An anonymous director reports

BROOKFIELD RENEWABLE TO ISSUE C$400 MILLION OF GREEN BONDS

Brookfield Renewable Partners LP has agreed to issue $400-million aggregate principal amount of medium-term notes, Series 17, due Jan. 10, 2054, which will bear interest at a rate of 5.318 per cent per annum, payable semi-annually.

Brookfield Renewable Partners ULC, a subsidiary of Brookfield Renewable, will be the issuer of the notes, which will be fully and unconditionally guaranteed by Brookfield Renewable and certain of its key holding subsidiaries.

The notes will be issued pursuant to a base shelf prospectus dated Sept. 8, 2023, and a related prospectus supplement and pricing supplement to be dated Jan. 8, 2024. The issue is expected to close on or about Jan. 10, 2024, subject to customary closing conditions.

The notes will represent Brookfield Renewable's 12th green-labelled corporate securities issuance in North America and the first issuance under Brookfield Renewable's 2024 green financing framework. Brookfield Renewable intends to use the net proceeds from the sale of the notes to finance eligible investments (as defined in the green financing framework), including to repay indebtedness incurred in respect thereof. The green financing framework is available on Brookfield Renewable's website and described in the prospectus supplement in respect of the offering.

The notes have been rated BBB+ by S&P Global Ratings, BBB (high), with a stable trend by DBRS Ltd. and BBB+ by Fitch Ratings.

The notes are being offered through a syndicate of agents led by CIBC Capital Markets, RBC Capital Markets, TD Securities, BMO Capital Markets, Scotiabank and National Bank Financial Markets, and including Desjardins, BNP Paribas, Mizuho Securities, MUFG, SMBC Nikko and iA Private Wealth Inc.

About Brookfield Renewable Partners LP

Brookfield Renewable operates one of the world's largest publicly traded, pure-play renewable power platforms. Its portfolio consists of hydroelectric, wind, utility-scale solar and storage facilities in North America, South America, Europe and Asia, and totals approximately 31,800 megawatts of installed capacity and a development pipeline of approximately 143,400 megawatts of renewable power assets, 14 million metric tonnes per annum (MMTPA) of carbon capture and storage, two million tons of recycled material and four million metric million British thermal units of renewable natural gas production annually. Investors can access its portfolio either through Brookfield Renewable Partners LP, a Bermuda-based limited partnership, or Brookfield Renewable Corp., a Canadian corporation.

Brookfield Renewable is the flagship listed renewable power company of Brookfield Asset Management, a leading global alternative asset manager with approximately $850-billion of assets under management.

We seek Safe Harbor.