Brookfield (NYSE: BN) is in exclusive talks to acquire a majority stake in Neoen SA with a view to launch a takeover offer that would value the French renewable energy developer at about €6.1 billion (around $6.6 billion).

The Canadian asset manager is discussing buying a 53.3 percent stake in Neoen, Bloomberg News reported. Brookfield, together with Brookfield Renewable Partners and Singapore’s Temasek Holdings Pte, plans to purchase the 42 percent owned by French billionaire Jacques Veyrat’s Impala SAS holding company. It will acquire the remainder from some other Neoen’s shareholders. A deal would rank as one of the largest take-privates in Europe this year and would come at a time when listed clean-power developers have been drawing takeover interest after declines in their stock prices in the wake of rising interest rates and equipment costs.

Brookfield’s plan “is to use our capital to accelerate” Neoen’s growth “to meet the growing demand that we continue to see for green power,” says Connor Teskey, the firm’s chief executive officer power & transition, as reported by Bloomberg.