Company: BEP
Filing Date: 2025-04-02
Form Type: 424B3
Source: 0001193125-25-071429
Chunk: 16

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-04-02
Form: 424B3
Chunk 16
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.2 Shares such that exchanges by the Brookfield Group may not result in the Brookfield Group owning 9.5% or more of the aggregate fair market value of all issued and outstanding shares
of our company) or LP units.

The Brookfield Group is, and the selling securityholders are expected to be, affiliated with our company and
the Partnership. However, neither our company nor the Partnership will receive any proceeds from the sales of these exchangeable shares by the selling securityholder.

This prospectus also relates to the underlying offer of LP units that may be issued by the Partnership or delivered by our company or
Brookfield Corporation upon any exchange, redemption or acquisition of exchangeable shares being offered by the selling securityholders hereunder (including, if applicable, in connection with liquidation, dissolution or winding up of our company) in
accordance with the terms of the exchangeable shares as provided in our company’s articles of incorporation and/or the Rights Agreement.

For additional information regarding relationships between the selling securityholders and our company and the Partnership, see elsewhere in
this prospectus, the applicable prospectus supplement(s) and the documents incorporated by reference herein and therein. In addition, for a description of potential conflicts of interest (and the methods of resolving them), please see Item 7.B,
“Related Party Transactions—Relationship with Brookfield” in the BEP Annual Report and Item 7.B, “Related Party Transactions—Brookfield Relationship Agreement” in
the BEPC Annual Report, each of which is incorporated by reference in this prospectus.

4

CAPITALIZATION

For information regarding the capitalization of our company and the Partnership, see the documents incorporated by reference herein. Each
prospectus supplement will include information on our company’s and the Partnership’s capitalization in connection with offerings hereunder.

5

DESCRIPTION OF EXCHANGEABLE SHARES

The following description of the exchangeable shares sets forth certain general terms and provisions of exchangeable shares following
consummation of the Arrangement. As of February 21, 2025, there were 144,887,341 exchangeable shares outstanding. This description is in all respects subject to and qualified in its entirety by applicable law and the provisions of our
company’s articles and notice of articles (“our articles”) and the Rights Agreement entered into in connection with the closing of the Arrangement. Our articles and the Rights Agreement are filed as exhibits to the Registration
Statement of which this prospectus forms a part.

Through the rights and governance structures described