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Brookfield Renewable Corporation - BEPC STOCK NEWS

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

Brookfield Renewable Corporation Class A Subordinate Voting Shares (symbol: BEPC) represent one of the most substantial entities in the global renewable energy sector. As a prominent diversified, multitechnology owner and operator of clean energy assets, Brookfield Renewable commands a vast portfolio comprising hydroelectric, wind, solar, and storage facilities.

The company’s installed capacity exceeds an impressive 20 gigawatts, distributed across North America, South America, Europe, and Asia. This wide geographical presence underscores Brookfield Renewable’s commitment to fostering sustainable energy solutions worldwide.

Brookfield Renewable operates through various strategic investments, including direct asset ownership, partnerships with institutional investors, joint ventures, and other collaborative arrangements. This flexible investment strategy allows Brookfield Renewable to optimize its asset performance and leverage industry opportunities effectively.

Recent achievements include the closing of highly accretive mergers and acquisitions, solidifying its position in the renewable energy market. The company consistently delivers robust financial performance, highlighted by an 8% increase in Funds From Operations (FFO) amounting to $296 million, or $0.45 per unit, for the quarter ending March 31, 2024. This strong financial footing is bolstered by solid resource management across their hydroelectric fleet and ongoing growth initiatives.

Brookfield Renewable’s key projects include the Virtual Power Purchase Agreement (VPPA) with Zoetis Inc. for a 50-megawatt portion of the Heart of Texas Wind Farm, an initiative that significantly contributes to Zoetis' carbon neutrality goals. This partnership reflects Brookfield Renewable's ability to forge strategic alliances that drive sustainable development.

Additionally, the company has a notable development pipeline consisting of approximately 143,400 megawatts of renewable power assets, underscoring its future growth potential. The company’s focus on carbon capture and storage, recycled material production, and renewable natural gas production further enhances its environmental impact.

Brookfield Renewable’s shares are traded under two listings: Brookfield Renewable Partners LP and Brookfield Renewable Corporation, offering investors diversified opportunities to participate in the rapidly growing renewable energy market.

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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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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Brookfield Renewable Announces Automatic Purchase Plan

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Brookfield Renewable Partners has entered into an automatic purchase plan for its outstanding LP Units, allowing for repurchases during trading blackout periods. The number of units purchased, timing, and price will depend on market conditions. Brookfield Renewable operates a large renewable power platform with 31,300 MW of installed capacity and a development pipeline of 134,400 MW. It is the flagship company of Brookfield Asset Management, with $850 billion of assets under management.
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FAQ

What is the current stock price of Brookfield Renewable Corporation (BEPC)?

The current stock price of Brookfield Renewable Corporation (BEPC) is $28.3 as of December 20, 2024.

What is the market cap of Brookfield Renewable Corporation (BEPC)?

The market cap of Brookfield Renewable Corporation (BEPC) is approximately 5.0B.

What is Brookfield Renewable Corporation?

Brookfield Renewable Corporation is a global leader in renewable energy, owning and operating a diversified portfolio of hydroelectric, wind, solar, and storage facilities worldwide.

Where are Brookfield Renewable’s assets located?

Brookfield Renewable’s assets are located across North America, South America, Europe, and Asia.

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

Brookfield Renewable’s portfolio has an installed capacity of over 20 gigawatts.

How does Brookfield Renewable invest in assets?

Brookfield Renewable invests in assets directly, with institutional partners, joint venture partners, and through other collaborative arrangements.

What are some recent achievements of Brookfield Renewable?

Recent achievements include closing highly accretive M&A transactions, increasing FFO by 8% to $296 million, and partnering with Zoetis Inc. through a VPPA for a portion of the Heart of Texas Wind Farm.

What financial performance did Brookfield Renewable report for Q1 2024?

For Q1 2024, Brookfield Renewable reported FFO of $296 million, an increase of 8% compared to the previous year.

What is the development pipeline of Brookfield Renewable?

The development pipeline includes approximately 143,400 megawatts of renewable power assets.

What type of energy projects does Brookfield Renewable pursue?

Brookfield Renewable pursues hydroelectric, wind, solar, and storage projects, as well as carbon capture and storage, recycled material production, and renewable natural gas production.

How can investors participate in Brookfield Renewable?

Investors can participate through Brookfield Renewable Partners LP and Brookfield Renewable Corporation, both of which are publicly traded.

What impact does Brookfield Renewable aim to have on the environment?

Brookfield Renewable aims to significantly reduce carbon emissions and promote sustainability through its extensive portfolio of clean energy assets and innovative environmental projects.

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Brookfield Renewable Corporation

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