Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 545

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 19
Chunk 545
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15 524 2.75 87 17 45 2 59

  F - 31  

South Korea Distributed Generation Portfolio

On July 22, 2024, Brookfield Renewable, together with its institutional partners, completed the acquisition of a fully integrated distributed generation focused renewable platform in South Korea, with 103 2.2 23 17 2 2 5 4 4 17

Neoen

In December 2024, Brookfield Renewable, together with its institutional partners, completed the acquisition of a 53 3.2 3.4 258 269 8 20 100 6.2 6.4 492 512 10 579

The preliminary purchase price allocations, at fair value, as at December 31, 2024, with respect to the acquisitions are as follows:

  (MILLIONS)                                                                                        India Wind Portfolio (1)      South Korea Distributed Generation Portfolio (1)      Neoen (1)                    Total             
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Cash and cash equivalents                                                                         $                             $                                                             $        544             $        553  
  Trade receivables and other current assets                                                        18                            7                                                           341                      366             
  Assets classified as held for sale                                                                —                             —                                                           861                      861             
  Property, plant and equipment, at fair value                                                      154                           100                                                                  7,185                    7,439  
  Deferred income tax assets                                                                        —                             —                                                            60                       60             
  Financial instrument assets (2)                                                                   —                             —                                                           345                      345             
  Equity accounted investments                                                                      —                             —                                                             8                        8             
  Other non-current assets                                                                          1                             —                                                            68                       69             
  Accounts payable and accrued liabilities                                                          ( 3)                          ( 10)                                                    ( 367)                   ( 380)             
  Current portion of non-recourse borrowings                                                        ( 13)                         ( 1)                                                     ( 955)                   ( 969)             
  Liabilities directly associated with assets held for sale                                         —                             —                                                        ( 340)                   ( 340)             
  Financial instrument liabilities (2)                                                              —                             —                                                        ( 101)                   ( 101)             
  Non-recourse borrowings                                                                           ( 28)