Brookfield Renewable Partners (TSE:BEP.UN) has released an update.
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Brookfield Renewable Partners reported a robust second quarter with a 9% increase in Funds From Operations (FFO) to $339 million, indicating strong growth from mergers and acquisitions, organic development, and a diversified operating fleet. Despite this, the company experienced a net loss of $154 million due to non-cash expenses and other factors. Brookfield Renewable also highlighted significant investments in renewable energy platforms and development pipelines, including the acquisition of Neoen and investments in India and South Korea, aiming to meet the rising global demand for clean power.
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