Brookfield Renewable Completes U.S. Hydro Acquisition

Brookfield Renewable Completes U.S. Hydro Acquisition 
Acquires 33% interest in 417 MW Safe Harbor facility in PJM 
HAMILTON, BERMUDA -- (Marketwired) -- 03/28/14 -- Brookfield
Renewable Energy Partners L.P. (TSX:BEP.UN) (NYSE:BEP) ("Brookfield
Renewable") and its institutional partners have completed the
previously announced acquisition of a 33% economic interest in the
417 MW Safe Harbor hydroelectric facility from a private seller.
Brookfield Renewable will assume approximately 40% of the investment
with its institutional partners accounting for the remainder.  
Safe Harbor is situated on the Susquehanna River in Pennsylvania and
generates an average of 1,100 GWh annually. The facility possesses
storage capabilities supporting daily peaking and is one of the
largest conventional hydroelectric facilities in the PJM market. 
Brookfield Renewable Energy Partners (TSX:BEP.UN) (NYSE:BEP) operates
one of the largest publicly-traded, pure-play renewable power
platforms globally. Its portfolio is primarily hydroelectric and
totals approximately 6,000 megawatts of installed capacity.
Diversified across 70 river systems and 12 power markets in the
United States, Canada and Brazil, the portfolio's output is sold
predominantly under long-term contracts and generates enough
electricity from renewable resources to power more than three million
homes on average each year. With a 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 shareholders. For more information, please visit
Brookfield Renewable Energy Partners L.P.
Zev Korman
Vice President, Investor and Media Relations
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