Brookfield Renewable Partners Optimizes Capital with Series 7 Preferred Unit Redemption
Toronto, Saturday, 3 January 2026.
Brookfield Renewable will redeem all outstanding Series 7 Preferred Units for C$175 million on January 31, 2026, leveraging available liquidity to strategically refine its balance sheet.
Transaction Mechanics and Timeline
On January 2, 2026, Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) confirmed that it will proceed with the redemption of all outstanding Class A Preferred Limited Partnership Units, Series 7 (TSX: BEP.PR.G) [1]. The transaction is scheduled to close on January 31, 2026, at which point the partnership will pay a redemption price of C$25.00 per unit [1]. This capital allocation represents a total aggregate cost of C$175 million, which the company intends to fund entirely through its currently available liquidity [1].
Implications for Investors
For current investors, the redemption process includes a final yield component before the equity instruments are retired. Holders of record as of January 15, 2026, are entitled to receive the previously declared final quarterly distribution [1]. This payment is set at C$0.34375 per Series 7 Preferred Unit [1]. Consequently, an investor holding the unit through the redemption date effectively secures a total cash value of 25.344 per unit, combining the redemption capital with the final dividend payment.
Strategic Portfolio Management
This move to streamline the equity structure aligns with the broader operational scale of Brookfield Renewable, which serves as the flagship renewable power and transition company for Brookfield Asset Management [1]. The partnership operates a massive global platform with over 35,000 megawatts of operating capacity, encompassing hydroelectric, wind, utility-scale solar, and storage facilities across North America, South America, Europe, and Asia [2]. By utilizing liquid assets to retire the Series 7 units, Brookfield Renewable is effectively optimizing its balance sheet and reducing future preferred equity obligations [1].