For the most part, we have seen a willingness from buyers, a clean energy to share these costs through PPA price, as the benefits that our corporate clients see from decarbonization far outweigh the small cost increase they could start to face. I'd now like to hand the conference over to Connor Teskey, Chief Executive Officer. And therefore, the remaining three are fixed. In the quarter, we expanded our portfolio by acquiring 780 megawatts of operating and development assets in Europe and South America. No. 
Good morning, everyone. How should we think about that? Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China. And there has been tremendous amounts of precipitation and hydrology inflows. Brookfield Global Infrastructure Advisor Ltd. Brookfield Global Renewable Energy Advisor Ltd. Brookfield Asset Management (Infrastructure). So wed make maybe two comments. Hi, thanks. 
And as a result, as I mentioned previously, we have no material maturities in the near-term and very limited exposure to interest rates. Last updated: 1 April 2023 at 11:00am EST. Officer of Brookfield Renewable Partners L.P since . On a normalized basis, our results were up 28%. We certainly see certain significant operating leverage existing within our business to push more assets through our existing platform. We have this really high power price environment. Brookfield announced in May that it will spin off 25% of its asset management business. Great. And were really using that not just in Europe, but around the world to enhance and drive an accelerated build out of our corporate PPA business and our development pipeline. We have had to adjust the development programs for a small number of select assets, but we have held the commercialization dates of all of our projects, and none of those adjustments have had a material impact on our business or the returns of those investments. "We look forward to a multidecade opportunity to advance 2 Ltd., Canary Wharf Group Investment Holdings Plc and TechBridge. I appreciate the thorough answer and just maybe one sort of follow-up to that. So do you think this environment could accelerate your growth in Europe? So there's certainly nothing to suggest that we aren't finding opportunities for operating assets as well. What is the salary of Mr Teskey? Thats very helpful. We do have a small amount of hydro development within our portfolio, its largely in Brazil, typically small hydros. I wouldn't say so. Our wind and solar segments generated a combined $581 million of FFO, representing a 55% increase over the prior year. And as more and more wind and solar is built out around the world, supply chains continue to scale up and broader production costs continue to go down. Parts of the U.S. performed quite well in the second half of the year from a hydrology perspective. Before we hand it over for the question-and-answer session, I want to spend a few minutes on two topics, our development pipeline, as well as our recent CAD1.2 billion asset level of financing in Quebec. With these financing activities completed, our business is well protected against the potential of rising interest rates. Okay. Connor Teskey is a Managing Partner, Head of Brookfields Renewable Power Group and Chief Executive Officer of Brookfield Renewable Partners. Mr. Teskey is also Head of Europe for Brookfield Asset Management, responsible for corporate operations and oversight across Brookfields business in the region. Thank you for joining us this morning. Brookfield Global Transition Fund is dedicated to accelerating the transition to a net-zero economy. Mr Teskey is 33, he's been the Chief Exec. And now have an overall global development pipeline of approximately 62,000 megawatts. As we look forward into next year, theres significant upside torque to our performance, if we get a more normalized level of resource, but some comments we would make in Columbia, were entering the year with above the LTA level of resource in our hydros. Our largest businesses are in North America and Europe and they continue to grow on, I would say a double-digit basis year after year after year. So we expect to see more partnerships or collaborations like that one. Officer of Brookfield Renewable Partners L.P since . Brookfield Renewable Partners L.P. was founded in 1999 and is based in Toronto, Canada. Thanks, Fred. 
This transaction reinforces the opportunity we are seeing to sign attractive contract for large scale hydros that appropriately valued the dispatchable carbon free natures of the assets in an increasingly intermittent grid. Date Total Comp. These projects are diversified across distributed and utility-scale solar, wind, storage, hydro and green hydrogen in 14 different countries. Sign up and get the best of News delivered straight to your email inbox, free of charge. Salary Company Earnings; Dec 31 2022 Officer of Brookfield Renewable Partners L.P, the total compensation of Mr Teskey at Brookfield Renewable Wondering if you can give us some color on what were seeing in Europe right now. 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? [tdc_zone type=tdc_content][vc_row][vc_column][td_block_trending_now limit=3][/vc_column][/vc_row][vc_row tdc_css=eyJhbGwiOnsiYm9yZGVyLXRvcC13aWR0aCI6IjEiLCJib3JkZXItY29sb3IiOiIjZTZlNmU2In19][vc_column width=2/3][td_block_slide sort=featured limit=3][td_block_2 border_top=no_border_top category_id= limit=6 td_ajax_filter_type=td_category_ids_filter ajax_pagination=next_prev sort=random_posts custom_title=SEA MOSS RECIPES][td_block_1 border_top=no_border_top category_id= sort=random_posts custom_title=SEA MOSS BEAUTY][td_block_ad_box spot_id=custom_ad_1][td_block_15 category_id= limit=8 sort=random_posts custom_title=SEA MOSS HEALTH BENEFITS][/vc_column][vc_column width=1/3][td_block_social_counter custom_title=STAY CONNECTED facebook=tagDiv twitter=tagdivofficial youtube=tagdiv border_top=no_border_top][td_block_9 custom_title=LIFESTYLE border_top=no_border_top category_id= ajax_pagination=next_prev sort=random_posts][td_block_ad_box spot_id=sidebar][td_block_2 sort=random_posts limit=3 category_id= custom_title=SEA MOSS BUSINESS][td_block_title][td_block_10 limit=3 custom_title= border_top=no_border_top tdc_css=eyJhbGwiOnsibWFyZ2luLXRvcCI6Ii0yMCJ9fQ==][/vc_column][/vc_row][/tdc_zone], Designed by Elegant Themes | Powered by WordPress. Certainly, perhaps I'll start and Wyatt, if there's anything you'd like to add, certainly chime in. We signed a 40 year fixed escalating power purchase agreement for our 265 megawatt Lievre facility with Hydro Quebec. 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. Certainly if the constructive pricing environment continues. First off, we want to reiterate our enthusiasm about the macroeconomic trends we are seeing for global clean energy super majors. Our next question comes from Ben Pham with BMO Capital Markets. Its quick to build, its modular. Looking forward it has estimated that 200 gigawatts of global wind capacity will reach 15 years of age within the next five years, creating an attractive opportunity for developers like us who have the right skillset and scale of capital. One, are we getting the attractive price and two, are we getting a high quality counterparty that will also facilitate a very attractive financing that will unlock that capital that can fund accretive growth? Good morning. However, our globally diversified business and strong relationship with Tier 1 suppliers mean we can manage supply chain disruptions such that they have not had any material impact on our business. WebConnor Teskey is President of Brookfield Asset Management. [Operator Instructions] Please be advised, today's conference may be recorded. In this role, he is responsible for investments, operations and the expansion of the Renewable Power & Transition business. Great. That concludes todays question-and-answer session. 
WebConnor Teskey Age : 34 Public asset : 104,744,407 USD Country of residence : Unknown Linked companies : Brookfield Renewable Partners L.P. - Brookfield Renewable To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market. WebConnor Teskeys Post Connor Teskey CEO, Renewable Power & Transition; President, Brookfield Asset Management 5d Report this post Report Report. Yes. Thanks for taking my question here. Is it fair to say theres still a price at which you might consider a sell down or really is upfinancing kind of representative of a way you can recycle some of the capital from hydros in the future? As one of the preeminent clean energy companies with a global presence, deep operating capabilities and scale, we are uniquely positioned to execute on the most attractive decarbonization investment opportunities around the world. So we're still doing the same things onshore, but there's also this large growth opportunity for power marketing for subsidy free offshore wind in Europe, too. This is mutually beneficial for both the three of us and our customers who are getting a better product offering. We also would like to remind you that we may make forward-looking statements on this call. That's great color. And really the point we would make is, well, the pricing environment is constructive on almost universal basis across our hydro fleet. Thats it for me. And thats really driving returns. 
Said differently, through the re-contracting and upfinancing of a single hydro asset we can fund the majority of our targeted 2022 capital deployment at exceptionally attractive rates. Brookfield Renewable Partners L.P. (NYSE:BEP) Q4 2021 Earnings Conference Call February 4, 2022 9:00 AM ET, Connor Teskey Chief Executive Officer, Wyatt Hartley Chief Financial Officer, Good day. Its largely fixed and really Id make two comments there. Given our strong financial and operating performance, robust liquidity and positive outlook for the business, we are pleased to announce a 5% increase to our distribution to $1.28 per share on an annualized basis. [Operator Instructions] Our first question comes from Robert Hope with Scotiabank. In addition, clean energy and electrification are the first largest and most impactful steps to achieving net zero. 
And thats candidly what you saw in terms of our growth activity in Q4. And it's really two components. And once again, just continue to drive increased penetration of renewables and growth in the sector. The other, whatever it is, 30% less is that fixed or are those kind of, they have escalators, but the escalators are fixed. We've operated our portfolio on a highly contracted basis for the last five or six years. Secondly, as has been a theme for a number of quarters and approaching in couple years now, we are seeing an increasing number of opportunities to do de-risk development at very attractive risk adjusted returns, and thats growing within our business. Thank you, Connor. And so that funding lever isnt available for others. Certainly, so well highlight a couple points here. The portfolio continues to exhibit strong cash flow resiliency given the increasingly diversified asset base, strong price environment and our recent recontracting initiatives delivering strong results even when generation was below long-term average. It's tough to say, but we certainly see more in our portfolio. Other parts a little bit weaker. 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? And so we kind of have three buckets to fund that one, we had some additional corporate debt or perpetual preferred equity that we routinely issue, but limiting ourselves there on a investment grade basis that bucket continues to be one we expect to use that would make anywhere from $1.5 billion to $2 billion. And I would say as a business, we looked at all of those opportunities and we couldnt find one that worked for us appropriately from a risk return or a value entry point perspective. Today, I want to walk you through the Lievre financing. We have done sell downs of hydros in the past, most recently a few years ago. All 13,000 megawatts of solar development in this pipeline have interconnection queue positions, which is specifically valuable in the PJM market, given the high demand for clean energy driven by significant data center load and increasing ambition ambitious RPS targets and limited supply of sites giving given that the market is undergoing significant interconnection queue reform. remarks, we look forward to taking your questions. 
Good morning. Some markets have certainly seen a recovery. And as mentioned earlier, we believe we are uniquely positioned to execute on not only the most attractive, but also the largest decarbonization investment opportunities in this environment. 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. These statements are subject to known and unknown risks, and our future results may differ materially. Connor Teskey, CEO of Brookfield Renewable, said: Investor demand for this fund has been exceptionally strong. Very good. 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. We need to see a significant premium, a very attractive price. And so we as we mentioned, we have a meaningful amount of additional capacity coming off contract over the next five years. Suite 3200 And we are very for that. Just following on Robs question. Thats what Im sorry. WebConnor D Teskey is Chief Executive Officer at Brookfield Renewable Partners LP. Columbia had a great year for hydrology where Brazil had a really tough year for hydrology. 
What is the salary of Mr Teskey? You can do that at a really attractive return, but it's a very, very de-risk project. In addition, there are 4,000 megawatts of de-risked advanced stage buildout opportunities, that we expect to backed with corporate contracts and build out over the next six years. And in certain places, we do still have attractive contracts and we're going to leave those in place and continue to benefit from those inflation-linked cash flows, but what we're probably most excited about and what Wyatt just alluded to, and something we touched upon briefly at Investor Day several months ago is the contracts that are rolling off in the next few years are actually some of our lower price contracts and are the ones that are best positioned to take advantage of this more robust pricing environment. And just one quick follow up, you mentioned that you're doing more development due to demand from corporate PPAs. And we will always look at these opportunities on a returns basis and accretion basis, if you will. The go forward run rate is significantly higher than that based on not only our pipeline, but the number of projects that we already have under construction or are contracted to be built out in the near-term. And we look forward to updating you with our Q1 results in a few months. We also continue to use opportunistic capital recycling as an important lever to drive value and fund growth. How are you thinking about sell downs on hydro? Brookfield Renewable Partners L.P. was founded in 1999 and is headquartered in Hamilton, Bermuda. As the business benefited from recent acquisitions, strong underlying asset availability and execution on organic growth initiatives. And then secondly, simply logistical disruptions as the entire global economy tries to restart from being completely shut down during COVID. And then we came across Urban Grid. We do see opportunities where some businesses with large operating portfolios, but growth ambitions as well may that rely on the capital markets for capital might need solutions to fund that growth. Mr Teskey is 33, he's been the Chief Exec. What we would say is, what really has created the opportunity particularly around the Lievre upfinancing is versus even 12 months ago, certainly versus 18 months ago, there is a much, much more constructive pricing environment around hydros, particularly in North America. Its portfolio consists of approximately 19,000 megawatts of installed capacity. So we'll continue to deploy as much capital as we can as long as we're seeing attractive risk-adjusted returns. Thanks. So what were the puts and takes there? 
The list of capital deployment since last quarter seems a little bit longer than normal. Our next question comes from Mark Jarvi with CIBC. We agreed to deploy capital, in line with our targets growing in every major market we operate and had a record year for development. Thanks, Connor. Thank you. 
So while the short-term supply issues, theres good visibility of cost coming down, we shouldnt lose sight of the long-term trends, which is certainly driving lower long-term production costs for clean energy. Teskey was formerly the renewable groups CIO. And why were excited about those and why on the back of Trane, weve also done the Shoals partnership is in those situations, were providing onsite clean energy as a solution for a customer. The power price markets that these assets operate in are very different. It should not go unnoticed that, that our 10% increase in FFO per unit came in a year where we had I would say a frustrating amount of resource. Looking at the German solar development, 1,700 megawatts. That is not to say that we would never sell them. We wouldve laid out on Investor Day. Yes. Thank you very much. This is due to the fact that a significant portion of our business has inflation indexation. But the comment I would make is when we say 30% are not indexed to inflation. 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. And there's two or three dynamics that suggest that there could actually be an increasing environment for operating assets going forward. Thanks. 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. Brookfield Renewable Partners L.P. ( NYSE: BEP) Q4 2021 Earnings 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. Yes. Thank you. Brookfield has been reliably investing in renewable Thank you for that color. So the way we look at these opportunities is always really from two perspectives. Our next question comes from Rupert Merer with National Bank Financial. This is the 11th consecutive year of at least 5% distribution growth since 2011, when Brookfield Renewable was spun-out, some of the highlights for the year include we generated FFO of $934 million or $1.45 per unit. And it's also been an extremely robust period in terms of access to capital. And then secondly, some corporate PPAs certainly not the majority of them, but some of them are fixed price. Brookfield Asset Management Inc. shuffled its senior leadership as it prepares to spin off part of its asset management business by the end of the year. Please disable your ad-blocker and refresh. 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. This repowering was completed on time and on budget, despite the supply chain challenges facing developers around on the world. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. There are no executives at Brookfield Renewable Partners L.P getting paid more. Mr. Teskey will also continue as CEO of Brookfield's renewable power and transition business, and Mr. Carney will keep his other responsibilities, the letter said. I would say, were much more likely to do more of the broader regional green power solutions. One thing that shouldnt be over looked about the current high power price environment is for the last five or six years as the corporate PPA market has developed really what we have been doing is we have been selling green power. Those are largely fixed contracts on a regional basis, notably India, and then some of our corporate contracts just because thats what our customers prefer. And we also found opportunities in our transition and storage bucket in the UK. That's really why we've been excited about the opportunities we're seeing is because if you can take a project that's ready to build, match it with the corporate contract, match it with a full wrap EPC contract in a long-term O&M agreement. Thank you, operator. Nov 04, 2022, 8:30 a.m. And then the last point I would make is it has been a very robust period of growth for the broader industry. The project which was completed at a 40% discount to new build costs is backed by revenue contracts with high quality counterparties, with a weighted average duration of 12 years that will increase revenues by approximately $10 million. And we also signed a strategic agreement with Shoals Technologies Group, a leading provider of balance of system solutions for storage, solar and eMobility, to pursue distributed renewable energy generation and EV charging solutions across the United States. 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Good morning, everyone. How should we think about that? Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China. And there has been tremendous amounts of precipitation and hydrology inflows. Brookfield Global Infrastructure Advisor Ltd. Brookfield Global Renewable Energy Advisor Ltd. Brookfield Asset Management (Infrastructure). So wed make maybe two comments. Hi, thanks. And as a result, as I mentioned previously, we have no material maturities in the near-term and very limited exposure to interest rates. Last updated: 1 April 2023 at 11:00am EST. Officer of Brookfield Renewable Partners L.P since . On a normalized basis, our results were up 28%. We certainly see certain significant operating leverage existing within our business to push more assets through our existing platform. We have this really high power price environment. Brookfield announced in May that it will spin off 25% of its asset management business. Great. And were really using that not just in Europe, but around the world to enhance and drive an accelerated build out of our corporate PPA business and our development pipeline. We have had to adjust the development programs for a small number of select assets, but we have held the commercialization dates of all of our projects, and none of those adjustments have had a material impact on our business or the returns of those investments. "We look forward to a multidecade opportunity to advance 2 Ltd., Canary Wharf Group Investment Holdings Plc and TechBridge. I appreciate the thorough answer and just maybe one sort of follow-up to that. So do you think this environment could accelerate your growth in Europe? So there's certainly nothing to suggest that we aren't finding opportunities for operating assets as well. What is the salary of Mr Teskey? Thats very helpful. We do have a small amount of hydro development within our portfolio, its largely in Brazil, typically small hydros. I wouldn't say so. Our wind and solar segments generated a combined $581 million of FFO, representing a 55% increase over the prior year. And as more and more wind and solar is built out around the world, supply chains continue to scale up and broader production costs continue to go down. Parts of the U.S. performed quite well in the second half of the year from a hydrology perspective. Before we hand it over for the question-and-answer session, I want to spend a few minutes on two topics, our development pipeline, as well as our recent CAD1.2 billion asset level of financing in Quebec. With these financing activities completed, our business is well protected against the potential of rising interest rates. Okay. Connor Teskey is a Managing Partner, Head of Brookfields Renewable Power Group and Chief Executive Officer of Brookfield Renewable Partners. Mr. Teskey is also Head of Europe for Brookfield Asset Management, responsible for corporate operations and oversight across Brookfields business in the region. Thank you for joining us this morning. Brookfield Global Transition Fund is dedicated to accelerating the transition to a net-zero economy. Mr Teskey is 33, he's been the Chief Exec. And now have an overall global development pipeline of approximately 62,000 megawatts. As we look forward into next year, theres significant upside torque to our performance, if we get a more normalized level of resource, but some comments we would make in Columbia, were entering the year with above the LTA level of resource in our hydros. Our largest businesses are in North America and Europe and they continue to grow on, I would say a double-digit basis year after year after year. So we expect to see more partnerships or collaborations like that one. Officer of Brookfield Renewable Partners L.P since . Brookfield Renewable Partners L.P. was founded in 1999 and is based in Toronto, Canada. Thanks, Fred. This transaction reinforces the opportunity we are seeing to sign attractive contract for large scale hydros that appropriately valued the dispatchable carbon free natures of the assets in an increasingly intermittent grid. Date Total Comp. These projects are diversified across distributed and utility-scale solar, wind, storage, hydro and green hydrogen in 14 different countries. Sign up and get the best of News delivered straight to your email inbox, free of charge. Salary Company Earnings; Dec 31 2022 Officer of Brookfield Renewable Partners L.P, the total compensation of Mr Teskey at Brookfield Renewable Wondering if you can give us some color on what were seeing in Europe right now. 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? 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Certainly, perhaps I'll start and Wyatt, if there's anything you'd like to add, certainly chime in. We signed a 40 year fixed escalating power purchase agreement for our 265 megawatt Lievre facility with Hydro Quebec. 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. Certainly if the constructive pricing environment continues. First off, we want to reiterate our enthusiasm about the macroeconomic trends we are seeing for global clean energy super majors. Our next question comes from Ben Pham with BMO Capital Markets. Its quick to build, its modular. Looking forward it has estimated that 200 gigawatts of global wind capacity will reach 15 years of age within the next five years, creating an attractive opportunity for developers like us who have the right skillset and scale of capital. One, are we getting the attractive price and two, are we getting a high quality counterparty that will also facilitate a very attractive financing that will unlock that capital that can fund accretive growth? Good morning. However, our globally diversified business and strong relationship with Tier 1 suppliers mean we can manage supply chain disruptions such that they have not had any material impact on our business. WebConnor Teskey is President of Brookfield Asset Management. [Operator Instructions] Please be advised, today's conference may be recorded. In this role, he is responsible for investments, operations and the expansion of the Renewable Power & Transition business. Great. That concludes todays question-and-answer session. WebConnor Teskey Age : 34 Public asset : 104,744,407 USD Country of residence : Unknown Linked companies : Brookfield Renewable Partners L.P. - Brookfield Renewable To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market. WebConnor Teskeys Post Connor Teskey CEO, Renewable Power & Transition; President, Brookfield Asset Management 5d Report this post Report Report. Yes. Thanks for taking my question here. Is it fair to say theres still a price at which you might consider a sell down or really is upfinancing kind of representative of a way you can recycle some of the capital from hydros in the future? As one of the preeminent clean energy companies with a global presence, deep operating capabilities and scale, we are uniquely positioned to execute on the most attractive decarbonization investment opportunities around the world. So we're still doing the same things onshore, but there's also this large growth opportunity for power marketing for subsidy free offshore wind in Europe, too. This is mutually beneficial for both the three of us and our customers who are getting a better product offering. We also would like to remind you that we may make forward-looking statements on this call. That's great color. And really the point we would make is, well, the pricing environment is constructive on almost universal basis across our hydro fleet. Thats it for me. And thats really driving returns. Said differently, through the re-contracting and upfinancing of a single hydro asset we can fund the majority of our targeted 2022 capital deployment at exceptionally attractive rates. Brookfield Renewable Partners L.P. (NYSE:BEP) Q4 2021 Earnings Conference Call February 4, 2022 9:00 AM ET, Connor Teskey Chief Executive Officer, Wyatt Hartley Chief Financial Officer, Good day. Its largely fixed and really Id make two comments there. Given our strong financial and operating performance, robust liquidity and positive outlook for the business, we are pleased to announce a 5% increase to our distribution to $1.28 per share on an annualized basis. [Operator Instructions] Our first question comes from Robert Hope with Scotiabank. In addition, clean energy and electrification are the first largest and most impactful steps to achieving net zero. And thats candidly what you saw in terms of our growth activity in Q4. And it's really two components. And once again, just continue to drive increased penetration of renewables and growth in the sector. The other, whatever it is, 30% less is that fixed or are those kind of, they have escalators, but the escalators are fixed. We've operated our portfolio on a highly contracted basis for the last five or six years. Secondly, as has been a theme for a number of quarters and approaching in couple years now, we are seeing an increasing number of opportunities to do de-risk development at very attractive risk adjusted returns, and thats growing within our business. Thank you, Connor. And so that funding lever isnt available for others. Certainly, so well highlight a couple points here. The portfolio continues to exhibit strong cash flow resiliency given the increasingly diversified asset base, strong price environment and our recent recontracting initiatives delivering strong results even when generation was below long-term average. It's tough to say, but we certainly see more in our portfolio. Other parts a little bit weaker. 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? And so we kind of have three buckets to fund that one, we had some additional corporate debt or perpetual preferred equity that we routinely issue, but limiting ourselves there on a investment grade basis that bucket continues to be one we expect to use that would make anywhere from $1.5 billion to $2 billion. And I would say as a business, we looked at all of those opportunities and we couldnt find one that worked for us appropriately from a risk return or a value entry point perspective. Today, I want to walk you through the Lievre financing. We have done sell downs of hydros in the past, most recently a few years ago. All 13,000 megawatts of solar development in this pipeline have interconnection queue positions, which is specifically valuable in the PJM market, given the high demand for clean energy driven by significant data center load and increasing ambition ambitious RPS targets and limited supply of sites giving given that the market is undergoing significant interconnection queue reform. remarks, we look forward to taking your questions. Good morning. Some markets have certainly seen a recovery. And as mentioned earlier, we believe we are uniquely positioned to execute on not only the most attractive, but also the largest decarbonization investment opportunities in this environment. 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. These statements are subject to known and unknown risks, and our future results may differ materially. Connor Teskey, CEO of Brookfield Renewable, said: Investor demand for this fund has been exceptionally strong. Very good. 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. We need to see a significant premium, a very attractive price. And so we as we mentioned, we have a meaningful amount of additional capacity coming off contract over the next five years. Suite 3200 And we are very for that. Just following on Robs question. Thats what Im sorry. WebConnor D Teskey is Chief Executive Officer at Brookfield Renewable Partners LP. Columbia had a great year for hydrology where Brazil had a really tough year for hydrology. What is the salary of Mr Teskey? You can do that at a really attractive return, but it's a very, very de-risk project. In addition, there are 4,000 megawatts of de-risked advanced stage buildout opportunities, that we expect to backed with corporate contracts and build out over the next six years. And in certain places, we do still have attractive contracts and we're going to leave those in place and continue to benefit from those inflation-linked cash flows, but what we're probably most excited about and what Wyatt just alluded to, and something we touched upon briefly at Investor Day several months ago is the contracts that are rolling off in the next few years are actually some of our lower price contracts and are the ones that are best positioned to take advantage of this more robust pricing environment. And just one quick follow up, you mentioned that you're doing more development due to demand from corporate PPAs. And we will always look at these opportunities on a returns basis and accretion basis, if you will. The go forward run rate is significantly higher than that based on not only our pipeline, but the number of projects that we already have under construction or are contracted to be built out in the near-term. And we look forward to updating you with our Q1 results in a few months. We also continue to use opportunistic capital recycling as an important lever to drive value and fund growth. How are you thinking about sell downs on hydro? Brookfield Renewable Partners L.P. was founded in 1999 and is headquartered in Hamilton, Bermuda. As the business benefited from recent acquisitions, strong underlying asset availability and execution on organic growth initiatives. And then secondly, simply logistical disruptions as the entire global economy tries to restart from being completely shut down during COVID. And then we came across Urban Grid. We do see opportunities where some businesses with large operating portfolios, but growth ambitions as well may that rely on the capital markets for capital might need solutions to fund that growth. Mr Teskey is 33, he's been the Chief Exec. What we would say is, what really has created the opportunity particularly around the Lievre upfinancing is versus even 12 months ago, certainly versus 18 months ago, there is a much, much more constructive pricing environment around hydros, particularly in North America. Its portfolio consists of approximately 19,000 megawatts of installed capacity. So we'll continue to deploy as much capital as we can as long as we're seeing attractive risk-adjusted returns. Thanks. So what were the puts and takes there? The list of capital deployment since last quarter seems a little bit longer than normal. Our next question comes from Mark Jarvi with CIBC. We agreed to deploy capital, in line with our targets growing in every major market we operate and had a record year for development. Thanks, Connor. Thank you. So while the short-term supply issues, theres good visibility of cost coming down, we shouldnt lose sight of the long-term trends, which is certainly driving lower long-term production costs for clean energy. Teskey was formerly the renewable groups CIO. And why were excited about those and why on the back of Trane, weve also done the Shoals partnership is in those situations, were providing onsite clean energy as a solution for a customer. The power price markets that these assets operate in are very different. It should not go unnoticed that, that our 10% increase in FFO per unit came in a year where we had I would say a frustrating amount of resource. Looking at the German solar development, 1,700 megawatts. That is not to say that we would never sell them. We wouldve laid out on Investor Day. Yes. Thank you very much. This is due to the fact that a significant portion of our business has inflation indexation. But the comment I would make is when we say 30% are not indexed to inflation. 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. And there's two or three dynamics that suggest that there could actually be an increasing environment for operating assets going forward. Thanks. 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. Brookfield Renewable Partners L.P. ( NYSE: BEP) Q4 2021 Earnings 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. Yes. Thank you. Brookfield has been reliably investing in renewable Thank you for that color. So the way we look at these opportunities is always really from two perspectives. Our next question comes from Rupert Merer with National Bank Financial. This is the 11th consecutive year of at least 5% distribution growth since 2011, when Brookfield Renewable was spun-out, some of the highlights for the year include we generated FFO of $934 million or $1.45 per unit. And it's also been an extremely robust period in terms of access to capital. And then secondly, some corporate PPAs certainly not the majority of them, but some of them are fixed price. Brookfield Asset Management Inc. shuffled its senior leadership as it prepares to spin off part of its asset management business by the end of the year. Please disable your ad-blocker and refresh. 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. This repowering was completed on time and on budget, despite the supply chain challenges facing developers around on the world. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. There are no executives at Brookfield Renewable Partners L.P getting paid more. Mr. Teskey will also continue as CEO of Brookfield's renewable power and transition business, and Mr. Carney will keep his other responsibilities, the letter said. I would say, were much more likely to do more of the broader regional green power solutions. One thing that shouldnt be over looked about the current high power price environment is for the last five or six years as the corporate PPA market has developed really what we have been doing is we have been selling green power. Those are largely fixed contracts on a regional basis, notably India, and then some of our corporate contracts just because thats what our customers prefer. And we also found opportunities in our transition and storage bucket in the UK. That's really why we've been excited about the opportunities we're seeing is because if you can take a project that's ready to build, match it with the corporate contract, match it with a full wrap EPC contract in a long-term O&M agreement. Thank you, operator. Nov 04, 2022, 8:30 a.m. And then the last point I would make is it has been a very robust period of growth for the broader industry. The project which was completed at a 40% discount to new build costs is backed by revenue contracts with high quality counterparties, with a weighted average duration of 12 years that will increase revenues by approximately $10 million. And we also signed a strategic agreement with Shoals Technologies Group, a leading provider of balance of system solutions for storage, solar and eMobility, to pursue distributed renewable energy generation and EV charging solutions across the United States. 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