Brookfield Closes $120m Hydro Loan

Canada’s Brookfield Renewable Power has completed a $120m financing to fund the acquisition of the Itiquira hydroelectric generating facility in Mato Grosso, Brazil, it said Monday. Brookfield – part of Brookfield Asset Management – bought the 156MW facility on the Itaquira river from NRG Energy for $288m in December. The facility’s output is contracted until 2014. Calyon and EDC led the financing.