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Brookfield Renewable Partners L.P. - BEP STOCK NEWS

Welcome to our dedicated page for Brookfield Renewable Partners L.P. news (Ticker: BEP), a resource for investors and traders seeking the latest updates and insights on Brookfield Renewable Partners L.P. stock.

Brookfield Renewable Partners L.P. (NYSE: BEP, TSX: BEP), headquartered in Toronto, Ontario, Canada, is a leading global owner and operator of renewable power assets. With a diversified portfolio that spans hydroelectric, wind, solar, and storage facilities, the company manages over 20 gigawatts of installed capacity across North America, South America, Europe, and Asia. A publicly traded limited partnership, Brookfield Renewable is approximately 60% owned by Brookfield Asset Management.

Brookfield Renewable invests in clean energy projects both directly and through partnerships including institutional partners and joint ventures. Its portfolio includes two separate listings for investors: Brookfield Renewable Partners LP and Brookfield Renewable Corporation, offering flexibility for diverse investment strategies. The company is committed to advancing the global transition to renewable energy, driven by substantial investments in its development pipeline, which totals approximately 134,400 megawatts of renewable power assets.

Recent Achievements:

  • In October 2023, Brookfield Renewable completed the acquisition of Duke Energy's unregulated commercial renewables business, rebranding it as Deriva Energy. This transaction adds 5,900 megawatts of operating and under-construction wind, solar, and storage assets to Brookfield's portfolio.
  • Brookfield continues to secure significant agreements, such as the Virtual Power Purchase Agreement (VPPA) with Zoetis Inc. for a 50-megawatt portion of Scout Clean Energy's Heart of Texas Wind Farm. This project underscores Brookfield's role in facilitating carbon neutrality efforts for various industries.

Brookfield Renewable's financial performance remains robust, as indicated by its funds from operations (FFO) of $296 million in Q1 2024, an 8% increase year-over-year. The company is well-positioned to deliver a target 10%+ FFO per unit growth for the year, driven by strong hydro resources and impactful development initiatives. Amidst a challenging economic landscape, Brookfield Renewable's strategy emphasizes sustainable growth and shareholder returns.

Additionally, Brookfield Renewable leverages its scale and expertise to drive innovation in the renewable energy sector. The company's assets under management reflect its commitment to investing in real assets and businesses that are essential to the global economy. With a vision to be at the forefront of the climate transition, Brookfield Renewable continues to expand its footprint in renewable power and decarbonization solutions, benefiting from Brookfield Asset Management's expansive capital and operational know-how.

News

Brookfield Renewable Reports Record Results and Announces 5% Distribution Increase

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Brookfield Renewable Partners L.P. reported a record year in 2023 with a 7% increase in FFO per unit and a $9 billion capital deployment. The company delivered almost 5,000 megawatts of new clean energy capacity, expanded its development pipeline, and executed significant transactions in the fourth quarter. Despite challenges in the sector, Brookfield Renewable capitalized on opportunities, repurchasing 2 million units and strengthening its balance sheet. The company declared a 5% increase in its quarterly distribution, reflecting confidence in its growth trajectory.
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Scout Signs Virtual Power Purchase Agreement with AdventHealth for Texas Wind Farm

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Scout Clean Energy signs a Virtual Power Purchase Agreement (VPPA) with AdventHealth for a 90-megawatt portion of the Heart of Texas Wind Farm, expected to support 40% of AdventHealth's electricity needs, and reduce greenhouse gas emissions. The wind farm generates enough clean energy for the ERCOT grid to power approximately 67,000 homes and supports local communities through tax incentive agreements, with an estimated $36 million economic impact over the project's life.
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Brookfield Renewable to Issue C$400 Million of Green Bonds

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Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC) has announced the issuance of C$400 million aggregate principal amount of medium-term notes, Series 17, due January 10, 2054, bearing interest at a rate of 5.318% per annum. The Notes will be fully and unconditionally guaranteed by Brookfield Renewable and certain key holding subsidiaries.
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Brookfield Renewable Announces Updated Green Financing Framework

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Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC) has updated its Green Financing Framework to align with its strategy for investing in businesses and projects supporting the transition to net zero. The framework incorporates eligible investment categories, sets parameters according to the latest Green Bond Principles and Green Loan Principles, and provides enhanced allocation and impact reporting. S&P Global has provided a Second Party Opinion (SPO) report confirming alignment with the Principles. Brookfield Renewable operates one of the world’s largest publicly traded platforms for renewable power and decarbonization solutions, with a portfolio of hydroelectric, wind, utility-scale solar, and storage facilities totaling approximately 31,800 megawatts of installed capacity. Investors can access its portfolio through Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: BEP.UN) or Brookfield Renewable Corporation (NYSE, TSX: BEPC).
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Brookfield Renewable to Host Fourth Quarter 2023 Results Conference Call

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Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC) will hold its Fourth Quarter 2023 Conference Call and Webcast on Friday, February 2, 2024 at 9:00 a.m. ET to discuss results and business initiatives. The company operates one of the world’s largest publicly traded, pure-play renewable power platforms with a portfolio consisting of hydroelectric, wind, utility-scale solar and storage facilities in various regions. Brookfield Renewable has approximately 31,800 megawatts of installed capacity and a development pipeline of approximately 143,400 megawatts of renewable power assets. Investors can access its portfolio either through Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: BEP.UN) or Brookfield Renewable Corporation (NYSE, TSX: BEPC).
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Brookfield Renewable Announces Renewal of Normal Course Issuer Bids

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Brookfield Renewable (BEP.UN, BEP, BEPC, BEPC) announces the renewal of its normal course issuer bids for LP Units, Preferred Units, Exchangeable Shares, and Preferred Shares. The company aims to repurchase a certain percentage of its outstanding securities to reflect their true value.
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Brookfield Acknowledges Result of the Origin Energy Shareholder Vote

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Brookfield Asset Management (NYSE: BAM, TSX: BAM) and its affiliate Brookfield Renewable Partners (NYSE: BEP, BEPC; TSX BEP.UN, BEPC) acknowledge the result of Origin Energy Limited's shareholder vote of 69% in favor of the previously announced Scheme of Arrangement, short of the required 75% approval level. As a result, Brookfield will evaluate its next steps with respect to Origin, considering the potential impact of the Australian Government's proposed expansion to its Capacity Investment Scheme and National Energy Transformation Partnership. Brookfield Renewable operates one of the world’s largest publicly traded, pure-play renewable power platforms, with a portfolio totaling approximately 31,800 megawatts of installed capacity and a development pipeline of approximately 143,400 megawatts of renewable power assets. For more information, visit https://bep.brookfield.com.
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Brookfield Renewable Reports Strong Third Quarter Results

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Brookfield Renewable Partners reported financial results for Q3 2023, with FFO of $253 million, representing a 7% increase compared to the prior year. They closed acquisitions of X-Elio and Deriva Energy and advanced acquisitions of Westinghouse Electric and Origin Energy. They signed transactions for $2.2 billion of equity investment and commissioned 2,200 megawatts of capacity year-to-date. They expect to execute $20 billion of non-recourse financing this year. The renewables sector experienced lower market prices, but Brookfield remains well-positioned with access to capital and attractive investment opportunities.
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Duke Energy Renewables Rebrands as Deriva Energy under Brookfield Ownership

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Deriva Energy, formerly Duke Energy's unregulated commercial renewables business, has made its debut as an independent developer, owner, and operator of clean energy projects in the United States. The acquisition by Brookfield provides Deriva with access to capital for growth and operating expertise.
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Brookfield Renewable to Host Third Quarter 2023 Results Conference Call

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Brookfield Renewable to hold Third Quarter 2023 Conference Call and Webcast
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FAQ

What is the current stock price of Brookfield Renewable Partners L.P. (BEP)?

The current stock price of Brookfield Renewable Partners L.P. (BEP) is $22.95 as of December 20, 2024.

What is the market cap of Brookfield Renewable Partners L.P. (BEP)?

The market cap of Brookfield Renewable Partners L.P. (BEP) is approximately 6.5B.

What does Brookfield Renewable Partners L.P. do?

Brookfield Renewable Partners L.P. owns and operates renewable power assets globally, including hydroelectric, wind, solar, and storage facilities.

Where is Brookfield Renewable Partners L.P. headquartered?

Brookfield Renewable Partners L.P. is headquartered in Toronto, Ontario, Canada.

Who owns Brookfield Renewable Partners L.P.?

Brookfield Renewable Partners L.P. is approximately 60% owned by Brookfield Asset Management.

What recent acquisitions has Brookfield Renewable made?

In October 2023, Brookfield Renewable acquired Duke Energy's unregulated commercial renewables business, now rebranded as Deriva Energy.

What is the installed capacity of Brookfield Renewable's portfolio?

Brookfield Renewable's portfolio consists of over 20 gigawatts of installed capacity.

How does Brookfield Renewable invest in clean energy projects?

Brookfield Renewable invests directly and through partnerships, including joint ventures and institutional partners.

What financial performance did Brookfield Renewable report in Q1 2024?

Brookfield Renewable reported funds from operations (FFO) of $296 million in Q1 2024, an 8% increase from the previous year.

What is the development pipeline of Brookfield Renewable?

Brookfield Renewable's development pipeline includes approximately 134,400 megawatts of renewable power assets.

What are Brookfield Renewable's key areas of focus?

Brookfield Renewable focuses on renewable power generation and climate transition solutions, leveraging its scale and expertise to drive growth and innovation.

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Brookfield Renewable Partners L.P.

NYSE:BEP

BEP Rankings

#1102 Ranked by Market Cap
#445 Ranked by Dividends

BEP Stock Data

6.46B
285.11M
66.17%
0.41%
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