Brookfield Renewable buys rest of Safe Harbor facility for $613 mln
Canadian renewable power investor Brookfield Renewable Energy Partners has completed its previously announced acquisition of the 417 MW Safe Harbor hydroelectric facility. Brookfield Renewable and its institutional partners bought the 67 percent interest in the facility that it did not already own from a subsidiary of Exelon Corp for around US$613 million. Safe Harbor is situated on the Susquehanna River in Pennsylvania and generates an average of 1,100 GWh annually. Brookfield Renewable and its partners took an initial interest in the facility in early 2014 for US$289 million.
11 August 2014•2 mins read
