Brookfield Renewable reported Q1 FFO of $375 million ($0.55 per unit), a 19% year-over-year increase, and trailing-twelve-month FFO of $1.394 billion ($2.08 per unit), up 12%. Net loss attributable to unitholders was $229 million, influenced by non-cash depreciation and other expenses.

Hydroelectric operations delivered FFO of $210 million, up nearly 30%, driven by strong pricing, robust generation and a 25% interest sale in a non-core U.S. hydro portfolio. Wind and solar segments generated combined FFO of $245 million, up over 60% on contributions from Neoen and Geronimo Power acquisitions and gains on asset sales, while storage and sustainable solutions added $58 million.

During the quarter Brookfield Renewable committed approximately $2.2 billion of capital, including $550 million net to acquire Boralex, a platform with over 4,000 megawatts of operating and under-construction assets and an 8,000-megawatt development pipeline across Canada, France, the U.S. and the U.K.

The company executed its capital recycling strategy, agreeing to sell nearly $3 billion of assets and expecting $2.8 billion of proceeds (net $820 million). Highlights include the ~2,300-megawatt Northview Energy portfolio sale for $1.3 billion (net $315 million) and frameworks to sell up to $1.5 billion more through the same platform.