Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 544

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 19
Chunk 544
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 subtotals in the statement of profit or loss, requiring disclosure about management-defined performance measures, and adding new principles for aggregation and disaggregation of information. 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.

2. PRINCIPAL SUBSIDIARIES

The following table lists the subsidiaries of Brookfield Renewable which significantly affect its financial position and results of operations as at December 31, 2024:

                                                        Jurisdiction of Incorporation or Organization      Percentage of voting securities owned or controlled (%)  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  BP Brazil US Subco LLC                                Delaware                                                                                               100  
  Brookfield BRP Canada Corp.                           Ontario                                                                                                100  
  Brookfield BRP Europe Holdings (Bermuda) Limited      Bermuda                                                                                                100  
  Brookfield Power US Holding America Co.               Delaware                                                                                               100  
  Isagen S. A. E. S. P. (1)                             Colombia                                                                                              99.7  
  TerraForm Power Parent, LLC (1)                       New York                                                                                               100  
  Neoen S. A. (1)(2)                                    France                                                                                                  53  

(1) Voting control held, in whole or in part, through voting agreements with Brookfield and co-investment.

(2) As at December 31, 2024. As of the date of these annual consolidated financial statements, the Partnership owns or controls approximately 85

3. ACQUISITIONS

India Wind Portfolio

On July 5, 2024, Brookfield Renewable, together with its institutional partners, completed the acquisition of a 74