Brookfield Renewable has delivered its strongest financial and operational performance to date in its Annual Report 2025, highlighting record growth, accelerated infrastructure development, and industrial scale-up across renewable power and sustainable solutions.
Brookfield Renewable reported total annualized long-term average generation of 120,386 GWh for the year ended December 31, 2025, reflecting the diversified strength of its global renewable power portfolio across hydroelectric, wind, solar, and distributed energy assets.
Hydroelectric power remained a core contributor, generating 38,097 GWh during the year.
In North America, hydro assets produced 17,132 GWh, led by the United States with 11,868 GWh and Canada with 5,264 GWh.
Colombia delivered 16,656 GWh, representing one of the largest country-level contributions within the hydro portfolio.
Brazil added 4,309 GWh.
Wind power was the single largest segment overall, generating 53,265 GWh, highlighting the scale of Brookfield Renewable’s global wind fleet.
Utility-scale solar contributed 26,360 GWh, with stronger output in the second and third quarters reflecting seasonal trends.
Distributed energy and storage assets added 2,664 GWh, demonstrating the growing role of decentralized generation and storage solutions in the company’s portfolio.
On a quarterly basis, total generation remained relatively stable throughout the year, ranging between 28,586 GWh in Q3 and 31,301 GWh in Q2, underscoring the benefits of geographic and technology diversification in balancing seasonal variations.
Total revenue for fiscal 2025 rose to $6,407 million, supported by a diversified global generation fleet and favorable pricing across core markets. The partnership reported record proportionate Funds From Operations of $1,334 million, or $2.01 per unit, marking a 10 percent increase year over year. Growth was driven by solid operating performance, new capacity additions, and accretive acquisitions that strengthened its baseload and grid-stabilizing capabilities.
Record Renewable Capacity Additions and Expanding Global Portfolio
Brookfield Renewable commissioned a record 8,000 megawatts of new renewable capacity in 2025 across utility-scale solar, wind, distributed generation, and energy storage projects. This represents a 20 percent increase in commissioned capacity compared to the previous year and supports its target of achieving a 10,000 megawatt annual run rate by 2027.
The partnership’s operating portfolio now totals approximately 47,200 megawatts globally, while its development pipeline exceeds 200 gigawatts. This scale positions Brookfield Renewable to meet rising demand for clean and reliable power from governments, industrial customers, and technology hyperscalers.
A significant commercial milestone included a Hydro Framework Agreement with Google to supply up to 3,000 megawatts of hydroelectric capacity in the United States. The agreement underscores the growing need for dispatchable, carbon-free baseload power to complement intermittent renewable generation and maintain grid stability.
Nuclear Platform Expansion Through Westinghouse
Through its ownership stake in Westinghouse, Brookfield Renewable continues to expand its presence in next-generation nuclear energy. The nuclear platform plays a strategic role in delivering reliable, carbon-free baseload electricity to support electrification trends across industries and digital infrastructure.
During 2025, the partnership advanced collaboration with the United States government aimed at accelerating new-build nuclear projects. This diversified energy mix strengthens Brookfield Renewable’s ability to provide stable, weather-independent power solutions alongside wind, solar, and hydro assets.
Battery Storage Leadership Following Neoen Acquisition
Battery storage emerged as a key growth pillar in 2025, particularly following the acquisition of Neoen. The integration of Neoen’s large-scale storage platform significantly expanded Brookfield Renewable’s grid-balancing capabilities and development pipeline.
The partnership now manages one of the largest storage pipelines globally, enabling the effective dispatch of renewable electricity during peak demand periods. Storage assets are increasingly critical for stabilizing grids with high renewable penetration and enhancing overall system resilience.
Capital Recycling Generates $4.5 Billion in Proceeds
Brookfield Renewable executed a disciplined capital recycling strategy in 2025, generating record asset sale proceeds of $4.5 billion. Transactions delivered approximately 2.4 times invested capital and returns above target ranges.
Notable deals included the agreement to sell a two-thirds stake in a large portfolio of operating wind and solar projects in the United States. Combined with more than $37 billion in total financings completed during the year, these transactions strengthened the balance sheet and resulted in $4.6 billion of available liquidity to fund future growth opportunities.
Sustainability Targets and Carbon Reduction Progress
Sustainability remains embedded in Brookfield Renewable’s long-term strategy. The partnership continues to advance toward its science-based goal of reducing 95 percent of Scope 1 and Scope 2 emissions by 2030.
While absolute Scope 1 emissions rose marginally due to rapid portfolio expansion and construction activity, carbon intensity per gigawatt-hour remained low. The company also surpassed its waste reduction target ahead of schedule, cutting landfill waste by more than 20 percent before the end of 2025.
Workforce Excellence and Governance Alignment
Operational excellence is supported by a strong focus on health, safety, security, and environmental performance. The company continues to implement Safe Work Observations programs to reduce high-risk incidents and maintain rigorous safety standards across global operations.
Executive remuneration is closely aligned with financial and sustainability performance metrics. Compensation structures link leadership rewards to FFO per unit growth, total shareholder returns, safety benchmarks, and decarbonization milestones, reinforcing long-term value creation for investors.
Positioned for Large-Scale Sustainable Infrastructure Growth
Brookfield Renewable’s 2025 performance reflects a decisive shift toward industrial-scale clean energy deployment, combining renewable generation, nuclear baseload capacity, battery storage, and disciplined capital allocation. With record FFO, expanding liquidity, and a deep development pipeline, the partnership is strengthening its position as a global leader in sustainable infrastructure and grid resilience.
FASNA SHABEER
