Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 318

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 5
Chunk 318
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 year endedDecember 31:

  (MILLIONS, EXCEPT AS NOTED)      2024                 2023             
 ─────────────────────────────────────────────────────────────────────────
  Revenue                             $        227         $        241  
  Other income                       88                   20             
  Direct operating costs           (86)                 (81)             
  Adjusted EBITDA (1)               229                  180             
  Interest expense                 (38)                 (43)             
  Current income taxes              (5)                  (4)             
  Funds From Operations               $        186         $        133  
  Generation (GWh) – LTA                     1,111       956             
  Generation (GWh) – actual                  1,379                1,241  

(1) Non-IFRS measures. For reconciliations to the most directly comparable IFRS measure see “ Reconciliation of Non-IFRS Measures” in this Management’s Discussion and Analysis.

Funds From Operations at our distributed energy & storage business were $186 million in 2024 versus $133 million in the prior year due to the benefits from recently acquired and commissioned facilities.

SUSTAINABLE SOLUTIONS OPERATIONS ON A PROPORTIONATE BASIS

The following table presents our proportionate results for sustainable solutions business for the year endedDecember 31:

  (MILLIONS, EXCEPT AS NOTED)      2024                 2023           
 ───────────────────────────────────────────────────────────────────────
  Revenue                          $          496          $      147  
  Other income                     66                     19           
  Direct operating costs           (397)               (105)           
  Adjusted EBITDA (1)              165                    61           
  Interest expense                 (22)                  (6)           
  Current income taxes             —                     (3)           
  Funds From Operations            $          143          $       52  

(1) Non-IFRS measures. For reconciliations to the most directly comparable IFRS measure see “ Reconciliation of Non-IFRS Measures” in this Management’s Discussion and Analysis.

Funds From Operations at our sustainable solutions business were $143 million in 2024 versus $52 million in the prior year due to growth and development including our investment in our global nuclear services business.

CORPORATE

The following table presents our results for corporate for the year ended December 31:

  (MILL