Brookfield Renewable Corp Stock Price, News & Analysis

Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: BEP.UN) announced on April 18, 2023, that it will not reclassify its Class A Preferred Limited Partnership Units, Series 13 (Series 13 Units) into Series 14 Units. The company received only 22,106 units for reclassification, far below the required 1,000,000 units. As a result, holders of Series 13 Units will retain their current holdings. Brookfield Renewable operates globally in renewable energy sectors, including hydroelectric, wind, and solar power, with an installed capacity of approximately 25,400 megawatts. The company is part of Brookfield Asset Management, which manages around US$800 billion in assets.

BROOKFIELD, April 6, 2023 - Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: BEP.UN) has set the fixed distribution rate for its Class A Preferred Limited Partnership Units, Series 13 for the period from May 1, 2023, to April 30, 2028. The quarterly distributions will be 6.05%, equating to $0.378125 per unit per quarter. Holders can opt to convert Series 13 Units into Series 14 Units by April 17, 2023. If declared, Series 14 will feature floating rates based on the three-month Government of Canada treasury bills. There are 10 million Series 13 Units currently outstanding, and reclassification will occur if the number falls below one million. The Toronto Stock Exchange has conditionally approved the listing of Series 14 Units, trading under the symbol 'BEP.PR.N'. Brookfield Renewable operates globally across renewable energy sectors, managing approximately 25,400 megawatts of installed capacity.

BROOKFIELD, March 31, 2023 (GLOBE NEWSWIRE) -- Brookfield Renewable (NYSE: BEP, BEPC) announces its First Quarter 2023 Conference Call on May 5, 2023, at 8:30 a.m. ET to discuss financial results and initiatives.

Results will be available at approximately 7:00 a.m. ET on the same date on their website. Participants can join via conference call or webcast, with pre-registration required for the call. Brookfield Renewable manages a vast portfolio of decarbonization technologies, boasting about 25,400 MW of installed capacity and a development pipeline of around 110,000 MW.

Brookfield Renewable announced the issuance of C$400 million medium-term notes, Series 16, due October 28, 2033, with a 5.292% interest rate, payable semi-annually. The notes, guaranteed by Brookfield Renewable and its key subsidiaries, will close around March 29, 2023.

This marks Brookfield's seventh corporate-level green bond in Canada, with proceeds aimed at repaying debt related to eligible investments. The notes are rated BBB+ by S&P and Fitch and BBB (high) by DBRS. They are offered through a syndicate led by Scotiabank, CIBC Capital Markets, and RBC Capital Markets.

A consortium led by Brookfield Renewable Partners has reached an agreement to acquire Origin Energy for an enterprise value of $18.7 billion. The acquisition includes Origin’s Energy Markets, Australia’s largest integrated power generator, and the Integrated Gas segment. Shareholders will receive $8.91 per share, a 53.4% premium over the unaffected share price. Brookfield plans to invest at least $20 billion in renewable energy and storage over the next decade, aiming to significantly reduce carbon emissions. The transaction’s completion is subject to shareholder approval and regulatory approvals.

Scout Clean Energy has received the final delivery of 71 GE 2.8-127 wind turbines for the 200 MW Sweetland Wind Project in Hand County, South Dakota. This marks the first project since its acquisition by Brookfield Renewable. The Sweetland project is expected to produce over 903,500 megawatt hours of renewable energy annually, offsetting about 615,000 tons of carbon emissions. Construction will create over 200 temporary jobs and 10 permanent positions, contributing an estimated $35 million in local revenue. Scout, backed by Brookfield Renewable, has a significant portfolio with 1,200 MW of operating assets and a pipeline of 22,000 MW in renewables.

Brookfield Renewable (NYSE: BEP, BEPC) has filed its 2022 annual reports, including audited financial statements for the year ended December 31, 2022, with the SEC and Canadian authorities. These documents are accessible via the company’s website and regulatory platforms. Brookfield Renewable manages one of the largest publicly traded platforms for decarbonization technologies, with a portfolio comprising hydroelectric, wind, solar, and sustainable solutions across five continents. The company has about 25,400 megawatts of installed capacity and a development pipeline of 110,000 megawatts in renewable energy initiatives.