Brookfield Renewable (BEPC) Investor Day 2026 summary

Market backdrop and positioning

• Electricity demand is outpacing supply, driven by electrification, reindustrialization, and digitalization, with the imbalance expected to endure.

• Renewables, batteries, and nuclear are positioned to meet demand through low cost and speed, grid flexibility, and secure baseload; renewables supplied 80% of net global electricity additions in 2025.

• Battery capacity grew at an 80% CAGR over four years; costs fell over 90% and installations rose 10x in four years.

• Operations span 35 countries with hydro, wind, and solar assets; Boralex was acquired in 2026, and powered-land opportunities are emerging from existing grid positions.

• Storage has grown to 5 GW operating, with a pipeline exceeding 80 GW, including over 30 GW described as advanced; the renewable fleet totals 50 GW.

Development and capital deployment

• Advanced-stage solar, storage, and wind projects total 90 GW; annual development rose from under 1 GW in 2021 to 8 GW over the last 24 months.

• Annual development is expected to reach 10 GW in 2027 and 11 GW in 2028, sustaining ~11 GW annually from 2028, nearly 40% above the last 12 months.

• The five-year deployment target increased from $10B to over $11B across baseload power, nuclear, solar, wind, storage, and emerging technologies.

• Four investments closed in the past two years, each valued above $6B EV, representing 15 GW operating capacity and a 50 GW pipeline; identified M&A opportunities total $100B.

• A 15-year, 140 MW hybrid solar-plus-storage PPA was signed with a hyperscale customer in Australia; Microsoft contracts helped de-risk OnPath’s pipeline.

Cash flow outlook and financial resilience

• FFO rose from $419M in 2016 to $1,444M in 2026, a 13% CAGR; FFO per unit grew at an 11% CAGR and distributions per unit at 5%.

• FFO per unit reached a record over the past 12 months, with distributions growing in line with target returns for the 15th consecutive year.

• Cash flows are expected to grow 10%+ without M&A; inflation is expected to add 2%–3% to FFO-per-unit growth over five years, with operating-plan execution adding 1%–2%.

• Targets include 10%+ FFO-per-unit growth and 5%–9% distribution growth; 90% of generation is contracted, 70% of cash flows are inflation-linked, and 95% of debt is fixed-rate with 14-year average maturity.

• Liquidity exceeds $5B; financing raised was $37B in 2025 and is expected to exceed $40B in 2026.