Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 276

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 4
Chunk 276
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         76        117  
                                                                  902                 971                            511        624        667  
  Wind                                   629                      631       493       430                            484        382        326  
  Utility-scale solar                    416                      464       372       362                            349        261        253  
  Distributed energy & storage           227                      229       180       189                            186        133        148  
  Sustainable solutions                  496                      165        61         8                            143         52          6  
  Corporate                                —                       17        59        42                          (456)      (357)      (395)  
  Total                                    $                        $         $         $                              $          $          $  

(1) Non-IFRS measures. See “ Cautionary Statement Regarding Use of Non-IFRS Measures”. For a reconciliation of the non-IFRS measures to the most comparable IFRS financial measures, see Note 7 - Segmented information on the consolidated financial statements.

As described in Item 5. A “ Operating Results - Presentation to Stakeholders and Performance Measurement”, Adjusted EBITDA and Funds From Operations do not have any standardized meaning prescribed by IFRS and therefore are unlikely to be similar to measures presented by other companies. For additional information, see Item 5. A “ Operating Results - PART 4 - Financial Performance Review on Proportionate Information.”

As at December 31, 2024, our renewable power portfolio benefits from significant hydrology diversification, with assets distributed on 83 river systems in four countries. Our North American and Colombian assets have the ability to store water in reservoirs approximating 23% of their annualized long-term average generation. Most of our assets in Brazil are eligible to benefit from a framework that levelizes generation risk across hydroelectric producers. We believe the ability to store water in reservoirs in North America and Colombia, as well as the benefit from levelized generation in Brazil, allows us to mitigate hydrological fluctuations, optimize production and minimize losses due to outages.

North America. In North America, we generate renewable power revenues primarily through energy sales secured through long-term PPAs with creditworthy counterparties such as government-owned entities or power authorities (including for example, Ontario’s Independent Electricity System Operator, Hydro-Québec, and BC Hydro), load-serving utilities (such as Entergy Louisiana), Brookfield, and industrial and commercial