Brookfield Renewable Partners ULC, a subsidiary of Brookfield Renewable, has agreed to issue $400 million aggregate principal amount of medium-term notes, which will be fully and unconditionally guaranteed.

The Notes will represent Brookfield Renewable’s twelfth green labelled corporate securities issuance in North America and the first issuance under Brookfield Renewable’s 2024 Green Financing Framework. Brookfield Renewable intends to use the net proceeds from the sale of the notes to fund eligible investments (as defined in the Green Financing Framework), including to repay indebtedness incurred in respect thereof. The Green Financing Framework is available on Brookfield Renewable’s website and described in the prospectus supplement in respect of the offering.

The notes are being offered through a syndicate of agents led by CIBC Capital Markets, RBC Capital Markets, TD Securities, BMO Capital Markets, Scotiabank and National Bank Financial Markets, and including Desjardins, BNP Paribas, Mizuho Securities, MUFG, SMBC Nikko and iA Private Wealth Inc.

The medium-term notes, Series 17, due January 10, 2054, which will bear interest at a rate of 5.318% per annum, payable semi-annually.

Brookfield Renewable operates one of the world’s largest publicly traded platforms for renewable power and decarbonization solutions. The portfolio consists of hydroelectric, wind, utility-scale solar and storage facilities in North America, South America, Europe and Asia, and totals approximately 31,800 megawatts of installed capacity and a development pipeline of approximately 143,400 megawatts of renewable power assets, 14 million metric tonnes per annum of carbon capture and storage, 2 million tons of recycled material and 4 million metric million British thermal units of renewable natural gas production annually. Investors can access its portfolio either through Brookfield Renewable Partners L.P., a Bermuda-based limited partnership, or Brookfield Renewable Corporation, a Canadian corporation.

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Brookfield Renewable is the flagship listed renewable power company of Brookfield Asset Management, a leading global alternative asset manager with approximately $850 billion of assets under management.

Featured image credit: Getty Images


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