- Business
- Brookfield Renewable Partners L.P. (BRENF) owns and operates a globally diversified portfolio of renewable power and sustainable solutions assets, including hydroelectric, wind, utility-scale solar, distributed generation, storage facilities and other renewable technologies; the company generates power primarily through long-term, inflation-linked contracts with public power authorities, utilities and industrial customers. Brookfield Renewable Partners maintains approximately 33,000 megawatts of installed capacity across North America, South America, Europe, Asia and other regions, with significant operations in Canada, the United States, Brazil, Colombia, India and China. Headquartered in Toronto, Ontario, Canada, and founded in 2011 as a spin-off from Brookfield Asset Management—which holds a 60% ownership stake—the partnership leverages over 100 years of Brookfield's expertise in hydroelectric power dating back to the 1890s in Brazil. In recent developments, Brookfield Renewable Partners completes a US$650 million equity raise in November 2025 to support growth; agrees in December 2024 to acquire a 510 megawatt solar portfolio from SunEnergy1 in North Carolina and Virginia under a programmatic agreement with exclusivity on additional projects and potential access to a 14 gigawatt development pipeline; invests up to US$1 billion in July 2025 for a 15% incremental stake in Colombian hydro platform Isagen; signs framework agreements including 670 megawatts of hydro capacity contracts with Google; and finalizes the 2023 acquisition of a 51% interest in Westinghouse Electric Company alongside Cameco for nuclear technology expansion. The company targets 10% plus funds from operations per unit growth in 2025 through accretive investments in critical technologies like hydro, nuclear and storage to meet rising data center and grid reliability demands.