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Brookfield
Power Completes Canada’s Largest Wind Farm
Gatineau, Quebec, November 22, 2006 –
Brookfield Power announced today that it has completed both
phases of the Prince Wind Energy Project, located northwest
of Sault Ste. Marie, Ontario.
The Prince Wind Energy Project is comprised of 126 wind turbines
extending over nearly 20,000 acres. With a total installed
capacity of 189 megawatts (MW), Prince is now the largest
wind farm in Canada.
The first phase of the project, consisting of 99 megawatts
was commissioned on September 21, 2006; and, phase two, consisting
of 90 megawatts, was commissioned on November 19, 2006. Both
phases were awarded 20-year power supply agreements under
the Ontario Government’s request for proposals for new
renewable energy supply. Construction of the wind farm began
in September 2005, creating over 300 on-site jobs at its peak.
15 full-time staff will be employed to manage the wind farm
now that it is fully operational.
"The completion of our first wind development represents
a major achievement for Brookfield Power - increasing our
total capacity to almost 3,800 MW and expanding our renewable
power portfolio in Ontario to almost 1,200 MW,” said
Harry Goldgut, Chairman and Chief Executive Officer, Brookfield
Power. "In a little over a year we have constructed Canada’s
largest wind farm. It's a tribute to the members of the local
communities, our employees and construction partners and everyone
else who supported this development, including all levels
of government."
"Ontario is now Canada's leading wind power generator
thanks in part to the opening today of the Prince wind farm,"
said Energy Minister Dwight Duncan. "I want to thank
Brookfield Power for their investment in Ontario's green energy
future."
The Prince Wind Energy Project will produce enough clean,
renewable energy to power 40,000 homes on an annual basis.
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About Brookfield Power
Brookfield Power comprises the power generating and marketing
operations of Brookfield Asset Management Inc. Brookfield
Power has developed and successfully operated hydroelectric
power facilities for almost 100 years. Brookfield Power’s
portfolio comprises almost 3,800 megawatts of capacity and
includes 138 hydroelectric power generating stations and 1
pumped storage facility located on 49 river systems, 1 wind
farm, 2 thermal plants and transmission and distribution assets,
principally in the northeastern North America and South America.
(See www.brookfieldpower.com for more details). Brookfield
Asset Management Inc., focused on property, power and infrastructure
assets, has over US$50 billion of assets under management
and is co-listed on the New York and Toronto Stock Exchanges
under the symbol BAM. (See www.brookfield.com for more details).
Brookfield Power
Grace Pollock
Director, Corporate Communications & Investor Relations
Tel: (819) 561-8072
Email: grace.pollock@brookfieldpower.com
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