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Submitted URL: http://www.brookfieldrenewable.com/
Effective URL: https://www.brookfield.com/our-businesses/renewable-power-transition
Submission: On November 30 via manual from HK — Scanned from DE
Effective URL: https://www.brookfield.com/our-businesses/renewable-power-transition
Submission: On November 30 via manual from HK — Scanned from DE
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Skip to main content BROOKFIELD Search MAIN NAVIGATION * About Us Evolving to offer the best of both worlds Learn more about the launch of our publicly listed pure-play Alternative Asset Manager Learn More * Who We Are * Our Approach * Global Presence * Leadership * Responsibility 2022 Sustainability Report View Now * Overview * Sustainability Report * Our Net-Zero Commitment * Diversity & Inclusion * Sustainability Reporting * Our Businesses Meet Brookfield Oaktree Wealth Solutions Offering innovative, institutional-caliber investment expertise and solutions for the individual investor. Learn More * Renewable Power & Transition * Infrastructure * Private Equity * Real Estate * Credit * Insurance Solutions * Investors Brookfield 2022 Annual Report View More * Brookfield Corporation * Brookfield Asset Management LISTED AFFILIATES * Brookfield Infrastructure Partners * BIP * BIPC * Brookfield Renewable Partners * BEP * BEPC * Brookfield Business Partners * BBU * BBUC * Brookfield Reinsurance REAL ESTATE PREFERREDS * BPY * BPO FINANCIAL ADVISORS * Brookfield Oaktree Wealth Solutions FUND INVESTORS * Private Funds * Public Securities * Brookfield Corporation * Brookfield Asset Management LISTED AFFILIATES * Brookfield Infrastructure Partners * BIP * BIPC * Brookfield Renewable Partners * BEP * BEPC * Brookfield Business Partners * BBU * BBUC * Brookfield Reinsurance REAL ESTATE PREFERREDS * BPY * BPO * Careers * Overview * Student Programs * Open Opportunities * News & Insights * Insights * Podcasts * Newsroom MAIN NAVIGATION RIGHT * LP Login * Global Choose Language English Français Português Visit Local Site * 中国 * 日本 * 대한민국 * Search * Global Choose Language * English * Français * Português Visit Local Site * 中国 * 日本 * 대한민국 RENEWABLE POWER & TRANSITION RENEWABLE POWER & TRANSITION Overview Overview Sectors Portfolio Highlights Quick Links Quick Links Insights View All Insights -------------------------------------------------------------------------------- Mark Carney: Lowering Carbon Footprint Is a 'Fundamental Driver of Value' ACCC cites energy transition in approving Origin’s $18.7b takeover ACCC approves $18.7bn Origin Energy buyout to ‘accelerate renewables rollout’ Invest PUBLICLY LISTED VEHICLES: Brookfield Renewable Partners Brookfield Renewable Corporation Private Funds Leadership We are one of the world's largest investors in renewable power and climate transition assets, with over 31,000 megawatts of generating capacity. We operate across five continents, managing a diverse portfolio of hydro, wind, solar, distributed energy and sustainable solutions. We use our operating capabilities, scale and global reach to develop and operate a high-quality clean energy portfolio in a responsible manner, helping accelerate the global transition to net zero Our business is underpinned by stable cash flows, with the majority of our power sold to public power authorities, utilities and global businesses under long-term, inflation-linked contracts. ASSETS UNDER MANAGEMENT $ 78 B OPERATING EMPLOYEES 4,000 POWER GENERATING FACILITIES 8,000 + VIDEO THE STATE OF THE TRANSITION Global progress toward the energy transition continues to gain momentum, and investments in the space are growing rapidly. Mark Carney, Chair of Brookfield Asset Management and Head of Transition Investing, shares his thoughts. Learn More BROOKFIELD RENEWABLE 2022 ESG REPORT Learn more about our strategy to accelerate the energy transition in a responsible manner. This report outlines our progress and goals and includes our disclosures against the TCFD recommendations. Read the Report BUSINESS SECTORS HYDRO Our hydro power facilities are perpetual assets, providing reliable clean energy and storage (...) Our hydro power facilities are perpetual assets, providing reliable clean energy and storage capacity to support decarbonizing grids. ~8,100 MW INSTALLED CAPACITY 229 FACILITIES WIND Our growing wind portfolio is diversified across attractive power markets in North America, South (...) Our growing wind portfolio is diversified across attractive power markets in North America, South America, Europe and Asia, both onshore and offshore. ~5,400 MW CAPACITY 105 FACILITIES SOLAR One of the fastest-growing sources of renewable energy, utility-scale solar offers diverse and (...) One of the fastest-growing sources of renewable energy, utility-scale solar offers diverse and scalable applications. ~2,300 MW INSTALLED CAPACITY 88 FACILITIES DISTRIBUTED GENERATION Our on-site solar and storage portfolio offers companies access to power at the point of (...) Our on-site solar and storage portfolio offers companies access to power at the point of consumption, reducing costs, increasing resilience, and contributing to their decarbonization goals. ~1,600 MW DISTRIBUTED GENERATION PORTFOLIO SUSTAINABLE SOLUTIONS This segment offers a range of decarbonization services and assets to energy grids and global (...) This segment offers a range of decarbonization services and assets to energy grids and global businesses, including critical technologies such as pumped storage, hydrogen and carbon capture. ~2,700 MW PUMPED STORAGE PORTFOLIO 15 GW HYDROGEN PROJECT PIPELINE ~3M TONNES PER ANNUM CARBON REMOVALS (by 2023) PORTFOLIO HIGHLIGHTS All Hydro Wind Solar Distributed Generation Sustainable Solutions Expertise in the Full Solar Development Process Urban Grid has a pipeline of approximately 20,000 megawatts of utility-scale solar and energy storage capacity across the U.S. Read More Constructing One of Canada’s Largest Green Hydrogen Projects Gazifère, an Enbridge company, is building a 20 MW electrolyzer to produce zero-emission hydrogen for injection into the local gas grid. Read More Serving Pennsylvania With Hydropower Holtwood’s hydro stations have 296 megawatts of capacity, enough to power more than 100,000 homes each year. Read More The First Wind Repowering Project in New York Using the existing site and towers, we replaced the turbines with the latest technology to increase power output by 30%. Read More A Truly Global Utility-Scale Solar Developer X-Elio has constructed more than 3,000 megawatts of capacity on four continents, with more in development. Read More Generating and Storing Solar Power on a Local Level We own and operate one of the world’s largest distributed solar and onsite storage platforms, with assets across Europe, Asia Pacific, and North and South America. Read More Scaling Up the Deployment of Carbon Capture and Storage Entropy plans to remove and permanently store carbon dioxide from a gas plant in Alberta at a rate of 200,000 tons per year by the end of 2023. Read More Renewable Power for a Cleaner, Brighter Tomorrow TerraForm substantial wind and solar energy assets help Brookfield expand its position as a global leader in renewable power. Read More Expertise in the Full Solar Development Process Urban Grid has a pipeline of approximately 20,000 megawatts of utility-scale solar and energy storage capacity across the U.S. Read More Constructing One of Canada’s Largest Green Hydrogen Projects Gazifère, an Enbridge company, is building a 20 MW electrolyzer to produce zero-emission hydrogen for injection into the local gas grid. Read More Serving Pennsylvania With Hydropower Holtwood’s hydro stations have 296 megawatts of capacity, enough to power more than 100,000 homes each year. Read More The First Wind Repowering Project in New York Using the existing site and towers, we replaced the turbines with the latest technology to increase power output by 30%. Read More A Truly Global Utility-Scale Solar Developer X-Elio has constructed more than 3,000 megawatts of capacity on four continents, with more in development. Read More Generating and Storing Solar Power on a Local Level We own and operate one of the world’s largest distributed solar and onsite storage platforms, with assets across Europe, Asia Pacific, and North and South America. Read More Scaling Up the Deployment of Carbon Capture and Storage Entropy plans to remove and permanently store carbon dioxide from a gas plant in Alberta at a rate of 200,000 tons per year by the end of 2023. Read More Renewable Power for a Cleaner, Brighter Tomorrow TerraForm substantial wind and solar energy assets help Brookfield expand its position as a global leader in renewable power. Read More Expertise in the Full Solar Development Process Urban Grid has a pipeline of approximately 20,000 megawatts of utility-scale solar and energy storage capacity across the U.S. Read More Constructing One of Canada’s Largest Green Hydrogen Projects Gazifère, an Enbridge company, is building a 20 MW electrolyzer to produce zero-emission hydrogen for injection into the local gas grid. Read More Serving Pennsylvania With Hydropower Holtwood’s hydro stations have 296 megawatts of capacity, enough to power more than 100,000 homes each year. Read More The First Wind Repowering Project in New York Using the existing site and towers, we replaced the turbines with the latest technology to increase power output by 30%. Read More Renewable Power for a Cleaner, Brighter Tomorrow TerraForm substantial wind and solar energy assets help Brookfield expand its position as a global leader in renewable power. Read More A Truly Global Utility-Scale Solar Developer X-Elio has constructed more than 3,000 megawatts of capacity on four continents, with more in development. Read More Expertise in the Full Solar Development Process Urban Grid has a pipeline of approximately 20,000 megawatts of utility-scale solar and energy storage capacity across the U.S. Read More Generating and Storing Solar Power on a Local Level We own and operate one of the world’s largest distributed solar and onsite storage platforms, with assets across Europe, Asia Pacific, and North and South America. Read More Scaling Up the Deployment of Carbon Capture and Storage Entropy plans to remove and permanently store carbon dioxide from a gas plant in Alberta at a rate of 200,000 tons per year by the end of 2023. Read More Constructing One of Canada’s Largest Green Hydrogen Projects Gazifère, an Enbridge company, is building a 20 MW electrolyzer to produce zero-emission hydrogen for injection into the local gas grid. Read More SERVING PENNSYLVANIA WITH HYDROPOWER In 2016, we acquired this portfolio of two hydro stations in Pennsylvania with 296 megawatts of capacity, enough to power more than 100,000 homes annually. Holtwood benefits from synergies with our Safe Harbor facility, as well as from stable revenues, long-term operating licenses and a market facing significant coal retirements. THE FIRST WIND REPOWERING PROJECT IN NEW YORK In 2022, we completed the first ever wind repowering project in New York State. Using the existing site and towers, we replaced the turbines with the latest technology to increase power output by 30% with no increase to the site footprint. Blade materials will be repurposed for use in cement manufacturing rather than going into landfill. A TRULY GLOBAL UTILITY-SCALE SOLAR DEVELOPER In 2019 we invested in X-Elio, gaining co-control of a global utility-scale solar developer that has constructed more than 3,000 megawatts of capacity on four continents. The company is accelerating its growth plans globally, with approximately 10,000 megawatts in its development pipeline and major projects in construction in places such as Australia, Spain, Italy, Japan, Chile and the United States. EXPERTISE IN THE FULL SOLAR DEVELOPMENT PROCESS In 2022, we acquired clean power developer, Urban Grid, and its pipeline of approximately 20,000 megawatts of utility-scale solar and energy storage capacity across the United States. The business came with significant track record and expertise in the full solar development process, from site acquisition through to interconnection, permitting and commercialization. GENERATING AND STORING SOLAR POWER ON A LOCAL LEVEL We own and operate one of the world’s largest distributed solar and onsite storage platforms, with assets across Europe, Asia-Pacific, and North and South America. This portfolio of 5,000 MW includes projects like the 4.5-megawatt distributed solar generation system at a California high school that utilizes both rooftop and parking canopy shade systems in order to locally generate solar power. SCALING UP THE DEPLOYMENT OF CARBON CAPTURE AND STORAGE In 2022, we announced a strategic investment in Entropy to scale up its market-leading, low-cost carbon capture services business. The business will initially focus on the North American markets, utilizing financial incentives from carbon pricing mechanisms. The Glacier Phase 1 project, commissioned by Entropy in June 2022, will remove and permanently store carbon dioxide from a gas plant in Alberta at a rate of 47,000 tonnes per annum and will scale up to approximately 200,000 tonnes per annum by the end of 2023. CONSTRUCTING ONE OF CANADA’S LARGEST GREEN HYDROGEN PROJECTS In 2021 we announced a partnership with Gazifère Inc, an Enbridge company, to construct one of Canada’s largest green hydrogen projects. A 20 MW electrolyzer will be built adjacent to an existing hydroelectric facility to produce zero emission hydrogen for injection into the local gas grid. Link copied to clipboard! 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