Boulder-based Scout Clean Energy acquired for $1B

BOULDER — Scout Clean Energy, a developer and asset manager of renewable energy, was acquired for $1 billion Thursday by New-York-based renewable investment firm Brookfield Renewables. 

Brookfield acquired Scout from Houston-based Quinbrook Infrastructure Partners, which had purchased Scout for a $6 million initial investment as a startup in 2017. Quinbrook invested an additional $470 million into Scout over the years.

Since then, Scout has experienced 65% year-over-year growth and now manages about 1,235 megawatts across 20 projects, with another 20 gigawatts in development. 

“When Quinbrook first decided to sponsor Scout as a portfolio company, we were a very small team with big dreams,”…