Cameco Corporation and Brookfield Renewable Partners, together with its institutional partners, are forming a strategic partnership to acquire Westinghouse Electric Company, one of the world’s largest nuclear services businesses.
Cameco is one of the largest global suppliers of uranium fuel for nuclear energy, with extensive uranium mining and milling operations, as well as refining and conversion facilities and CANDU fuel fabrication for heavy water reactors.
Brookfield Renewable is among the world’s largest investors in clean energy and transition assets, with approximately 125,000 MW of operating and development capacity worldwide.
Bringing together Cameco’s expertise in the nuclear industry with Brookfield Renewable’s expertise in clean energy positions nuclear power at the heart of the energy transition and creates a powerful platform for strategic growth across the nuclear sector.
Loyens & Loeff acted as Belgian legal counsel to Cameco, with Covington & Burling LLP acting as lead counsel. The core team consisted of Thomas Chellingsworth and Inès Silvestrini.