Mergers & Acquisitions ·
Korea commits up to $120B for eight Westinghouse nuclear reactors on U.S. federal sites
BAMBrookfield Asset Management Ltd.
Brookfield Asset Management welcomed a strategic framework agreement between the U.S. Government and the Republic of Korea to support the deployment of Westinghouse nuclear technology in the United States. The agreement commits up to $120 billion of Korean investment to finance the construction of eight large nuclear reactors on federal sites, including six Westinghouse AP1000 units and two APR1400 units incorporating Westinghouse technology. Korea will make a cornerstone equity investment of between 5% and 10% in Westinghouse. This initiative builds on a prior partnership announced in October 2025 to fund at least $80 billion of Westinghouse reactors, separate from a June 2026 Department of Energy loan arrangement. Brookfield Asset Management Ltd. is a leading global alternative asset manager with over $1 trillion in assets under management across infrastructure, energy, private equity, real estate, and credit.