Brookfield Renewable Partners ULC, a subsidiary of Brookfield Renewable Partners L.P., launched a public offering of C$250 million aggregate principal amount of green subordinated notes pursuant to an underwriting agreement dated June 3, 2025. The notes bear interest at a fixed rate of 7.00% per annum, payable semi-annually, and mature on January 31, 2083. The offering is being made under Brookfield Renewable’s short form base shelf prospectus dated June 30, 2023, and a prospectus supplement dated June 4, 2025.

The offering is being made on a conditional basis, subject to prior sale and fulfillment of terms in the underwriting agreement, including the issuance and acceptance of the notes and the approval of legal matters. Torys LLP is acting as counsel to the issuer, and Goodmans LLP is representing the underwriters.

The net proceeds are intended to finance or refinance eligible renewable energy projects such as wind, solar, and hydroelectric developments, aligned with Brookfield Renewable’s Green Financing Framework. The notes will be subordinated obligations, fully and unconditionally guaranteed by certain subsidiaries.

The syndicate of underwriters is led by Scotia Capital Inc., BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., CIBC World Markets Inc., National Bank Financial Inc., and TD Securities Inc., and includes Desjardins Securities Inc., BNP Paribas (Canada) Securities Inc., Mizuho Securities Canada Inc., MUFG Securities (Canada), Ltd., SMBC Nikko Securities Canada, Ltd., and iA Private Wealth Inc.