Brookfield To Create Global Renewable Power Giant

Law360, New York (September 13, 2011, 6:19 PM EDT) -- Canada-based Brookfield Asset Management Inc. announced Tuesday that it would combine its Brookfield Renewable Power Fund with a subsidiary's power generating assets to create a global, publicly traded partnership with a focus on renewable power generation.

The fund would combine with Brookfield wholly owned subsidiary Brookfield Renewable Power Inc. to create Brookfield Renewable Energy Partners LP, one of the world's largest pure-play renewable power businesses, with about $13 billion worth of power generating assets.

“In the nearly 12 years since its formation, the fund, with Brookfield...
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