British Columbia Investment Management Corp (BCI), Norges Bank Investment Management and Brookfield Asset Management have launched Northview Energy, an acquirer and owner of contracted renewable assets in the US and Canada. The three investors will equally fund and own the company, which is expected to officially launch in the second quarter of 2026.

As part of the deal, Northview will acquire a seed portfolio of assets from renewable energy companies currently managed by Brookfield, including assets from Deriva Energy, Scout Clean Energy and Urban Grid. The seed portfolio comprises 22 contracted utility-scale solar and onshore wind assets representing about 2.3 gigawatts of operating capacity. Northview has also entered into a framework agreement for future acquisitions of renewable assets from Brookfield-managed portfolio companies representing up to $1.5 billion of equity capital.

Future acquisitions are expected to focus on de-risked operating assets, including onshore wind, utility-scale solar and battery storage. The partners will share customary governance rights, with a dedicated management team to be appointed to lead the company. Lincoln Webb, BCI's executive vice president and global head of infrastructure & renewable resources, described the platform as a highly strategic addition to their infrastructure portfolio, designed to be resilient in an evolving energy landscape.