New public renewable power company would have market cap of $8B

摘要

A Toronto-based conglomerate plans to merge its hydroelectric and wind power assets into the world's second-largest public renewable-power company, the Canadian Press reports, explaining lhal the move is designed to cash in on growing demand for cleaner power.Brookfield Asset Management plans to combine! Brookfielcl Renewable Power Fund's hydroelectric stations and wind farms with those of its wholly owned subsidiary Brookfield Renewable Power Inc. to create Brookfield Renewable Energy Partners LP. Thai pub licly traded partnership would focus on renewable power, primarily hydroelectric, in Canada, the United Stales and Brazil with assols of about USS13 billion, according to the report.