Brookfield Power Acquires Two Hydroelectric Generating Stations in NY

Gatineau, Quebec [] Brookfield Power completed the acquisition of two hydroelectric generating facilities from Raquette Hydro Power Ltd. for an undisclosed price. This acquisition includes the Hewittville and Unionville hydroelectric generating stations located on the Raquette River in New York. These run-of-the-river facilities have a combined generating capacity of 6 megawatts (MW), capable of producing on average 35 gigawatt hours of electricity annually. All power will continue to be sold to Niagara Mohawk Power Corporation, an electricity distributor and a subsidiary of National Grid, under a long-term Power Purchase Agreement. “This acquisition is consistent with Brookfield Power’s strategy of expanding its renewable energy portfolio, and an excellent fit with our existing portfolio in New York, which totals more than 800 megawatts of installed hydro capacity,” said Harry Goldgut, Co-Chairman and Chief Executive Officer of Brookfield Power.
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