Company: BEP
Filing Date: 2025-11-12
Form Type: 424B5
Source: 0001193125-25-275856
Chunk: 23

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-11-12
Form: 424B5
Chunk 23
---
 up to the number of LP Units represented by 
 the Underwriters’ Over-Allotment Option.                                                             |

| • |     | “Naked” short sales are sales of LP Units in an amount in excess of the number of LP Units 
 represented by the Underwriters’ Over-Allotment Option.                                    |

| • |     | Covering transactions involve purchases of LP Units either pursuant to the Underwriters’ Over-Allotment   
 Option or in the open market after the distribution has been completed in order to cover short positions. |

| • |     | To close a naked short position, the Underwriters must purchase LP Units in the open market after the    
 distribution has been completed. A naked short position is more likely to be created if the Underwriters |

S-12

| are concerned that there may be downward pressure on the price of the LP Units in the open market after pricing that could adversely affect investors who purchase in the Offering. |

| • |     | To close a covered short position, the Underwriters must purchase LP Units in the open market after the                                                                                                                                                 
 distribution has been completed or must exercise the Over-Allotment Option. In determining the source of LP Units to close the covered short position, the Underwriters will consider, among other things, the price of LP Units available for purchase 
 in the open market as compared to the price at which they may purchase LP Units through the Over-Allotment Option.                                                                                                                                      |

| • |     | Stabilizing transactions involve bids to purchase LP Units so long as the stabilizing bids do not exceed a 
 specified maximum.                                                                                         |

The Underwriters also may impose a penalty bid. Penalty bids permit the Underwriters to reclaim a selling concession from a syndicate member when the Underwriters, in covering short positions or making stabilizing purchases, repurchase LP Units originally sold by that syndicate member. Purchases to cover short positions and stabilizing purchases, as well as other purchases by the Underwriters for their own accounts, may have the effect of preventing or retarding a decline in the market price of the LP Units. They may also cause the price of the LP Units to be higher than the price that would otherwise exist in the open market in the absence of these transactions. The Underwriters may conduct these transactions on the NYSE, TSX, in the over-the-countermarket or otherwise. If the Underwriters commence any of these transactions, they may discontinue them at any time. Conflicts of Interest Some of the Under