Brookfield Renewable sells 25% interest in a hydroelectric portfolio

Torys acted as counsel to Brookfield Renewable with a team that included Karrin Powys-Lybbe, Josh Lavine, Min Kim, Jessica He and Daniel Masliyah (corporate/M&A), Rose Bailey and Yinka Olusoga (financing), John Tobin and Valérie Duchesneau (tax).

On October 31, 2018, Brookfield Renewable Partners L.P. ("Brookfield Renewable") announced that it sold a 25% interest in a 413 MW Canadian hydroelectric portfolio to a consortium of buyers. The portfolio is comprised of three diverse and fully contracted hydroelectric assets – the 349 MW Great Lakes Power system in Ontario, the 19 MW Carmichael facility in Ontario, and the 45 MW Kokish facility in British Columbia which is 25% owned by 'Namgis First Nation.

Brookfield Renewable will retain management and operating responsibilities for the portfolio.

Further information can be found on Brookfield Renewable's website.

Brookfield Renewable Partners operates one of the world's largest publicly traded, pure-play renewable power platforms. Our portfolio consists of hydroelectric, wind, solar and storage facilities in North America, South America, Europe and Asia, and totals over 17,000 megawatts of installed capacity and an 8,000 megawatt development pipeline.