Research Reports

Summary

Brookfield Renewable Partners L.P. released its 2025 annual results, reporting record Funds From Operations of $1,334 million ($2.01 per unit, up 10% YoY), commissioned ~8,000 MW of new capacity, deployed $8.8 billion into growth, and announced a 5%+ increase in annual distribution to $1.57 per unit. The filing highlights strong operational performance, asset recycling generating $4.5 billion in proceeds, and $4.6 billion in available liquidity.

Key takeaways

FFO $1,334 million or $2.01 per unit, up 10% year-over-year for year ended December 31, 2025
Annual distribution increased over 5% to $1.57 per unit, effective March 2026
Commissioned ~8,000 MW of new capacity; on track for ~10,000 MW run-rate by 2027
Deployed/committed $8.8 billion ($1.9 billion net) into growth including Neoen privatization and Geronimo Power acquisition
Asset sales generated $4.5 billion ($1.3 billion net) at ~2.4x invested capital
Available liquidity $4.6 billion as at December 31, 2025; executed $37 billion in financings