The facilities comprise 837MW of capacity and generate on average approximately 2,300GW hours of electricity annually.
The 20-year contract provides a base price of CAD69 per megawatt hour, plus additional payments for on-peak production. The base price and peaking premium will be increased annually, and together with additional revenue from the sale of ancillary products, is expected to result in an all-in year one price in excess of CAD80 per megawatt hour.
The contract increases the amount of BRPI’s generation currently under long-term contract from approximately 50% to approximately 70%, reducing its reliance on shorter-term financial contracts.
Brookfield Renewable Power, wholly-owned by Brookfield Asset Management, is an owner, operator and developer of hydroelectric power facilities.
