Brookfield bets on hydropower

Baseload technology’s benefits are growing rapidly as power systems add intermittent renewables, investor says

Brookfield Renewable, one of the world’s largest publicly traded clean power investors, is backing hydropower to play an increasingly important role in the transition as demand grows for carbon-free baseload generation. The company, part of Canada-based Brookfield Asset Management, sees “select opportunities for growth in hydroelectric generation, especially for large and experienced operators”. “We continue to believe hydropower is the premier renewable technology due to its perpetual nature and dispatchability,” Brookfield says. “And while the asset classes of wind and solar are certainly growing faster, the benefits of hydro are rapidly increasing in today’s market environment.” In the fo