The Globe and Mail reports in its Wednesday edition that the renewable-power arm of Brookfield Asset Management reaped nearly $1-billion (U.S.) in proceeds by selling stakes in three assets that produce wind and hydro power over the past week, reflecting a more stable environment for interest rates. The Globe's James Bradshaw quotes the Toronto-based asset manager saying Tuesday that it has a deal to sell its 25-per-cent stake in First Hydro Co., a British energy generator, to Quebec pension fund, the Caisse. The rest of the company is owned by French utility Engie SA. Brookfield has also agreed to sell Saeta Yield, which develops and operates wind and solar power in Spain and Portugal, to Abu Dhabi Future Energy Company PJSC-Masdar, a renewable-energy company based in the United Arab Emirates. The sale gives Saeta an implied enterprise value of $1.4-billion (U.S.), including debt. In the third transaction, the company sold a 25-per-cent stake in Shepherds Flat, a 338-turbine wind farm in Oregon, to alternative asset manager GCM Grosvenor. Brookfield will stay on as an owner, and managing director Jeh Vevaina said the company still sees ways to "further enhance value at Shepherds Flat," working with GCM.