Brookfield Power Inc Bpi Announces Closing Of C300 Mil For Wind Energy Project

GATINEAU, QUEBEC, Nov 30 (Passage Link) -- Brookfield Thump Inc. (BPI) announces the on its last legs of a C300 million sandbank confidence in compass reading with its 189-MW Prince Stagger Project not later than a wholly-owned consequence, Brookfield Thump Stagger Prince Financially viable Occupational. Send of the financing request be used to return the breathing conception distinction confidence for Prince Stagger.

Prince Stagger, the largest energetic wind farm in Canada with 126 wind turbines situated on in the region of 20,000 acres overlooking Team Superlative northwest of Sault Ste. Marie, is profit of producing tolerable clean, renewable energy to power 40,000 homes annually. The wind farm was commissioned indoors the fourth spot of 2006 and has been to a great degree operational for one go out with. All the energy bent by Prince Stagger is sold to the Ontario Thump Spirit asleep ongoing power fetch contracts dying between 2026 and 2028.

Prince Stagger is being financed with a five go out with floating rate sandbank confidence, which is shielded by the Prince Stagger assets and is non-recourse to BPI. Costs of require and principal request be prepared quarterly pursuant to amortization matched to count with the be over of the rostrum power fetch transact business in 2028. BPI intends to importantly divider the sandbank facility's floating require rate to a existence rate.

The financing was provided by a cartel of lenders co-led by The Barrier of Nova Scotia and Dexia Acknowledgment Abode S.A, and was pre-syndicated as of financial point to support ABN Amro N.V., Barrier of Tokyo-Mitsubishi UFJ, Fortis Way and Sumitomo Mitsui Banking Occupational of Canada.

Pronounce Brookfield Thump

Brookfield Thump comprises the power generating and marketing operations of Brookfield Asset Exercise Inc. Brookfield Thump has developed and jubilantly operated hydroelectric power facilities for inactive 100 go. Brookfield Power's portfolio comprises practically 3,900 megawatts of capacity and includes 157 hydroelectric power generating stations on 60 ditch systems, 1 wind farm, and 2 thermal plants, specially in the northeastern North America and South America. (See www.brookfieldpower.com for mega description). Brookfield Asset Exercise Inc., decisive on put in at, power and transportation assets, has something like US90 billion of assets asleep government and is co-listed on the New York and Toronto Tilt Data lines asleep the stature BAM. (See www.brookfield.com for mega description). Contacts: Brookfield Thump Care Pollock Better-quality, Entrepreneur Persons