Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 246

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 4
Chunk 246
---
 together with institutional partners, agreed to sell its 25% interest in a joint venture with over 2 GW of pumped storage capacity in the U. K., for proceeds of approximately $340 million (approximately $100 million net to Brookfield Renewable). The transaction is subject to customary closing conditions, with closing expected to occur in the first half of 2025.

• In November 2024, Brookfield Renewable, together with institutional partners, agreed to sell a 1,600 MW portfolio of operating and under construction wind and solar assets in India. The transaction is subject to customary closing conditions, with closing expected to occur in parts in the first quarter of 2025 and 2026.

• In November 2024, Brookfield Renewable, together with institutional partners, completed the sale of a 90 MW portfolio of hydroelectric assets in Brazil for proceeds of $104 million ($44 million net to Brookfield Renewable).

• In December 2024, Brookfield Renewable, together with institutional partners, completed the sale of a renewable platform with 682 MW of wind assets, 63 MW of solar assets and a 1.6 GW development pipeline in Portugal and Spain, for proceeds of approximately $741 million (approximately $430 million net to Brookfield Renewable).

• In December 2024, Brookfield Renewable, together with institutional partners, completed the sale of a 50% interest in a 845 MW portfolio of wind assets in Oregon, for proceeds of approximately $380 million (approximately $95 million net to Brookfield Renewable). In February 2025, Brookfield Renewable, together with institutional partners, agreed to sell an additional 25% interest in the same portfolio for proceeds of approximately $200 million (approximately $95 million net to Brookfield Renewable), with closing expected to occur in the first half of 2025, subject to customary closing conditions. Brookfield Renewable will retain a 25% interest (6.25% net to Brookfield Renewable) and retains management and operating responsibilities for the assets in the portfolio.

Other Transactions

In May 2024, the Partnership signed a renewable energy framework agreement with Microsoft, where we expect to deliver them 10,500 MW of new renewable energy capacity in the U. S. and Europe between 2026 and 2030. The agreement includes the potential to increase its scope to deliver additional renewable energy capacity within the U. S. and Europe, and beyond to Asia-Pacific, India, and Latin America.

Project Financings

In 2024, Brookfield Renewable