Type Public Industry Electric generation Total assets 20 billion USD | Traded as TSX: BEP.UN
NYSE: BEP Headquarters Bermuda Founded 1999 | |
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Genre Independent Power Producer Key people Sachin Shah, CEO; Richard Legault, Chairman Website renewableops.brookfield.com Stock price BEP.UN (TSE) CA$ 38.86 -0.09 (-0.23%)3 Mar, 4:00 PM GMT-5 - Disclaimer Parent organization Brookfield Asset Management Subsidiaries BRP Preferred Equity Profiles | ||
Brookfield renewable energy
Brookfield Renewable Partners L.P. 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 62.5% owned by Brookfield Asset Management.
Contents
- Brookfield renewable energy
- 2015 safe work sound business award brookfield renewable energy group
- Great Lakes Power
- Brookfield Renewable Power Inc
- Brookfield Renewable Energy Partners LP
- References
Brookfield Asset Management, claims to have "more than 100 years of experience as an owner, operator and developer of hydroelectric power facilities." It was founded in the 1890s in Brazil, where the company installed the first electrical lights and tramways in São Paulo and Rio de Janeiro. The utility was nicknamed "The Light."
2015 safe work sound business award brookfield renewable energy group
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 offering 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.
Brookfield Renewable Power Inc.
Brookfield Renewable Power Inc. is a wholly owned subsidiary of Brookfield Asset Management 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.
Brookfield Renewable Energy Partners, LP
On September 13, 2011 Brookfield Asset Management and Brookfield Renewable Power Fund announced they intended to merge to form Brookfield Renewable Energy Partners, LP. When the transaction closed, Brookfield Asset Management owned 73% of the combined entity, which trades on the Toronto Stock Exchange under the symbol BEP-U. The new entity is the primary vehicle through which Brookfield will acquire new renewable energy assets and has assets and development projects in Canada, the US, and Brazil. The transaction closed on November 30, 2011. As of April, 2013, Brookfield Asset Management owned 65 per cent.
In 2012, the company and its investment partners bought four hydroelectric power plants in the southeastern U.S. from Alcoa for $600 million. These plants are being expanded, and will produce green power in region that is attempting to shut down its coal-burning power stations.
On May 10, 2016 Brookfield Renewable Energy Partners L.P. changed its name to Brookfield Renewable Partners L.P. The stock symbol and CUSIP will remain the same.