Purchase of NY-based utility's solar, wind and battery storage projects across the U.S. will be big domestic market share boost for European developer.
Brookfield Asset Management is set to add 20 GW of solar and battery storage project potential in buying Virginia-based Urban Grid, but sector faces growing hurdles in grid connectivity and supply chain.
The firm is valued at $1.9B in link with NASDAQ-traded investor, but Fluor stays a majority stakeholder and exclusive engineer-builder of planned small reactors for global clients.
Design giant sees revenue drop, noting "large" claim on storm cleanup work, but cites positive earnings; CEO is quiet on reported WSP merger talks and his successor.