Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 225

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 3
Chunk 225
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-U. S. Holder would have had effectively connected gain or loss had BEP sold all of its assets at their fair market value as of the date of such sale. In such case, any such effectively connected gain generally would be taxable at the regular graduated U. S. federal income tax rates, and the amount realized from such sale generally would be subject to a 10% U. S. federal withholding tax. See Item 10. E “ Taxation - Certain Material U. S. Federal Income Tax Considerations - Consequences to Non-U. S. Holders.”

To meet U. S. federal income tax and other objectives, BEP and BRELP may invest through U. S. and non-U. S. Holding Entities that are treated as corporations for U. S. federal income tax purposes, and such Holding Entities may be subject to corporate income tax.

To meet U. S. federal income tax and other objectives, BEP and BRELP may invest through U. S. and non-U. S. Holding Entities that are treated as corporations for U. S. federal income tax purposes, and such Holding Entities may be subject to corporate income tax. Consequently, items of income, gain, loss, deduction, or credit realized in the first instance by the Operating Entities will not flow, for U. S. federal income tax purposes, directly to BRELP, BEP, or LP unitholders, and any such income or gain may be subject to a corporate income tax, in the United States or other jurisdictions, at the level of the Holding Entity. Any such additional taxes may adversely affect BEP’s ability to maximize its cash flow.

LP unitholders taxable in the United States may be viewed as holding an indirect interest in an entity classified as a “passive foreign investment company” for U. S. federal income tax purposes.

U. S. Holders may face adverse U. S. tax consequences arising from the ownership of an indirect interest in an entity classified as a “passive foreign investment company” (“PFIC”) for U. S. federal income tax purposes. Based on the organizational structure of BEP, as well as BEP’s expected income and assets, the Managing General Partner and the BRELP General Partner currently believe that a U. S. Holder is unlikely to be regarded as owning an interest in a PFIC solely by reason of owning LP units during the taxable year ending December 31, 2025. However, there can be no assurance that an existing BEP entity or