Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 567

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 19
Chunk 567
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 plant and equipment is calculated as described in Notes 1(g) - and 1(r)(i) - Critical estimates - Property, plant and equipment. Judgment is involved in determining the appropriate estimates and assumptions in the valuation of Brookfield Renewable’s property, plant and equipment. See Note 1(s)(iii) - Critical judgments in applying accounting policies - Property, plant and equipment. Brookfield Renewable has classified its property, plant and equipment under level 3 of the fair value hierarchy.

Discount rates, terminal capitalization rates and terminal years used in the valuation methodology are provided in the following table:

                                        North America                       Colombia                Brazil                Europe       
                                        2024               2023                 2024      2023        2024      2023      2024         
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Discount rate (1)                                                                                                                    
  Contracted                            5.1% - 5.8%        5.1% - 5.7%           8.5       8.7         9.6       8.4      4.9% - 6.6%  
  Uncontracted                          6.3% - 7.2%        6.3% - 7.0%           9.8      10.0        10.9       9.7      4.9% - 6.6%  
  Terminal capitalization rate (2)      4.3% - 5.1%        4.4% - 5.0%           7.3       8.0         N/A       N/A      N/A          
  Terminal year (3)                     2048               2046                 2044      2043        2052      2053      2047         

(1) Discount rates are not adjusted for asset specific risks.

(2) The terminal capitalization rate applies only to hydroelectric assets in the United States, Canada and Colombia.

(3) For hydroelectric assets, terminal year refers to the valuation date of the terminal value.

The following table summarizes the impact of a change in discount rates, electricity prices and terminal capitalization rates on the fair value of property, plant and equipment:

  (MILLIONS)                                           North America                    Colombia      Brazil      Europe         Total                
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