Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 331

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 5
Chunk 331
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1,428                 891       870            
  GP Interest and incentive distributions                                       134       116                  100       134       116       100  
  Redeemable/Exchangeable partnership units                                     277       265                  250       276       263       250  
  BEPC exchangeable shares and class A.2 exchangeable shares                    256       241                  220       256       241       220  
  LP units                                                                      406       383                  355       395       370       345  

LP unit distributions per unit on an annualized basis were increased as follows:

  Date of            Amount of            Annual      Distribution    
  Increase            Increase      Distribution      Effective Date  
 ──────────────────────────────────────────────────────────────────────
  February 2020          $0.06            $1.160      March 2020      
  February 2021          $0.06            $1.215      March 2021      
  February 2022          $0.06            $1.280      March 2022      
  February 2023          $0.07            $1.350      March 2023      
  February 2024          $0.07            $1.420      March 2024      
  January 2025           $0.07            $1.492      March 2025      

CONTRACTUAL OBLIGATIONS

Please see Note 28 - Commitments, contingencies and guarantees in the audited annual consolidated financial statements for further details on the following:

•Commitments - Water, land, and dam usage agreements, and agreements and conditions on committed acquisitions of operating portfolios and development projects;

•Contingencies - Legal proceedings, arbitrations and actions arising in the normal course of business, and providing for letters of credit; and

•Guarantees - Nature of all the indemnification undertakings and guarantees to third-parties for certain transactions.

SUPPLEMENTAL FINANCIAL INFORMATION

In April 2021, December 2021 and March 2024, Brookfield BRP Holdings (Canada) Inc., a wholly-owned subsidiary of Brookfield Renewable, issued $350 million, $260 million and $150 million, respectively, of perpetual subordinated notes at a fixed rate of 4.625%, 4.875% and 7.250%, respectively.

These notes are fully and unconditionally guaranteed, on a subordinated basis by each