Company: BEP
Filing Date: 2025-11-12
Form Type: 424B5
Source: 0001193125-25-275856
Chunk: 65

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-11-12
Form: 424B5
Chunk 65
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NA HoldCo”) may, from time to time, issue and sell senior or subordinated, as
applicable, debt securities (the “Debt Securities”). The Units and the Debt Securities are collectively referred to in this prospectus as the “Securities”.

The Debt Securities will be fully and unconditionally guaranteed as to payment of principal, premium (if any) and interest and certain other
amounts by the Partnership, and unless we inform you otherwise in a prospectus supplement, will be guaranteed by each of Brookfield Renewable Energy L.P. (“BRELP”), BRP Bermuda Holdings I Limited (“LATAM HoldCo”), Brookfield BRP Europe Holdings (Bermuda) Limited (“Euro HoldCo”) and BEP Subco Inc. (“Canada SubCo” and together with the Partnership, BRELP, LATAM HoldCo and Euro HoldCo, the
“Guarantors”).

Each time the Securities are offered, we will provide a prospectus supplement containing more specific
information about the particular offering and attach it to this prospectus. The prospectus supplements may also add, update or change information contained in this prospectus.

You should carefully read this prospectus and any accompanying prospectus supplement, together with the documents incorporated by reference,
before you invest in the Securities.

The LP Units are traded on the New York Stock Exchange (the “NYSE”) under the
symbol “BEP” and the Toronto Stock Exchange (the “TSX”) under the symbol “BEP.UN”. We will provide information in the applicable prospectus supplement for the trading market, if any, for any other
Securities we may offer.

An investment in the Securities involves a high degree of risk. See “Risk Factors” beginning on page 2.

Neither the U.S. Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

This prospectus may not be used to consummate sales of securities unless it is accompanied by a prospectus supplement.

The date of this prospectus is March 15, 2024.

TABLE OF CONTENTS

| ABOUT THIS PROSPECTUS                                      |     |  ii |
| WHERE YOU CAN FIND MORE INFORMATION                        |     | iii |
| DOCUMENTS INCORPORATED BY REFERENCE                        |     |  iv |
| CAUTION REGARDING FORWARD-LOOKING INFORMATION              |     |   v |
| SUMMARY                                                    |     |   1