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Brookfield Renewable Power Fund Announces its Acquisition of the 166 MW Comber Wind Project and Third Quarter Results
Brookfield Renewable Power Fund Announces its Acquisition of the 166 MW Comber Wind Project and T...
About this update from Brookfield Renewable Partners Lp
[{"type":"text","content":"\n\n\n\n Nov. 9, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nGATINEAU, QC, Nov. 9 /CNW Telbec/ - (BRC.UN) - Brookfield Renewable Power Fund (the "Fund") announced today that it has entered into a definitive agreement to\n acquire the 166 MW Comber Wind project ("Comber") from Brookfield\n Renewable Power Inc. ("BRPI"). The Fund also reported its financial and\n operating results for the third quarter ended September 30, 2010. \n Additional information on the Fund's strategy and results can be found\n in its Letter to Unitholders and Supplemental Information available at www.brpfund.com under Investor Relations/Financial Highlights.\n\n\n"We are excited to announce the addition of Comber to the Fund," said\n Richard Legault, President and CEO. "Comber is a natural fit within the\n Fund's portfolio and complements its strategy focused on high-quality,\n contracted Canadian renewable power assets. This acquisition will bring\n the Fund's total wind portfolio to more than 400 megawatts by the end\n of 2011, and will be financially accretive while providing value-added\n diversification and tax attributes in the process."\n\n\n"We are also encouraged by recent hydrology trends which have resulted\n in improved generation levels at the end of the quarter and significant\n improvement in our reservoir levels which positions us well for the\n fourth quarter," added Mr. Legault. \n\n\nCOMBER WIND PROJECT ACQUISITI...