Welcome to our dedicated page for Brookfield Renewable news (Ticker: BEPC), a resource for investors and traders seeking the latest updates and insights on Brookfield Renewable stock.
Brookfield Renewable Corporation (BEPC) is part of Brookfield Renewable, which operates what it describes as one of the world’s largest publicly traded platforms for renewable power and sustainable solutions. Company news for BEPC and its related entities often focuses on developments across hydroelectric, wind, utility-scale solar, distributed solar and storage facilities, as well as sustainable solutions investments in nuclear services, carbon capture and storage capacity, agricultural renewable natural gas, materials recycling and eFuels manufacturing capacity.
Investors following BEPC news can expect regular updates on capital markets activity, such as green-labelled note issuances and at-the-market equity issuance programs for BEPC’s class A exchangeable subordinate voting shares. Announcements have included details on green bond offerings under Brookfield Renewable’s Green Financing Framework and the use of proceeds for Eligible Investments, as well as the structure and purpose of equity distribution agreements.
Another recurring theme in Brookfield Renewable’s news is capital management, including renewals of normal course issuer bids for BEPC exchangeable shares and other securities, and the use of automatic share purchase plans. The company also issues news releases about quarterly results, conference calls and webcasts, where it discusses financial performance, segment contributions and business initiatives across its global renewable and sustainable solutions platform.
For investors and observers interested in the utilities and renewable energy space, the BEPC news stream provides insight into how Brookfield Renewable approaches financing, issuer bids, and portfolio development in technologies such as hydro, wind, solar, storage and energy transition–related assets. This page aggregates those disclosures so readers can review Brookfield Renewable’s announcements related to BEPC over time.
Brookfield Renewable Partners announced plans to redeem all outstanding Class A Preferred Limited Partnership Units, Series 11, for cash on April 30, 2022. The redemption price is set at C$25.00 per Series 11 Preferred Unit. Holders of these units recorded as of April 14, 2022 will also receive a final quarterly distribution of C$0.3125 per unit. Brookfield Renewable is a major player in renewable energy, managing about 21,000 megawatts of installed capacity globally.
BROOKFIELD, March 1, 2022 - Brookfield Renewable Partners (BEP) and Brookfield Renewable Corporation (BEPC) announced the filing of their 2021 annual reports, including audited financial statements, with the SEC and Canadian authorities. The reports detail their renewable power portfolio, which includes hydroelectric, wind, solar, and storage facilities totaling approximately 21,000 megawatts of installed capacity and a 62,000-megawatt development pipeline. These reports are accessible on the companies' websites and via SEC and SEDAR.
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 Corporation (BEPC) held its annual meeting on June 22, 2021, where all nine nominees for the board of directors were successfully elected. Holders of class A exchangeable subordinate voting shares and class B multiple voting shares participated in the voting process, with class B shares accounting for a 75% voting interest. Notably, Scott Cutler received 99.93% support, while Patricia Zuccotti received 99.98%. Brookfield Renewable operates one of the largest publicly traded renewable power platforms, with approximately 21,000 megawatts of installed capacity.