Brookfield Renewable Power
Encyclopedia
Brookfield Renewable Power Fund is a Gatineau
, Quebec
-based open-ended income trust that was initially listed on the Toronto Stock Exchange in 1999 as Great Lakes Hydro Income Fund. It is 50.01% owned by Brookfield Renewable Power Inc., which in turn is a wholly owned subsidiary of Brookfield Asset Management
.
Brookfield Asset Management
, in its various forms, claims to have "more than 100 years of experience as an owner, operator and developer of hydroelectric power facilities."
on the Toronto Stock Exchange
in 1999, Brookfield Asset Management (then known as EdperBrascan) owned 61% of outstanding units through its various subsidiaries.
Initially, Great Lakes Hydro's assets were limited to three hydroelectric facilities in Western Quebec
with a combined capacity of 238MW. By the end of 2008, the fund owned and operated 27 hydroelectric facilities and one wind farm with a cumulative capacity of 1,021MW. These assets are spread across four jurisdictions: Ontario
, Quebec
, British Columbia
, and New England
.
and holds a 50.01% share in Brookfield Renewable Power Fund. It is the subsidiary in which Brookfield Asset Management holds all of its renewable energy assets, whereas the Fund's scope is limited to the 1,652MW of generation capacity located in Ontario
, Quebec
, British Columbia
, and New England
.
Gatineau
Gatineau is a city in western Quebec, Canada. It is the fourth largest city in the province. It is located on the northern banks of the Ottawa River, immediately across from Ottawa, Ontario, and together they form Canada's National Capital Region. Ottawa and Gatineau comprise a single Census...
, Quebec
Quebec
Quebec or is a province in east-central Canada. It is the only Canadian province with a predominantly French-speaking population and the only one whose sole official language is French at the provincial level....
-based open-ended income trust that was initially listed on the Toronto Stock Exchange in 1999 as Great Lakes Hydro Income Fund. It is 50.01% owned by Brookfield Renewable Power Inc., which in turn is a wholly owned subsidiary of Brookfield Asset Management
Brookfield Asset Management
Brookfield Asset Management Inc. is a Toronto, Ontario-based asset management company that manages a global portfolio of assets valued at over $150 billion...
.
Brookfield Asset Management
Brookfield Asset Management
Brookfield Asset Management Inc. is a Toronto, Ontario-based asset management company that manages a global portfolio of assets valued at over $150 billion...
, in its various forms, claims to have "more than 100 years of experience as an owner, operator and developer of hydroelectric power facilities."
Great Lakes Power
In recent years, Brookfield has used its majority stake in Great Lakes Power as its primary vehicle to advance its interests in the renewable energy sector. When Great Lakes Hydro Income Fund completed its initial public offeringInitial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
on the Toronto Stock Exchange
Toronto Stock Exchange
Toronto Stock Exchange is the largest stock exchange in Canada, the third largest in North America and the seventh largest in the world by market capitalisation. Based in Canada's largest city, Toronto, it is owned by and operated as a subsidiary of the TMX Group for the trading of senior equities...
in 1999, Brookfield Asset Management (then known as EdperBrascan) owned 61% of outstanding units through its various subsidiaries.
Initially, Great Lakes Hydro's assets were limited to three hydroelectric facilities in Western Quebec
Quebec
Quebec or is a province in east-central Canada. It is the only Canadian province with a predominantly French-speaking population and the only one whose sole official language is French at the provincial level....
with a combined capacity of 238MW. By the end of 2008, the fund owned and operated 27 hydroelectric facilities and one wind farm with a cumulative capacity of 1,021MW. These assets are spread across four jurisdictions: Ontario
Ontario
Ontario is a province of Canada, located in east-central Canada. It is Canada's most populous province and second largest in total area. It is home to the nation's most populous city, Toronto, and the nation's capital, Ottawa....
, Quebec
Quebec
Quebec or is a province in east-central Canada. It is the only Canadian province with a predominantly French-speaking population and the only one whose sole official language is French at the provincial level....
, British Columbia
British Columbia
British Columbia is the westernmost of Canada's provinces and is known for its natural beauty, as reflected in its Latin motto, Splendor sine occasu . Its name was chosen by Queen Victoria in 1858...
, and New England
New England
New England is a region in the northeastern corner of the United States consisting of the six states of Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut...
.
Brookfield Renewable Power Inc.
Brookfield Renewable Power Inc. is a wholly owned subsidiary of Brookfield Asset ManagementBrookfield Asset Management
Brookfield Asset Management Inc. is a Toronto, Ontario-based asset management company that manages a global portfolio of assets valued at over $150 billion...
and holds a 50.01% share in Brookfield Renewable Power Fund. It is the subsidiary in which Brookfield Asset Management holds all of its renewable energy assets, whereas the Fund's scope is limited to the 1,652MW of generation capacity located in Ontario
Ontario
Ontario is a province of Canada, located in east-central Canada. It is Canada's most populous province and second largest in total area. It is home to the nation's most populous city, Toronto, and the nation's capital, Ottawa....
, Quebec
Quebec
Quebec or is a province in east-central Canada. It is the only Canadian province with a predominantly French-speaking population and the only one whose sole official language is French at the provincial level....
, British Columbia
British Columbia
British Columbia is the westernmost of Canada's provinces and is known for its natural beauty, as reflected in its Latin motto, Splendor sine occasu . Its name was chosen by Queen Victoria in 1858...
, and New England
New England
New England is a region in the northeastern corner of the United States consisting of the six states of Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut...
.