Brookfield Renewable completes acquisition of New England hydropower projects

Brookfield Renewable Energy Partners L.P. has completed its acquisition of 19 hydropower projects and eight upstream storage reservoirs from a subsidiary of NextEra Energy Resources, LLC.

The lot — comprised of facilities primarily located on the Kennebec, Androscoggin and Saco rivers in Maine and New Hampshire — is valued at about US$760 million and will add 351 MW of hydroelectric power to Brookfield Renewable‘s portfolio.

Brookfield Renewable (TSX: BEP.UN) said it now owns nearly 1,300 MW of installed hydropower capacity in New England markets. reported that Brookfield Renewable and NextEra Energy had agreed to the deal in December 2012.

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