| PROPERTY, PLANT AND EQUIPMENT |
PROPERTY, PLANT AND EQUIPMENT The following table presents a reconciliation of property, plant and equipment at fair value: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (MILLIONS) | | | Hydroelectric | | Wind | | Solar | | Other(1) | | Total(2)(3) | | Property, plant and equipment, at fair value | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As at December 31, 2025 | | | $ | 29,208 | | | $ | 4,175 | | | $ | 4,450 | | | $ | 6 | | | $ | 37,839 | | | Additions | | | 63 | | | 7 | | | 37 | | | 6 | | | 113 | | | Transfer from construction work-in-progress | | | 16 | | | 134 | | | 187 | | | — | | | 337 | | Transfer to assets held for sale | | | (2,349) | | | — | | | (180) | | | — | | | (2,529) | | | | | | | | | | | | | | | | | | | | | | | | | | | Items recognized through OCI: | | | | | | | | | | | | | Change in fair value | | | 116 | | | — | | | (18) | | | (5) | | | 93 | | | Foreign exchange | | | 1,424 | | | 58 | | | 92 | | | 2 | | | 1,576 | | | Items recognized through net income: | | | | | | | | | | | | | Change in fair value | | | — | | | (10) | | | (10) | | | — | | | (20) | | | Depreciation | | | (277) | | | (173) | | | (144) | | | (1) | | | (595) | | | As at June 30, 2026 | | | $ | 28,201 | | | $ | 4,191 | | | $ | 4,414 | | | $ | 8 | | | $ | 36,814 | | | Construction work-in-progress | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As at December 31, 2025 | | | $ | 280 | | | $ | 542 | | | $ | 868 | | | $ | 170 | | | $ | 1,860 | | | Additions | | | 45 | | | 81 | | | 254 | | | 62 | | | 442 | | | Transfer to property, plant and equipment | | | (16) | | | (134) | | | (187) | | | — | | | (337) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Items recognized through OCI: | | | | | | | | | | | | | | | | | | | | | | | | | Foreign exchange | | | 3 | | | 5 | | | (16) | | | — | | | (8) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As at June 30, 2026 | | | $ | 312 | | | $ | 494 | | | $ | 919 | | | $ | 232 | | | $ | 1,957 | | | Total property, plant and equipment, at fair value | | | | | | | | | | | | As at December 31, 2025(2)(3) | | | $ | 29,488 | | | $ | 4,717 | | | $ | 5,318 | | | $ | 176 | | | $ | 39,699 | | As at June 30, 2026(2)(3) | | | $ | 28,513 | | | $ | 4,685 | | | $ | 5,333 | | | $ | 240 | | | $ | 38,771 | |
(1)Includes battery storage. (2)Includes right-of-use assets not subject to revaluation of $55 million (2025: $29 million) in our hydroelectric segment, $101 million (2025: $104 million) in our wind segment, $143 million (2025: $118 million) in our solar segment, and nil (2025: $8 million) in other. (3)Includes land not subject to revaluation of $146 million (2025: $204 million) in our hydroelectric segment, $12 million (2025: $12 million) in our wind segment, and $39 million (2025: $40 million) in our solar segment.
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