Brookfield Renewable arranges $650M (U.S.) financing

Mr. Connor Teskey reports BROOKFIELD RENEWABLE PARTNERS ANNOUNCES US$650 MILLION EQUITY RAISE Brookfield Renewable Partners LP has arranged an equity offering of its limited partnership units for gross proceeds of $450-million (U.S.) on a bought deal basis by a syndicate of underwriters co-led by RBC Capital Markets LLC, Scotiabank, TD Securities (USA) LLC, BMO Capital Markets Corp. and CIBC Capital Markets Inc. The LP units are offered at a price of $29.90 (U.S.) per LP unit. Concurrently, one or more subsidiaries of Brookfield Corp. will purchase $200-million (U.S.) of LP units at the offering price (net of underwriting commissions). "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, including hydro, nuclear and energy storage. Recently, we increased our stake in a leading South American hydro business, signed a three-gigawatt hydro framework agreement with Google, and entered into a transformational partnership with the U.S. government that should accelerate deployment of Westinghouse's leading reactor technology in the U.S. and abroad. 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," said Connor Teskey, chief executive officer of Brookfield Renewable. The aggregate gross proceeds of the offering and the concurrent private placement will be approximately $650-million (U.S.). Brookfield Renewable intends to use the net proceeds of the offering, together with the proceeds of the concurrent private placement, to finance the recently completed acquisition of Brookfield Renewable's increased stake in Isagen and future investment opportunities and for general corporate purposes. The offering and the concurrent private placement are expected to close on or about Nov. 14, 2025. In addition, Brookfield Renewable has granted the underwriters an overallotment option, exercisable in whole or in part for a period of 30 days following closing of the offering, to purchase up to an additional 15 per cent of the LP units to be sold in the offering at the offering price. If the overallotment option is exercised in full, the aggregate gross proceeds of the offering and the concurrent private placement would increase to approximately $718-million (U.S.). Offer documents Brookfield Renewable has filed a registration statement on Form F-3 (including a prospectus) with the U.S. Securities and Exchange Commission (SEC). Before you invest, you should read the prospectus in that registration statement, the prospectus supplement thereto in respect of the offering and other documents that Brookfield Renewable has filed with the SEC for more complete information about Brookfield Renewable and the offering. Brookfield Renewable will also be filing a prospectus supplement relating to the offering with securities regulatory authorities in Canada. You may get any of these documents free of charge by visiting EDGAR on the SEC website or on SEDAR+. Also, Brookfield Renewable, any underwriter or any dealer participating in the offering will arrange to send you the prospectus or you may request them in the United States from RBC Capital Markets, 200 Vesey St., eighth floor, New York, N.Y., 10281-8098, attention: equity syndicate (phone: 877-822-4089; e-mail: [email protected]); or from Scotia Capital (USA) Inc., 250 Vesey St., 24th floor, New York, N.Y., 10281, attention: equity capital markets, or by telephone at 212-255-6854 or by e-mail at [email protected]; or from TD Securities (USA), attention: equity capital markets, 1 Vanderbilt Ave., New York, N.Y., 10017, by telephone at 855-495-9846 or by e-mail at [email protected]; or from BMO Nesbitt Burns Inc. at BMO Capital Markets, attention: equity syndicate department, 151 W 42nd St., 32nd floor, New York, N.Y., 10036, or by telephone at 1-800-414-3627 or by e-mail at [email protected]; or from CIBC Capital Markets, 161 Bay St., fifth floor, Toronto, Ont. M5J 2S8, by telephone at 1-416-956-6378 or by e-mail at [email protected]; or in Canada, an electronic or paper copy of the prospectus supplement, the corresponding base shelf prospectus and any amendment to the documents may be obtained, without charge, from RBC Dominion Securities Inc., 180 Wellington St. W, eighth floor, Toronto, Ont., M5J 0C2, attention: distribution centre (phone: 416-842-5349; e-mail: [email protected]); or from Scotiabank by mail at 40 Temperance St., sixth floor, Toronto, Ont., M5H 0B4, attention: equity capital markets, by e-mail at [email protected] or by telephone at 416-863-7704; or from TD Securities at 1625 Tech Ave., Mississauga, Ont., L4W 5P5, attention: Symcor, NPM, or by telephone at 289-360-2009 or by e-mail at [email protected]; or from BMO Nesbitt Burns at BMO Capital Markets, attention: Brampton Distribution Centre care of The Data Group of Companies, 9195 Torbram Rd., Brampton, Ont., L6S 6H2, or by telephone at 1-905-791-3151 (extension: 4312) or by email at [email protected]; or from CIBC Capital Markets, 161 Bay St., fifth floor, Toronto, Ont., M5J 2S8, by telephone at 1-416-956-6378 or by e-mail at [email protected] by providing the contact with an e-mail address or address, as applicable. About Brookfield Renewable Partners LP Brookfield Renewable operates one of the world's largest publicly traded platforms for renewable power and sustainable solutions. Its renewable power portfolio consists of hydroelectric, wind, utility-scale solar and storage facilities and its sustainable solutions assets include the company's investment in a leading global nuclear services business and a portfolio of investments in carbon capture and storage capacity, agricultural renewable natural gas, materials recycling, and e-fuels manufacturing capacity, among others. We seek Safe Harbor.