Brookfield Renew Stock Price, News & Analysis

BROOKFIELD, News, Feb. 20, 2022 – Brookfield Renewable (NYSE: BEP, BEPC) and its partners announced a proposal to privatize AGL Energy Limited, valuing the company at A$5 billion. The Consortium aims to invest A$20 billion for AGL's transition to clean energy, replacing 7 GW of thermal assets with at least 8 GW of renewables. Despite the potential for 10,000 jobs and cleaner energy, AGL’s Board has rejected the proposal, prompting disappointment from Brookfield. The proposal is subject to due diligence, shareholder, and regulatory approvals.

Brookfield Renewable Partners reported strong financial results for 2021, achieving record FFO of $934 million, a 10% increase from the previous year. The company has over 15,000 megawatts of capacity under construction and a global development pipeline of 62,000 megawatts. Despite a net loss of $368 million, significant investments of approximately $4.3 billion were made across various renewable segments, including hydro and solar. A 5% increase in quarterly distributions to $0.32 per LP unit was also announced, reflecting the company’s commitment to returning value to shareholders.

Brookfield Renewable and Hydro-Québec have signed a 40-year escalating electricity purchase agreement for the Lièvre hydro-electric portfolio, boasting a capacity of 263 MW. The agreement is part of Hydro-Québec's strategy to boost renewable energy supply amid rising demand, contributing approximately 1.5 TWh annually, enough to power around 90,000 homes. Deliveries started on December 31, 2021, making this a key strategic partnership for both companies.

Brookfield Renewable has acquired Urban Grid for $650 million, adding a pipeline of 20,000 megawatts in solar and energy storage projects across 12 states. This acquisition nearly triples Brookfield's U.S. development capacity to about 31,000 megawatts, positioning it as one of the largest clean power developers in the nation. Urban Grid will retain its brand and continues its operations as an independent power producer, enhancing Brookfield's development capabilities and market access.

Brookfield Renewable (NYSE: BEP) will host its Fourth Quarter 2021 Conference Call on February 4, 2022, at 9:00 a.m. ET. The results will be disclosed earlier on the same day at 7:00 a.m. ET.

The conference call can be accessed by dialing 1-866-688-9430 or 1-409-216-0817 for international participants. The call will also be available via live webcast. A taped rebroadcast can be accessed until February 11, 2022.

Brookfield operates a substantial renewable power platform with approximately 21,000 megawatts of installed capacity.

Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: BEP.UN) announced plans to redeem all outstanding Class A Preferred Limited Partnership Units, Series 5, on January 31, 2022, at a price of C$25.25 each. This comes alongside a final quarterly distribution of C$0.3494 for holders of record by January 14, 2022. Brookfield Renewable operates a significant portfolio of renewable power assets globally, totaling about 21,000 megawatts of installed capacity and a 36,000-megawatt development pipeline.

BROOKFIELD, Dec. 14, 2021 - Brookfield Renewable announced that the Toronto Stock Exchange accepted its intention to renew normal course issuer bids for its limited partnership units (BEP) and exchangeable subordinate voting shares (BEPC). The company is authorized to repurchase up to 13,750,520 Units and 8,610,184 Exchangeable Shares, representing 5% of the outstanding shares. Repurchases can begin on December 16, 2021, and will be subject to applicable securities laws. Brookfield Renewable aims to enhance shareholder value if their shares trade below intrinsic value.

BROOKFIELD, Dec. 09, 2021, reported the closing of a $260 million issuance of green perpetual subordinated notes with a 4.875% coupon. These notes will be listed on the NYSE under the symbol BEPI and treated similarly to preferred LP units in accounting and ratings. The issuance is managed by Wells Fargo, BofA, J.P. Morgan, Morgan Stanley, and RBC Capital Markets. Brookfield Renewable, which operates a large renewable energy portfolio of about 21,000 MW installed capacity, is part of Brookfield Asset Management, managing approximately $650 billion in assets.

Brookfield Renewable Partners L.P. (BEP) reported significant financial results for Q3 2021, achieving a record Funds From Operations (FFO) of $210 million or $0.33 per unit, a 32% year-over-year increase. The company maintained a robust balance sheet with over $3.3 billion liquidity and no near-term maturities. Major growth initiatives were highlighted, including investments of approximately $2.4 billion and 19 power purchase agreements totaling 1,300 GWh. Despite a net loss of $115 million, the diversified clean energy leader is well-positioned to capitalize on rising global decarbonization trends.