Quebec, Canada [RenewableEnergyWorld.com] Brookfield Renewable Power Inc. announced that it has completed the 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).
The plant produces 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, Co-CEO of Brookfield Renewable Power. “We’re very pleased with the facility and the opportunity to participate in the economy and community of St. Paul.”
Brookfield Renewable Power Inc. also announced that effective March 31, 2008, Brookfield Power Inc. (BPI) and its former wholly-owned subsidiary, Brookfield Power Corporation (BPC), have become one entity, Brookfield Renewable Power Inc. The new entity assumed, by operation of law, all of BPI’s and BPC’s existing obligations, including any outstanding public indebtedness.