Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 245

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 4
Chunk 245
---
 portfolio of four operational offshore wind farms located in the U. K, with approximately 3.5 GW of operating capacity, for approximately $2.2 billion (approximately $565 million net to Brookfield Renewable). Brookfield Renewable holds an approximately 3% interest.

• In February 2025, Brookfield Renewable, together with institutional partners, agreed to acquire a diversified operating and development platform in the U. S. with 3.9 GW of operating and under construction renewable power and storage assets and an over 30 GW development pipeline for equity consideration of approximately $950 million (expected $238 million net to Brookfield Renewable). The terms of the transaction imply an enterprise value for the portfolio of $1.735 billion. The closing of this transaction is expected to occur in the first half of 2025 and is subject to customary closing conditions.

• In addition to the above, during the course of 2024, Brookfield Renewable, together with institutional partners, acquired or agreed to acquire, an aggregate 755 MW of wind, utility scale solar, and distributed energy projects across its portfolio, of which 149 MW were operating and 606 MW were in the development phase. These projects were acquired for $600 million ($125 million net to Brookfield Renewable) and are located in our core geographies. Brookfield Renewable will typically hold a 20% - 25% interest in each project.

Asset Sales

We signed or closed the following dispositions (all figures approximate):

• In April 2024, Brookfield Renewable, together with institutional partners, completed the sale of a 60 MW battery storage asset in the U. S. for proceeds of approximately $87 million ($25 million net to Brookfield Renewable).

• In May 2024, Brookfield Renewable, together with institutional partners, completed the sale of a 30 MW hydroelectric asset in the U. S. for proceeds of approximately $67 million ($15 million net to Brookfield Renewable).

• In May 2024, Brookfield Renewable, together with institutional partners, completed the sale of a 85 MW portfolio of biomass facilities in Brazil for proceeds of approximately $48 million ($21 million net to Brookfield Renewable).

• In September, 2024, Brookfield Renewable, together with institutional partners, completed the sale of its 50% interest in a 67 MW portfolio of wind facilities in the U. K. for proceeds of approximately $82 million ($36 million net to Brookfield Renewable).

• In September 2024, Brookfield Renewable,