v3.26.1
SEGMENTED INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2026
Disclosure of operating segments [abstract]  
Schedule of Adjusted EBITDA and Funds from Operations
The following table provides each segment's results in the format that management organizes its segments to make operating decisions and assess performance and reconciles Brookfield Renewable's proportionate results to the consolidated statements of income (loss) on a line by line basis by aggregating the components comprising the earnings from Brookfield Renewable's investments in associates and reflecting the portion of each line item attributable to non-controlling interests for the three months ended June 30, 2026:
Attributable to Unitholders
Contribution from equity-accounted investments(5)
Attributable to non-controlling interests and other(4)
 As per
IFRS
financials
HydroelectricWindUtility-scale solarDistributed energy & storageSustainable solutionsCorporateTotal
(MILLIONS)North
America		BrazilColombia
Revenues$329 $55 $159 $141 $137 $44 $153 $— $1,018 $(221)$913 $1,710 
Other income(3)
170 3 2 9 52 23 22 13 294 (28)(20)246 
Direct operating costs(142)(20)(68)(62)(33)(20)(123)(13)(481)136 (438)(783)
Share of revenue, other income and direct operating costs from equity-accounted investments(1)
— — — — — — — — — 113 — 113 
357 38 93 88 156 47 52 — 831 — 455 
Management service costs— — — — — — — (77)(77)— — (77)
Interest expense(66)(1)(65)(36)(32)(6)(6)(62)(274)19 (403)(658)
Current income tax (12)(2)(6)(2)(8)(1)(2)— (33)1 78 46 
Distributions attributable to
Preferred limited partners equity
— — — — — — — (8)(8)— — (8)
Preferred equity
— — — — — — — (8)(8)— — (8)
Perpetual subordinated notes— — — — — — — (10)(10)— — (10)
Share of interest and cash taxes from equity-accounted investments(1)
— — — — — — — — — (20)— (20)
Share of Funds From Operations attributable to non-controlling interests(2)
— — — — — — — — — — (130)(130)
Funds From Operations279 35 22 50 116 40 44 (165)421 — — 
Depreciation
(558)
Foreign exchange and financial instrument gain4 
Deferred income tax recovery(41)
Other
(221)
Share of losses from equity-accounted investments(1)
(48)
Net loss attributable to non-controlling interests(2)
230 
Net loss attributable to Unitholders(6)
$(213)
(1)Share of earnings from equity-accounted investments of $45 million is comprised of amounts found on the share of revenue, other income and direct operating costs, share of interest and cash taxes and share of earnings lines.
(2)Net loss attributable to participating non-controlling interests – in operating subsidiaries of $100 million is comprised of amounts found on share of Funds From Operations attributable to non-controlling interests and Net income (loss) attributable to non-controlling interests.
(3)Other income in FFO of $294 million, includes the Partnership’s share of recurring and cash generative items recognized in various elements of the IFRS statements and are predominantly associated with dispositions and monetizations of developed or non-core assets and businesses, recognized in the following line items of the IFRS statements: i) Other income on the consolidated statement of income (loss), ii) Current income taxes and Foreign exchange and financial instruments gain on the consolidated statement of income (loss), iii) items recognized directly in equity in the Disposals and Ownership Changes line of the consolidated statement of changes in equity and iv) the aforementioned items earned via equity-accounted investments recorded on the share of earnings of equity-accounted investments line in the consolidated statement of income (loss). See Note 2 - Disposal of assets and Note 4 - Risk management and financial instruments for further details.
(4)Amounts attributable to non-controlling interests and other associated with Other income (loss) of $20 million includes the removal of the aforementioned items in footnote 3 that are included in FFO but excluded from Other income on the consolidated statement of income (loss).
(5)Contribution from equity-accounted investments also includes our proportionate share of earnings attributable to segment revenues, other income, direct operating costs, interest expense, current income taxes, and other from our financial asset in a nuclear services business, which is recognized as an equity-accounted investment by Brookfield.
(6)Net income (loss) attributable to Unitholders includes net income (loss) attributable to GP interest, Redeemable/Exchangeable partnership units, BEPC exchangeable shares and class A.2 exchangeable shares and LP units. Total net income (loss) includes amounts attributable to Unitholders, non-controlling interests, preferred limited partners equity, preferred equity and perpetual subordinated notes.
The following table provides each segment's results in the format that management organizes its segments to make operating decisions and assess performance and reconciles Brookfield Renewable's proportionate results to the consolidated statements of income (loss) on a line by line basis by aggregating the components comprising the earnings from Brookfield Renewable's investments in associates and reflecting the portion of each line item attributable to non-controlling interests for the three months ended June 30, 2025:
Attributable to UnitholdersContribution from equity-accounted investments
Attributable
 to non-
 controlling
 interests and other(4)
 As per
IFRS
financials
HydroelectricWindUtility-scale solarDistributed energy & storageSustainable solutionsCorporateTotal
(MILLIONS)North
America		BrazilColombia
Revenues$344 $52 $61 $146 $126 $67 $178 $— $974 $(269)$987 $1,692 
Other income(3)
4 2 1 38 49 11 21 7 133 (68)(3)62 
Direct operating costs(121)(17)(25)(58)(40)(21)(114)(11)(407)150 (442)(699)
Share of revenue, other income and direct operating costs from equity-accounted investments(1)
— — — — — — — — — 187 4 191 
227 37 37 126 135 57 85 (4)700 — 546 
Management service costs— — — — — — — (56)(56)— — (56)
Interest expense(68)(3)(22)(41)(33)(13)(8)(50)(238)24 (410)(624)
Current income tax (1)(1)(1)(1)(2)— (3)— (9)3 22 16 
Distributions attributable to
Preferred limited partners equity
— — — — — — — (9)(9)— — (9)
Preferred equity
— — — — — — — (7)(7)— — (7)
Perpetual subordinated notes— — — — — — — (10)(10)— — (10)
Share of interest and cash taxes from equity-accounted investments(1)
— — — — — — — — — (27)(4)(31)
Share of Funds From Operations attributable to non-controlling interests(2)
— — — — — — — — — — (154)(154)
Funds From Operations158 33 14 84 100 44 74 (136)371 — — 
Depreciation
(609)
Foreign exchange and financial instrument gain255 
Deferred income tax expense181 
Other
(61)
Share of losses from equity-accounted investments(1)
(217)
Net income attributable to non-controlling interests(2)
(32)
Net loss attributable to Unitholders(5)
$(112)
(1)Share of losses from equity-accounted investments of $57 million is comprised of amounts found on the share of revenue, other income and direct operating costs, share of interest and cash taxes and share of loss lines.
(2)Net income attributable to participating non-controlling interests – in operating subsidiaries of $186 million is comprised of amounts found on Share of Funds From Operations attributable to non-controlling interests and Net income attributable to non-controlling interests.
(3)Other income in FFO of $133 million, includes the Partnership’s share of recurring and cash generative items recognized in various elements of the IFRS statements and are predominantly associated with dispositions and monetizations of developed or non-core assets and businesses, recognized in the following line items of the IFRS statements: i) Other income on the consolidated statement of income (loss), ii) Current income taxes and Foreign exchange and financial instrument gain on the consolidated statement of income (loss), and iii) the aforementioned items earned via equity-accounted investments recorded on the share of earnings of equity-accounted investments line in the consolidated statement of income (loss). See See Note 4 - Risk management and financial instruments for further details.
(4)Amounts attributable to non-controlling interests and other associated with Other income (loss) of $3 million includes the removal of the aforementioned items in footnote 3 that are included in FFO but excluded from Other income on the consolidated statement of income (loss).
(5)Net income (loss) attributable to Unitholders includes net income (loss) attributable to GP interest, Redeemable/Exchangeable partnership units, BEPC exchangeable and class A.2 exchangeable shares and LP units. Total net income (loss) includes amounts attributable to Unitholders, non-controlling interests, preferred limited partners equity, preferred equity and perpetual subordinated notes.
The following table provides each segment's results in the format that management organizes its segments to make operating decisions and assess performance and reconciles Brookfield Renewable's proportionate results to the consolidated statements of income (loss) on a line by line basis by aggregating the components comprising the earnings from Brookfield Renewable's investments in associates and reflecting the portion of each line item attributable to non-controlling interests for the six months ended June 30, 2026:
Attributable to Unitholders
Contribution from equity-accounted investments(5)
Attributable
 to non-
 controlling
 interests and other(4)
As per
IFRS
financials
HydroelectricWindUtility-scale solarDistributed generation & storageSustainable solutionsCorporateTotal
(MILLIONS)North
America		BrazilColombia
Revenues$630 $121 $277 $301 $234 $88 $306 $— $1,957 $(468)$1,735 $3,224 
Other income(3)
247 5 2 75 150 41 39 43 602 (63)(155)384 
Direct operating costs(299)(37)(117)(125)(71)(45)(252)(26)(972)294 (884)(1,562)
Share of revenue, other income and direct operating costs from equity-accounted investments(1)
— — — — — — — — — 237 — 237 
578 89 162 251 313 84 93 17 1,587 — 696 
Management service costs— — — — — — — (150)(150)— — (150)
Interest expense(136)(3)(120)(75)(65)(15)(16)(119)(549)41 (789)(1,297)
Current income tax expense(12)(5)(7)(7)(6)(1)(3)— (41)5 70 34 
Distributions attributable to
Preferred limited partners equity
— — — — — — — (15)(15)— — (15)
Preferred equity
— — — — — — — (16)(16)— — (16)
Perpetual subordinated notes— — — — — — — (20)(20)— — (20)
Share of interest and cash taxes from equity-accounted investments(1)
— — — — — — — — — (46)— (46)
Share of Funds From Operations attributable to non-controlling interests(2)
— — — — — — — — — — 23 23 
Funds From Operations
430 81 35 169 242 68 74 (303)796 — — 
Depreciation
(1,106)
Foreign exchange and financial instrument gain224 
Deferred income tax recovery6 
Other
(405)
Share of losses from equity-accounted investments(1)
(125)
Net loss attributable to non-controlling interests(2)
168 
Net loss attributable to Unitholders(6)
$(442)
(1)Share of earnings from equity-accounted investments of $66 million is comprised of amounts found on the share of revenue, other income and direct operating costs, share of interest and cash taxes and share of earnings lines.
(2)Net loss attributable to participating non-controlling interests – in operating subsidiaries of $191 million is comprised of amounts found on share of Funds From Operations attributable to non-controlling interests and Net income (loss) attributable to non-controlling interests.
(3)Other income in FFO of $602 million, includes the Partnership’s share of recurring and cash generative items recognized in various elements of the IFRS statements and are predominantly associated with dispositions and monetizations of developed or non-core assets and businesses, recognized in the following line items of the IFRS statements: i) Other income on the consolidated statement of income (loss), ii) Current income taxes and Foreign exchange and financial instruments gain on the consolidated statement of income (loss), iii) items recognized directly in equity in the Disposals and Ownership Changes line of the consolidated statement of changes in equity and iv) the aforementioned items earned via equity-accounted investments recorded on the share of earnings of equity-accounted investments line in the consolidated statement of income (loss). See Note 2 - Disposal of assets and Note 4 - Risk management and financial instruments for further details.
(4)Amounts attributable to non-controlling interests and other associated with Other income (loss) of $155 million includes the removal of the aforementioned items in footnote 3 that are included in FFO but excluded from Other income on the consolidated statement of income (loss).
(5)Contribution from equity-accounted investments also includes our proportionate share of earnings attributable to segment revenues, other income, direct operating costs, interest expense, current income taxes, and other from our financial asset in a nuclear services business, which is recognized as an equity-accounted investment by Brookfield.
(6)Net income (loss) attributable to Unitholders includes net income (loss) attributable to GP interest, Redeemable/Exchangeable partnership units, BEPC exchangeable shares and class A.2 exchangeable shares and LP units. Total net income (loss) includes amounts attributable to Unitholders, non-controlling interests, preferred limited partners equity, preferred equity and perpetual subordinated notes.
The following table provides each segment's results in the format that management organizes its segments to make operating decisions and assess performance and reconciles Brookfield Renewable's proportionate results to the consolidated statements of income (loss) on a line by line basis by aggregating the components comprising the earnings from Brookfield Renewable's investments in associates and reflecting the portion of each line item attributable to non-controlling interests for the six months ended June 30, 2025:
Attributable to UnitholdersContribution
 from
equity-accounted
 investments
Attributable
 to non-
 controlling
 interests and other(4)
As per
IFRS
financials
HydroelectricWindUtility-scale solarDistributed energy & storageSustainable solutionsCorporateTotal
(MILLIONS)North
America		BrazilColombia
Revenues$632 $100 $138 $311 $222 $120 $308 $— $1,831 $(491)$1,932 $3,272 
Other income(3)
23 5 1 65 79 104 27 14 318 (98)12 232 
Direct operating costs(256)(32)(49)(121)(71)(45)(228)(22)(824)293 (843)(1,374)
Share of revenue, other income and direct operating costs from equity-accounted investments(1)
—————————296 10306 
399 73 90 255 230 179 107 (8)1,325 — 1,111 
Management service costs— — — — — — — (105)(105)— — (105)
Interest expense(135)(6)(39)(80)(63)(20)(16)(94)(453)45 (825)(1,233)
Current income tax expense (recovery)(3)(4)(7)(5)(4)(1)(5)(1)(30)9 78 57 
Distributions attributable to
Preferred limited partners equity
— — — — — — — (17)(17)— — (17)
Preferred equity
— — — — — — — (14)(14)— — (14)
Perpetual subordinated notes— — — — — — — (20)(20)— — (20)
Share of interest and cash taxes from equity-accounted investments
— — — — — — — — — (54)(10)(64)
Share of Funds From Operations attributable to non-controlling interests(2)
——————————(354)(354)
Funds From Operations261 63 44 170 163 158 86 (259)686 — — 
Depreciation
(1,192)
Foreign exchange and financial instrument gain504 
Deferred income tax expense226 
Other
(322)
Share of losses from equity-accounted investments(1)
(315)
Net income attributable to non-controlling interests(2)
104 
Net loss attributable to Unitholders(5)
$(309)
(1)Share of losses from equity-accounted investments of $73 million is comprised of amounts found on the share of revenue, other income and direct operating costs, share of interest and cash taxes and share of loss lines.
(2)Net income attributable to participating non-controlling interests – in operating subsidiaries of $250 million is comprised of amounts found on Share of Funds From Operations attributable to non-controlling interests and Net income attributable to non-controlling interests.
(3)Other income in FFO of $318 million, includes the Partnership’s share of recurring and cash generative items recognized in various elements of the IFRS statements and are predominantly associated with dispositions and monetizations of developed or non-core assets and businesses, recognized in the following line items of the IFRS statements: i) Other income on the consolidated statement of income (loss), ii) Current income taxes and Foreign exchange and financial instrument gain on the consolidated statement of income (loss), and iii) the aforementioned items earned via equity-accounted investments recorded on the share of earnings of equity-accounted investments line in the consolidated statement of income (loss). See See Note 5 - Risk management and financial instruments for further details.
(4)Amounts attributable to non-controlling interests and other associated with Other income (loss) of $12 million includes the removal of the aforementioned items in footnote 3 that are included in FFO but excluded from Other income on the consolidated statement of income (loss).
(5)Net income (loss) attributable to Unitholders includes net income (loss) attributable to GP interest, Redeemable/Exchangeable partnership units, BEPC exchangeable and class A.2 exchangeable shares and LP units. Total net income (loss) includes amounts attributable to Unitholders, non-controlling interests, preferred limited partners equity, preferred equity and perpetual subordinated notes.
Schedule of Segmented Basis About Certain Items in Brookfield Renewables Statement of Financial Position
The following table provides information on each segment's statement of financial position in the format that management organizes its segments to make operating decisions and assess performance and reconciles Brookfield Renewable's proportionate results to the consolidated statements of financial position by aggregating the components comprising from Brookfield Renewable's investments in associates and reflecting the portion of each line item attributable to non-controlling interests:
Attributable to UnitholdersContribution from equity-accounted investmentsAttributable
to non-
controlling
interests		As per
IFRS
financials
HydroelectricWindUtility-scale solarDistributed energy & storageSustainable solutionsCorporateTotal
(MILLIONS)North
America		BrazilColombia
As at June 30, 2026
Cash and cash equivalents$123 $71 $88 $258 $191 $83 $49 $8 $871 $(116)$1,216 $1,971 
Property, plant and equipment14,424 1,472 5,939 5,487 3,919 1,898 299 — 33,438 (2,487)38,665 69,616 
Total assets15,776 1,748 6,934 7,437 5,505 2,578 2,504 182 42,664 (2,115)56,196 96,745 
Total liabilities10,110 513 4,465 5,169 4,123 1,322 285 6,046 32,033 (2,115)30,979 60,897 
As at December 31, 2025
Cash and cash equivalents$200 $46 $19 $268 $169 $136 $40 $85 $963 $(141)$1,271 $2,093 
Property, plant and equipment15,227 1,428 5,765 5,464 3,684 1,700 326 — 33,594 (2,503)39,365 70,456 
Total assets16,492 1,687 6,305 7,545 6,041 2,576 1,801 169 42,616 (2,056)58,141 98,701 
Total liabilities10,035 520 4,075 5,811 4,264 1,833 311 4,941 31,790 (2,056)33,993 63,727 
Schedule of Consolidated Revenue Split by Geographical Region
The following table presents consolidated revenue split by reportable segment for the three and six months ended June 30:
Three months ended June 30Six months ended June 30
(MILLIONS)2026202520262025
Hydroelectric
North America$411 $396 $740 $713 
Brazil57 55 124 106 
Colombia418 269 734 609 
886 720 1,598 1,428 
Wind349 435 739 877 
Utility-scale solar316 338 595 636 
Distributed energy & storage159 199 292 331 
$1,710 $1,692 $3,224 $3,272 
Schedule of Consolidated Property, Plant and Equipment and Equity-Accounted Investments Split by Geographical Region
The following table presents consolidated property, plant and equipment and equity-accounted investments split by geography region:
(MILLIONS)June 30, 2026December 31, 2025
United States$29,384 $30,427 
Colombia15,871 15,375 
Canada7,716 7,974 
Brazil4,831 4,648 
Europe5,110 6,032 
Asia–Pacific9,268 8,954 
Other1,150 1,133 
$73,330 $74,543