A consortium comprised of Cameco and Brookfield Renewable, together with its institutional partners, has signed an agreement to acquire Westinghouse Electric Company from Brookfield Business Partners (BBU).
Brookfield Renewable will own a 51 percent stake in Westinghouse and Cameco will own 49 percent. Financial details were not disclosed.
This transaction brings Westinghouse’s clean power technologies under Brookfield Renewable’s hydroelectric, wind, solar, energy storage and distributed generation portfolio, and alongside Cameco’s expertise in front-end uranium fuel capabilities. This will strengthen Westinghouse’s presence in nuclear technology globally.