| |
Brookfield
Renewable Power Completes Acquisition of Minnesota Hydroelectric
Facility
GATINEAU, Québec,
April 1, 2008 – Brookfield Renewable
Power Inc. announced today that it has completed the
previously-announced acquisition of the Twin Cities hydroelectric
facility in St. Paul, Minnesota, from Ford Motor Company.
The run-of-river facility is located on the Mississippi
River and has a total installed capacity of
18 megawatts (MW), producing approximately 100 gigawatt hours
(GWh) of energy annually. All power generated by the facility
will be sold into the Midwestern wholesale electricity market.
“This enhances our renewable power platform and marks
our expansion into the Midwestern energy market, one of the
world’s largest,” said Harry Goldgut, Chairman
and Co-Chief Executive Officer of Brookfield Renewable Power. “We’re
very pleased with the facility and the opportunity to participate
in the economy and community of St. Paul.”
"We're delighted that Brookfield Renewable Power will
continue our legacy of generating green power in the Twin
Cities community," said Jay Gardner, Ford Land's director
of real estate.
- 30 -
About Brookfield Renewable Power
Brookfield Renewable Power Inc., wholly-owned by
Brookfield Asset Management Inc., has over 100 years of experience
as an owner, operator and developer of hydroelectric power
facilities. Its portfolio includes more than 160 generating
facilities with over 3,900 megawatts of capacity, of which
95% is sourced
from renewable energy. It also has a 6,500 megawatt hydroelectric
and wind project pipeline. Brookfield Renewable Power’s
operations are primarily located in North America and Brazil.
Brookfield Asset Management Inc., focused on property, power
and infrastructure assets, has approximately US$95 billion
of assets under management and is listed on the New York
and Toronto Stock Exchanges under the symbols BAM and BAM.A,
respectively, and on Euronext Amsterdam under the symbol
BAMA. For more information, please visit Brookfield Renewable
Power’s website at www.brookfieldpower.com and Brookfield
Asset Management’s website at www.brookfield.com.
Contact
Brookfield Renewable Power Inc.
Zev Korman
Director, Investor Relations & Communications
Tel: (416) 359-1955
e-mail: zkorman@brookfield.com
|
 |
|
