Strong Financial Performance
FFO per unit increased by 15% year-over-year, and on an all-in basis, it increased by 7% year-over-year. The company delivered funds from operations of $315 million or $0.48 per unit.
Significant Progress with Renewable Projects
The company commissioned approximately 800 megawatts of renewable energy capacity in the quarter and expects to bring approximately 8 gigawatts online in 2025.
Strategic Acquisitions
Brookfield completed the privatization of Neoen and reached an agreement to acquire National Grid Renewables, deploying $4.6 billion or $500 million net to Brookfield Renewable.
Positive Outlook for Hydro Segment
Hydroelectric segment continues to benefit from favorable all-in pricing with strong demand for clean power and a healthy snowpack and reservoir levels near long-term average.