From Bracebridge Generation:
Bracebridge (Lakeland) Generation Ltd. has purchased the Wasdell Falls generation station located in Washago, Ontario. This 1.65-megawatt plant is the largest acquisition in company history and becomes the 11th waterpower generation plant owned by the company. At capacity, this plant constructed in 2015 under the Green Energy Act 2009 can feed approximately 1,700 homes with clean energy under a 40-year contract with the Independent Electricity System Operator.
“This acquisition fits into our strategy of growing our green energy portfolio. Being able to purchase a newer plant with a long-term power contract was attractive from the outset and we are pleased to have acquired this solid long-term investment,” announced Chris Litschko, Chief Executive Officer.
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