Company: BEP
Filing Date: 2025-11-12
Form Type: 424B5
Source: 0001193125-25-275856
Chunk: 57

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-11-12
Form: 424B5
Chunk 57
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in such transaction. Certain of these rules are unclear, and the scope of reportable transactions can change retroactively. Therefore, it is possible that the rules may apply to transactions other than significant loss transactions.

Moreover, if the Partnership were to participate in a reportable transaction with a significant purpose to avoid or evade tax, or in any
listed transaction, an LP Unitholder might be subject to significant accuracy-related penalties with a broad scope, for those persons otherwise entitled to deduct interest on federal tax deficiencies,
non-deductibility of interest on any resulting tax liability, and in the case of a listed transaction, an extended statute of limitations. The Partnership does not intend to participate in any reportable
transaction with a significant purpose to avoid or evade tax, nor does the Partnership intend to participate in any listed transactions. However, no assurance can be provided that the IRS will not assert that the Partnership has participated in such
a transaction.

Each LP Unitholder should consult its own tax adviser concerning any possible disclosure obligation under the regulations
governing tax shelters with respect to the disposition of LP Units.

Taxable Year

The Partnership currently uses the calendar year as its taxable year for U.S. federal income tax purposes. Under certain circumstances which
the Partnership currently believes are unlikely to apply, a taxable year other than the calendar year may be required for such purposes.

S-31

Withholding and Backup Withholding

For each calendar year, the Partnership may be required to report to each LP Unitholder and to the IRS the amount of distributions that the
Partnership pays, and the amount of tax (if any) that the Partnership withholds on these distributions. The proper application to the Partnership of the rules for withholding under Sections 1441 through 1446 of the Code (applicable to certain
dividends, interest, and amounts treated as effectively connected with a U.S. trade or business, among other items) is unclear. Because the documentation the Partnership receives may not properly reflect the identities of LP Unitholders at any
particular time (in light of possible sales of LP Units), the Partnership may over-withhold or under-withhold with respect to a particular LP Unitholder. For example, the Partnership may impose withholding, remit such amount to the IRS and thus
reduce the amount of a distribution paid to a Non-U.S. Holder. It may be the case, however, that the corresponding amount of the Partnership’s income was not properly allocable to such holder, and the
appropriate