Well speak of the devil (no, not Google, BAM, see below)
Via Quiver Quantitative, July 15:
Brookfield Asset Management and Google Sign World's Largest Hydro Framework Agreement for Over $3 Billion in Renewable Energy Contracts
Brookfield and Google signed contracts for 670 MW of hydroelectricity, part of a $3 billion agreement for 3,000 MW capacity.
Quiver AI Summary
Brookfield Asset Management, along with Brookfield Renewable and Google, announced the signing of a groundbreaking Hydro Framework Agreement (HFA) aimed at delivering up to 3,000 megawatts of carbon-free hydroelectric power across the U.S. This agreement represents the largest corporate clean power deal for hydroelectricity globally, with initial contracts worth over $3 billion related to the Holtwood and Safe Harbor hydroelectric facilities in Pennsylvania, accounting for 670 MW of capacity. The collaboration supports Google’s goal of utilizing 24/7 carbon-free energy while enhancing Brookfield's commitment to clean energy solutions. The Power Purchase Agreements (PPAs) will focus on the PJM electricity market, with the potential to expand to other regions. Key executives from both companies emphasized the importance of hydropower in meeting growing energy demands sustainably.
Potential Positives
- Brookfield has signed the world’s largest corporate clean power deal for hydroelectricity, securing over $3 billion in contracts, which enhances its position as a leader in renewable energy.
- The Hydro Framework Agreement (HFA) allows Brookfield to showcase its capability in delivering large-scale carbon-free energy solutions, aligning with market trends toward sustainability.
- This partnership with Google reinforces Brookfield’s strategic focus on sustainable infrastructure, enabling expansion into significant electricity markets across the U.S.
- The 20-year Power Purchase Agreements (PPAs) provide long-term revenue stability for Brookfield from reliable energy sources, thereby benefiting financial performance.
Potential Negatives...
....MUCH MORE
July 12 - Infrastructure: "Where Will Brookfield Asset Management Be in 10 Years?" (BAM)
