NEWS RELEASE TRANSMITTED BY Marketwired
FOR: Brookfield Renewable Energy Partners L.P.
TSX SYMBOL: BEP.UN
NYSE SYMBOL: BEP
MARCH 28, 2014
Brookfield Renewable Completes U.S. Hydro Acquisition
Acquires 33% interest in 417 MW Safe Harbor facility in PJM
HAMILTON, BERMUDA--(Marketwired - March 28, 2014) - 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 www.brookfieldrenewable.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Brookfield Renewable Energy Partners L.P.
Vice President, Investor and Media Relations
INDUSTRY: Energy and Utilities - Alternative Energy, Environment - Natural
-0- Mar/28/2014 21:05 GMT
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