Brookfield Renewable Partners

Brookfield Renewable Partners L.P. is a publicly traded limited partnership that owns and operates renewable power assets, with corporate headquarters in Toronto, Ontario, Canada. It is 60% owned by Brookfield Asset Management.[3]

As of the end of 2017, Brookfield Renewable owned over 200 hydroelectric plants, 100 wind farms, over 550 solar facilities, and four storage facilities, with approximately 16,400 MW of installed capacity.[4]

Brookfield Asset Management claims to have "more than 100 years of experience as an owner, operator and developer of hydroelectric power facilities." It was founded in the 1890s in Brazil, where the company installed the first electrical lights and tramways in São Paulo and Rio de Janeiro.[5]

Corporate structure

The company was established as Brookfield Renewable Energy Partners in 2011, when Brookfield Asset Management combined the hydroelectric stations and wind farms of the Brookfield Renewable Power Fund with those of Brookfield Renewable Power Inc.

Brookfield Renewable Power fund

Brookfield Renewable Power Fund originated as the Great Lakes Hydro Income Fund before changing its name in 2009.[8] Brookfield used its majority stake in Great Lakes Power as its primary vehicle to advance its interests in the renewable energy sector. When Great Lakes Hydro Income Fund completed its initial public offering on the Toronto Stock Exchange in 1999, Brookfield Asset Management (then known as EdperBrascan) owned 61% of outstanding units through its various subsidiaries.[9][10] Initially, Great Lakes Hydro's assets were limited to three hydroelectric facilities in Western Quebec with a combined capacity of 238MW.[10] By the end of 2008, the fund owned and operated 27 hydroelectric facilities and one wind farm with a cumulative capacity of 1,021MW.[11] These assets were spread across four jurisdictions: Ontario, Quebec, British Columbia, and New England.

Brookfield Renewable Power Inc.

Brookfield Renewable Power Inc. was a wholly owned subsidiary of Brookfield Asset Management with a 50.01% share in Brookfield Renewable Power Fund. It was the subsidiary in which Brookfield Asset Management held all of its renewable energy assets, whereas the Brookfield Renewable Power Fund's scope was limited to the 1,652MW of generation capacity located in Ontario, Quebec, British Columbia, and New England.[12]

Brookfield Renewable Energy Partners, LP

On September 13, 2011, Brookfield Asset Management and Brookfield Renewable Power Fund announced they intended to merge the Fund and the power-generating assets owned by Brookfield Renewable Power Inc. to form Brookfield Renewable Energy Partners, LP.[13][14] When the transaction closed, Brookfield Asset Management owned 73% of the combined entity, which trades on the Toronto Stock Exchange under the symbol BEP-UN [15] and on the New York Stock Exchange as BEP. The new entity is the primary vehicle through which Brookfield acquires and operates renewable energy assets, with initial assets, and development projects in Canada, the US, and Brazil. The transaction closed on November 30, 2011.[16]

In 2012, it opened the 165.6MW Comber wind farm in Essex County, Ontario.[17] The same year, the company and its investment partners bought four hydroelectric power plants in the southeastern U.S. from

type	Public
traded as	nyse: BEP nyse: BEPC Russell 1000 component (BEPC) tsx: BEP.UN
founded	2011
location city	Toronto, Ontario
location country	Canada
key people	Connor Teskey (CEO) Richard Legault (chairman)
industry	Renewable power
services	Independent Power Producer
assets	US$126 billion (2024)‡R1R‡
parent	Brookfield Asset Management
subsid	Great Lakes Power and Isagen S.A., among others
website	bep.brookfield.com
footnotes	‡R2R‡