Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 550

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 19
Chunk 550
---
 48)                                                                               ( 346)      —                                           ( 400)  
  Deferred income tax                                                                               —                                           ( 7)                                      ( 43)                                                                                    —      —                                            ( 50)  
  Provisions                                                                                        —                                           —                                         —                                                                                    ( 25)      ( 29)                                        ( 54)  
  Other long-term liabilities                                                                       —                                           —                                         ( 30)                                                                                ( 35)      ( 68)                                       ( 133)  
  Fair value of net assets                                                                          19                                          22                                        473                                                                                    305                                       1,109              
  Non-controlling interests                                                                         —                                           —                                         —                                                                                        —      ( 26)                                        ( 26)  
  Goodwill                                                                                          18                                          68                                        287                                                                                    309      9                                              691  
  Total fair value of net assets acquired including goodwill, net of non-controlling interests      $                                           $                                         $                                                                                        $      $                                1,092           $  

(1) During the year ended December 31, 2022, Brookfield Renewable recorded purchase price allocation adjustment of $ 176

(2) The purchase price allocation was preliminary as at December 31, 2022 and was finalized during the year ended December 31, 2023.

(3) During the year ended December 31, 2022, Brookfield Renewable recorded purchase price allocation adjustments of $ 97

(4) Refer to Note 4 - Disposal of assets.

(5) Includes both short-term and long-term balances.

The following investments were accounted for using the equity method as Brookfield Renewable has significant influence through its position in the business, and the results of operations have been included in the audited annual consolidated financial statements since the date of investment.

Spanish Distributed Generation Portfolio (“ Powen”)

In February 2022, Brookfield Renewable, together with institutional partners, acquired an initial 16 700 22 6 34 7 32 6

  F - 38  

In the second and third quarter of 2023, Brookfield Renewable, together with its institutional partner, subscribed for additional shares in Powen for $ 49 10 44 8.8

During the second and third quarter of 2024, Brookfield Renewable, together with its institutional partner, subscribed for additional shares in a distributed generation development business in Spain and Mexico. The incremental subscription increased our total interest from approximately 44 50 10

Island Aggregator LP