Brookfield Asset Management and its clean energy platform Brookfield Renewable announced today the launch of a new Hydro Framework Agreement (HFA) with Google, for the delivery of up to 3,000 MW of carbon-free hydroelectric capacity to power Google’s operations across the U.S.
The deal marks the largest-ever corporate clean power deal for hydroelectricity.
Under the new agreement, Google will have the ability to procure electricity from up to 3 GW of hydroelectric assets that will be relicensed, overhauled, or upgraded to extend the asset’s useful life and continue adding power to the grid.
