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.
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.