The wind farm 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 Inc., wholly-owned by Brookfield Asset Management Inc., 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 megawatts of capacity. It also has a significant hydroelectric and wind project pipeline. 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 US$100 billion of assets under management and is listed on the New York and Toronto Stock Exchanges under the symbols BAM and BAM.A, respectively, and on Euronext Amsterdam under the symbol BAMA.