a monthly report providing a synopsis of energy-related news from South Africa in the past month. The August 2018 roundup covers activities across South Africa in July 2018, and includes details of African renewable-energy development platform and power producer BioTherm Energy reaching financial close on a 284 MW portfolio of wind and solar projects; the City of Cape Town’s plans to implement new renewable-energy projects; and independent power producer Globeleq’s agreement with an affiliate of Brookfield Asset Management to acquire Brookfield’s interest in its South African renewable-energy portfolio.
Globeleq acquires Brookfield’s South African renewables portfolio
Published: 03 Aug 18
Globeleq has entered into an agreement with an affiliate of Brookfield Asset Management to acquire Brookfield’s interest in its South African renewable energy portfolio.   The agreement is subject to various closing conditions and, once fulfilled, will give Globeleq a majority shareholding in six renewable projects totaling 178 MW, as well as ownership of Brookfield’s South African asset management company.  

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