The Toronto-based asset management firm is acquiring wind and solar firm Scout Clean Energy for US$1 billion and Standard Solar for US$540 million. It may invest another US$510 million in the pair of companies to help them scale. (The Logic)

Talking point: The acquisitions came through Brookfield’s US$15-billion clean-energy fund, co-led by former Bank of Canada and Bank of England governor Mark Carney. Both companies are expected to benefit from new climate policies and tax credits introduced through the recent Inflation Reduction Act passed in the U.S. last month. The act has boosted confidence for a growing list of investors betting big on clean energy, spurring deal-making in the sector.