And so we as we mentioned, we have a meaningful amount of additional capacity coming off contract over the next five years. Because ourselves, Shoals, Trane, we all cover the same customer set. And there has been tremendous amounts of precipitation and hydrology inflows. And the main question for Wyatt, and on the $1 billion upfinancing looks like that firms up a lot of that wedge of the funding program that you have. But the comment I would make is when we say 30% are not indexed to inflation. Thank you for participating.

Its largely fixed and really Id make two comments there. Turning to our segment results. That partnership, that collaboration continues to go very, very well. And secondly, we need to see that from a very high quality counterparty, because that allows us to do the significant up financing such as the one that we did in December, which unlocks a huge amount of capital today that we can immediately invest in accretive growth. This is due to the fact that a significant portion of our business has inflation indexation. We also maintained a strong balance sheet and executed over $13 billion of financings, generating $1.5 billion in proceeds from up financings, net to Brookfield Renewable bolstering our liquidity, enhancing our self-funding business model and minimizing our exposure to increasing interest rates or near-term maturities. We have a pool of capital that we one thats our liquidity, that standalone liquidity, but that significant dry powder from sovereign wealth funds and other institutional capital that we invest alongside of, and that is available to be deployed very quickly is a huge differentiator. Rupert, great question. Officer of Brookfield Renewable Partners L.P since .

And thats really driving returns. Good morning, everyone. [Operator Instructions] Our first question comes from Robert Hope with Scotiabank. Before we begin, we would like to remind you that a copy of our news release, investor supplement and letter to unitholders can be found on our website. So to put some context around this transaction, we view it certainly as at least a high type return in our initial underwriting.

Last updated: 1 April 2023 at 11:00am EST. Officer of Brookfield Renewable Partners L.P, the total compensation of Mr Teskey at Brookfield Renewable Partners L.P is $1,462,868. Thanks for taking our questions and thanks for all the colors. We further diversified our business with our first investment in offshore wind and we expanded both our hydroelectric and battery storage portfolios. During 2021, we continued to take advantage of the low interest rate environment.

There is no doubt that both have impacted our broader industry. Share. Just a quick question on some partnerships, I mean last year, youve youre going to be working with Amazon on utility scale project globally. Mr. Teskey is also Head of Europe for Brookfield Asset Management, responsible for corporate operations and oversight across Brookfields business in the region. Prior to these roles, Mr. Teskey was Chief Investment Officer of the Renewable Power business. And then simply as the world recovers in the global economy recovers from COVID, we do expect some of those logistical issues to continue to work themselves out. Officer at Brookfield Renewable Partners L.P. As the Chief Exec. In fact, if we look over the next three years, our expected buildout is north of 9 gigawatts over the next three years. And what we have been doing over the last four years is we've been preserving the backend optionality of our hydros. The parent company of the asset management firm will be renamed Brookfield Corp. and will have Mr. Flatt as its CEO. The second point we would make is maybe simply around the scale of opportunities we are seeing. And then secondly, some corporate PPAs certainly not the majority of them, but some of them are fixed price. I would say, our view of underlying assets has not changed. Yes. Great. So we continue to scale our platforms. Thank you for joining us this morning. So the way we look at these opportunities is always really from two perspectives. You may now disconnect. Okay. Were seeing increased demand by the largest procurers of green power for multi-regional or global solutions. Having been with Brookfield since 2012, Mr. Teskey has most recently served as Brookfield Choose your news we will deliver. These statements are subject to known and unknown risks, and our future results may differ materially. If it is it's immaterial and it might be a couple projects at most, the growth of that business is driven by, I would say macro dynamics that far exceed, call it near -term regulatory decisions. Mr. Flatt added in the letter that "to ensure the continuity and success of the partnership, we actively promote from within and move executives into new roles so they will be prepared to take on still-greater responsibilities.". Okay. Our product offering on DG is already best in class, nothing there that we feel were missing in the current environment. It comes with best-in-class assets, but one of the other things were also getting as part of that transaction is a best-in-class management team that is going to drive value in the assets that came with the transaction and also across our broader portfolio. Thank you, operator. Brookfield Renewable reported FFO of $243 million or $0.38 per Unit for the three months ended March 31, 2022, an 18% increase on a normalized basis over the same period prior year. Thanks. This was a bilaterally sourced opportunity where our ability to transact quickly and leverage our existing commercial relationships enabled us to transact with Urban Grid at attractive terms. Other parts a little bit weaker. Image source: The Motley Fool. And then lastly, when it comes to the United States and Canada, we continue to see the benefits of diversification within our portfolio. And just the second part of the question, where else do you think there are opportunities for these types of agreements either types of partners or by geographies? We are uniquely positioned with leading capabilities across four continents and to provide global solution for those looking for clean onsite or behind the meter generation. Good morning, everyone. Global Fixed Income: Volatility and Uncertainty Here to Stay, Valuing Banks: Hidden Losses Versus Assets, 2023 Outlook: The Top Five Trends to Monitor in the Year Ahead, Show Me the Income: Discovering plan sponsor and participant preferences for cr, The Future of Infrastructure: Building a Better Tomorrow, For institutional investors, ETFs can make meeting liquidity needs easier, Gold: the most effective commodity investment, 2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios, Ten ways retirement plan professionals add value to plan sponsors. Officer at Brookfield Renewable Partners L.P. As the Chief Exec. Weve been filling that demand using our hydro and storage and select cases, but the ability to do that on an increased level is very attractive to both us and the clients we supply energy to. But in a market such as this one where energy and commodity prices have gone up dramatically, the joy of a corporate PPA on a renewables asset is there are no input costs. And therefore, if we see new products that are of interest to our customers and we can partner with leaders in the space to once again, improve our product offering and enhance that customer relationship, we may look to do it across other decarbonization solutions as well.

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One, a lot of what we do on the development side and the power contracting side is trying to meet the unique requirements of our customers.

Like, is that a strategy now in terms of let's do merchant for a few years, and then look to contract later on? And then from there, if we do continue to execute on M&A, as we expect we will, that would be additive. Part of the joy around our increased development activity in solar is simply because solar is a solar construction is a very de-risked process. Current CEO Bruce Flatt wrote in a letter to shareholders Thursday that it was time to "further strengthen our senior management team with the elevation of the next generation of leaders.". And just one quick follow up, you mentioned that you're doing more development due to demand from corporate PPAs. Mr. Carney is currently vice chairman and head of transition investing. Brookfield Renewable Partners L.P. was founded in 1999 and is headquartered in Hamilton, Bermuda. What will be the Fed's target rate at the end of 2023? And that bucket we had always said was anywhere from kind of $2 billion to $2.5 billion, that factored this in. This will lead to an unprecedented build out of wind, solar and other clean energy solutions over the next decade. And as we have in the past, some of those exceed the scale that is appropriate for our private funds and do create co-invest opportunities for Brookfield Renewable. The board of the asset management firm will be made up of Mr. Carney, Mr. Flatt, seven independent directors, as well as the founders of the firm's real estate, private equity and infrastructure businesses Brian Kingston, Cyrus Madon and Sam Pollock who will also continue to act as CEOs and managing partners of their respective businesses. These projects are diversified across distributed and utility-scale solar, wind, storage, hydro and green hydrogen in 14 different countries. All three are also managing partners. Thanks for taking my question here. That concludes our formal remarks for todays call. There are other markets that, that are a little slower going into Q1. It remains in place. So Im curious, has that caused you to change more to the pause of the duration or offering asset values in your models or term of value assumptions and value for capacity, value for the other assets? Connor Teskey is President of Brookfield Asset Management. Hi, good morning.

When you have a business of high margins that wed have roughly 70% and then fixed rate debt, even if you have full cost inflation, the level of margin, the operating leverage you get with those high margins even at 70% of your contracts being indexed, and then even additional leverage down at the FFO level is very meaningful. The list of capital deployment since last quarter seems a little bit longer than normal. And then secondly, it just makes our power more economic and thats going to be helpful for both deploying more capital and driving returns. The good news about the higher pricing environment is that is showing up in PPA pricing as well, but the vast majority of the developed and vast, vast majority, almost all of it is going to be done on a contracted basis. That concludes todays question-and-answer session. Just following on Robs question. We commissioned approximately 1,000 megawatts of new capacity and have progressed over 15,000 megawatts through construction and advanced stage development. Parts of the U.S. performed quite well in the second half of the year from a hydrology perspective. He is also How are you thinking about the typical, like, how you typically invested where its been on a 25% basis with all your partners? Do you see any opportunity to make that process a little bit less complex, meaning youre able to take on bigger shares of investment or just any thoughts on the way youre investing, if thats changed at all with the fundamentals that youre seeing? Our next question comes from Matt Taylor with Tudor Pickering Holt. Tenth Floor Over the past three years, our distributed generation portfolio grew revenue by approximately 40% annually, bolstered by the acquisitions and strategic partnerships we have signed. And then if I could just finish on your FFO to share growth guidance of, its been in the 6% to 11% range, but you print it at 10% in 2021 and then you expect a 10%-plus CAGR over here over the next couple of years. Next, looking at our balance sheet and liquidity. We need to see a significant premium, a very attractive price. During the quarter, we generated FFO of $157 million or $0.38 per unit, a 12% increase from the prior year. And thats largely because of the dollars we have already invested in the ground in development that is only going to start COD-ing and hitting our FFO either in this past year or next year. 9 October 2020. 2021 was another very strong year for our business. During the quarter, our hydroelectric business delivered FFO of

So do you think this environment could accelerate your growth in Europe? President, Brookfield Asset Management; CEO Renewable Power & Transition, Evolving to offer the best of both worlds. Brookfield Global Transition Fund is dedicated to accelerating the transition to a net-zero economy. Brookfield Renewable Partners L.P. ( NYSE: BEP) Q4 2021 Earnings Brookfield has been reliably investing in renewable Mr Teskey is 33, he's been the Chief Exec.

Now we do believe our hydro portfolio, it is best-in-class and does truly represent some irreplaceable and strategic assets in key North American markets.

Great question. And then just diving a little bit deeper into that development point that you put there. Good morning, everyone. And there's two or three dynamics that suggest that there could actually be an increasing environment for operating assets going forward. I just think of some simple examples like some technologies have been around for a long period of time, but with higher prices, the technology makes sense and there is extra sector, extra value or extra production out of solar panels as one example. Great question, Matt. Thanks and good morning, everyone. Both markets are very constructive for us right now. Im not sure there really is an upper limit at this point, or certainly not one that were worried about. The company generates electricity through hydroelectric, wind, solar, distributed generation, pumped storage, cogeneration, and biomass sources. Finally, for our future development pipeline to the extent there is inflation that impacts project costs. remarks, we look forward to taking your questions. Given the duration of the contract and the quality of the counterparty, we current we have raised CAD1.2 billion, CAD1 billion of which was an upfinancing of 40 year Triple B investment grade debt on the facility at a fixed coupon of 4%. But on math, I would say were in a nice position this year compared to where we were at this point last year. So we'll continue to deploy as much capital as we can as long as we're seeing attractive risk-adjusted returns. We advanced key commercial priorities, securing contracts to deliver 11,000 gigawatt hours of clean energy annually, including 6,000 hours to corporate off-takers.

Our energy transition segment generated $162 million of FFO.