Hydro operator Brookfield to supply renewables to N.Y.’s Long Island

Brookfield Renewable Power has won approval of the state of New York to sell renewable energy to Long Island Power Authority (LIPA) on New York’s Long Island.

Brookfield, which operates more than 165 hydroelectric projects including 75 in New York totaling 702 MW, said June 25, 2009, that its 10-year power contracts with LIPA and the New York Power Authority (NYPA) received approval of the New York state comptroller and the attorney general.

The hydro operator said annual delivery of 300 gigawatt-hours of renewable energy will begin in July.

“These agreements are consistent with our strategy of entering into longer-term sales contracts with strong counterparties for a majority of our energy production,” Brookfield Renewable President Richard Legault said. “The high quality and renewable nature of our portfolio offers compelling attributes in today’s energy market and will help LIPA to meet its targets for providing renewable energy to its customers.”

The contracts represent the second long-term power purchase between a Brookfield unit and LIPA. NYPA is purchasing a portion of the power on LIPA’s behalf.

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