"3 Reasons Brookfield Renewable Is a Long-Term Buy for 2030 and Beyond"

Brookfield Renewable Partners (NYSE: BEP; TSX: BEP.UN) and Brookfield Renewable Corporation (NYSE, TSX: BEPC) are positioned to capitalize on the growing demand for clean energy by 2030 and beyond. The company's diversified portfolio of renewable energy sources, global reach, and strong financial position make it a compelling long-term investment. Here are three reasons why Brookfield Renewable is a strong buy for the future.



1. Diversified Portfolio of Renewable Energy Sources

Brookfield Renewable's diversified portfolio of renewable energy sources positions it to capitalize on the growing demand for clean energy by 2030 and beyond. The company operates across five continents, managing a diverse portfolio that includes hydro, wind, solar, distributed energy, storage, and sustainable solutions. This diversification allows Brookfield to meet the varied energy needs of different regions and markets. For instance, their hydro power facilities provide "reliable clean energy and storage capacity to support decarbonizing grids," with an installed capacity of approximately 8,300 MW across 238 facilities. Their wind portfolio, diversified across North America, South America, Europe, and Asia, has a capacity of about 11,300 MW across 186 facilities. Additionally, their solar portfolio, one of the fastest-growing sources of renewable energy, has an installed capacity of around 7,200 MW across 233 facilities.

2. Global Reach and Operational Capabilities

Brookfield Renewable's global presence and operational capabilities provide several strategic advantages in accelerating the transition to net-zero emissions. Firstly, Brookfield Renewable operates across five continents, managing a diverse portfolio of hydro, wind, solar, distributed energy, storage, and sustainable solutions. This global reach allows the company to leverage various renewable energy sources and technologies, ensuring a robust and resilient energy portfolio. For instance, Brookfield Renewable has almost 34,000 megawatts of generating capacity, which includes ~8,300 MW of hydro power, ~11,300 MW of wind capacity, ~7,200 MW of solar capacity, and ~5,700 MW of distributed generation portfolio. This diversified portfolio enables Brookfield Renewable to provide reliable clean energy and storage capacity to support decarbonizing grids.

Secondly, Brookfield Renewable's operational capabilities and scale allow it to develop and operate a high-quality clean energy portfolio in a responsible manner. The company's stable cash flows, with the majority of its power sold to corporate and industrial customers, public power authorities, and utilities under long-term, inflation-linked contracts, provide a strong financial foundation for growth. For example, Brookfield Renewable's business is underpinned by stable cash flows, with the majority of its power sold to corporate and industrial customers, public power authorities, and utilities under long-term, inflation-linked contracts. This financial stability allows Brookfield Renewable to invest in new renewable energy projects and technologies, further accelerating the transition to net-zero emissions.

3. Investment in Sustainable Solutions

Brookfield Renewable's investment in sustainable solutions, including carbon capture and storage (CCS), plays a crucial role in enhancing its long-term growth prospects and environmental impact. The company's sustainable solutions portfolio includes an operating portfolio of 57 thousand metric tonnes per annum (TMTPA) of CCS, 3 million Metric Million British thermal units (MMBtu) of agricultural renewable natural gas (RNG) operating production capacity annually, and over 1 million tons of recycled materials annually. These investments are part of a broader strategy to enable the transition to a low-carbon economy and support decarbonization efforts.

The CCS technology is particularly significant as it captures and stores carbon dioxide emissions from industrial processes, preventing them from entering the atmosphere. This not only reduces the company's carbon footprint but also positions Brookfield Renewable as a leader in innovative climate solutions. By investing in CCS, Brookfield Renewable is aligning itself with global net-zero targets and contributing to the reduction of greenhouse gas emissions, which is essential for mitigating climate change.

Additionally, the company's investment in RNG and materials recycling further supports its environmental goals. RNG is produced from organic waste and can be used as a renewable fuel, reducing dependence on fossil fuels and lowering emissions. The recycling of materials helps conserve natural resources and reduces waste, contributing to a circular economy.

Brookfield Renewable's commitment to sustainable solutions is also reflected in its investment in Westinghouse, a leading global nuclear services business, and a utility and independent power producer with operations in the Caribbean and Latin America. These investments demonstrate the company's diversified approach to renewable energy and decarbonization, leveraging multiple technologies to achieve its environmental objectives.

Overall, Brookfield Renewable's investments in sustainable solutions not only enhance its long-term growth prospects by positioning it as a leader in the transition to a low-carbon economy but also contribute positively to the environment by reducing emissions and promoting sustainable practices.