in News Departments > FYI
print the content item

Toronto, Ontario-based Brookfield Asset Management Inc., parent company of wind power developer Brookfield Power, will distribute a direct interest in its infrastructure operations to its Class A shareholders through a publicly traded partnership named Brookfield Infrastructure Partners LP (BIP). The new organization will serve as the primary vehicle through which Brookfield’s future infrastructure-related acquisitions - other than property and renewable power operations - will be made.

According to Brookfield, the company will retain a 40% interest in BIP and will manage the operations under a long-term management agreement. BIP will focus on the ownership and operation of infrastructure assets, which will include electricity transmission, pipeline and utility distribution infrastructure.

IOWA Economic Development id2073

Trachte_id2056
Latest Top Stories

Deepwater Hits Financial Close For Block Island Wind Farm, Expects Summer Construction

The Providence, R.I.-based offshore wind developer becomes the first to financially close on a U.S.-based offshore wind project.


More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.


Getting A Grip On Grinding Gearboxes: Why Such Events Need Not Be Showstoppers

Despite advances in gearbox reliability - namely, from condition monitoring systems and greater design standardization - challenges remain.

Hybrid Energy Innovations 2015