Brookfield Renewable Partners L.P. - BEP STOCK NEWS

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.

BROOKFIELD, News, Feb. 21, 2023 – Brookfield Renewable (NYSE: BEP, BEPC) announces an updated proposal to acquire Origin Energy Limited, offering A$8.90 per share. The Consortium, including Brookfield and MidOcean Energy, aims to acquire Origin’s energy markets business, which is the largest integrated generation and retail company in Australia. The deal is contingent on signing a scheme of implementation agreement and there is no certainty of completion. Brookfield Renewable operates extensive renewable assets globally, totaling 25,400 MW in installed capacity and 110,000 MW in the development pipeline.

Brookfield Renewable Partners reported financial results for the year ended December 31, 2022, showing a net loss of $295 million. Despite the loss, FFO rose to $1.005 billion, a per unit increase of 8%. Major highlights include securing contracts for 11,000 GWh, commissioning 3,500 MW of projects expected to add $45 million to annual FFO, and a robust development pipeline of 110,000 MW. The company’s balance sheet remains strong with $3.7 billion in liquidity. Brookfield announced a quarterly distribution of $0.3375 per unit, a 5.5% increase. The outlook remains positive with continued growth in renewable energy investments and strategic partnerships.

Brookfield Renewable is scheduled to hold its Fourth Quarter 2022 Conference Call on February 3, 2023, at 8:30 a.m. ET. The company will release its financial results at approximately 7:00 a.m. ET the same day, available on their website.

Participants can join via a pre-registration conference call or a webcast. Brookfield Renewable operates one of the largest publicly traded renewable power platforms globally, with approximately 24,000 MW of installed capacity and an approximately 100,000 MW development pipeline.

BROOKFIELD, News, Dec. 14, 2022 – Brookfield Renewable has received approval from the TSX to renew normal course issuer bids for various securities, including LP Units, Preferred Units, and Exchangeable Shares. BEP can repurchase up to 13,764,352 LP Units and BEPC can buy back 8,610,905 Exchangeable Shares, both representing 5% of their respective issued amounts. The transactions aim to enhance shareholder value if securities trade below their perceived value. The bids start on December 16, 2022, and end on December 15, 2023.

Brookfield Renewable has entered into an exclusivity agreement with Origin Energy Limited to explore a potential acquisition of its energy markets business. The proposal values Origin at A$18.4 billion, based on A$9.00 per share. This initiative aims to support Australia’s energy transition by acquiring Origin’s integrated generation and retail company. The consortium, including MidOcean Energy, plans to conduct due diligence before submitting a binding proposal. Approvals from shareholders and regulatory bodies will be necessary for the deal to proceed.