Welcome to our dedicated page for Brookfield Renew news (Ticker: BEP), a resource for investors and traders seeking the latest updates and insights on Brookfield Renew stock.
Brookfield Renewable Partners L.P. reports developments for a Bermuda-based limited partnership that provides public-market access to Brookfield Renewable’s renewable power and sustainable solutions platform. The business owns and operates, or holds economic interests in, hydroelectric, wind, utility-scale solar, distributed solar and storage assets, alongside sustainable solutions investments including nuclear services, carbon capture and storage, renewable natural gas, materials recycling and eFuels capacity.
Recurring BEP news includes quarterly and annual results, funds from operations, distributions, asset sales and recycling, acquisitions, development activity, financing initiatives and securities actions. Updates also cover the relationship between BEP limited partnership units and Brookfield Renewable Corporation exchangeable shares, annual filings, conference calls and capital programs such as at-the-market equity issuance and preferred unit redemptions.
Plug Power Inc. announced a strategic agreement with Brookfield Renewable Partners L.P. (BEP) to source 100% renewable energy for its upcoming green hydrogen production plant. This facility aims to produce approximately 10 tons of green liquid hydrogen daily, contributing to Plug Power's goal of over 50% renewable hydrogen supplies by 2024. The collaboration is part of broader discussions to explore additional green hydrogen development opportunities. This partnership supports a decarbonized economy and the expected growth of the hydrogen market, projected to be worth $2.5 trillion by 2050.
Brookfield Renewable Partners L.P. (NYSE: BEP) announced the redemption of its Medium-Term Notes, specifically the C$400 million, 4.79% Series 8 Notes, due February 2022. The total redemption price is C$1,058.43 per C$1,000, including accrued interest of C$4.99. The redemption will be executed on September 14, 2020, as detailed in previous announcements. Investors can access further details through their respective financial institutions.
Brookfield Renewable Partners L.P. (NYSE: BEP) has announced its subsidiary, Brookfield Renewable Partners ULC, will redeem CDN$400 million of its Series 8 Notes on September 14, 2020. These notes, with a 4.79% interest rate, are due February 7, 2022. The redemption price will be disclosed on September 11, 2020, and will include accrued interest. All stakeholders have been notified, and further details will be available on Brookfield's websites.
Brookfield Renewable Partners has announced the issuance of CDN$425 million in medium-term notes due August 13, 2050, bearing a 3.33% annual interest rate. This marks their fifth corporate-level green bond offering, contributing to over $3 billion in total green issuances. The proceeds will primarily be used to repay existing indebtedness. The offering is expected to close around August 13, 2020, subject to customary conditions, and the notes have received favorable ratings of BBB+ from S&P and BBB (high) from DBRS.