• Connect With Us:
  • Brookfield completes purchase of 15 hydro plants

    GATINEAU, Quebec, Canada 9/2/09 (PennWell) – Brookfield Renewable Power Fund, formerly known as Great Lakes Hydro Income Fund, has completed its purchase of 15 hydropower plants with a capacity of 387 MW from Brookfield Renewable Power Inc.

    More than 90 percent of the fund’s shareholders approved the acquisition during a special meeting Aug. 19, 2009. The C$945 million (US$813 million) purchase also includes a proposed wind power project.

    The deal, which was announced in July, increases the fund’s portfolio of renewable power to 1,700 MW, including 42 hydropower plants and two wind farms. (HydroWorld 7/9/09)

    The acquired hydro projects are: Great Lakes Power Ltd.'s 12 hydro projects totaling 349 MW on the Magpie, Michipicoten, Montreal, and St. Mary's rivers in northern Ontario; Hydro-Pontiac's Waltham and Coulonge projects totaling 28 MW on the Noire and Coulonge rivers in Quebec; and 10-MW Valerie Falls on Seine River in Ontario.

    Hydro Industry Financials

    Most Read Articles

    Recent Comments

    Buyers Guide Companies

    Canadian Babbitt Bearings Ltd

    Flowtite Pipe

    Brings directly to the US and Canadian markets ...

    Canadian Specialty Castings Inc

    Canadian Hydro Components Ltd

    Designs and manufactures axial flow, Kaplan and...

    Continuing Education

    Professional Development Hours
    To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

    Volume 32, Issue 10
    Volume 21, Issue 6

    Archived Articles

    2006 | 2007 | 2008 | 2009 | 2010 2011 | 2012 | 2013
    Hydro Review Past Issues

    Premium Content AD Promo Space