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Entries in Brookfield Renewable Power Corporation (1)

Brookfield Renewable Power generates power from the very rivers that launched the Ottawa Valley’s logging heritage

With administrative and senior management offices in Gatineau, Quebec, Brookfield Renewable Power’s connections to the Ottawa Valley run as deep as the rivers that feed both Ontario and Quebec power grids, and as high as the winds turning the company’s new generation of clean power.

Brookfield Renewable Power has developed and successfully operated hydroelectric power facilities for over 100 years. The company’s portfolio comprises more than 3,900 megawatts of capacity and includes 160 hydroelectric power generating stations located on over 60 river systems and one wind farm in northeastern North America and Brazil.

Waterpower is green, clean and renewable. In addition to supporting renewable energy through its own operations, Brookfield Renewable Power has worked with industry participants and governments to build an investment and regulatory climate that supports the development of sustainable renewable energy projects.

The company has played a lead role in the Ontario Waterpower and Windpower Task Forces and is an active member of the Ontario Waterpower Association, the Canadian Hydropower Association and the Canadian Wind Energy Association.

In 1999 Brookfield Renewable Power established the Great Lakes Hydro Income Fund (TSX-GLH.UN), a publicly traded investment vehicle to acquire long-life, low cost generating assets which provide stable and sustainable cash distributions to unitholders. Brookfield Renewable Power owns 50.1% of the units with the remaining 49.9% held by the public.

Great Lakes Hydro Income Fund owns, operates and manages high quality assets which produce electricity exclusively from environmentally friendly hydroelectric resources through five integrated hydroelectric generation systems located in Quebec, and Ontario – with significant resources in the Ottawa Valley – British Columbia, and New England. These facilities include 26 hydroelectric generating stations with significant water storage and installed capacity of 1,015 megawatts ("MW"), generating on average, 3,874 gigawatt hours ("GWh") of electricity annually.

Brookfield Renewable Power also owns and operates wind energy projects to offer clean renewable electricity. The Prince Wind Energy Project in Sault Ste. Marie, Ontario, comprises 126 wind turbines extending over nearly 20,000 acres. With a total installed capacity of 189 megawatts, Prince is now the largest wind farm in Canada.

Why Ottawa

The Ottawa Valley’s heritage is intrinsically tied to the region’s timber and water resources. In the 19th century the  Ottawa River and tributaries such as the Lièvre, Noire and Coulonge carried logs to market for eventual sale to Europe. Today, trucks carry the timber to mostly domestic markets, while the mighty waterways are harnessed for power by Brookfield Renewable Power.

In keeping with its significant hydro facilities footprint in the Ottawa Valley, the company’s senior management and administrative offices are located in Gatineau, Quebec, just across the Ottawa River from the nation’s capital.

Business Advantage

Brookfield Renewable Power is owned by Toronto-based Brookfield Asset Management Inc., a global asset manager focused on property, power and other infrastructure assets with approximately $95 billion of assets under management. In 2007, Brookfield Asset Management recorded its highest ever cash flow from operations of $1.9 billion, a slight increase over 2006 but more than double 2005 results.

Brookfield Asset Management’s shares have been listed on the Toronto Stock Exchange (TSX) since 1997 and the New York Stock Exchange (NYSE) since 2000. In March of 2008, the company’s shares began trading on the Euronext Amsterdam exchange.

Future Growth Plans

Through the acquisition of new renewable generation facilities, the development of greenfield renewable energy projects, and the enhancement of existing operations, Brookfield Renewable Power maintains its track record of managed growth and operational excellence.

Contact Information

Brookfield Renewable Power Corp. Gatineau Office
Toll-free: 888-327-2722
www.brookfieldpower.com


Posted on Wednesday, April 23, 2008 at 03:08PM by Registered CommenterSite Administrator in | CommentsPost a Comment | EmailEmail | PrintPrint