Brookfield Renewable Power Fund Announces Completion of Preferred Share
Offering for Gross Proceeds of $250 Million

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

GATINEAU, QC, March 10 /CNW Telbec/ - (BRC.UN) - Brookfield Renewable Power Fund (the "Fund") today announced the closing of the previously announced public offering of 10 million Class A Preference Shares, Series 1 (the "Series 1 Preferred Shares") of Brookfield Renewable Power Preferred Equity Inc., at $25.00 per share for gross proceeds of $250 million. The offering was made on a bought deal basis through a syndicate of underwriters led by Scotia Capital Inc., CIBC, RBC Capital Markets and TD Securities Inc.

The Series 1 Preferred Shares commence trading on the Toronto Stock Exchange today under the symbol BRF.PR.A.

The Series 1 Preferred Shares have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

This news release does not constitute an offer to sell or the solicitation of any offer to buy, nor will there be any sale of these securities, in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction.

About Brookfield Renewable Power Fund

Brookfield Renewable Power Fund (www.brpfund.com) is a premier Canadian income fund and one of the largest power income funds in North America with more than 1,600 megawatts of power generating capacity and average annual production exceeding 6,300 gigawatt hours.

The Fund produces electricity exclusively from environmentally friendly and renewable resources. The Fund indirectly owns or holds interests in 42 high quality hydroelectric generating stations and one wind farm in four distinct geographic regions across North America: Quebec, Ontario, British Columbia and New England.

Brookfield Renewable Power Inc., which comprises all of the power operations of Brookfield Asset Management, owns 50.01% of the Fund's outstanding units on a fully-exchanged basis.

The Units are listed for trading on the TSX under the symbol BRC.UN.

%SEDAR: 00013106EF

For further information: Zev Korman, Director, Investor Relations and Communications, Brookfield Renewable Power Fund, [phone], [email protected]; www.brpfund.com