Motor Co. agrees to sell its hydropower generating facility in St. Paul, MN, to Brookfield Power, a Canadian-based supplier of hydroelectric power.
The facility provides power to's Twin Cities Assembly Plant, which is scheduled to close next year as part of the auto maker's ongoing North American restructuring strategy. The plant currently produces the Ford Ranger and B-Series small pickups.
The hydropower facility, located alongside the Mississippi River, has been in operation for more than 80 years and is capable of producing some 100 gigawatt hours of energy annually.
The deal is expected to close by the end of the year. Terms have not been disclosed.