Given the ongoing energy transition, it is expected that demand for clean, renewable base load electricity generation will increase sharply in the coming years. Hydro-
The agreement involves integrating Evolugen’s Lièvre generating fleet, into Hydro-Québec’s generation planning. It also includes priority access rights associated with the US market.
“With this strategic agreement, we are adding capacity and renewable energy to our supply in a context of increasing demand in both
“We are pleased to sign a strategic agreement with our long-standing partner, Hydro-
Deliveries of output from the facilities began on
About Hydro-
Hydro-
About Evolugen
In
About Brookfield Renewable
Brookfield Renewable operates one of the world’s largest publicly traded, pure-play renewable power platforms. Its portfolio consists of hydroelectric, wind, solar and storage facilities in
Brookfield Renewable is the flagship listed renewable power company of Brookfield Asset Management, a leading global alternative asset manager with approximately
Information:
HYDRO-
Caroline Des Rosiers
Spokesperson
514 289-5005
[email protected]
www.hydroquebec.com
EVOLUGEN
Vice-President, Government and External Relations
613 222-6152
[email protected]
www.evolugen.com
BROOKFIELD RENEWABLE
Media:
Senior Vice President – Corporate Communications
(212) 618-3469
[email protected]
Investors:
Senior Vice President – Investor Relations
(416) 649-8172
[email protected]
Cautionary Statement Regarding Forward-looking Statements
This news release contains forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Forward-looking statements can be identified by the use of words such as “will”, “expected”, “intend”, “potential”, “can” or variations of such words and phrases. Forward-looking statements in this news release include statements regarding the parties’ future expectations, beliefs, plans, objectives, financial condition, assumptions or future events or performance, including with respect to the expected increase in demand for renewable generation and annual generation of the Lièvre hydro-electric facilities. Although Brookfield Renewable believes that such forward-looking statements and information are based upon reasonable assumptions and expectations, no assurance is given that such expectations will prove to have been correct. The reader should not place undue reliance on forward-looking statements and information as such statements and information involve known and unknown risks, uncertainties and other factors, including the ability of the parties to realize the expected benefits of the Lièvre power purchase agreement, which may cause the actual results, performance or achievements of Brookfield Renewable to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information.
Except as required by law, Brookfield Renewable does not undertake any obligation to publicly update or revise any forward-looking statements or information, whether written or oral, whether as a result of new information, future events or otherwise.
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