Brookfield Renewable Partners Non Voting Units BEP

Alternate Symbol(s): T.BEP.PR.G | BRENF | T.BEP.UN | T.BEP.PR.M | T.BEP.PR.R

Utilities Utilities - Independent Power Producers

Brookfield Renewable Partners L.P. is a Bermuda-based globally diversified, multi-technology, owner and operator of clean energy and sustainable solutions assets. The Company’s segments include hydroelectric, wind, utility-scale solar and distributed energy, and storage, which includes distributed generation and pumped storage, sustainable solutions, and corporate. Its sustainable solutions include renewable natural gas, carbon capture and storage, recycling, cogeneration biomass, nuclear services, and power transformation. It has approximately 33,000 megawatts of renewable power operating capacity and an approximately 155,000-megawatt development pipeline. The Company’s portfolio of sustainable solutions includes investment in businesses with an operating portfolio of 47 thousand metric tons per annum of carbon capture and storage, three million Metric Million British thermal units of agricultural renewable natural gas. It is also engaged in the nuclear service business.

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Brookfield Renewable Partners Non Voting Units

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Post by retiredcfon Oct 04, 2022 9:38am

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October 3, 2022

Brookfield Renewable Partners L.P.
Makes third carbon capture investment in 2022

NYSE: BEP | USD 31.30 | Sector Perform | Price Target USD 43.00

Sentiment: Neutral

Our take

We estimate that the investment in carbon recycler LanzaTech will have a neutral impact on the shares and units of Brookfield Renewable (BEP) due to the relatively small initial investment (~$100 million) for Brookfield Renewable. We note that this will be Brookfield Renewable's third investment in the carbon capture space, following investments with Entropy (Alberta) and California Resources Corporation, as the company looks to become a one-stop-shop for decarbonization solutions.

Details

• Brookfield Renewable has committed $500 million (~$100 million net to BEP) to LanzaTech NZ Inc to finance agreed upon upcoming CCS projects in North America and Europe, with the potential to increase the investment to $1 billion (~$200 million net to BEP). As part of the agreement, BEP is also investing $50 million in an instrument which converts into LanzaTech equity. The investments will be done through the $15 billion Brookfield Global Transition Fund (BEP's participation is ~20%).

LanzaTech's technology provides a new way to decarbonize hard-to-abate sectors across the economy, and has developed technology that takes the carbon out of emissions and converts it into sustainable fuels, fabrics and other everyday products.
According to Reuters, earlier this year, LanzaTech signed a go-public deal with a SPAC (AMCI Acquisition Corp II), that valued the company at $2.2 billion.