Alcoa (AA +2.1%) agrees to sell its Tapoco Hydroelectric Project in Tennessee and North Carolina...

|By:, SA News Editor

Alcoa (AA +2.1%) agrees to sell its Tapoco Hydroelectric Project in Tennessee and North Carolina to Brookfield Renewable Energy Partners (BRPFF.PK) for $600M. The transaction includes four generating stations and dams, 86 miles of transmission line, and ~14.5K acres of land associated with Tapoco.