Brookfield Renewable Issues C$450M Green Bonds

Brookfield Renewable revealed its newest green bond issue, affirming its leadership in green finance. The company will offer C$450 million of Series 19 Green Notes, maturing on October 12, 2035, with an annual interest rate of 4.542%. This is Brookfield Renewable's sixteenth North American green-labelled corporate securities issuance, further consolidating its ESG commitment.

The green bond offering will be made by Brookfield Renewable Partners ULC, a subsidiary of Brookfield Renewable, and guaranteed in full by Brookfield Renewable and certain holding subsidiaries. Proceeds from this offering will be used to finance qualifying green investments pursuant to Brookfield's 2024 Green Financing Framework. Such investments are likely to comprise renewable power projects, energy storage facilities, and other such sustainability-oriented ventures that are a part of Brookfield's vision for the future of long-term clean energy transformation globally. Proceeds from part of the issue may also go towards refinancing existing debt that relates to comparable sustainability initiatives.

Brookfield Renewable's green financing framework remains to benefit from robust investor confidence, given the strong credit ratings of Series 19 Green Notes. S&P Global Ratings has assigned a BBB+ investment-grade rating on the notes, while DBRS Limited has also assigned a BBB (high) with a stable outlook, alongside a BBB+ rating from Fitch Ratings. These ratings highlight the financial capability, stability, and ongoing emphasis on sustainable investment by the firm. Through having high ESG standards and good credit ratings, Brookfield Renewable has established itself as a choice of preference among investors who care about sustainability and want to fund clean energy projects.

The offering is being arranged by a syndicate of lead financial institutions such as CIBC Capital Markets, RBC Capital Markets, and TD Securities. These institutions are vital in the facilitation of the successful offering and widening Brookfield Renewable's exposure among investors that focus on green investments. The fact that the company is able to access funding from renowned financial institutions further establishes its integrity in the market for sustainable finance.

Brookfield Renewable has a long history of embedding sustainability in its financial and operating strategies. The company has shown time and again its dedication to renewable energy growth through successive green bond issuances. Brookfield Renewable recently issued C$400 million of green bonds to support sustainable investments, further cementing its efforts to direct capital towards environmentally friendly projects.

As the world demand for clean energy solutions increases, Brookfield Renewable is reinforcing its leadership in the industry. Brookfield Renewable's green bonds give investors a chance to finance the development of renewable energy while earning stable financial returns. With this new issuance, Brookfield Renewable is once again proving that sustainability and financial performance are not mutually exclusive.

The issue is subject to customary closing conditions, with completion of the transaction anticipated around March 12, 2025. For full details on the issuance, including terms and conditions, refer to the associated prospectus supplement, which has been made available through Brookfield Renewable's website.

By issuing green-labelled corporate securities consistently, Brookfield Renewable is helping to facilitate the shift to a low-carbon economy. Brookfield Renewable's green financing strategy not only rewards its stakeholders but also helps support international efforts to mitigate climate change. With its solid ESG foundation and history of successful green bond issuances, Brookfield Renewable is a leader in sustainable investment in North America.