Brookfield Renewable Power Ontario wind project wins contract

Toronto, April 9, 2010 — Brookfield Renewable Power said its Comber Wind project won a 20-year contract under the Ontario feed in tariff program.

The Comber Wind Project is located in the town of Lakeshore in Essex County, Ontario.

The project is expected to have an installed capacity of 165 MW and to produce about 500 GW hours of clean, renewable energy annually — enough electricity to power about 55,000 homes.

The project, which is still subject to final contract execution and customary conditions, is expected to begin construction later this year with a planned commercial operation date in 2011.

“We’re very pleased to have been offered this contract under Ontario’s progressive FIT Program and look forward to adding to Brookfield’s significant and growing wind portfolio in the province,” said Richard Legault, President and CEO of Brookfield Renewable Power.

Brookfield Renewable Power is wholly-owned by Brookfield Asset Management Inc., and has more than 100 years of experience as an owner, operator and developer of hydroelectric power facilities.

Its total portfolio includes more than 165 generating facilities with over 4,100 MW of capacity. Brookfield Renewable Power’s operations are primarily located in North America and Brazil. Brookfield Asset Management Inc., focused on property, power and infrastructure assets, has more than $100 billion of assets under management.

 

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