The Globe and Mail reports in its Thursday edition that Brookfield Asset is wading into the offshore wind sector with a $2.3-billion investment to buy minority stakes in four wind farms off the coast of England from beleaguered energy company Orsted A/S. The Globe's James Bradshaw writes that Brookfield is acquiring 12.45-per-cent stakes in the wind farms, which are already operating and have a combined capacity to generate about 3.5 gigawatts of electricity. The investment is being made through Brookfield's fifth flagship infrastructure fund, with participation from its renewable energy arm and its institutional partners. Until recently, Brookfield had mostly steered clear of investments in offshore wind, even as it emerged as a renewable energy powerhouse. The long development timelines for new projects and uncertainty about costs, especially amid high interest rates, were calculated to be too risky for some of Brookfield's funds, which gravitate toward assets with stable cash flows from predictable contracts. However, as more projects have come on-line and turbines in the ocean have started turning, some developers and owners of wind farms have come under pressure, making opportunities to invest in their projects.