Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 243

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 4
Chunk 243
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) of battery storage.

• Brookfield Renewable, together with institutional partners, achieved commercial operation of 571 MW (136 MW net to Brookfield Renewable) of renewable power assets in South America, including the following:

◦499 MW (123 MW net to Brookfield Renewable) of utility-scale solar; and

◦72 MW (13 MW net to Brookfield Renewable) of distributed generation solar.

We, together with our institutional partners, continue to progress our advanced stage development projects, including the following:

•23,267 MW of onshore wind, utility-scale solar, distributed generation solar and battery storage in North America including the U. S., Canada, Mexico and the Caribbean.

•21,994 MW of onshore wind, utility-scale solar, distributed generation solar and battery storage in Asia-Pacific including Australia, India, China, Japan and Korea.

•19,227 MW of onshore wind, offshore wind, utility-scale solar, distributed generation solar and battery storage in Europe including France, Spain, Germany, Poland, Italy, the U. K., Portugal, Romania, Sweden, Finland and Ireland.

•1,819 MW of utility-scale solar, distributed generation solar and battery storage in South America including Brazil, Colombia, Chile and Argentina.

Acquisitions

We signed or closed the following acquisitions (all figures approximate):

• In July 2024, Brookfield Renewable, together with institutional partners, acquired a 74% interest in a leading wind focused commercial and industrial renewable business in India, with approximately 500 MW of operating capacity and an almost 3 GW development pipeline for initial consideration of $87 million ($17 million net to Brookfield Renewable) with the opportunity to invest an incremental $121 million ($24 million net to Brookfield Renewable). Brookfield Renewable holds an approximately 15% interest.

• In July 2024, Brookfield Renewable, together with institutional partners, acquired the operating and development platform of a South Korean solar-focused renewables platform with 340 MW of operating and near construction distributed generation capacity and a 2.2 GW pipeline, for initial consideration of $30 million (expected $8 million net to Brookfield Renewable) with the potential to deploy up to $468 million of incremental capital (expected $117 million net to Brookfield Renewable). Brookfield Renewable is expected to hold an approximately 25% interest.

• In July 2024, Brookfield Renewable, together with institutional partners, agreed to acquire a 75% interest in a leading renewables development platform in Australia with over 2 GW of wind and co-