Brookfield Renewable issues US$475 million project-level green bond.

Brookfield Renewable Partners yesterday announced the issuance of its inaugural green bond, a US$475 million project financing secured against its 380MW White Pine hydroelectric portfolio in Maine.

The non-amortizing, 4.4% green bond due in 2032 was issued by way of private placement. Citing Brookfield Renewable’s environmental stewardship, commitment to renewable power, and use of proceeds towards renewable power generation, the green bond received an E-1 Green Evaluation score from S&P – the highest on its scale.

As one of the largest owners and operators of renewable power plants globally, the issuance of this green bond reflects Brookfield Renewable’s commitment to supporting sustainability and the path to a low-carbon economy.

The green bond was sold on a private placement basis in Canada and in the United States, and was not registered under the securities laws of any jurisdiction. Accordingly, these securities are subject to restrictions on transferability and may not be resold except as permitted under applicable law. This press release does not constitute an offer to sell or a solicitation of an offer to buy any such securities in any jurisdiction.

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