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Brookfield Renewable Partners L.P. - BEP STOCK NEWS

Welcome to our dedicated page for Brookfield Renewable Partners L.P. news (Ticker: BEP), a resource for investors and traders seeking the latest updates and insights on Brookfield Renewable Partners L.P. stock.

Brookfield Renewable Partners L.P. (NYSE: BEP, TSX: BEP), headquartered in Toronto, Ontario, Canada, is a leading global owner and operator of renewable power assets. With a diversified portfolio that spans hydroelectric, wind, solar, and storage facilities, the company manages over 20 gigawatts of installed capacity across North America, South America, Europe, and Asia. A publicly traded limited partnership, Brookfield Renewable is approximately 60% owned by Brookfield Asset Management.

Brookfield Renewable invests in clean energy projects both directly and through partnerships including institutional partners and joint ventures. Its portfolio includes two separate listings for investors: Brookfield Renewable Partners LP and Brookfield Renewable Corporation, offering flexibility for diverse investment strategies. The company is committed to advancing the global transition to renewable energy, driven by substantial investments in its development pipeline, which totals approximately 134,400 megawatts of renewable power assets.

Recent Achievements:

  • In October 2023, Brookfield Renewable completed the acquisition of Duke Energy's unregulated commercial renewables business, rebranding it as Deriva Energy. This transaction adds 5,900 megawatts of operating and under-construction wind, solar, and storage assets to Brookfield's portfolio.
  • Brookfield continues to secure significant agreements, such as the Virtual Power Purchase Agreement (VPPA) with Zoetis Inc. for a 50-megawatt portion of Scout Clean Energy's Heart of Texas Wind Farm. This project underscores Brookfield's role in facilitating carbon neutrality efforts for various industries.

Brookfield Renewable's financial performance remains robust, as indicated by its funds from operations (FFO) of $296 million in Q1 2024, an 8% increase year-over-year. The company is well-positioned to deliver a target 10%+ FFO per unit growth for the year, driven by strong hydro resources and impactful development initiatives. Amidst a challenging economic landscape, Brookfield Renewable's strategy emphasizes sustainable growth and shareholder returns.

Additionally, Brookfield Renewable leverages its scale and expertise to drive innovation in the renewable energy sector. The company's assets under management reflect its commitment to investing in real assets and businesses that are essential to the global economy. With a vision to be at the forefront of the climate transition, Brookfield Renewable continues to expand its footprint in renewable power and decarbonization solutions, benefiting from Brookfield Asset Management's expansive capital and operational know-how.

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Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) announced that no Class A Preference Shares, Series 3 (TSX: BRF.PR.C) of Brookfield Renewable Power Preferred Equity Inc. will be converted into Class A Preference Shares, Series 4. This decision was made after evaluating election notices received by the July 16, 2024 deadline, as the number of Series 3 Shares tendered for conversion would result in fewer than the required 1,000,000 Series 4 Shares outstanding on July 31, 2024.

Brookfield Renewable operates a global platform for renewable power and sustainable solutions, with a portfolio including hydroelectric, wind, solar, and storage facilities across multiple continents. The company's operating capacity is nearly 34,000 megawatts, with a development pipeline of approximately 157,000 megawatts. Investors can access the portfolio through Brookfield Renewable Partners L.P. or Brookfield Renewable

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Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC) has announced the issuance of C$400 million in green bonds. This includes C$100 million of Series 17 Notes due 2054 with a 5.417% interest rate, and C$300 million of Series 18 Notes due 2034 with a 4.959% interest rate. The Series 18 Notes mark Brookfield Renewable's fourteenth green-labeled corporate securities issuance in North America. Proceeds will fund Eligible Investments as defined in their Green Financing Framework. The Notes have been rated BBB+ by S&P Global Ratings, BBB (high) by DBRS , and BBB+ by Fitch Ratings. The offering is expected to close around July 17, 2024, subject to customary conditions.

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Brookfield Renewable Partners announced a reset dividend rate for its Class A Series 3 Preference Shares, commencing August 1, 2024. The fixed quarterly dividends will be paid at an annual rate of 6.519%, which amounts to $0.4074375 per share per quarter. Shareholders have the option to convert their Series 3 Shares into Series 4 Shares by July 16, 2024, which will offer a floating quarterly dividend rate of 2.940% over the three-month Government of Canada treasury bills yield, starting at $0.478840 per share for the initial period. If fewer than 1,000,000 Series 3 or Series 4 Shares remain outstanding after July 31, 2024, automatic conversions will occur. The Series 4 Shares will be listed on the TSX under the symbol BRF.PR.D, pending regulatory approval.

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Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC) announced it will hold its Second Quarter 2024 Conference Call on August 2, 2024, at 9:00 a.m. ET. The results will be released on the same day at 7:00 a.m. ET and will be available on their website. The company operates a vast renewable power portfolio, including hydroelectric, wind, solar, and energy storage, totaling nearly 34,000 megawatts in capacity, with a development pipeline of approximately 157,000 megawatts. Brookfield Renewable's assets also span carbon capture, renewable natural gas, and materials recycling.

Participants can join the call via pre-registration to receive a direct passcode and unique PIN or via webcast registration. Brookfield Renewable is part of Brookfield Asset Management, which manages over $925 billion in assets globally.

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Brookfield Renewable Partners reported record first-quarter results for 2024, with a strong start and a landmark agreement with Microsoft to deliver renewable energy capacity. FFO increased by 8%, positioning well for 10%+ growth. The partnership strengthened its balance sheet, executed $6 billion in financings, and targets $3 billion in proceeds. The company aims to be a leading clean power provider and has signed a significant renewable energy framework agreement with Microsoft.

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Brookfield Asset Management and Microsoft have signed a global renewable energy agreement to develop over 10.5 GW of new renewable energy capacity. The agreement aims to help Microsoft achieve its goal of sourcing 100% of its electricity consumption from zero carbon energy by 2030. This collaboration will contribute to decarbonizing global energy supplies and reducing carbon emissions, with a focus on expanding renewable energy capacity in the U.S., Europe, Asia-Pacific, India, and Latin America.

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Scout Clean Energy signs a 12-year Virtual Power Purchase Agreement with Zoetis Inc. for a 50 MW portion of its Heart of Texas Wind Farm, supporting Zoetis' goal of carbon neutrality by 2030. The agreement will generate Renewable Energy Certificates and contribute to reducing emissions as part of the RE100 initiative.
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Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC) will host its First Quarter 2024 Conference Call and Webcast on May 3, 2024, to discuss results and business initiatives. The company operates a vast renewable power portfolio globally, with a total operating capacity of nearly 33,000 megawatts and a development pipeline of around 155,400 megawatts. The portfolio includes hydroelectric, wind, solar, and energy storage facilities, as well as investments in nuclear services, carbon capture, and recycling. Investors can access the portfolio through Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: BEP.UN) or Brookfield Renewable (NYSE, TSX: BEPC). Brookfield Renewable is a key player in the renewable energy sector and a subsidiary of Brookfield Asset Management.
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Brookfield Renewable Partners L.P. and Brookfield Renewable announce the closing of a $150 million issuance of fixed rate green perpetual subordinated notes. The sub notes have an effective coupon rate of 6.78% and will be listed on the NYSE under the symbol 'BEPJ'. The proceeds will be used to finance eligible investments and redeem Class A Preferred LP Units.
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Brookfield Renewable filed its 2023 annual reports, including audited financial statements, with the SEC and Canadian authorities. The company operates a vast renewable power portfolio globally, with significant operating capacity and a substantial development pipeline.
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FAQ

What does Brookfield Renewable Partners L.P. do?

Brookfield Renewable Partners L.P. owns and operates renewable power assets globally, including hydroelectric, wind, solar, and storage facilities.

Where is Brookfield Renewable Partners L.P. headquartered?

Brookfield Renewable Partners L.P. is headquartered in Toronto, Ontario, Canada.

Who owns Brookfield Renewable Partners L.P.?

Brookfield Renewable Partners L.P. is approximately 60% owned by Brookfield Asset Management.

What recent acquisitions has Brookfield Renewable made?

In October 2023, Brookfield Renewable acquired Duke Energy's unregulated commercial renewables business, now rebranded as Deriva Energy.

What is the installed capacity of Brookfield Renewable's portfolio?

Brookfield Renewable's portfolio consists of over 20 gigawatts of installed capacity.

How does Brookfield Renewable invest in clean energy projects?

Brookfield Renewable invests directly and through partnerships, including joint ventures and institutional partners.

What financial performance did Brookfield Renewable report in Q1 2024?

Brookfield Renewable reported funds from operations (FFO) of $296 million in Q1 2024, an 8% increase from the previous year.

What is the development pipeline of Brookfield Renewable?

Brookfield Renewable's development pipeline includes approximately 134,400 megawatts of renewable power assets.

What are Brookfield Renewable's key areas of focus?

Brookfield Renewable focuses on renewable power generation and climate transition solutions, leveraging its scale and expertise to drive growth and innovation.

Brookfield Renewable Partners L.P.

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