Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 568

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 19
Chunk 568
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 contracted under power purchase agreements as at December 31, 2024:

                    North America      Colombia      Brazil      Europe  
 ─────────────────────────────────────────────────────────────────────────
  1 - 5 years                  81            66          86          98  
  6 - 10 years                 61            32          71          93  
  Thereafter                   33             4          36          45  

The following table summarizes average power prices from long-term power purchase agreements that are linked specifically to the related power generating assets:

  Per MWh (1)        North America              Colombia                   Brazil               Europe  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────
  1 - 10 years       $                  63      COP           310,000      R$          310      €       
  11 - 20 years      67                                       398,000      393                  93      

(1) Assumes nominal prices based on weighted-average generation.

The following table summarizes the estimates of future electricity prices:

  Per MWh (1)        North America              Colombia                   Brazil               Europe  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────
  1 - 10 years       $                  86      COP           494,000      R$          309      €       
  11 - 20 years      96                                       684,000      430                  86      

(1) Assumes nominal prices based on weighted-average generation.

Brookfield Renewable’s long-term view is anchored to the cost of securing new energy from renewable sources to meet future demand growth between 2028 and 2035. A further one year change would increase or decrease the fair value of property, plant and equipment by approximately$ 131(2023: $ 153

  F - 64  

Had Brookfield Renewable’s revalued property, plant and equipment been measured on a historical cost basis, the carrying amounts, net of accumulated depreciation would have been as follows at December 31:

  (MILLIONS)         2024                  2023              
 ─────────────────────────────────────────────────────────────
  Hydroelectric      $          9,413      $         10,582  
  Wind                         16,168                14,071  
  Solar                        16,099                12,508  
  Other (1)                     1,687