The following is a summary of the Brookfield Renewable Corporation (BEPC) Q4 2024 Earnings Call Transcript:

Financial Performance:

• Brookfield Renewable reported a record year in 2024 with its strongest operating and financial results.

• FFO per unit increased by 10% year-on-year, benefitting from inflation-linked and contracted cash flows and contributions from acquisitions.

• The company invested $12.5 billion, including in global renewable operator Neoen, contributing to growth.

• Generated $2.8 billion from asset rotation at an average return of 25% IRR, strengthening funding for future growth.

Business Progress:

• Commissioned a record 7,000 megawatts of new capacity globally.

• Advanced commercial initiatives and partnerships, including a landmark agreement with Microsoft to deliver 10.5 gigawatts of renewable energy capacity from 2026 to 2030.

• Expanded development capabilities and asset rotation activities.

• Planned continued investment in battery energy storage systems, now one of the largest battery developers globally.

Opportunities:

• Positioned to benefit from a dramatic shift in demand for electricity driven by the AI revolution.

• Expanded 200,000-megawatt development pipeline concentrated in top data center markets globally.

• Anticipates capitalizing on market dislocation through acquisitions and further growth driven by strong liquidity and robust funding model.

Risks:

• Potential regulatory changes in the U.S. due to new administration's policies could impact the renewables sector.

• Current market volatility could affect public perception and investment in renewable energy, though private capital demand remains strong.

More details: Brookfield Renewable IR

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