Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 517

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 19
Chunk 517
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 Partners L. P.) and Partners of Brookfield Renewable Partners L. P.

Opinion on Internal Control Over Financial Reporting

We have audited Brookfield Renewable Partners L. P.’s (“ Brookfield Renewable” or the “ Partnership") internal control over financial reporting as of December 31, 2024, based on criteria established in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework) (the “ COSO criteria”). In our opinion, the Partnership maintained, in all material respects, effective internal control over financial reporting as of December 31, 2024, based on the COSO criteria.

As indicated in the accompanying Management’s Report on Internal Control over Financial Reporting, management’s assessment of and conclusion on the effectiveness of internal control over financial reporting did not include the internal controls of the 524 MW of operating and 2.75 GW development pipeline of wind-focused commercial and industrial renewable platform in India, 103 MW of operating and under construction assets and a 2.2 GW development pipeline of distributed generation renewable platform in South Korea and Neoen, a global renewable energy developer headquartered in France, with a 8 GW of operating and under construction renewable power and energy storage assets, as well as a 20 GW development pipeline. The aforementioned acquisitions are included in the 2024 consolidated financial statements of the Partnership and constituted approximately 14% and 18% of total and net assets, respectively on a combined basis as of December 31, 2024 and 1% of revenues for the year then ended. Our audit of internal control over financial reporting of the Partnership also did not include an evaluation of the internal control over financial reporting of the aforementioned acquisitions.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (“ PCAOB”), the 2024 consolidated financial statements of the Partnership and our report dated February 28, 2025 expressed an unqualified opinion thereon.

Basis for Opinion

Brookfield Renewable’s management is responsible for maintaining effective internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting included in the accompanying Management’s Report on Internal Control over Financial Reporting. Our responsibility is to express an opinion on the Partnership’s internal control over financial reporting based on our audit. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to the Partnership in accordance with the U. S. federal securities laws and the applicable rules