TORONTO, ONTARIO--(Marketwire - Feb. 4, 2011) - Brookfield Renewable Power Inc. ("Brookfield Renewable") and Aeolis Wind Power Corporation ("Aeolis") are pleased to announce that Brookfield Renewable has acquired a controlling interest in Aeolis' Thunder Mountain and Redwillow wind development projects in the Peace River region in northeastern British Columbia. The site has obtained an environmental assessment certificate for up to approximately 320 MW of wind generation. Brookfield Renewable will lead and control future development of the project with involvement of the Aeolis team. Aeolis has undertaken initial development and permitting activities on the project since 2005, and will have the option to retain certain ownership in the project on completion.

"We believe this site to be one of British Columbia's more advanced wind development projects and its location in one of the province's most attractive wind regimes should position it competitively for future development," said Ralf Rank, Chief Investment Officer of Brookfield Renewable Power Inc. "We look forward to working with local stakeholders to continue development of this promising resource. Future capital investment and start of construction is dependent, among other factors, on securing a suitable long-term power purchase agreement."

"We are delighted to be working with Brookfield, a recognized leader in renewable power and the developer and operator of some of Canada's leading wind generating facilities. Brookfield's investment is reflective of the quality and potential of the Thunder Mountain project, and of the project development efforts of the Aeolis team," said Juergen Puetter, President and CEO of Aeolis.

About Brookfield Renewable Power Inc.

Brookfield Renewable Power Inc., wholly-owned by Brookfield Asset Management Inc., has more than 100 years of experience as an owner, operator and developer of hydroelectric power facilities. Its total portfolio includes more than 170 generating facilities with over 4,200 megawatts of capacity including Prince Wind, one of the country's largest wind installations. It also has a significant hydroelectric and wind project pipeline. Brookfield Renewable Power's operations are primarily located in North America and Brazil. Brookfield Asset Management Inc., focused on property, power and infrastructure assets, has over US$100 billion of assets under management and is listed on the New York and Toronto Stock Exchanges under the symbols BAM and BAM.A, respectively, and on Euronext Amsterdam under the symbol BAMA. For more information, please visit Brookfield Renewable Power's website at and Brookfield Asset Management's website at

About Aeolis Wind

Aeolis Wind is a Canadian wind energy development company focused on establishing large–scale wind power generation facilities based on its extensive portfolio of potential project locations in British Columbia and Alberta. Located near Victoria, British Columbia, Canada, Aeolis Wind was responsible for the initial development and permitting of the Bear Mountain Wind Park, which is now in operation near Dawson Creek in the Peace region of BC. Aeolis Wind is committed to continuously working with First Nations, stakeholder groups and local communities in the development of its wind energy projects. For more information, please visit Aeolis website at

Cautionary Statement on Forward-looking Information

Certain information regarding Brookfield Renewable Power contained herein may constitute forward-looking statements. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. The words "will", "objective", and "look forward", which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters, identify forward-looking statements. Forward-looking statements in this press release include statements regarding the development of the Thunder Mountain wind project and securing a long-term power purchase agreement for the project. Although Brookfield Renewable Power believes that its anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, it can give no assurance that such expectations will prove to have been correct. The reader should not place undue reliance on forward-looking statements and information as such statements and information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Brookfield Renewable Power to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information.

Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include: the risk that the offering does not close, the behaviour of financial markets including fluctuations in interest and exchange rates, risks of equipment failure and other risks and factors detailed from time to time under the heading "Risk Factors" in Brookfield Renewable Power's Annual Information Form filed with the securities regulators in Canada. We caution that the foregoing list of important factors that may affect future results is not exhaustive. Except as required by law, Brookfield Renewable Power undertakes no obligation to publicly update or revise any forward-looking statements or information, whether written or oral, that may be as a result of new information, future events or otherwise.

Contact Information: Brookfield Renewable Power Inc.
Zev Korman
Director, Investor Relations & Communications
(416) 359-1955