Company: BEP
Filing Date: 2025-04-02
Form Type: 424B3
Source: 0001193125-25-071429
Chunk: 28

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-04-02
Form: 424B3
Chunk 28
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 provision will not apply to suits brought to
enforce duties or liabilities created by the Exchange Act and could be found to be inapplicable or unenforceable if it is challenged in a legal proceeding or otherwise.

11

DESCRIPTION OF LIMITED PARTNERSHIP UNITS

The LP units are non-voting limited partnership interests in the Partnership. The Partnership is
authorized to issue an unlimited number of LP Units. As of February 21, 2025 there were 284,915,598 LP units outstanding (or 479,403,537 LP units assuming the exchange of all of the redeemable/exchangeable partnership units of BRELP held by
Brookfield and 659,010,561 LP units assuming the exchange of all of the outstanding redeemable/exchangeable partnership units of BRELP, exchangeable shares and Class A.2 Shares). The redeemable/exchangeable partnership units of BRELP are
subject to a redemption-exchange mechanism pursuant to which LP units may be issued in exchange for redeemable/exchangeable partnership units of BRELP on a one for one basis. The LP Units are listed on the NYSE under the symbol “BEP” and
on the TSX under the symbol “BEP.UN”. There were no changes to the Partnership’s capital structure or the LP units as a result of the Arrangement.

For more detailed information on the LP units and the limited partnership agreement of the Partnership, see “Item 10.B—Memorandum and Articles of Association—Description of Our LP Units, Preferred Units and the Amended and Restated Limited Partnership Agreement of BEP” in the BEP Annual Report and the other information incorporated by reference in this
prospectus, as updated by the Partnership’s subsequent filings with the SEC that are incorporated herein by reference. Any material U.S. and Canadian federal income tax considerations related to the LP Units will be described in a prospectus
supplement.

Withdrawal and Return of Capital Contributions

Holders of the LP units are not entitled to the withdrawal or return of capital contributions in respect of LP units, except to the extent, if
any, that distributions are made to such holders pursuant to the Partnership’s limited partnership agreement or upon the liquidation of the Partnership as described in the BEP Annual Report or as otherwise required by applicable law.

Priority

Except to the extent expressly
provided in the limited partnership agreement, a holder of LP units will not have priority over any other holder of the LP units, either as to the return of