Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 582

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 19
Chunk 582
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 Renewable in the United States. See Note 24 - Other long-term assets, for additional details regarding Brookfield Renewable’s contract balances. See Note 29 - Related party transactions, for additional details regarding Brookfield Renewable’s revenue agreements with Brookfield.

28. COMMITMENTS, CONTINGENCIES AND GUARANTEES

Commitments

In the course of its operations, Brookfield Renewable and its subsidiaries have entered into agreements for the use of water, land and dams. Payment under those agreements varies with the amount of power generated. The various agreements can be renewed and are extendable up to 2089.

In the normal course of business, Brookfield Renewable will enter into capital expenditure commitments which primarily relate to contracted project costs for various growth initiatives. As at December 31, 2024, Brookfield Renewable had $ 2,923 2,783 2,221 2,200 696 583 6 1

The following table lists the assets and portfolio of assets that Brookfield Renewable, together with institutional partners have agreed to acquire which are subject to customary closing conditions as at December 31, 2024:

  Region         Technology                        Capacity                Consideration                       Brookfield Renewable      Expected Close  
                                                                                                                  Economic Interest                      
  China          Wind                              50 MW development       CNY 58 million ($ 8 million)                         20%      H1 2025         
  China          Wind                              201 MW development      CNY 599 million ($ 82 million)                       20%      H1 2025         
  Brazil         Distributed energy & storage      812 MW development      R$ 322 million ($ 52 million)                        20%      2025 - 2026     
                                                   30 MW operating                                                                                       
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Australia      Various                           2 GW development        A$ 268 million ($ 166 million)                       15%      2025            

  F - 85  

An integral part of Brookfield Renewable’s strategy is to participate with institutional partners in Brookfield-sponsored private equity funds that target acquisitions that suit Brookfield Renewable’s profile. In the normal course of business, Brookfield Renewable has made commitments to Brookfield-sponsored private equity funds to participate in these target acquisitions in the future, if and when identified. From time to time, in order to facilitate investment activities in a timely and efficient manner, Brookfield Renewable will fund deposits or incur other costs and expenses