Brookfield Asset Management gains on $3 billion hydropower agreement with Google

Brookfield Renewable Partners LP

15/07/2025 13:07

** U.S.-listed shares of Brookfield Asset Management BAM.TO, BAM.N rise ~1% to $57.58 premarket

** BAM along with Brookfield Renewable BEP.N signs hydro framework agreement (HFA) with Google GOOGL.O to deliver 3,000 megawatts (MW) of carbon-free hydroelectric capacity across the U.S.

** BAM says contracts under the HFA are for its Holtwood and Safe Harbor hydroelectric facilities in Pennsylvania, representing more than $3 billion of power and 670 MW of capacity

** BAM and GOOGL will initially focus in the mid-Atlantic (PJM) and mid-continent (MISO) electricity markets, with the flexibility to expand into other U.S. regions

** BEP shares rise 4.6% to $26.77 premarket

** As of last close, shares were up 5.22% YTD

(Reporting by Katha Kalia in Bengaluru)

((Katha.Kalia@thomsonreuters.com))