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Brookfield Renewable Completes Filing of Annual Financial Statements Recast Toronto Stock Exchange: BEP.UN

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BROOKFIELD, News, November 20, 2020 (GLOBE NEWSWIRE) – Brookfield Renewable (TSX: BEP.UN, BEPC; NYSE: BEP, BEPC) (Brookfield Renewable Partners, “BEP“, or with Brookfield Renewable Corporation,”Brookfield Renewable Power“) announced today that BEP and Brookfield Renewable Corporation (BEPC) filed an overhaul of the annual consolidated financial statements as at December 31, 2019 and December 31, 2018 and for each of the fiscal years of the three fiscal years ended December 31, 2019 and the corresponding management report (the Overhaul of financial statements). Following the privatization of TerraForm Power, Inc (TerraForm Power) in July 2020, the recast of the financial statements was prepared to reflect the consolidation of TerraForm Power by Brookfield Renewable as of October 17, 2017, when it came under the common control of Brookfield Asset Management.

The recast of the financial statements replaces and replaces in all respects the previously filed annual consolidated financial statements of BEP, BEPC and TerraForm Power for those periods.

The consolidated financial statements are available on our website at https://bep.brookfield.com, on the SEC website at www.sec.gov and on the SEDAR website at www. sedar.com. Hard copies of the annual and quarterly reports can be obtained free of charge upon request.

Brookfield Renewable Power operates one of the world’s largest purely listed renewable energy platforms. Our portfolio includes hydroelectric, wind, solar and storage facilities in North America, South America, Europe and Asia, and totals over 19,000 megawatts of installed capacity and a development pipeline of over 18,000 megawatts . Investors can access its portfolio either through Brookfield Renewable Partners LP (NYSE: BEP; TSX: BEP.UN), a Bermuda-based limited partnership, or through Brookfield Renewable Corporation (NYSE, TSX: BEPC), a Canadian company. More information is available at www.bep.brookfield.comand www.bep.brookfield.com/bepc. Important information may be disseminated exclusively through the website; investors should consult the site to access this information.

Brookfield Renewable is the leading publicly traded renewable energy company of Brookfield Asset Management, a leading global alternative asset manager with approximately $ 575 billion in assets under management.

Contact information:
Media:Investors:
Claire HollandRobin kooyman
Senior Vice-President – CommunicationsSenior Vice President – Investor relations
(416) 369-8236(416) 649-8172
[email protected]robin.kooyman@ brookfield.com

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