Brookfield Renewable to buy California and Maine hydro assets from ArcLight

Toronto-based renewable power investor Brookfield Renewable Energy Partners (TSX: BEP.UN; NYSE: BEP) has agreed to acquire a further 50% interest in its 30 MW Malacha Hydro facility in California, and a 70 MW hydroelectric portfolio in Maine. The seller in the two undisclosed transactions, which are expected to close before the end of 2013, is energy-focused private equity firm ArcLight Capital Partners. Brookfield Renewable Energy owns a variety of hydroelectric assets in Canada, the United States and Brazil.

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