Brookfield Asset Management (BAM), together with Brookfield Renewable (BEP) and Google Tuesday said they have signed the worlds largest clean power deal for hydroelectricity to purchase up to 3,000 megawatts (MW) of carbon-free electricity.
The first contracts executed under the Hydro Framework Agreement (HFA) are for Brookfields Holtwood and Safe Harbor hydroelectric facilities in Pennsylvania, representing more than $3 billion of power and 670 MW of capacity.
The companies plan to focus in the mid-Atlantic (PJM) and mid-continent (MISO) electricity markets initially. The 20-year Power Purchase Agreements (PPAs) for Brookfields Holtwood and Safe Harbor hydroelectric facilities in Pennsylvania will support Google's operations across PJM.
"This collaboration with Brookfield is a significant step forward, ensuring clean energy supply in the PJM region where we operate.The first contracted assets consist of hydroelectric facilities in Pennsylvania that Brookfield is relicensing," said Amanda Peterson Corio, Head of Data Center Energy from Google.
For comments and feedback contact: editorial@rttnews.com
Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.