Brookfield Renewable Q2 FFO rises 13% to $421 million; revenue increases to $1.71 billion - BEP News | RalliesBrookfield Renewable Q2 FFO rises 13% to $421 million; revenue increases to $1.71 billion
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BEP• Battery storage acquisition
- Brookfield Renewable agreed to buy battery storage platform Aypa for about USD 3 billion, with about USD 420 million net to Brookfield Renewable.
Planned BEP and BEPC combination
- The company plans to combine BEP and BEPC into a single publicly traded corporation.
- A securityholder vote is set for Oct. 14, with closing targeted in Q4 2026.
Q2 results and segment performance
- Brookfield Renewable posted Q2 funds from operations (FFO) of USD 421 million, up 13% year over year; FFO per unit rose 11% to USD 0.62.
- Net loss attributable to unitholders widened to USD 213 million, or USD 0.37 per unit, reflecting non-cash depreciation and other expenses.
