v3.26.1
SEGMENTED INFORMATION - Schedule of Adjusted EBITDA and Funds From Operations (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Disclosure of operating segments [line items]        
Revenues $ 1,710 $ 1,692 $ 3,224 $ 3,272
Other income 246 62 384 232
Direct operating costs [1] (783) (699) (1,562) (1,374)
Share of revenue, other income and direct operating costs from equity-accounted investments 113 191 237 306
Management service costs (77) (56) (150) (105)
Interest expense (658) (624) (1,297) (1,233)
Current income tax 46 16 34 57
Preferred limited partners equity (8) (9) (15) (17)
Preferred equity (8) (7) (16) (14)
Perpetual subordinated notes (10) (10) (20) (20)
Share of interest and cash taxes from equity-accounted investments (20) (31) (46) (64)
Share of Funds From Operations attributable to non-controlling interests (130) (154) 23 (354)
Depreciation (558) (609) (1,106) (1,192)
Foreign exchange and financial instrument gain 4 255 224 504
Deferred income tax recovery (41) 181 6 226
Other (221) (61) (405) (322)
Share of losses from equity-accounted investments (48) (217) (125) (315)
Net income (loss) attributable to non-controlling interests 230 (32) 168 104
Net loss attributable to Unitholders (213) (112) (442) (309)
Share of earnings (losses) from equity-accounted investments 45 (57) 66 (73)
Hydroelectric        
Disclosure of operating segments [line items]        
Revenues 886 720 1,598 1,428
Wind        
Disclosure of operating segments [line items]        
Revenues 349 435 739 877
Utility-scale solar        
Disclosure of operating segments [line items]        
Revenues 316 338 595 636
Distributed energy & storage        
Disclosure of operating segments [line items]        
Revenues 159 199 292 331
Attributable to Unitholders        
Disclosure of operating segments [line items]        
Revenues 1,018 974 1,957 1,831
Other income 294 133 602 318
Direct operating costs (481) (407) (972) (824)
Share of revenue, other income and direct operating costs from equity-accounted investments 0 0 0 0
Adjusted EBITDA 831 700 1,587 1,325
Management service costs (77) (56) (150) (105)
Interest expense (274) (238) (549) (453)
Current income tax (33) (9) (41) (30)
Preferred limited partners equity (8) (9) (15) (17)
Preferred equity (8) (7) (16) (14)
Perpetual subordinated notes (10) (10) (20) (20)
Share of interest and cash taxes from equity-accounted investments 0 0 0 0
Share of Funds From Operations attributable to non-controlling interests 0 0 0 0
Funds From Operations 421 371 796 686
Attributable to Unitholders | Hydroelectric | North America        
Disclosure of operating segments [line items]        
Revenues 329 344 630 632
Other income 170 4 247 23
Direct operating costs (142) (121) (299) (256)
Share of revenue, other income and direct operating costs from equity-accounted investments 0 0 0 0
Adjusted EBITDA 357 227 578 399
Management service costs 0 0 0 0
Interest expense (66) (68) (136) (135)
Current income tax (12) (1) (12) (3)
Preferred limited partners equity 0 0 0 0
Preferred equity 0 0 0 0
Perpetual subordinated notes 0 0 0 0
Share of interest and cash taxes from equity-accounted investments 0 0 0 0
Share of Funds From Operations attributable to non-controlling interests 0 0 0 0
Funds From Operations 279 158 430 261
Attributable to Unitholders | Hydroelectric | Brazil        
Disclosure of operating segments [line items]        
Revenues 55 52 121 100
Other income 3 2 5 5
Direct operating costs (20) (17) (37) (32)
Share of revenue, other income and direct operating costs from equity-accounted investments 0 0 0 0
Adjusted EBITDA 38 37 89 73
Management service costs 0 0 0 0
Interest expense (1) (3) (3) (6)
Current income tax (2) (1) (5) (4)
Preferred limited partners equity 0 0 0 0
Preferred equity 0 0 0 0
Perpetual subordinated notes 0 0 0 0
Share of interest and cash taxes from equity-accounted investments 0 0 0 0
Share of Funds From Operations attributable to non-controlling interests 0 0 0 0
Funds From Operations 35 33 81 63
Attributable to Unitholders | Hydroelectric | Colombia        
Disclosure of operating segments [line items]        
Revenues 159 61 277 138
Other income 2 1 2 1
Direct operating costs (68) (25) (117) (49)
Share of revenue, other income and direct operating costs from equity-accounted investments 0 0 0 0
Adjusted EBITDA 93 37 162 90
Management service costs 0 0 0 0
Interest expense (65) (22) (120) (39)
Current income tax (6) (1) (7) (7)
Preferred limited partners equity 0 0 0 0
Preferred equity 0 0 0 0
Perpetual subordinated notes 0 0 0 0
Share of interest and cash taxes from equity-accounted investments 0 0 0 0
Share of Funds From Operations attributable to non-controlling interests 0 0 0 0
Funds From Operations 22 14 35 44
Attributable to Unitholders | Wind        
Disclosure of operating segments [line items]        
Revenues 141 146 301 311
Other income 9 38 75 65
Direct operating costs (62) (58) (125) (121)
Share of revenue, other income and direct operating costs from equity-accounted investments 0 0 0 0
Adjusted EBITDA 88 126 251 255
Management service costs 0 0 0 0
Interest expense (36) (41) (75) (80)
Current income tax (2) (1) (7) (5)
Preferred limited partners equity 0 0 0 0
Preferred equity 0 0 0 0
Perpetual subordinated notes 0 0 0 0
Share of interest and cash taxes from equity-accounted investments 0 0 0 0
Share of Funds From Operations attributable to non-controlling interests 0 0 0 0
Funds From Operations 50 84 169 170
Attributable to Unitholders | Utility-scale solar        
Disclosure of operating segments [line items]        
Revenues 137 126 234 222
Other income 52 49 150 79
Direct operating costs (33) (40) (71) (71)
Share of revenue, other income and direct operating costs from equity-accounted investments 0 0 0 0
Adjusted EBITDA 156 135 313 230
Management service costs 0 0 0 0
Interest expense (32) (33) (65) (63)
Current income tax (8) (2) (6) (4)
Preferred limited partners equity 0 0 0 0
Preferred equity 0 0 0 0
Perpetual subordinated notes 0 0 0 0
Share of interest and cash taxes from equity-accounted investments 0 0 0 0
Share of Funds From Operations attributable to non-controlling interests 0 0 0 0
Funds From Operations 116 100 242 163
Attributable to Unitholders | Distributed energy & storage        
Disclosure of operating segments [line items]        
Revenues 44 67 88 120
Other income 23 11 41 104
Direct operating costs (20) (21) (45) (45)
Share of revenue, other income and direct operating costs from equity-accounted investments 0 0 0 0
Adjusted EBITDA 47 57 84 179
Management service costs 0 0 0 0
Interest expense (6) (13) (15) (20)
Current income tax (1) 0 (1) (1)
Preferred limited partners equity 0 0 0 0
Preferred equity 0 0 0 0
Perpetual subordinated notes 0 0 0 0
Share of interest and cash taxes from equity-accounted investments 0 0 0 0
Share of Funds From Operations attributable to non-controlling interests 0 0 0 0
Funds From Operations 40 44 68 158
Attributable to Unitholders | Sustainable solutions        
Disclosure of operating segments [line items]        
Revenues 153 178 306 308
Other income 22 21 39 27
Direct operating costs (123) (114) (252) (228)
Share of revenue, other income and direct operating costs from equity-accounted investments 0 0 0 0
Adjusted EBITDA 52 85 93 107
Management service costs 0 0 0 0
Interest expense (6) (8) (16) (16)
Current income tax (2) (3) (3) (5)
Preferred limited partners equity 0 0 0 0
Preferred equity 0 0 0 0
Perpetual subordinated notes 0 0 0 0
Share of interest and cash taxes from equity-accounted investments 0 0 0 0
Share of Funds From Operations attributable to non-controlling interests 0 0 0 0
Funds From Operations 44 74 74 86
Attributable to Unitholders | Corporate        
Disclosure of operating segments [line items]        
Revenues 0 0 0 0
Other income 13 7 43 14
Direct operating costs (13) (11) (26) (22)
Share of revenue, other income and direct operating costs from equity-accounted investments 0 0 0 0
Adjusted EBITDA 0 (4) 17 (8)
Management service costs (77) (56) (150) (105)
Interest expense (62) (50) (119) (94)
Current income tax 0 0 0 (1)
Preferred limited partners equity (8) (9) (15) (17)
Preferred equity (8) (7) (16) (14)
Perpetual subordinated notes (10) (10) (20) (20)
Share of interest and cash taxes from equity-accounted investments 0 0 0 0
Share of Funds From Operations attributable to non-controlling interests 0 0 0 0
Funds From Operations (165) (136) (303) (259)
Contribution from equity-accounted investments        
Disclosure of operating segments [line items]        
Revenues (221) (269) (468) (491)
Other income (28) (68) (63) (98)
Direct operating costs 136 150 294 293
Share of revenue, other income and direct operating costs from equity-accounted investments 113 187 237 296
Adjusted EBITDA 0 0 0 0
Management service costs 0 0 0 0
Interest expense 19 24 41 45
Current income tax 1 3 5 9
Preferred limited partners equity 0 0 0 0
Preferred equity 0 0 0 0
Perpetual subordinated notes 0 0 0 0
Share of interest and cash taxes from equity-accounted investments (20) (27) (46) (54)
Share of Funds From Operations attributable to non-controlling interests 0 0 0 0
Funds From Operations 0 0 0 0
Attributable to non- controlling interests and other(4)        
Disclosure of operating segments [line items]        
Revenues 913 987 1,735 1,932
Other income (20) (3) (155) 12
Direct operating costs (438) (442) (884) (843)
Share of revenue, other income and direct operating costs from equity-accounted investments 0 4 0 10
Adjusted EBITDA 455 546 696 1,111
Management service costs 0 0 0 0
Interest expense (403) (410) (789) (825)
Current income tax 78 22 70 78
Preferred limited partners equity 0 0 0 0
Preferred equity 0 0 0 0
Perpetual subordinated notes 0 0 0 0
Share of interest and cash taxes from equity-accounted investments 0 (4) 0 (10)
Share of Funds From Operations attributable to non-controlling interests (130) (154) 23 (354)
Funds From Operations 0 0 0 0
Participating non-controlling interests – in operating subsidiaries        
Disclosure of operating segments [line items]        
Non-controlling interests $ (100) $ 186 $ (191) $ 250
[1] Direct operating costs exclude depreciation expense disclosed below.