MetLife Investment Management (MIM), the institutional asset management business of MetLife, has facilitated a $130 million investment, including $74 million on behalf of unaffiliated clients, in the senior secured private-placement financing of Brookfield Renewable Partners’ Sidney A. Murray, Jr. Hydroelectric facility in Louisiana.
The Sidney A. Murray, Jr. Hydroelectric facility is a 192-megawatt run-of-river station located adjacent to the Mississippi River in Concordia Parish, Louisiana. It was developed in 1990 through the Catalyst Old River Hydroelectric Partnership, a partnership program with the Town of Vidalia, a local municipality.
The facility is one of the leading sustainable assets in Louisiana, providing renewable electricity generation through hydropower in a region of relatively high carbon intensity. It is also part of the Old River Control Complex, a collection of four structures operated to better manage flooding in the region.
The $130 mil
