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Brookfield Renewable Partners L.P.
Type
Public
Traded as

TSX: BEP.UN

NYSE: BEP
Industry Electricity generation
Genre Independent Power Producer
Headquarters Toronto, Ontario, Canada
Key people
Sachin Shah, CEO; Richard Legault, Chairman
Total assets US$28b
Parent Brookfield Asset Management
Subsidiaries Great Lakes Power and Isagen S.A., among others
Website brookfield.com
bep.brookfield.com
Footnotes / references

TSX: BEP.UN

Brookfield Renewable Partners L.P. is a publicly traded limited partnership that owns and operates renewable power assets with corporate headquarters in Toronto. It is 61% owned by Brookfield Asset Management.

As of the end of 2016, Brookfield Renewable owned over 250 power facilities with more than 10,000 MW of installed capacity.

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.

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. The company changed its name to Brookfield Renewable Partners in 2016.

Brookfield Renewable Power Fund originated as the Great Lakes Hydro Income Fund before changing its name in 2009. 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. Initially, Great Lakes Hydro's assets were limited to three hydroelectric facilities in Western Quebec with a combined capacity of 238MW. By the end of 2008, the fund owned and operated 27 hydroelectric facilities and one wind farm with a cumulative capacity of 1,021MW. These assets were spread across four jurisdictions: Ontario, Quebec, British Columbia, and New England.

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.

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. 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 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.

In 2012, the company and its investment partners bought four hydroelectric power plants in the southeastern U.S. from Alcoa for $600 million.

In 2014, the company and its investment partners acquired a portfolio of wind power assets in Ireland, establishing its presence in Europe for a total enterprise value of approximately $960 million.

In 2016, the company and its investment partners acquired a majority stake in Colombian power company Isagen, which operates Colombia’s largest hydropower plant, for approximately C$2.8 billion. The company subsequently increased its interest to almost 100%.

On May 10, 2016 Brookfield Renewable Energy Partners L.P. changed its name to Brookfield Renewable Partners L.P. The stock symbol and CUSIP will remain the same.

In March 2017, the company announced it would acquire a controlling interest in TerraForm Power and 100% of TerraForm Global, together representing a 3,600 MW global renewable power portfolio.

News

Brookfield Renewable Partners L.P. 2.74% (utilities)

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2016-06-13 Reiterated Rating BMO Capital Markets Outperform
2016-06-13 Reiterated Rating TD Securities Buy $33.00
2016-06-13 Reiterated Rating RBC Capital Sector Perform $39.00
2016-06-13 Reiterated Rating Royal Bank Of Canada Sector Perform $39.00
2016-05-06 Reiterated Rating TD Securities Buy $30.00 to $33.00
2016-05-05 Reiterated Rating BMO Capital Markets Buy
2016-05-03 Initiated Coverage Guggenheim Neutral
2016-02-08 Boost Price Target National Bank Financial $26.00 to $28.00
2016-02-06 Reiterated Rating RBC Capital Sector Perform $39.00
2016-02-05 Boost Price Target Barclays Equal Weight $27.00 to $35.00
2016-02-05 Boost Price Target Barclays PLC Equal Weight $27.00 to $35.00
2016-01-22 Lower Price Target Barclays Equal Weight $27.00 to $24.00
2016-01-14 Lower Price Target TD Securities $34.00 to $30.00
2016-01-14 Upgrade Desjardins Hold to Buy
2016-01-14 Reiterated Rating RBC Capital Sector Perform $39.00
2016-01-04 Lower Price Target Barclays Equal Weight $28.00 to $27.00
2015-12-03 Reiterated Rating Credit Suisse Neutral $32.00 to $38.00
2015-12-03 Reiterated Rating Credit Suisse Group AG Neutral $32.00 to $38.00
2015-11-05 Reiterated Rating RBC Capital Sector Perform $41.00 to $39.00
2015-10-14 Reiterated Rating National Bank Financial Sector Perform Under Weight
2015-10-12 Reiterated Rating RBC Capital Sector Perform $41.00
2015-10-12 Downgrade Barclays Overweight to Equal Weight $39.00 to $30.00
2015-07-15 Upgrade Credit Suisse Underperform to Neutral
2015-06-06 Reiterated Rating CIBC Sector Outperform
2015-05-13 Upgrade FirstEnergy Corp. Market Perform to Outperform
2015-05-13 Upgrade FirstEnergy Capital Market Perform to Outperform $37.00
2015-05-12 Downgrade Credit Suisse Neutral to Underperform $38.00
2015-05-07 Boost Price Target Barclays Overweight $36.00 to $39.00
2015-01-07 Downgrade Desjardins Buy to Hold
2015-01-05 Initiated Coverage Barclays Overweight $36.00
2014-09-22 Downgrade FirstEnergy Capital Outperform to Market Perform
2014-09-18 Initiated Coverage Macquarie Outperform $36.00
2014-06-16 Upgrade FirstEnergy Capital Outperform
2014-06-11 Initiated Coverage National Bank Financial Sector Perform
2014-05-05 Boost Price Target BMO Capital Markets $30.00 to $33.00
2014-04-14 Downgrade Credit Suisse Outperform to Neutral
2014-03-24 Downgrade RBC Capital Sector Perform
2014-03-11 Downgrade Canaccord Genuity Buy to Hold
2014-02-19 Downgrade FirstEnergy Capital Outperform to Market Perform
2016-06-13 Reiterated Rating BMO Capital Markets Outperform
2016-06-13 Reiterated Rating TD Securities Buy $33.00
2016-06-13 Reiterated Rating RBC Capital Sector Perform $39.00
2016-06-13 Reiterated Rating Royal Bank Of Canada Sector Perform $39.00
2016-05-06 Reiterated Rating TD Securities Buy $30.00 to $33.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks

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