Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 248

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 4
Chunk 248
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P to repurchase up to 14,255,578 of its issued and outstanding LP units for a one-year period. Also in December 2024, the TSX accepted a notice of BEPC’s intention to renew its normal course issuer bid for the BEPC exchangeable shares, which permits BEPC to repurchase up to 8,982,042 of its issued and outstanding BEPC exchangeable shares for a one-year period.

Capital Expenditures

Our principal capital expenditures relate to the construction and maintenance of our renewable power generation fleet. The table below summarizes the amounts invested in capital expenditures for the periods presented.

  US$ Millions      For the year ended December 31,                        
                                               2024       2023       2022  
 ───────────────────────────────────────────────────────────────────────────
                                              3,733      2,809      2,190  

These capital expenditures have been financed with working capital generated and retained within our business, supplemented by non-recourse debt sized to investment grade coverage and covenant thresholds. There were no material divestitures within the periods presented above and there are no material divestitures that are currently the subject of a definitive agreement.

4. B BUSINESS OVERVIEW

Our Operations

We invest in renewable power and sustainable solutions assets directly, as well as with institutional partners, joint venture partners and through other arrangements. Across our business, we leverage our extensive operating experience to maintain and enhance the value of assets, grow cash flows on an annual basis and cultivate positive relations with local stakeholders.

Our global diversified portfolio of power assets has approximately 46,200 MW of operating capacity, annualized LTA generation of approximately 121,200 GWh and a development pipeline of approximately 200,000 MW, with renewables making up over 98% of our operating capacity.

The table below outlines our renewable power portfolio as at December 31, 2024:

                                           River        Facilities                 Capacity                                       
                                           Systems                                     (MW)                                       
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Hydroelectric                                                                                                                   
  North America                                                                                                                   
  United States (2)                        29                  139                                2,905       11,882       2,559  
  Canada                                   19                   33                                1,368        5,193       1,261  
                                           48                  172                                4,273       17,075       3,820  
  Colombia (