NEW YORK (AP) — THE DEAL: Aluminum producer Alcoa is selling its 351-megawatt Tapoco project to Brookfield Renewable Energy Partners for about $600 million.
THE PROJECT: Tapoco is a four-station hydroelectric project located on the Little Tennessee and Cheoah rivers in eastern Tennessee and western North Carolina.
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The deal includes the four generating stations and dams, 86 miles of transmission line and about 14,500 acres of land. It’s expected to close by the end of the year.
