Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 305

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 5
Chunk 305
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 31, 2024 were 663.6 million (2023: 657.1 million), being inclusive of our LP units, Redeemable/Exchangeable partnership units, BEPC exchangeable shares and class A.2 exchangeable shares and GP interest.

  AS AT DECEMBER 31                                                                                       
  (MILLIONS, EXCEPT AS NOTED)                                                                             
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────
  Liquidity and Capital Resources                                                                         
  Available liquidity                                                                4,320         4,121  
  Debt to capitalization – Corporate                                                    15            12  
  Debt to capitalization – Consolidated                                                 40            40  
  Non-recourse borrowings as a percentage of total borrowings – Consolidated            91            91  
  Fixed rate debt exposure on a proportionate basis (1)                                 95            96  
  Corporate borrowings                                                                                    
  Average debt term to maturity                                                   12 years      10 years  
  Average interest rate                                                                4.5           4.3  
  Non-recourse borrowings on a proportionate basis                                                        
  Average debt term to maturity                                                   11 years      12 years  
  Average interest rate                                                                5.4           5.4  

(1) Total floating rate exposure is 13% (2023: 12%) of which 13% (2023: 8%) is related to floating rate debt exposure of certain regions-outside of North America and Europe due to the high cost of hedging associated with those regions.

Operations

Funds From Operations of $1,217 million or $1.83 on a per Unit basis is higher than the prior year driven by:

• Contributions from growth, including almost 7,000 MW of new development projects reaching commercial operation in the past 12 months;

•Strong all-in pricing across most of our fleet; and

• High asset availability across our portfolio

After deducting non-cash depreciation, foreign exchange and derivative gains or losses and other, net loss attributable to Unitholders was $464 million or $0.89 per LP unit, compared to net loss attributable to Unitholders of $100 million or $0.32 per LP unit in the prior year.

Refer to Part 2 - Financial Performance Review on Consolidated Information in this Management’s Discussion and Analysis for details on consolidated statements of income (loss).

We continue to be the partner of choice to procure clean