Brookfield Renewable Power Acquires Controlling Stake in Aeolis Wind’s Thunder Mountain Wind Energy Project

Brookfield Renewable Power Inc. ("Brookfield Renewable") and Aeolis Wind Power Corporation ("Aeolis") are pleased to announce that Brookfield Renewable has acquired a controlling interest in Aeolis’ Thunder Mountain and Redwillow wind farm development projects in the Peace River region in northeastern British Columbia.

The wind farn has obtained an environmental assessment certificate for up to approximately 320 MW of wind power generation. Brookfield Renewable will lead and control future development of the project with involvement of the Aeolis team. Aeolis has undertaken initial development and permitting activities on the project since 2005, and will have the option to retain certain ownership in the project on completion.

"We believe this site to be one of British Columbia’s more advanced wind development projects and its location in one of the province’s most attractive wind regimes should position it competitively for future development," said Ralf Rank, Chief Investment Officer of Brookfield Renewable Power Inc. "We look forward to working with local stakeholders to continue development of this promising resource. Future capital investment and start of construction is dependent, among other factors, on securing a suitable long-term power purchase agreement."

"We are delighted to be working with Brookfield, a recognized leader in renewable power and the developer and operator of some of Canada’s leading wind generating facilities. Brookfield’s investment is reflective of the quality and potential of the Thunder Mountain project, and of the project development efforts of the Aeolis team," said Juergen Puetter, President and CEO of Aeolis.

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 170 generating facilities with over 4,200 megawatts of capacity including Prince Wind, one of the country’s largest wind installations. 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 over 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.

Aeolis Wind is a Canadian wind energy development company focused on establishing large–scale wind power generation facilities based on its extensive portfolio of potential project locations in British Columbia and Alberta. Located near Victoria, British Columbia, Canada, Aeolis Wind was responsible for the initial development and permitting of the Bear Mountain Wind Park, which is now in operation near Dawson Creek in the Peace region of BC. Aeolis Wind is committed to continuously working with First Nations, stakeholder groups and local communities in the development of its wind energy projects.