CC&L Infrastructure enters definitive agreement for acquisition of Bremner Trio Hydro Corp.

Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) has entered into a definitive agreement with Greengen Holdings Ltd. (Greengen) and Sts’ailes Energy Development Limited Partnership (Sts’ailes) to acquire a majority interest in Bremner Trio Hydro Corp., which owns two construction-stage, run-of-river hydropower facilities aggregating approximately 50 megawatts (MW) located near Harrison Lake in British Columbia. The portfolio consists of the 27 MW Trio Creek and 23 MW Bremner Creek hydroelectric projects, with a combined expected energy output of approximately 150 GWh per year.

With key construction and procurement milestones achieved, the Trio Creek project is underway, and the Bremner Creek project is expected to commence construction in early 2019. In total, the Projects will require approximately $200 million of capital and all of the power generated by the facilities will be sold to British Columbia Hydro & Power Authority under a 40-year Electricity Purchase Agreement.