Brookfield Renewable Energy to seek fixed-rate debt for acquisition

By Toni Weeks

San Luis Obispo, Calif., May 15 - Brookfield Renewable Energy Partners LP intends to incur non-recourse, fixed-rate financing to help fund the company's acquisition of the remaining 67% interest of the Safe Harbor hydroelectric facility in Pennsylvania that it did not already own, according to a press release.

The $613 million purchase will also be funded through available liquidity and capital from Brookfield and its institutional partners.

Hamilton, Bermuda-based Brookfield operates a publicly traded, pure-play renewable power platform.

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