Hydroelectric, Renewables, Water Treatment

Brookfield Renewable buys $289mn share in hydroelectric power plant

Brookfield Renewable Energy will acquire a 33 percent economic share in a 417 MW hydroelectric power plant in Pennsylvania for $289 million.

The company will purchase the share from an affiliate of LS Power in the Safe Harbor hydroelectric plant on the Susquehanna River. The plant includes energy storage capabilities and is interconnected in the PJM.

The deal is expected to be completed in early 2014.

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