Brookfield Renewable Partners Finalizes Reorganization Timeline
Brookfield Renewable Partners L.P. Completes Key Approvals
BROOKFIELD, NEWS -- Brookfield Renewable Partners L.P. (NYSE: BEP) and Brookfield Renewable Corporation (NYSE: BEPC) are excited to share that all necessary shareholder, court, and regulatory approvals have been secured for their proposed reorganization. This significant development paves the way for the Arrangement to become effective just before the market opens!
The Arrangement: What Investors Need to Know
With the successful completion of the Arrangement, existing shareholders of Brookfield Renewable Corporation will exchange their Class A exchangeable subordinate voting shares for new Class A exchangeable shares. These New Exchangeable Shares will maintain the same economic advantages and governance provided by investing in BEPC today. Investors can look forward to these new shares being listed on the Toronto Stock Exchange and the New York Stock Exchange under the symbol "BEPC." This smooth transition ensures that the interests of shareholders remain aligned with Brookfield's commitment to renewable energy.
About Brookfield Renewable: A Leader in Sustainable Solutions
Brookfield Renewable stands as one of the largest publicly traded platforms dedicated to renewable energy globally. Their expansive renewable power portfolio includes assets in hydroelectric, wind, utility-scale solar, distributed generation, and storage capacities across multiple continents, covering North America, South America, Europe, and Asia.
Massive Operational Capacity and Growth Potential
With an operational capacity exceeding 35,000 megawatts, Brookfield Renewable is also focused on a substantial development pipeline, boasting approximately 200,000 megawatts. This highlights the company's commitment to scaling its renewable energy solutions. In addition to their power generation initiatives, Brookfield is investing in various sustainable solutions such as carbon capture and recycling, agricultural renewable natural gas, and its interests in Westinghouse, a leader in nuclear services.
Connecting with Brookfield Renewable
Brookfield Renewable is the flagship renewable power and transition firm within Brookfield Asset Management, one of the foremost global alternative asset managers overseeing over $1 trillion in assets. Their strategic vision underscores the importance of transitioning toward cleaner energy sources, reflecting an understanding of the growing demand for sustainable solutions across industries.
Contact Information for Investors and Media
For further inquiries, here are the key contacts at Brookfield:
Media Contact:
Simon Maine
Managing Director
Corporate Communications
Tel: +44 739 890 9278
Email: simon.maine@brookfield.com
Investor Relations:
Alex Jackson
Vice President
Investor Relations
Tel: +1 416 649 8196
Email: alexander.jackson@brookfield.com
Frequently Asked Questions
What is the significance of the reorganization for shareholders?
The reorganization allows current shareholders to exchange their shares for new ones with the same economic and governance rights, ensuring a smooth transition.
What exchanges will the New Exchangeable Shares be listed on?
The New Exchangeable Shares will be listed on both the Toronto Stock Exchange and the New York Stock Exchange.
How does Brookfield Renewable contribute to sustainable energy?
Brookfield Renewable operates one of the largest renewable power portfolios globally, consisting of hydroelectric, wind, and solar facilities across continents.
What is the operational capacity of Brookfield Renewable?
Brookfield Renewable currently has an operational capacity of over 35,000 megawatts and a development pipeline of about 200,000 megawatts.
Who manages Brookfield Renewable’s investments?
Brookfield Renewable is managed by Brookfield Asset Management, a leading global alternative asset manager overseeing over $1 trillion in assets.
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