From GlobeNewswire: 2025-05-02 06:55:00

Brookfield Renewable Partners reported financial results for the first quarter of 2025, with a net loss of $197 million attributed to Unitholders and Funds From Operations (FFO) of $315 million, or $0.48 per unit, up 15% from the previous year. The company highlighted growth activities and strong balance sheet, ending the quarter with $4.5 billion of liquidity.

Key highlights include strengthening the balance sheet with notes issuance, repurchasing units, and executing asset recycling by selling $900 million of assets. The company secured contracts to deliver an additional 4,500 gigawatt hours of generation and expects to add 8,000 megawatts of new renewable capacity this year. Brookfield Renewable also committed $4.6 billion across multiple investments.

In volatile times, Brookfield Renewable remains resilient with a global platform of almost 45,000 megawatts of operating capacity, generating high-quality, resilient, and inflation-linked cash flows. The company’s development projects are protected against changes in input costs, with fixed price contracts limiting exposure to price increases and clauses to adjust prices in Power Purchase Agreements (PPAs).

The company is well-equipped to navigate tariffs and supply chain challenges, with a diversified global supply chain supporting U.S. and worldwide development. Brookfield Renewable has minimal exposure to tariffs in the U.S. and expects positive impacts on supply chain availability and input costs globally, benefiting from increasing local availability and lower pricing.

Renewables remain the most viable and lowest-cost power source in most markets, with Brookfield Renewable expecting minimal impact from higher input costs. Despite market uncertainty, the company is well-positioned with derisked, growing cash flows, a strong balance sheet, and access to capital to extend its leadership position in the current environment.

During the quarter, Brookfield Renewable reached an agreement to acquire National Grid Renewables, adding significant operating and development assets in the U.S. The company also completed the privatization of Neoen, demonstrating its ability to execute large-scale acquisitions and capitalize on opportunities in the market. Private investors continue to show robust demand for derisked operating assets and platforms with growth opportunities.

Brookfield Renewable Corporation, the parent company of Brookfield Renewable Partners, reported FFO of $139 million for the first quarter of 2025, compared to $219 million in the previous year. Net income attributable to the partnership was $5 million, reflecting non-cash items and depreciation. The company declared a quarterly dividend of $0.373 per class A Share, payable on June 30, 2025.

Despite challenges, Brookfield Renewable remains focused on growth opportunities and maintaining strong financial performance. The company’s economic equivalence between Shares and LP units offers investors opportunities for value creation and sustainable dividend growth. Investors are encouraged to review continuous disclosure filings for a comprehensive understanding of Brookfield Renewable’s performance and prospects.



Read more at GlobeNewswire:: Brookfield Renewable Announces Strong First Quarter