Brookfield Renewable Completes Acquisition of 351 MW Hydroelectric Portfolio
HAMILTON, BERMUDA -- (Marketwire) -- 03/01/13 -- Brookfield Renewable
Energy Partners L.P. (TSX:BEP.UN) ("Brookfield Renewable") today
announced the completion of the previously announced acquisition of a
351 MW hydroelectric portfolio from a subsidiary of NextEra Energy
The portfolio consists of 19 hydroelectric facilities and eight
upstream storage reservoirs primarily on the Kennebec, Androscoggin
and Saco rivers in Maine, with an expected average generation of
approximately 1.6 million megawatt hours annually.
The acquisition complements Brookfield Renewable's existing portfolio
and operating platform and increases its footprint in the New England
market to nearly 1,300 MW of installed capacity.
As previously disclosed, Brookfield Renewable expects to have
institutional partners co-invest alongside it for up to 50% of the
portfolio through a private fund sponsored by Brookfield Asset
Brookfield Renewable Energy Partners (TSX:BEP.UN) operates one of the
largest publicly-traded, pure-play renewable power platforms
globally. Its portfolio is primarily hydroelectric and totals more
than 5,600 megawatts of installed capacity. Diversified across 69
river systems and 11 power markets in the United States, Canada and
Brazil, the portfolio generates enough electricity from renewable
resources to power more than two million homes on average each year.
With a virtually fully-contracted portfolio of high-quality assets
and strong growth prospects, the business is positioned to generate
stable, long-term cash flows supporting regular and growing cash
distributions to unitholders. For more information, please visit
Investor Contact: Brookfield Renewable Energy Partners L.P.
Director, Investor Relations
Media Contact: Brookfield Renewable Energy Partners L.P.
Director, Corporate Communications
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