Brookfield Renewable Reports 15% Growth in Adjusted FFO, Posts $197 Million Net Loss Amid Neoen Acquisition Costs

Brookfield Renewable Partners L.P. (“Brookfield Renewable Partners” or “BEP”) today announced its financial results for the three months ended March 31, 2025. The company reported Funds From Operations (FFO) of $315 million, or $0.48 per unit—an increase of 15% compared to the prior year when adjusted for last year’s strong hydro generation. Overall, FFO per unit rose 7%, driven by the stable, inflation-linked, and contracted cash flows of its globally diversified operating portfolio, along with contributions from growth initiatives and accretive capital recycling. After accounting for non-cash depreciation and one-time costs related to the acquisition of Neoen, BEP reported a net loss attributable to unitholders of $197 million for the quarter.

“We had a strong start to the year, delivering record results from our large, highly contracted, global operating fleet, which is now approaching 45,000 megawatts diversified across the lowest cost energy technologies. We were also successful advancing our growth initiatives, highlighted by our agreement to acquire National Grid Renewables and completing the privatization of Neoen,” said Connor Teskey, CEO of Brookfield Renewable.

He continued, “The fundamentals for energy remain strong as investment in digitalization and reindustrialization is driving demand growth that far exceeds supply. This imbalance persists despite weaker market sentiment due to uncertainty of the impacts of tariffs globally. In the current environment, we feel our business is differentiated by its resiliency, strong balance sheet, and strategic positioning, allowing us to not only continue to execute, but also capitalize on the current environment to opportunistically grow our platform and extend our leadership position.”