Brookfield Renewable is strategically positioned at the intersection of two mega-trends: the explosive growth of artificial intelligence and the need for clean, reliable power. Global data centre power demand is expected to surge by the end of this decade, with AI infrastructure spending projected to keep growing rapidly in the coming years.
Unlike competitors focused solely on intermittent wind and solar, this firm’s diversified portfolio includes hydroelectric assets that provide dispatchable, carbon-free baseload power. That’s exactly what hyperscale data center operators like Google, Microsoft, Amazon, and Meta require for 24/7 operations. Brookfield’s landmark agreements with these technology giants provides exceptional revenue visibility and positions the company as the premier renewable energy provider to the world’s most valuable companies.
BROOKFIELD RENEWABLE PARTNERS L.P. (Toronto symbol BEP.UN; www.bep.brookfield.com) owns 235 hydroelectric generating stations, 263 wind farms, 323 solar facilities, and 7,552 distributed generation and energy storage sites.
Brookfield Renewable also owns a 10.8% interest in Westinghouse Electric, one of the world’s largest nuclear services businesses. Together with other Brookfield entities, they own 51%, and Cameco Corp. Owns 49%.
In July 2025, the company signed a groundbreaking Hydro Framework Agreement with Google to supply up to 3,000 megawatts (3 GW) of hydroelectric capacity in the U.S. The initial 20-year contracts for 670 megawatts from the Holtwood and Safe Harbor facilities in Pennsylvania. That represents more than $3 billion in contracted revenue, making this one of the largest hydropower purchase agreements ever signed.
What’s more, building on a May 2024 agreement, Brookfield will deliver more than 10.5 gigawatts of renewable energy capacity to Microsoft between 2026 and 2030 to power the tech giant’s AI and cloud services operations. This demonstrates Brookfield’s strategic positioning in meeting surging data center power demand.
Meanwhile, Brookfield is investing up to $1 billion to increase its equity interest to approximately 38% in Isagen S.A. E.S.P.
Isagen generates contracted cash flows from its large fleet of hydro assets on Colombia. In addition, Isagen also has a pipeline of renewable power projects.
[ofie_ad]
The transaction adds immediately to Brookfield’s cash flow per unit. About 70% of Isagen’s power generation is contracted for an average of eight years.
As part of this transaction, Qatar Investment Authority, an existing co-investor in Isagen, is investing $500 million and increasing its equity interest in Isagen to 15%. This investment aligns with Qatar Investment Authoritys commitment to invest in companies that support the global transition to a low-carbon future.
Brookfield continues to reward with dividend hikes
In the quarter ended December 31, 2025, the partnership’s revenue rose 7.5%, to $1.54 billion from $1.43 billion a year earlier (all amounts except unit price and market cap in U.S. dollars). The increase came from new plants plus acquisitions.
Cash flow rose 13.8%, to $346 million, or $0.51 a share, from $304 million, or $0.46.
With the March 2026 payment, Brookfield has raised your quarterly distribution by 5.1%. The new annual rate of $1.568 U.S. a unit yields a high 4.9%. The partnership aims to increase the annual payment by 5%-9% each year.
Brookfield plans to invest between $8 billion and $9 billion over the next five years in new growth projects. The partnership cuts the risk of these new projects with long-term power supply contracts. In fact, 90% of its cash flow comes from contracts with an average term of 14 years. As well, 70% of its revenues are indexed to inflation.
Recommendation in Canadian Wealth Advisor: Brookfield Renewable Partners L.P. is a buy.
