Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 343

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 5
Chunk 343
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. Brookfield Renewable has not yet determined the impact of this standard on its disclosures.

Amendments to IFRS 9 - Financial Instruments (“ IFRS 9”) and IFRS 7 - Financial Instruments: Disclosures (“ IFRS 7”) - Contracts Referencing Nature-Dependent Electricity

The amendments apply only to contracts referencing nature-dependent electricity and clarify the application of the “own-use” requirements, the use of hedge accounting, and adds new disclosure requirements around the effect of these contracts on the partnership’s financial performance and cash flows. The amendments to IFRS 9 and IFRS 7 apply to annual reporting periods beginning on or after January 1, 2026. Brookfield Renewable is currently assessing the impacts of these amendments.

There are currently no other future changes to IFRS with a potential material impact on Brookfield Renewable.

SUBSEQUENT EVENTS

Subsequent to year-end, Brookfield Renewable, together with its institutional partners, sold shares in TransAlta for total proceeds of approximately C$169 million ($118 million) (C$42 million ($30 million) net to Brookfield Renewable).

Subsequent to year-end, Brookfield Renewable and its institutional partners completed the dissolution of an existing joint venture in a 1,020 MW distributed generation portfolio in China. Brookfield Renewable received a non-cash distribution of approximately 541 MW distributed generation assets. As a result, Brookfield Renewable will derecognize its equity-accounted investment and consolidate the distributed generation portfolio.

Subsequent to year-end, Brookfield Renewable repurchased 422,800 LP units on the Toronto Stock Exchange at a total cost of $10 million.

Subsequent to year-end, Brookfield Renewable, together with its institutional partners, agreed to acquire a diversified operating and development platform in the U. S. with 3.9 GW of operating and under construction renewable power and storage assets and an over 30 GW development pipeline for equity consideration of approximately $950 million (expected $238 million net to Brookfield Renewable). The terms of the transaction imply an enterprise value for the portfolio of $1,735 million. The closing of this transaction is expected to occur in the first half of 2025 and is subject to customary closing conditions.

Subsequent to year-end, Brookfield Renewable, together with its institutional partners, agreed to the sale of a 25% interest in a 845 MW portfolio of wind assets in the U. S. for approximately $200 million (approximately $50 million net to Brook