BROOKFIELD RENEWABLE PARTNERS ANNOUNCES US$650 MILLION EQUITY RAISE

Executive Summary

• Brookfield Renewable Partners announced an equity offering of LP Units for gross proceeds of US $450 million, plus a concurrent private placement of US $200 million, totaling approximately US $650 million.
• The net proceeds will fund the recently completed acquisition of an increased stake in Isagen, future investment opportunities, and general corporate purposes.
• An over‑allotment option allows underwriters to purchase up to an additional 15% of the units, potentially increasing total gross proceeds to about US $718 million.

Key Details

• Offering Size: US $450 million gross proceeds from a bought‑deal equity offering of LP Units.
• Price per Unit: US $29.90 (net of underwriting commissions).
• Underwriters: Syndicate co‑led by RBC Capital Markets, Scotiabank, TD Securities, BMO Capital Markets and CIBC Capital Markets.
• Concurrent Private Placement: One or more subsidiaries of Brookfield Corporation will purchase US $200 million of LP Units at the same price.
• Total Gross Proceeds (including private placement): Approximately US $650 million.
• Over‑Allotment Option: Up to 15% additional units may be purchased within 30 days after closing, potentially raising total gross proceeds to ~US $718 million.
• Use of Proceeds:
• Fund the recently completed acquisition increasing Brookfield Renewable’s stake in Isagen.
• Pursue future investment opportunities across renewable power, baseload generation, and grid‑stabilizing technologies.
• General corporate purposes.
• Closing Date: Expected on or about November 14, 2025.
• Regulatory Filings: Registration Statement on Form F‑3 filed with the SEC; prospectus supplement to be filed with Canadian securities regulators and available via SEDAR+.

Notable Quotes

“In addition to the continued growth of our wind and solar business, we continue to see accretive opportunities to invest in essential baseload power generation and grid‑stabilizing technologies… Today, we see opportunities to accelerate our investment both into baseload power and across our platform, which we expect to drive growth for our business over the long term,” – Connor Teskey, CEO, Brookfield Renewable.