BREP is focused on renewable energy generation with over $13bn of power assets in Canada, the US and Brazil.
Brookfield Renewable Power Fund CEO Richard Legault said that with a continued hydroelectric focus, high-quality power generating assets and fully-contracted portfolio, BREP will enjoy a strong capital markets profile.
On completion of the combination, unitholders will get one limited partnership unit in exchange for each trust unit of Brookfield Renewable Power Fund held, and the fund will be wound up.
