Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 255

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 4
Chunk 255
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 the United States. In aggregate, Brookfield Renewable has an operating capacity of approximately 10,000 MW across utility-scale wind and solar assets and an approximately 62,000 MW development pipeline in those technologies as well as battery storage.

Our utility-scale development capabilities are strengthened through the following portfolio of independent, national utility-scale wind, solar and battery storage development platforms:

•TerraForm Power, a utility-scale platform with operations in the U. S. and Canada

•Scout Clean Energy, a leading national utility-scale renewable energy developer-owner-operator across highly attractive markets

•Urban Grid, a utility-scale developer in high-value markets in the United States

• Deriva Energy, a renewables platform focused on utility-scale projects with an extensive development pipeline and repowering opportunities

Distributed Generation

Complementing our utility-scale solar portfolio is our approximately 1,800 MW operating DG portfolio, which is one of the largest commercial and industrial distributed generation portfolios in the United States, and benefits from dedicated development teams who are advancing an approximately 7,000 MW development pipeline. Our U. S. DG portfolio includes:

• Standard Solar, a market-leading owner and operator of commercial and community distributed solar with end-to-end development capabilities

•Luminace, our decarbonization-as-a-service platform with decades of experience in the North American distributed generation market

Sustainable Solutions

Westinghouse is one of the world’s largest nuclear services businesses. We, together with institutional partners, hold an aggregate 51% interest (approximately 11% net to Brookfield Renewable) with Cameco owning 49%. As this investment is structured as a joint venture with Cameco, we note that Cameco may have certain approval rights over decisions relating to the underlying operations and financing activities of Westinghouse, as well as rights related to the sale or transfer of interests in Westinghouse. See also information contained under Item 3. D “ Risk Factors - Risks Relating to our Growth Strategy”.

Westinghouse is a leading supplier of services to the global nuclear power generation industry that generates a majority of its earnings from regularly recurring refueling and maintenance services. Westinghouse is the OEM or technology provider for approximately 50% of global commercial nuclear power plants. We believe that decades of technological innovation in this business have supported the build-out of world-class capabilities and a highly skilled workforce with know-how across technologies in the key markets of North America, Europe, the Middle East and Asia.

Westinghouse generates revenues through the entire life of the nuclear power plant