Scout Clean Energy Opens New Office in Ottawa
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 10 2026
0mins
Source: Globenewswire
- Project Launch: Scout Clean Energy has opened a new office in Ottawa and commenced construction on the 150 MW Trail Road Battery Energy Storage System, marking a significant advancement in its Canadian market efforts, with completion expected in 2027 to enhance grid reliability and meet rapidly rising electricity demand.
- Community Collaboration: This project, in partnership with the Algonquins of Pikwàkanagàn First Nation, will not only provide job opportunities for local residents but also fund community organizations, demonstrating Scout's commitment to community development and sustainable growth.
- Market Expansion: Scout is responsible for developing approximately 2,000 MW of renewable energy assets in North America and is advancing a pipeline of about 20,000 MW of wind, solar, and storage projects, showcasing its strong capabilities and market potential in the renewable energy sector.
- Government Support: The Ontario Minister of Energy and Mines highlighted that this project will enhance grid reliability and reduce energy costs for families, reflecting the government's emphasis on building renewable energy infrastructure to support local economic growth.
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Analyst Views on BAM
Wall Street analysts forecast BAM stock price to rise
9 Analyst Rating
5 Buy
4 Hold
0 Sell
Moderate Buy
Current: 47.980
Low
56.59
Averages
64.98
High
74.46
Current: 47.980
Low
56.59
Averages
64.98
High
74.46
About BAM
Brookfield Asset Management Ltd. is a global alternative asset manager, offering a broad range of investment strategies designed to build and preserve wealth for institutional and individual investors. The Company invests client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. It offers a range of alternative investment products to over 2,500 institutional clients around the world, including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. Its products have three categories, which include long-term private funds, permanent capital vehicles and perpetual strategies, and liquid strategies. These are invested across five principal strategies: renewable power and transition, infrastructure, real estate, private equity, and credit.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Capital Recycling Strategy: By acquiring existing, cash-flow-positive companies, Brookfield Renewable optimizes its capital recycling strategy, avoiding the risks associated with building high-cost projects from scratch, thereby ensuring long-term shareholder interests and stable dividend growth.
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See More
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- Management Fee Revenue: Brookfield Asset Management generates stable cash flow and shareholder returns through management fees from its industry-focused asset managers, ensuring consistent financial performance across its diverse portfolio.
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See More
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See More
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- Funding Support: Brookfield Management is providing committed financing and plans to syndicate some preferred equity to other private credit investors, enhancing the financial security of the deal and demonstrating market confidence in the acquisition.
- Morgan Stanley's Involvement: Morgan Stanley is backing the transaction with approximately $1 billion in debt support, further solidifying the financial foundation of the acquisition and potentially accelerating its completion.
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See More
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See More
