Brookfield Renewable Partners (BEP) 20-F 29 Feb 24 2023 FY Annual report (foreign) Financial data

Cover

Cover	12 Months Ended
	Dec. 31, 2023 shares
Entity Information [Line Items]
Document Type	20-F
Document Registration Statement	false
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Document Shell Company Report	false
Entity File Number	001-35530
Entity Registrant Name	BROOKFIELD RENEWABLE PARTNERS L.P.
Entity Incorporation, State or Country Code	D0
Entity Address, Address Line One	73 Front Street
Entity Address, Address Line Two	5th Floor
Entity Address, City or Town	Hamilton
Entity Address, Postal Zip Code	HM 12
Entity Address, Country	BM
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Document Accounting Standard	International Financial Reporting Standards
Entity Shell Company	false
Entity Central Index Key	0001533232
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Limited Partnership Units
Entity Information [Line Items]
Title of 12(b) Security	Limited Partnership Units
Trading Symbol	BEP
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding	287,164,340
Class A Preferred Limited Partnership Units, Series 17
Entity Information [Line Items]
Title of 12(b) Security	Class A Preferred Limited Partnership Units, Series 17
Trading Symbol	BEP PR A
Security Exchange Name	NYSE
4.625% Perpetual Subordinated - Notes
Entity Information [Line Items]
Title of 12(b) Security	4.625% Perpetual Subordinated - Notes
Trading Symbol	BEPH
Security Exchange Name	NYSE
4.875% Perpetual Subordinated - Notes
Entity Information [Line Items]
Title of 12(b) Security	4.875% Perpetual Subordinated - Notes
Trading Symbol	BEPI
Security Exchange Name	NYSE
Series 7 Preferred Units
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding	7,000,000
Series 13 Preferred Units
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding	10,000,000
Series 15 Preferred Units
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding	7,000,000
Series 17 Preferred Units
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding	8,000,000
Series 18 Preferred Units
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding	6,000,000
Business Contact
Entity Information [Line Items]
Entity Address, Address Line One	73 Front Street
Entity Address, Address Line Two	5th Floor
Entity Address, City or Town	Hamilton
Entity Address, Postal Zip Code	HM 12
Entity Address, Country	BM
Contact Personnel Name	Jane Sheere
City Area Code	441
Local Phone Number	294-3304
Contact Personnel Email Address	enquiries@brookfieldrenewable.com

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2023
Audit Information [Abstract]
Auditor Name	Ernst & Young LLP
Auditor Location	Toronto, Canada
Auditor Firm ID	1263

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 1,141	$ 998
Restricted cash	310	139
Trade receivables and other current assets	1,517	1,860
Financial instrument assets	199	125
Due from related parties	1,443	123
Assets held for sale	0	938
Total current assets	4,610	4,183
Financial instrument assets	1,768	1,500
Equity-accounted investments	2,546	1,392
Property, plant and equipment, at fair value	64,005	54,283
Goodwill	1,944	1,526
Deferred income tax assets	244	176
Other long-term assets	1,011	1,051
Total assets	76,128	64,111
Current liabilities
Accounts payable and accrued liabilities	1,539	1,086
Financial instrument liabilities	687	559
Due to related parties	835	588
Corporate borrowings	183	249
Non-recourse borrowings	4,752	2,027
Provisions	42	83
Liabilities directly associated with assets held for sale	0	351
Total current liabilities	8,038	4,943
Financial instrument liabilities	2,433	1,670
Corporate borrowings	2,650	2,299
Non-recourse borrowings	22,117	20,275
Deferred income tax liabilities	7,174	6,507
Provisions	1,268	600
Due to related parties	705	1
Other long-term liabilities	1,764	1,530
Equity
Preferred limited partners’ equity	760	760
Limited partners’ equity	3,963	4,096
Total Equity	29,979	26,286
Total Liabilities and Equity	76,128	64,111
Non-controlling interest
Current assets
Cash and cash equivalents	686	596
Property, plant and equipment, at fair value	33,879	26,312
Equity
Total Equity	25,256	21,430
Participating non-controlling interests – in operating subsidiaries
Equity
Non-controlling interests	18,863	14,755
Total Equity	18,863	14,755
General partnership interest in a holding subsidiary held by Brookfield
Equity
Non-controlling interests	55	59
Total Equity	55	59
Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield
Equity
Non-controlling interests	2,684	2,892
Total Equity	2,684	2,892
BEPC exchangeable shares
Equity
Non-controlling interests	2,479	2,561
Total Equity	2,479	2,561
Preferred equity
Equity
Non-controlling interests	583	571
Total Equity	583	571
Perpetual subordinated notes
Equity
Non-controlling interests	592	592
Total Equity	$ 592	$ 592

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Consolidated Statment of Income (Loss) [line items]
Revenues		$ 5,038	$ 4,711	$ 4,096
Other income		671	136	304
Direct operating costs	[1]	(1,933)	(1,434)	(1,365)
Management service costs		(205)	(243)	(288)
Interest expense		(1,627)	(1,224)	(981)
Share of net income		186	96	22
Foreign exchange and financial instruments gain (loss)		502	(133)	(32)
Depreciation		(1,852)	(1,583)	(1,501)
Other		(212)	(190)	(307)
Income tax recovery (expense)
Current		(128)	(148)	(43)
Deferred		176	150	29
Total income tax recovery (expense)		48	2	(14)
Net income (loss)		616	138	(66)
Net income (loss) attributable to:
Preferred limited partners’ equity		41	44	55
Limited partners’ equity		(91)	(166)	(191)
Net income (loss)		$ 616	$ 138	$ (66)
Basic (loss) earnings per LP Unit (in USD per share)		$ (0.32)	$ (0.60)	$ (0.69)
Diluted (loss) earnings per LP Unit (in USD per share)		$ (0.32)	$ (0.60)	$ (0.69)
Non-controlling interest
Consolidated Statment of Income (Loss) [line items]
Revenues		$ 2,446	$ 2,263	$ 1,844
Other income		340	(137)	14
Direct operating costs		(987)	(594)	(600)
Management service costs		0	0	0
Interest expense		(915)	(647)	(471)
Income tax recovery (expense)
Current		(95)	(99)	(24)
Participating non-controlling interests – in operating subsidiaries
Income tax recovery (expense)
Net income (loss)		619	334	209
Net income (loss) attributable to:
Net income allocated to non-controlling interests		619	334	209
Net income (loss)		619	334	209
General partnership interest in a holding subsidiary held by Brookfield
Income tax recovery (expense)
Net income (loss)		111	92	77
Net income (loss) attributable to:
Net income allocated to non-controlling interests		111	92	77
Net income (loss)		111	92	77
Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield
Income tax recovery (expense)
Net income (loss)		(63)	(117)	(135)
Net income (loss) attributable to:
Net income allocated to non-controlling interests		(63)	(117)	(135)
Net income (loss)		(63)	(117)	(135)
BEPC exchangeable shares
Income tax recovery (expense)
Net income (loss)		(57)	(104)	(119)
Net income (loss) attributable to:
Net income allocated to non-controlling interests		(57)	(104)	(119)
Net income (loss)		(57)	(104)	(119)
Preferred equity
Income tax recovery (expense)
Net income (loss)		27	26	26
Net income (loss) attributable to:
Net income allocated to non-controlling interests		27	26	26
Net income (loss)		27	26	26
Perpetual subordinated notes
Income tax recovery (expense)
Net income (loss)		29	29	12
Net income (loss) attributable to:
Net income allocated to non-controlling interests		29	29	12
Net income (loss)		$ 29	$ 29	$ 12
[1] Direct operating costs exclude depreciation expense disclosed below.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Consolidated Statement Of Comprehensive Income [line items]
Net income (loss)	$ 616	$ 138	$ (66)
Other comprehensive income that will not be reclassified to net income
Revaluations of property, plant and equipment	(133)	3,745	4,573
Actuarial (loss) gain on defined benefit plans	(12)	21	30
Deferred income taxes on above items	81	(852)	(1,170)
Unrealized gain (loss) on investments in equity securities	2	(11)	3
Equity-accounted investments	154	(35)	184
Total items that will not be reclassified to net income	92	2,868	3,620
Other comprehensive income that may be reclassified to net income
Foreign currency translation	1,317	(647)	(859)
Gains (losses) arising during the year on financial instruments designated as cash-flow hedges	252	175	(64)
Gain (loss) on foreign exchange swaps – net investment hedge	(128)	63	64
Reclassification adjustments for amounts recognized in net income	(108)	148	43
Deferred income taxes on above items	(13)	(87)	(2)
Equity-accounted investments	8	(30)	(36)
Total items that may be reclassified subsequently to net income	1,328	(378)	(854)
Other comprehensive income	1,420	2,490	2,766
Comprehensive income	2,036	2,628	2,700
Comprehensive income attributable to:
Preferred limited partners’ equity	41	44	55
Limited partners’ equity	(72)	381	628
Participating non-controlling interests – in operating subsidiaries
Consolidated Statement Of Comprehensive Income [line items]
Net income (loss)	619	334	209
Other comprehensive income that may be reclassified to net income
Other comprehensive income	1,364	1,248	839
Comprehensive income attributable to:
Non-controlling interests	1,983	1,582	1,048
General partnership interest in a holding subsidiary held by Brookfield
Consolidated Statement Of Comprehensive Income [line items]
Net income (loss)	111	92	77
Other comprehensive income that may be reclassified to net income
Other comprehensive income	0	8	12
Comprehensive income attributable to:
Non-controlling interests	111	100	89
Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield
Consolidated Statement Of Comprehensive Income [line items]
Net income (loss)	(63)	(117)	(135)
Other comprehensive income that may be reclassified to net income
Other comprehensive income	13	387	579
Comprehensive income attributable to:
Non-controlling interests	(50)	270	444
BEPC exchangeable shares
Consolidated Statement Of Comprehensive Income [line items]
Net income (loss)	(57)	(104)	(119)
Other comprehensive income that may be reclassified to net income
Other comprehensive income	12	342	513
Comprehensive income attributable to:
Non-controlling interests	(45)	238	394
Preferred equity
Consolidated Statement Of Comprehensive Income [line items]
Net income (loss)	27	26	26
Other comprehensive income that may be reclassified to net income
Other comprehensive income	12	(42)	4
Comprehensive income attributable to:
Non-controlling interests	39	(16)	30
Perpetual subordinated notes
Consolidated Statement Of Comprehensive Income [line items]
Net income (loss)	29	29	12
Comprehensive income attributable to:
Non-controlling interests	$ 29	$ 29	$ 12

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Millions	Total	Total limited partners’ equity	Limited partners’ equity	Foreign currency translation	Revaluation surplus	Actuarial losses on defined benefit plans	Cash flow hedges	Investments in equity securities	Preferred limited partners’ equity	Preferred equity	Perpetual subordinated notes	BEPC exchangeable shares	Participating non-controlling interests – in operating subsidiaries	General partnership interest in a holding subsidiary held by Brookfield	Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield
Beginning balance at Dec. 31, 2020	$ 21,767	$ 3,845	$ (988)	$ (720)	$ 5,595	$ (6)	$ (39)	$ 3	$ 1,028	$ 609	$ 0	$ 2,408	$ 11,100	$ 56	$ 2,721
Net income (loss)	(66)	(191)	(191)						55	26	12	(119)	209	77	(135)
Other comprehensive income (loss)	2,766	819		(116)	938	7	(11)	1		4		513	839	12	579
Issuance of perpetual subordinated notes	592										592
Capital contributions	1,121												1,121
Redemption of Preferred LP Units	(147)
Disposals	(395)		38		(38)								(395)
Distributions or dividends declared	(1,769)	(335)	(335)						(55)	(26)	(12)	(209)	(810)	(85)	(237)
Distribution reinvestment plan	9	9	9
Other	118	(55)	(49)	(6)	(1)	(1)	2					(31)	239	(1)	(34)
Change in year	2,229	247	(528)	(122)	899	6	(9)	1	(147)	4	592	154	1,203	3	173
Ending balance at Dec. 31, 2021	23,996	4,092	(1,516)	(842)	6,494	0	(48)	4	881	613	592	2,562	12,303	59	2,894
Net income (loss)	138	(166)	(166)						44	26	29	(104)	334	92	(117)
Other comprehensive income (loss)	2,490	547		(1)	480	4	67	(3)		(42)		342	1,248	8	387
Equity issuance (Note 14, 16, 28)	115								115
Capital contributions	2,131												2,131
Redemption of Preferred LP Units	(236)								(236)
Disposals	(75)		14		(14)								(75)
Distributions or dividends declared	(2,299)	(355)	(355)						(44)	(26)	(29)	(220)	(1,275)	(100)	(250)
Distribution reinvestment plan	9	9	9
Other	17	(31)	116	(2)	(143)		(2)					(19)	89		(22)
Change in year	2,290	4	(382)	(3)	323	4	65	(3)	(121)	(42)	0	(1)	2,452	0	(2)
Ending balance at Dec. 31, 2022	26,286	4,096	(1,898)	(845)	6,817	4	17	1	760	571	592	2,561	14,755	59	2,892
Net income (loss)	616	(91)	(91)						41	27	29	(57)	619	111	(63)
Other comprehensive income (loss)	1,420	19		147	(143)	(3)	18			12		12	1,364	0	13
Equity issuance (Note 14, 16, 28)	630	390	390									240
LP Units purchased for cancellation	(43)	(43)	(43)
Capital contributions	2,993												2,993
Acquisitions through business combinations	414												414
Return of capital	(140)												(140)
Disposals	(449)		12		(12)								(449)
Distributions or dividends declared	(2,530)	(383)	(383)						(41)	(27)	(29)	(241)	(1,428)	(116)	(265)
Ownership changes	21	21	113	16	(107)		(1)
Distribution reinvestment plan	8	8	8
Other	753	(54)	(226)	(19)	188	1	2					(36)	735	1	107
Change in year	3,693	(133)	(220)	144	(74)	(2)	19	0	0	12	0	(82)	4,108	(4)	(208)
Ending balance at Dec. 31, 2023	$ 29,979	$ 3,963	$ (2,118)	$ (701)	$ 6,743	$ 2	$ 36	$ 1	$ 760	$ 583	$ 592	$ 2,479	$ 18,863	$ 55	$ 2,684

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating activities
Net income (loss)	$ 616	$ 138	$ (66)
Adjustments for the following non-cash items:
Depreciation	1,852	1,583	1,501
Unrealized foreign exchange and financial instrument (gain) loss	(492)	258	122
Share of earnings from equity-accounted investments	(186)	(96)	(22)
Deferred income tax recovery	(176)	(150)	(29)
Other non-cash items	(282)	102	(136)
Dividends received from equity-accounted investments	58	89	78
Cash flows from (used in) operations before changes in related parties and working capital balances	1,390	1,924	1,448
Changes in due to or from related parties	7	(19)	2
Net change in working capital balances	468	(194)	(716)
Cash flows from (used in) operating activities	1,865	1,711	734
Financing activities
Proceeds from medium-term notes	293	296	0
Commercial paper, net	(65)	249	(3)
Proceeds from non-recourse borrowings	8,316	9,547	6,877
Repayment of non-recourse borrowings	(6,037)	(6,310)	(3,678)
Capital contributions from participating non-controlling interests – in operating subsidiaries	2,593	1,863	1,200
Capital repaid to participating non-controlling interests – in operating subsidiaries	(248)	(75)	(511)
Issuance of equity instruments and related costs	630	115	592
Redemption and repurchase of equity instruments	(43)	(252)	(153)
Distributions paid:
To participating non-controlling interests – in operating subsidiaries, preferred shareholders, preferred limited partners unitholders, and perpetual subordinate notes	(967)	(1,372)	(900)
To unitholders of Brookfield Renewable or BRELP and shareholders of Brookfield Renewable Corporation	(990)	(915)	(854)
Borrowings from related party	670	1,470	1,188
Repayments to related party	(1,556)	(1,127)	(1,615)
Cash flows from (used in) financing activities	2,596	3,489	2,143
Investing activities
Acquisitions, net of cash and cash equivalents, in acquired entity	(791)	(2,452)	(1,426)
Investment in equity-accounted investments	(725)	(236)	(54)
Investment in property, plant and equipment	(2,809)	(2,190)	(1,967)
Proceeds from disposal of assets, net of cash and cash equivalents disposed	217	140	827
Purchase of financial assets	(644)	(492)	(58)
Proceeds from financial assets	431	70	220
Restricted cash and other	(35)	94	(86)
Cash flows from (used in) investing activities	(4,356)	(5,066)	(2,544)
Foreign exchange (loss) gain on cash	38	(28)	(35)
Cash and cash equivalents increase	143	106	298
Net change in cash classified within assets held for sale	0	(8)	(5)
Balance, beginning of year	998	900	607
Balance, end of year	1,141	998	900
Supplemental cash flow information:
Interest paid	1,353	1,138	877
Interest received	112	37	45
Income taxes paid	$ 194	$ 112	$ 71

BASIS OF PREPARATION AND MATERI

BASIS OF PREPARATION AND MATERIAL ACCOUNTING POLICY INFORMATION	12 Months Ended
	Dec. 31, 2023
Basis Of Preparation And Significant Accounting Policies Abstract [Abstract]
BASIS OF PREPARATION AND MATERIAL ACCOUNTING POLICY INFORMATION	BASIS OF PREPARATION AND MATERIAL ACCOUNTING POLICY INFORMATION (a) Statement of compliance The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). The accounting policies used in the consolidated financial statements are based on the IFRS applicable as at December 31, 2023, which encompass individual IFRS, International Accounting Standards (“IAS”), and interpretations made by the International Financial Reporting Interpretations Committee (“IFRIC”) and the Standard Interpretations Committee (“SIC”). The policies set out below are consistently applied to all periods presented, unless otherwise noted. These consolidated financial statements have been authorized for issuance by the Board of Directors of Brookfield Renewable’s general partner, BRPL, on February 29, 2024. Certain comparative figures have been reclassified to conform to the current year’s presentation. References to $, C$, €, £, R$, COP, INR, and CNY are to United States (“U.S.”) dollars, Canadian dollars, Euros, British pound, Brazilian reais, Colombian pesos, Indian rupees, and Chinese yuan, respectively. All figures are presented in millions of U.S. dollars unless otherwise noted. (b) Basis of preparation The consolidated financial statements have been prepared on the basis of historical cost, except for the revaluation of property, plant and equipment and certain assets and liabilities which have been measured at fair value. Cost is recorded based on the fair value of the consideration given in exchange for assets. (c) Consolidation These consolidated financial statements include the accounts of Brookfield Renewable and its subsidiaries, which are the entities over which Brookfield Renewable has control. An investor controls an investee when it is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Non-controlling interests in the equity of Brookfield Renewable’s subsidiaries are shown separately in equity in the consolidated statements of financial position. Brookfield Renewable has entered into a voting agreement with Brookfield, which provides Brookfield Renewable with control of the general partner of BRELP. Accordingly, Brookfield Renewable consolidates the accounts of BRELP and its subsidiaries. In addition, BRELP issued redeemable/exchangeable limited partnership units to Brookfield (“Redeemable/Exchangeable partnership units”), pursuant to which the holder may, at its request, require BRELP to redeem the Redeemable/Exchangeable partnership units for cash consideration. This right is subject to Brookfield Renewable’s right of first refusal which entitles it, at its sole discretion, to elect to acquire all of the Redeemable/Exchangeable partnership units so presented to BRELP that are tendered for redemption in exchange for LP units on a one-for-one basis. As Brookfield Renewable, at its sole discretion, has the right to settle the obligation with LP units, the Redeemable/Exchangeable partnership units are classified as equity of Brookfield Renewable (“Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable Units held by Brookfield”). Brookfield Renewable has entered into voting agreements with Brookfield, whereby Brookfield Renewable gained control of the entities that own certain renewable power generating operations. Brookfield Renewable has also entered into a voting agreement with its consortium partners in respect of its Colombian operations. These voting agreements provide Brookfield Renewable the authority to direct the election of the Boards of Directors of the relevant entities, among other things, and therefore provide Brookfield Renewable with control. Accordingly, Brookfield Renewable consolidates the accounts of these entities. Refer to Note 28 – Related party transactions for further information. For entities previously controlled by Brookfield Corporation, the voting agreements entered into do not represent business combinations in accordance with IFRS 3, Business Combinations (“IFRS 3”), as all combining businesses are ultimately controlled by Brookfield Corporation both before and after the transactions were completed. Brookfield Renewable accounts for these transactions involving entities under common control in a manner similar to a pooling of interest, which requires the presentation of pre-voting agreement financial information as if the transactions had always been in place. Refer to Note 1(s)(ii) – Critical judgments in applying accounting policies – Common control transactions for Brookfield Renewable’s policy on accounting for transactions under common control. Equity-accounted investments Equity-accounted investments are entities over which Brookfield Renewable has significant influence or joint arrangements representing joint ventures. Significant influence is the ability to participate in the financial and operating policy decisions of the investee, but without controlling or jointly controlling those investees. Such investments are accounted for using the equity method. A joint venture is a type of joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the joint venture. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require unanimous consent of the parties sharing control. Brookfield Renewable accounts for its interests in joint ventures using the equity method. Under the equity method, the carrying value of an interest in an investee is initially recognized at cost and adjusted for Brookfield Renewable’s share of net income, other comprehensive income (“OCI”), distributions by the equity-accounted investment and other adjustments to Brookfield Renewable’s proportionate interest in the investee. (d) Foreign currency translation All figures reported in the consolidated financial statements and tabular disclosures to the consolidated financial statements are reflected in millions of U.S. dollars, which is the functional currency of Brookfield Renewable. Each of the foreign operations included in these consolidated financial statements determines its own functional currency, and items included in the financial statements of each subsidiary are measured using that functional currency. Assets and liabilities of foreign operations having a functional currency other than the U.S. dollar are translated at the rate of exchange prevailing at the reporting date and revenues and expenses at the rate of exchange prevailing at the dates of the transactions during the period. Gains or losses on translation of foreign subsidiaries are included in OCI. Gains or losses on foreign currency denominated balances and transactions that are designated as hedges of net investments in these operations are reported in the same manner. In preparing the consolidated financial statements of Brookfield Renewable, foreign currency denominated monetary assets and liabilities are translated into the functional currency using the closing rate at the applicable consolidated statement of financial position dates. Non-monetary assets and liabilities denominated in a foreign currency and measured at fair value are translated at the rate of exchange prevailing at the date when the fair value was determined and non-monetary assets and liabilities measured at historical cost are translated at the historical rate. Revenues and expenses are measured in the functional currency at the rates of exchange prevailing at the dates of the transactions with gains or losses included in income. (e) Cash and cash equivalents Cash and cash equivalents include cash, term deposits and money market instruments with original maturities of less than 90 days. (f) Restricted cash Restricted cash includes cash and cash equivalents, where the availability of funds is restricted primarily by credit and construction agreements. (g) Property, plant and equipment and revaluation method Power generating assets are classified as property, plant and equipment and are accounted for using the revaluation method under IAS 16 – Property, Plant and Equipment (“IAS 16”). Property, plant and equipment are initially measured at cost and subsequently carried at their revalued amount, being the fair value at the date of the revaluation, less any subsequent accumulated depreciation and any subsequent accumulated impairment losses. Brookfield Renewable generally determines the fair value of its property, plant and equipment by using 20-year discounted cash flow model for hydroelectric assets and the estimated remaining useful life for other technologies. This model incorporates future cash flows from long-term power purchase agreements that are in place where it is determined that the power purchase agreements are linked specifically to the related power generating assets. The model also includes estimates of future electricity prices, anticipated long-term average generation, estimated operating and capital expenditures, terminal values and assumptions about future inflation rates and discount rates by geographical location. Construction work-in-progress (“CWIP”) is revalued when sufficient information exists to determine fair value using the discounted cash flow method. Revaluations are made on an annual basis as at December 31 to ensure that the carrying amount does not differ significantly from fair value. For power generating assets acquired through business combinations, Brookfield Renewable initially measures the assets at fair value on the acquisition date, consistent with the policy described in Note 1(o) – Business combinations, with no revaluation at year-end in the year of acquisition unless there is external evidence specific to those assets that would indicate the carrying value of the asset has either increased or decreased materially. Where the carrying amount of an asset increased as a result of a revaluation, the increase is recognized in income to the extent the increase reverses a previously recognized decrease recorded through income, with the remainder of the increase recognized in OCI and accumulated in equity under revaluation surplus and non-controlling interest. When the carrying amount of an asset decreases, the decrease is recognized in OCI to the extent that a balance exists in revaluation surplus with respect to the asset, with the remainder of the decrease recognized in income. Depreciation on power generating assets is calculated on a straight-line basis over the estimated service lives of the assets, which are as follows: Estimated service lives Dams Up to 115 years Penstocks Up to 60 years Powerhouses Up to 115 years Hydroelectric generating units Up to 115 years Wind generating units Up to 30 years Solar generating units Up to 35 years Gas-fired cogenerating (“Cogeneration”) units Up to 40 years Other assets Up to 60 years Costs are allocated to significant components of property, plant and equipment. When items of property, plant and equipment have different useful lives, they are accounted for as separate items (significant components) and depreciated separately. To ensure the accuracy of useful lives and residual values, a review is conducted annually. Depreciation is calculated based on the fair value of the asset less its residual value. Depreciation commences when the asset is in the location and conditions necessary for it to be capable of operating in the manner intended by management. It ceases at the earlier of the date the asset is classified as held-for-sale and the date the asset is derecognized. An item of property, plant and equipment and any significant component is derecognized upon disposal or when no future economic benefits are expected from its use. Other assets include equipment, buildings and leasehold improvements. Buildings, furniture and fixtures, leasehold improvements and office equipment are recorded at historical cost, less accumulated depreciation. Land and CWIP are not subject to depreciation. The depreciation of property, plant and equipment in Brazil is based on the duration of the authorization or the useful life of a concession asset. The weighted-average remaining duration at December 31, 2023 is 34 years (2022: 35 years). Since land rights are part of the concession or authorization, this cost is also subject to depreciation. Any accumulated depreciation at the date of revaluation is eliminated against the gross carrying amount of the asset, and the net amount is applied to the revalued amount of the asset. Gains and losses on disposal of an item of property, plant and equipment of operating assets are recognized in Other income and Other in the consolidated statements of income (loss), respectively. The revaluation surplus is reclassified within the respective components of equity and not reclassified to net income when the assets are disposed. (h) Leases At inception of a contract, Brookfield Renewable assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, Brookfield Renewable assesses whether: • the contract specified explicitly or implicitly the use of an identified asset, and that is physically distinct or represents substantially all of the capacity of a physically distinct asset. If the supplier has a substantive substitution right, then the asset is not identified; • Brookfield Renewable has the right to obtain substantially all of the economic benefits from use of the asset throughout the period of use; and Brookfield Renewable has the right to direct the use of the asset. Brookfield Renewable has this right when it has the decision-making rights that are most relevant to changing how and for what purpose the asset is used. In rare cases where the decisions about how and for what purpose the asset is used are predetermined, Brookfield Renewable has the right to direct the use of the asset if either: ◦ Brookfield Renewable has the right to operate the asset (or to direct others to operate the asset in a manner that it determines) throughout the period of use, without the supplier having the right to change those operating instructions; or ◦ Brookfield Renewable designed the asset in a way that predetermines how and for what purpose it will be used. At inception or on reassessment of a contract that contains a lease component, Brookfield Renewable allocates the consideration in the contract to each lease component on the basis of their relative stand-alone prices. However, for the leases of land and buildings in which it is a lessee, Brookfield Renewable has elected not to separate non-lease components and, therefore, accounts for the lease and non-lease components as a single lease component. Brookfield Renewable recognizes a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying asset or to restore the underlying asset or the site on which it is located, less any lease incentives received. The right-of use asset is subsequently depreciated using the straight-line method from the commencement date to the earlier of the end of the useful lives of the right-of-use asset or the end of the lease term. The estimated useful lives of right-of-use assets are determined on the same basis as those of property, plant and equipment. In addition, the right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease liability. The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, Brookfield Renewable’s incremental borrowing rate. Generally, Brookfield Renewable uses its incremental borrowing rate as the discount rate. Lease payments included in the measurement of the lease liability comprise the following: • Fixed payments, including in-substance fixed payments; • Variable lease payments that depend on an index or a rate, initially measured using the index or rate as at the commencement date; • Amounts expected to be payable under a residual value guarantee; and • The exercise price under a purchase option that Brookfield Renewable is reasonably certain to exercise, lease payments in an optional renewable period if Brookfield Renewable is reasonably certain to exercise an extension option, and penalties for early termination of a lease unless Brookfield Renewable is reasonably certain not to terminate early The lease liability is measured at amortized cost using the effective interest method. It is remeasured when there is a change in future lease payments arising from a change in an index or rate, if there is a change in Brookfield Renewable’s estimate of the amount expected to be payable under a residual value guarantee, or if Brookfield Renewable changes its assessment of whether it will exercise a purchase, extension or termination option. When the lease liability is remeasured in this way, a corresponding adjustment is made either to the carrying amount of the right-of-use asset or, when the adjustment is a reduction to the right-of-use asset, is recorded in the consolidated statements of income (loss) if the carrying amount of the right-of-use asset has been reduced to nil. Brookfield Renewable presents right-of-use assets in property, plant and equipment and lease liabilities in other long-term liabilities in the consolidated statements of financial position. Brookfield Renewable has elected not to recognize right-of-use assets and lease liabilities for short-term leases that have a lease term of twelve months or less and leases of low-value assets. Brookfield Renewable recognizes the lease payments associated with these leases as an expense on a straight-line basis over the lease term. (i) Goodwill Goodwill represents the excess of the price paid for the acquisition of an entity over the fair value of the net tangible and intangible assets and liabilities acquired. Goodwill is allocated to the cash generating unit or units (“CGU”) to which it relates. Brookfield Renewable identifies CGU as identifiable groups of assets that are largely independent of the cash inflows from other assets or groups of assets. Goodwill is evaluated for impairment annually or more often if events or circumstances indicate there may be impairment. Impairment is determined for goodwill by assessing if the carrying value of a CGU, including the allocated goodwill, exceeds its recoverable amount determined as the greater of the estimated fair value less costs of disposal or the value in use. Impairment losses recognized in respect of a CGU are first allocated to the carrying value of goodwill and any excess is allocated to the carrying amount of assets in the CGU. Any goodwill impairment is charged to profit or loss in the period in which the impairment is identified. Impairment losses on goodwill are not subsequently reversed. In the year of a business acquisition, the recoverability of the acquired goodwill is assessed by revisiting the assumptions of the related underwriting model. On disposal of a subsidiary, the attributable amount of goodwill is included in the determination of the gain or loss on disposal of the operation. (j) Asset impairment At each statement of financial position date, Brookfield Renewable assesses whether for non-financial assets there is any indication that such assets are impaired. This assessment includes a review of internal and external factors which includes, but is not limited to, changes in the technological, political, economic or legal environment in which the entity operates in, structural changes in the industry, changes in the level of demand, physical damage and obsolescence due to technological changes. An impairment is recognized if the recoverable amount, determined as the higher of the estimated fair value less costs of disposal or the discounted future cash flows generated from use and eventual disposal from an asset or CGU is less than its carrying value. For non-financial assets (including equity-accounted investments), an impairment is recognized if the recoverable amount, determined as the greater of the estimated fair value, less costs to sell, and the discounted future cash flows generated from use and eventual disposal of an asset or CGU, is less than its carrying value. The projections of future cash flows take into account the relevant operating plans and management’s best estimate of the most probable set of conditions anticipated to prevail. Where an impairment loss subsequently reverses, the carrying amount of the asset or CGU is increased to the lesser of the revised estimate of recoverable amount and the carrying amount that would have been recorded had no impairment loss been recognized previously. (k) Trade receivables and other current assets Trade receivables and other current assets are recognized initially at fair value, and subsequently measured at amortized cost using the effective interest method, less any provision for expected credit losses. (l) Financial instruments Initial recognition Under IFRS 9 – Financial Instruments (“IFRS 9”), regular purchases and sales of financial assets are recognized on the trade date, being the date on which Brookfield Renewable commits to purchase or sell the asset. Financial assets are derecognized when the rights to receive cash flows from the financial assets have expired or have been transferred and Brookfield Renewable has transferred substantially all the risks and rewards of ownership. At initial recognition, Brookfield Renewable measures a financial asset at its fair value. In the case of a financial asset not categorized as fair value through profit and loss (“FVPL”), transaction costs that are directly attributable to the acquisition of the financial asset are included at initial recognition. Transaction costs of financial assets carried at FVPL are expensed in income. Classification and measurement Subsequent measurement of financial assets depends on Brookfield Renewable’s business objective for managing the asset and the cash flow characteristics of the asset. There are three measurement categories into which Brookfield Renewable classifies its financial assets: Amortized cost – Financial assets held for collection of contractual cash flows that represent solely payments of principal and interest are measured at amortized cost. Interest income is recognized as other income in the financial statements, and gains/losses are recognized in income when the asset is derecognized or impaired. FVOCI – Financial assets held to achieve a particular business objective other than short-term trading are designated at fair value through other comprehensive income (“FVOCI”). For equity instruments designated at FVOCI, there is no recycling of gains or losses through income. Upon derecognition of the asset, accumulated gains or losses are transferred from OCI directly to retained earnings. FVPL – Financial assets that do not meet the criteria for amortized cost or FVOCI are measured at FVPL. Gains or losses on these types of assets are recognized in income. Brookfield Renewable assesses on a forward-looking basis the expected credit losses (“ECL”) associated with its assets carried at amortized cost and FVOCI. For trade receivables and contract assets, Brookfield Renewable applied the simplified approach permitted by IFRS 9, which requires expected lifetime losses to be recognized from initial recognition of the asset. The simplified approach to the recognition of ECL does not require entities to track the changes in credit risk; rather, entities recognize a loss allowance at each reporting date based on the lifetime ECL since the date of initial recognition of the asset. Evidence of impairment may include: • Indications that a debtor or group of debtors is experiencing significant financial difficulty; • A default or delinquency in interest or principal payments; • Probability that a debtor or a group of debtors will enter into bankruptcy or other financial reorganization; • Changes in arrears or economic conditions that correlate with defaults, where observable data indicates that there is a measurable decrease in the estimated future cash flows. Trade receivables and contract assets are reviewed qualitatively on a case-by-case basis to determine if they need to be written off. ECL are measured as the difference in the present value of the contractual cash flows that are due under contract and the cash flows expected to be received. ECL is measured by considering the risk of default over the contract period and incorporates forward looking information into its measurement. Financial liabilities are classified as financial liabilities at fair value through profit and loss, amortized cost, or derivatives designated as hedging instruments in an effective hedge. Brookfield Renewable determines the classification of its financial liabilities at initial recognition. Brookfield Renewable’s financial liabilities include accounts payable and accrued liabilities, corporate borrowings, non-recourse borrowings, derivative liabilities, due to related party balances, and tax equity. Financial liabilities are initially measured at fair value, with subsequent measurement determined based on their classification as follows: FVPL – Financial liabilities held for trading, such as those acquired for the purpose of selling in the near term, derivative financial instruments entered into by Brookfield Renewable that do not meet hedge accounting criteria, and tax equity are classified as fair value through profit and loss. Gains or losses on these types of liabilities are recognized in income. Brookfield Renewable owns and operates certain projects in the U.S. under tax equity structures to finance the construction of utility-scale solar and wind projects. Such structures are designed to allocate renewable tax incentives, such as investment tax credits (“ITCs”), production tax credits (“PTCs”) and accelerated tax depreciation, to tax equity investors. Generally, tax equity structures grant the tax equity investors the majority of the project's U.S. taxable earnings and renewable tax incentives, along with a smaller portion of the projects’ cash flows, until a contractually determined point at which the allocations are adjusted (the “Flip Point”). Subsequent to the Flip Point the majority of the project’s U.S. taxable earnings, renewable tax incentives and cash flows are allocated to the sponsor. The Flip Point dates are generally dependent on the underlying projects’ reaching an agreed upon after tax investment return, however, from time to time, the Flip Point dates may be dates specified within the contract. At all times, both before and after the projects’ Flip Point, Brookfield Renewable retains control over the projects financed with a tax equity structure. In accordance with the substance of the contractual agreements, the amounts paid by the tax equity investors for their equity stakes are classified as financial instrument liabilities on the consolidated statements of financial position and at each reporting date are remeasured to their fair value in accordance with IFRS 9. The fair value of the tax equity financing is generally comprised of the following elements: Elements affecting the fair value of the tax equity financing Description Production tax credits (PTCs) Allocation of PTCs to the tax equity investor are derived from the power generated during the period. The PTCs are recognized in foreign exchange and financial instrument gain (loss) with a corresponding reduction to the tax equity liability. Investment tax credits (ITCs) Allocation of ITCs to the tax equity investor are derived as a percentage of a projects total cost. Once received, the ITCs are recognized as a reduction to property, plant and equipment with a corresponding reduction to the tax equity liability. Taxable loss, including tax attributes such as accelerated tax depreciation Under the terms of the tax equity agreements, Brookfield Renewable is required to allocate specified percentages of taxable losses to the tax equity investor. As amounts are allocated, the obligation to deliver them is satisfied and a reduction to the tax equity liability is recorded with a corresponding amount recorded within foreign exchange and financial instrument gain (loss) on the consolidated statements of income (loss). Pay-go contributions Certain of the contracts contain annual production thresholds. When the thresholds are exceeded, the tax equity investor is required to contribute additional cash amounts. The cash amounts paid increase the value of the tax equity liability. Cash distributions Certain of the contracts also require cash distributions to the tax equity investor. Upon payment, the tax equity liability is reduced in the amount of the cash distribution. Amortized cost – All other financial liabilities are classified as amortized cost using the effective interest rate method. Gains and losses are recognized in income when the liabilities are derecognized as well as through the amortization process. Remeasurement gains and losses on financial liabilities classified as amortized cost are presented in the consolidated statements of income (loss). Amortized cost is computed using the effective interest method less any principal repayment or reduction. The calculation takes into account any premium or discount on acquisition and includes transaction costs and fees that are an integral part of the effective interest rate. This category includes trade and other payables, dividends payable, interest-bearing loans and borrowings, and corporate credit facilities. Derivatives and hedge accounting Derivatives are initially recognized at fair value on the date a derivative contract is entered into and are subsequently remeasured to their fair value at the end of each reporting period. The accounting for subsequent changes in fair value depends on whether the derivative is designated as a hedging instrument, and if so, the nature of the item being hedged and the type of hedge relationship designated. Brookfield Renewable designates its derivatives as hedges of: • Foreign exchange risk associated with the cash flows of highly probable forecast transactions (cash flow hedges); • Foreign exchange risk associated with net investment in foreign operations (net investment hedges); • Commodity price risk associated with cash flows of highly probable forecast transactions (cash flow hedges); and • Floating interest rate risk associated with floating rate debts (cash flow hedges). At the inception of a hedge relationship, Brookfield Renewable formally designates and documents the hedge relationship to which it wishes to apply hedge accounting and the risk management objective and strategy for undertaking the hedge. A hedging relationship qualifies for hedge accounting if it meets all of the following effectiveness requirements: • There is an ‘economic relationship’ between the hedged item and the hedging instrument; • The effect of credit risk does not ‘dominate the value changes’ that result from that economic relationship; and • The hedge ratio of the hedging relationship is the same as that resulting from the quantity of the hedged item that Brookfield Renewable actually hedges and the quantity of the hedging instrument that Brookfield Renewable actually uses to hedge that quantity of hedged item. The fair values of various derivative financial instruments used for hedging purposes and movements in the hedge reserve within equity are shown in Note 5 – Risk management and financial instruments. When a hedging instrument expires, is sold, is terminated, or no longer meets the criteria for hedge accounting, any cumulative deferred gain or loss and deferred costs of hedging in equity at that time remain in equity until the forecasted transaction occurs. When the forecasted transaction is no longer expected to occur

PRINCIPAL SUBSIDIARIES

PRINCIPAL SUBSIDIARIES	12 Months Ended
	Dec. 31, 2023
Disclosure of subsidiaries [abstract]
PRINCIPAL SUBSIDIARIES	PRINCIPAL SUBSIDIARIES The following table lists the subsidiaries of Brookfield Renewable which significantly affect its financial position and results of operations as at December 31, 2023: Jurisdiction of Incorporation or Organization Percentage of voting securities owned or controlled (%) BP Brazil US Subco LLC Delaware 100 Brookfield BRP Canada Corp. Ontario 100 Brookfield BRP Europe Holdings (Bermuda) Limited Bermuda 100 Brookfield Power US Holding America Co. Delaware 100 Isagen S.A. E.S.P. (1) Colombia 99.70 TerraForm Power Parent, LLC (1) New York 100 (1) Voting control held, in whole or in part, through voting agreements with Brookfield and co-investment.

ACQUISITIONS

ACQUISITIONS	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about business combination [abstract]
ACQUISITIONS	ACQUISITIONS The following investments were accounted for using the acquisition method by Brookfield Renewable, and the results of operations have been included in the audited annual consolidated financial statements since the date of acquisition. Brazil Wind Portfolio On March 3, 2023, Brookfield Renewable, together with its institutional partners, completed the acquisition of 100% interest in a 136 MW portfolio of operating wind assets in Brazil. The total purchase price of this acquisition was $95 million (approximately $24 million net to Brookfield Renewable), comprising of closing consideration, including working capital and closing adjustments of $90 million (approximately $23 million net to Brookfield Renewable) and $5 million of deferred consideration (approximately $1 million net to the Brookfield Renewable). Brookfield Renewable holds an approximately 25% economic interest. The total transaction costs related to the acquisition were less than $1 million and have been classified under Other in the consolidated statement of income (loss). If the acquisition had taken place at the beginning of the year, the revenue from the Brazil Wind Portfolio would have been $24 million for the year ended December 31, 2023. Brazil Distributed Generation On May 4, 2023, Brookfield Renewable, together with its institutional partners, completed the acquisition of a 90% interest in a distributed generation platform with approximately 730 MW of development pipeline in Brazil. The purchase price of this acquisition was $4 million (approximately $1 million net to Brookfield Renewable) with fair value of assets acquired of $5 million and liabilities assumed of $1 million. Brookfield Renewable holds an approximately 20% economic interest. U.S. Renewable Portfolio On October 25, 2023, Brookfield Renewable, together with its institutional partners, completed the acquisition of a 100% interest in a fully integrated developer and operator of renewable power assets in the United States with 5,900 MW of operating and under construction assets, with a 6,100 MW development pipeline for $1,083 million (approximately $308 million net to Brookfield Renewable) comprised of $565 million (approximately $161 million net to Brookfield Renewable) plus $518 million of deferred consideration (approximately $147 million net to Brookfield Renewable). Total fair value of net assets acquired, net of non-controlling interest was $1,453 million. The total transaction costs related to the acquisition were $6 million (approximately $2 million net to Brookfield Renewable) and have been classified under Other in the consolidated statement of income (loss). If the acquisition had taken place at the beginning of the year, the revenue from the U.S. Renewable Portfolio would have been $401 million for the year ended December 31, 2023. India Renewable Portfolio On April 22, 2023, Brookfield Renewable, together with institutional partners, acquired an approximately 7% equity interest (1% net to Brookfield Renewable) in a leading commercial and industrial renewable development platform in India with 4,500 MW of operating and development pipeline for INR 2.5 billion ($30 million) (approximately INR 500 million ($6 million) net to Brookfield Renewable). The investment was recognized as an equity accounted investment. During the second and third quarters of 2023, Brookfield Renewable, together with institutional partners, subscribed for incremental shares for an aggregate INR 1.7 billion ($21 million) (approximately INR 340 million ($4 million) net to Brookfield Renewable). On October 26, 2023, Brookfield Renewable together with its institutional partners, subscribed for additional shares for INR 9.8 billion ($118 million) (approximately INR 2 billion ($24 million) net to Brookfield Renewable). This subscription increased the total interest to approximately 37.54% (approximately 7% net to Brookfield Renewable) for aggregate consideration of approximately $168 million (approximately $34 million net to Brookfield Renewable) and results in control of the board of directors. Through the transaction Brookfield Renewable acquired the business at a total fair value of $447 million on a 100% basis. As such, Brookfield Renewable derecognized the existing equity accounted investment and recognized the transaction as a business combination. The total transaction costs related to the acquisition were $2 million (less than $1 million net to Brookfield Renewable) and have been classified under Other in the consolidated statement of income (loss). If the acquisition had taken place at the beginning of the year, the revenue would have been approximately $108 million for the year ended December 31, 2023. Brazil Wind Portfolio On November 6, 2023, Brookfield Renewable, together with its institutional partners, completed the acquisition of a 100% interest in a 60 MW portfolio of operating wind assets in Brazil for total consideration of R$113 million ($23 million) (R$28 million ($6 million) net to Brookfield Renewable). Brookfield Renewable holds an approximately 25% economic interest. The total transaction costs related to the acquisition were less than $1 million and have been classified under Other in the consolidated statement of income (loss). If the acquisition had taken place at the beginning of the year, the revenue from the Brazil Wind Portfolio would have been $9 million for the year ended December 31, 2023. U.K. Wind Portfolio On December 14, 2023, Brookfield Renewable, together with its institutional partners, completed the acquisition of a 100% interest in a leading independent UK renewables developer with 260 MW onshore wind assets, 800 MW near-term development and another 3 GW of later stage projects for a total purchase price of £489 million ($625 million) (£232 million ($296 million) net to Brookfield Renewable) comprising of closing consideration of £477 million ($610 million) (£226 million ($289 million) net to Brookfield Renewable) and £12 million ($15 million) (£6 million ($7 million) net to Brookfield Renewable) of contingent consideration. The total transaction costs related to the acquisition were $7 million (approximately $3 million net to Brookfield Renewable) and have been classified under Other in the consolidated statement of income (loss). If the acquisition had taken place at the beginning of the year, the revenue from the U.K. Wind Portfolio would have been $100 million for the year ended December 31, 2023. The purchase price allocations, at fair value, as at December 31, 2023, with respect to the business combinations are as follows: (MILLIONS) Brazil Wind Portfolio U.S. Renewable Portfolio (1) India Renewable Portfolio (1) Brazil Wind Portfolio (1) U.K. Wind Portfolio (1) Total Cash and cash equivalents $ 10 $ 88 $ 27 $ 1 $ 60 $ 186 Restricted cash — 111 32 — 1 144 Trade receivables and other current assets 9 127 69 4 26 235 Property, plant and equipment 130 3,937 851 40 995 5,953 Deferred tax assets — — 22 — — 22 Financial instruments assets (2) — 38 — — 8 46 Equity accounted investments — 36 8 — — 44 Other non-current assets 19 54 39 5 — 117 Accounts payable and accrued liabilities (22) (88) (62) (2) (13) (187) Current portion of non-recourse borrowings (4) (187) (35) (2) (61) (289) Financial instruments liabilities (2) — (1,037) — — (65) (1,102) Non-recourse borrowings (45) (905) (581) (17) (236) (1,784) Deferred income tax liabilities — (29) (48) — (151) (228) Provisions (2) (219) — — (6) (227) Other long-term liabilities — (130) (19) (6) (58) (213) Fair value of net assets acquired 95 1,796 303 23 500 2,717 Non-controlling interests — (343) (37) — (34) (414) Goodwill — — 181 — 159 340 Total fair value of net assets acquired including goodwill, net of non-controlling interests $ 95 $ 1,453 $ 447 $ 23 $ 625 $ 2,643 (1) The purchase price allocation is preliminary as at December 31, 2023. Brookfield Renewable is currently assessing the fair value of Property, plant and equipment, Financial instruments, Provisions, Deferred tax, Non-recourse borrowings, Other long-term liabilities and Goodwill for the purchase price allocation and expect to finalize the balances in 2024 within the one year measurement period. Refer to Note 7 - Other income for more details. (2) Includes both short-term and long-term balances. The following investments were accounted for using the equity method as Brookfield Renewable has significant influence through its position in the business, and the results of operations have been included in the audited annual consolidated financial statements since the date of investment. India Sustainable Agricultural Solutions On February 16, 2023, Brookfield Renewable, together with institutional partners, acquired an approximately 4% equity interest in a sustainable agricultural solutions company in India for INR 7 billion ($86 million) (approximately INR 1.4 billion ($17 million) net to Brookfield Renewable). X-Elio On October 10, 2023, Brookfield Renewable, together with its institutional partners, completed the acquisition of the remaining 50% interest in X-Elio for total consideration of $893 million ($76 million net to Brookfield Renewable for approximately 4.2% interest). Brookfield Renewable holds a 17% economic interest in the investment and continues to account for the investment as an equity accounted investment. Westinghouse On November 7, 2023, Brookfield Renewable, together with institutional partners, through a strategic partnership with Cameco Corporation, acquired 100% of Westinghouse, one of the world’s largest nuclear services businesses, from our affiliate Brookfield Business Partners L.P. and its institutional partners, for $4.37 billion ($442 million net to Brookfield Renewable). Brookfield Renewable, together with institutional partners, own an aggregate 51% interest (10.11% net to Brookfield Renewable) with Cameco owning 49%. Completed in 2022 The following investments were accounted for using the acquisition method by Brookfield Renewable, and the results of operations have been included in the audited annual consolidated financial statements since the date of acquisition. U.S. Utility-scale Solar Portfolio On January 24, 2022, Brookfield Renewable, together with its institutional partners, completed the acquisition of 100% interest in a utility scale development business with a 20 GW portfolio of utility-scale solar and energy storage development assets in the United States. The total purchase price of this acquisition was $760 million comprising of closing consideration including working capital and closing adjustments of $702 million, plus $58 million of additional incentive payments to be paid contingent upon certain milestones being achieved. The total transaction costs related to the acquisition were $2 million. Brookfield Renewable holds an approximately 20% economic interest. Europe Utility-scale Solar Portfolio On February 2, 2022, Brookfield Renewable, together with institutional partners, completed the acquisition of 100% interest in a 1.7 GW portfolio of utility-scale solar development assets in Germany. The total purchase price of this acquisition was €81 million ($90 million) comprising of closing consideration including working capital and closing adjustments, was approximately €66 million ($73 million), plus €15 million ($17 million) of additional incentive payments to be paid contingent upon certain milestones being achieved. The total transaction costs related to the acquisition were €2 million ($2 million). Brookfield Renewable holds an approximately 20% economic interest. Chile Distributed Generation Portfolio On March 17, 2022, Brookfield Renewable, together with institutional partners, completed the acquisition of 83% interest in a 437 MW distributed generation portfolio of high quality operating and development assets in Chile. The purchase price of this acquisition, including working capital and closing adjustments, was approximately $31 million. Through the transaction Brookfield Renewable acquired the business at a total fair value of $37 million on a 100% basis. The total transaction costs related to the acquisition was $1 million. Brookfield Renewable holds an approximately 20% economic interest in the investment. During the fourth quarter of 2022, Brookfield Renewable, together with institutional partners, contributed an additional approximate $4 million to fund the development pipeline, increasing the ownership interest from 83% to 84%. U.S. Distributed Generation Portfolio On September 28, 2022, Brookfield Renewable, together with its institutional partners, completed the acquisition of 100% interest in an integrated distributed generation developer with approximately 500 MW of contracted operating and under construction assets, and an 1.8 GW of development pipeline in the United States. The purchase price of this acquisition was $614 million, consisting of $538 million initial equity price, a $22 million working capital and closing adjustments and $98 million to repay previously existing non-recourse borrowings (in aggregate $123 million net to Brookfield Renewable). The total transaction costs related to the acquisition were $5 million. Brookfield Renewable holds an approximately 20% economic interest. If the acquisition had taken place at the beginning of the year, the revenue from the U.S. Distributed Generation Portfolio would have been $46 million for the year ended December 31, 2022. During the year ended December 31, 2023, the purchase price allocation was finalized and as a result the purchase price allocation as at December 31, 2022 does not correspond to the figures as disclosed in the 2022 Annual Report. The effect of the purchase price allocation finalization resulted in a decrease of $73 million to Goodwill and a corresponding increase of $36 million to Property, plant and equipment, a decrease of $7 million to Deferred tax assets, $33 million to Non-recourse borrowings, $3 million to Provisions, and $8 million to Financial instrument liabilities. The final purchase price allocation, at fair value, as at December 31, 2023, with respect to the U.S. Distributed Generation Portfolio business combination is as follows: (MILLIONS) U.S. Distributed Generation Portfolio Cash and cash equivalents $ 33 Restricted cash 6 Trade receivables and other current assets 13 Property, plant and equipment 744 Financial instruments assets 10 Deferred income tax assets 3 Other non-current assets 21 Accounts payable and accrued liabilities (66) Current portion of non-recourse borrowings (10) Financial instruments liabilities (7) Non-recourse borrowings (312) Provisions (22) Other long-term liabilities (35) Fair value of net assets acquired 378 Goodwill 236 Total fair value of net assets acquired including goodwill $ 614 U.S. Wind Portfolio On December 16, 2022, Brookfield Renewable, together with institutional partners, completed the acquisition of 100% interest in a renewable developer with a portfolio of over 800 MW of operating wind assets and pipeline of over 22 GW of solar and storage assets in the United States. The purchase price of this acquisition, including working capital and closing adjustments, was approximately $1,092 million. The total transaction costs related to the acquisition were $4 million. Brookfield Renewable holds an approximately 20% economic interest. If the acquisition had taken place at the beginning of the year, the revenue from the U.S. Wind Portfolio would have been $82 million for the year ended December 31, 2022. During the year ended December 31, 2023, the purchase price allocation was finalized and as a result the purchase price allocation as at December 31, 2022 does not correspond to the figures as disclosed in the 2022 Annual Report. The effect of the purchase price allocation finalization included a decrease of $96 million to Property, plant and equipment, $6 million in Assets held for sale, $12 million to Other non-current assets, $97 million to Financial Instrument liabilities, $23 million to Other long-term liabilities, $6 million in Provisions. and an increase of $9 million in Liabilities classified as held for sale. The final purchase price allocation, at fair value, as at December 31, 2023, with respect to the U.S. Wind Portfolio business combination is as follows: (MILLIONS) U.S. Wind Portfolio Cash and cash equivalents $ 26 Restricted cash 5 Trade receivables and other current assets 13 Assets classified as held for sale 234 Property, plant and equipment 1,700 Financial instruments assets 2 Other non-current assets 10 Accounts payable and accrued liabilities (38) Liabilities classified as held for sale (143) Financial instruments liabilities (628) Provisions (22) Other long-term liabilities (45) Fair value of net assets acquired 1,114 Non-controlling interests (23) Goodwill 1 Total fair value of net assets acquired including goodwill, net of non-controlling interests $ 1,092 The purchase price allocations, at fair value, as at December 31, 2022, with respect to the business combinations are as follows: (MILLIONS) Chile Distributed Generation Portfolio Europe Utility-scale Solar Portfolio U.S. Utility-scale Solar Portfolio (1) U.S. Distributed Generation Portfolio (2)(3) US Wind Portfolio (2)(4) Total Cash and cash equivalents $ 2 $ 3 $ 22 $ 33 $ 26 $ 86 Restricted cash — — 6 6 5 17 Trade receivables and other current assets 2 30 48 13 13 106 Assets classified as held for sale (4) — — — — 240 240 Property, plant and equipment 21 1 561 708 1,796 3,087 Deferred tax assets — — — 10 — 10 Financial instruments assets (5) — — — 10 2 12 Other non-current assets 1 — 4 21 22 48 Accounts payable and accrued liabilities (1) (5) (32) (66) (38) (142) Current portion of non-recourse borrowings — — — (9) — (9) Liabilities classified as held for sale (4) — — — — (135) (135) Financial instruments liabilities (5) — — (15) (15) (725) (755) Non-recourse borrowings (6) — (48) (346) — (400) Deferred income tax liabilities — (7) (43) — — (50) Provisions — — — (25) (29) (54) Other long-term liabilities — — (30) (35) (68) (133) Fair value of net assets acquired 19 22 473 305 1,109 1,928 Non-controlling interests — — — — (26) (26) Goodwill 18 68 287 309 9 691 Total fair value of net assets acquired including goodwill, net of non-controlling interests $ 37 $ 90 $ 760 $ 614 $ 1,092 $ 2,593 (1) During the year ended December 31, 2022, Brookfield Renewable recorded purchase price allocation adjustment of $176 million primarily to Property, plant and equipment, Deferred tax asset, Other non-current assets, Deferred income tax liabilities and Other long-term liabilities. (2) The purchase price allocation was preliminary as at December 31, 2022 and was finalized during the year ended December 31, 2023. (3) During the ended December 31, 2022, Brookfield Renewable recorded purchase price allocation adjustments of $97 million primarily to Property, plant and equipment, at fair value, Deferred tax assets and Deferred income tax liabilities. (4) Refer to Note 4 - Disposal of assets. (5) Includes both short-term and long-term balances. The following investments were accounted for using the equity method as Brookfield Renewable has significant influence through its position in the business, and the results of operations have been included in the audited annual consolidated financial statements since the date of investment. Powen In February 2022, Brookfield Renewable, together with institutional partners, acquired an initial 16% interest in a DG solar development business in Spain and Mexico with approximately 700 MW of operating and development assets for $22 million ($6 million net to Brookfield Renewable). During the course of 2022, Brookfield Renewable, together with institutional partners, subscribed for additional shares for $34 million ($7 million net to Brookfield Renewable). This subscription increased our interest to approximately 32% (6% net to Brookfield Renewable) In the second and third quarter of 2023, Brookfield Renewable, together with its institutional partner, subscribed for additional shares in Powen for $49 million ($10 million net to Brookfield Renewable). These subscriptions increased the total interest in Powen to 44% (8.8% net to Brookfield Renewable). Refer to Note 19 - Equity-accounted investments for more details. Island Aggregator LP On June 20, 2022, Brookfield Renewable, together with institutional partners, committed to invest $500 million, of which $122 million was deployed for a 20% stake in common equity into a private owner and operator of long-term, U.S. denominated, contracted power and utility assets across the Americas with 1.2 GW of installed capacity and approximately 1.3 GW development pipeline. Brookfield Renewable holds a 20% interest in this investment through an intermediate entity. California Resources Corporation On August 3, 2022, Brookfield Renewable, together with its institutional partners, formed a joint venture with California Resources Corporation (“CRC”) to establish a Carbon Management Business that will develop carbon capture and storage in California. Brookfield Renewable, together with its institutional partners, has committed to invest up to $500 million to fund the development of identified carbon capture and storage projects in California. This includes an initial investment of approximately $137 million, of which $48 million was deployed during the year ended December 31, 2022, which includes a put option that offers strong downside protection at a pre-determined rate of return. Brookfield Renewable holds an approximate 10% economic interest. California Bioenergy (“Calbio”) On December 21, 2022, Brookfield Renewable, together with its institutional partners, closed its purchase of a 10% interest in a developer, operator and owner of renewable natural gas assets in the U.S. with an initial equity commitment of $150 million ($30 million net to Brookfield Renewable) and secured the option to invest up to approximately $350 million ($70 million net to Brookfield Renewable) of follow-on equity capital for future projects meeting our risk-return requirements. Brookfield Renewable holds an approximate 2% economic interest. Completed in 2021 The following investments were accounted for using the acquisition method, and the results of operations have been included in the audited annual consolidated financial statements since the date of acquisition. Oregon Wind Portfolio On March 24, 2021, Brookfield Renewable, together with institutional partners, completed the acquisition of 100% of a portfolio of three wind generation facilities of approximately 845 MW and development projects of approximately 400 MW (together, “Oregon Wind Portfolio”) located in Oregon, United States. The purchase price of this acquisition, including working capital and closing adjustments, was approximately $744 million. The total transaction costs of $6 million were expensed as incurred and have been classified under Other in the consolidated statement of income (loss). Brookfield Renewable holds a 25% economic interest. This investment was accounted for using the acquisition method, and the results of operations have been included in the consolidated financial statements since the date of the acquisition. If the acquisition had taken place at the beginning of the year, the revenue from the Oregon Wind Portfolio would have been $183 million for the year ended December 31, 2021. During March 31, 2022, the purchase price allocation was finalized with no material changes from the purchase price allocation as at December 31, 2021 as disclosed in the 2021 Annual Report. U.S. Distributed Generation Portfolio On March 31, 2021, Brookfield Renewable, together with institutional partners, completed the acquisition of 100% of a distributed generation business (the “U.S. Distributed Generation Portfolio”) comprised of 360 MW of operating and under construction assets across approximately 600 sites and 700 MW of development assets, all in the United States. The purchase price of this acquisition, including working capital and closing adjustments, was approximately $684 million. The total transaction costs of $2 million were expensed as incurred and have been classified under Other in the consolidated statement of income (loss). Brookfield Renewable holds a 25% economic interest. This investment was accounted for using the acquisition method, and the results of operations have been included in the consolidated financial statements since the date of the acquisition. If the acquisition had taken place at the beginning of the year, the revenue from the U.S. Distributed Generation Portfolio would have been $79 million for the year ended December 31, 2021 . The purchase price allocation, at fair value, as at December 31, 2021, with respect to the business combinations are as follows: (MILLIONS) Oregon Wind Portfolio U.S. Distributed Generation Portfolio Total Cash and cash equivalents $ 1 $ 1 $ 2 Restricted cash 49 5 54 Trade receivables and other current assets 28 23 51 Property, plant and equipment 1,643 723 2,366 Current liabilities (10) (6) (16) Current portion of non-recourse borrowings (74) (7) (81) Financial instruments (16) — (16) Non-recourse borrowings (761) (133) (894) Provisions (83) (16) (99) Other long-term liabilities (33) (23) (56) Fair value of net assets acquired 744 567 1,311 Goodwill — 117 117 Total fair value of net assets acquired including goodwill, net of non-controlling interests $ 744 $ 684 $ 1,428 The following investments were accounted for using the equity method as Brookfield Renewable has significant influence through its position in the business, and the results of operations have been included in the audited annual consolidated financial statements since the date of investment. Polenergia In the first quarter of 2021, Brookfield Renewable, together with its institutional partners, closed its purchase of a 23% interest in a large scale renewable business in Poland, in connection with its previously announced tender offer alongside the current majority shareholder, at a cost of approximately $175 million (approximately $44 million net to Brookfield Renewable for a 6% interest). Brookfield Renewable, together with its institutional partners and the current majority shareholder, holds a 75% interest in the company. In the first quarter of 2022, Brookfield Renewable, together with its institutional partner, subscribed for additional shares in Polenergia. This subscription increased the total interest in Polenergia to 32% (8% net to Brookfield Renewable).

DISPOSAL OF ASSETS

DISPOSAL OF ASSETS	12 Months Ended
	Dec. 31, 2023
Disclosure Of Disposal Of Assets [Abstract]
DISPOSAL OF ASSETS	DISPOSAL OF ASSETS On March 17, 2023, Brookfield Renewable’s institutional partners completed the sale of a 78% interest in a 378 MW operating hydroelectric portfolio in the U.S., of which 28% was sold to affiliates of Brookfield Corporation. Brookfield Renewable retained its 22% interest in the investment and accordingly, did not receive any proceeds from the sale. Subsequent to the completion of the sale, Brookfield Renewable no longer consolidates this investment and recognized its interest as an equity-accounted investment. As a result of the disposition, Brookfield Renewable derecognized $667 million of total assets and $191 million of total liabilities from the consolidated statements of financial position. Brookfield Renewable’s post-tax portion of the accumulated revaluation surplus of $34 million was reclassified from accumulated other comprehensive income directly to equity and presented as a Disposals item in the consolidated statements of changes in equity. On May 17, 2023, Brookfield Renewable, together with its institutional partners, completed the sale of wind assets in the U.S. that were acquired in 2022 for proceeds of approximately $217 million ($14 million net to Brookfield Renewable) net of transaction fees. There was no gain or loss on disposition recognized in the consolidated statements of income (loss) as a result of the disposition. Brookfield Renewable derecognized $246 million of total assets, $155 million of total liabilities, and non-controlling interest of $23 million from the consolidated statements of financial position. On September 20, 2023, Brookfield Renewable, together with its institutional partners, completed the sale of its 100% interest in a 95 MW portfolio of wind assets in Uruguay for proceeds of approximately $112 million ($65 million net to Brookfield Renewable) net of transaction fees. As a result of the disposition, Brookfield Renewable derecognized $238 million of total assets and $193 million of total liabilities from the consolidated statements of financial position. As a result of the disposition, accumulated other comprehensive income of $5 million was reclassified to profit and loss. This resulted in a gain on disposition of $72 million ($42 million net to Brookfield Renewable) recognized within Other income in the consolidated statements of income (loss). On September 20, 2023, Brookfield Renewable, together with its institutional partners, completed the sale of its 100% interest in a 26 MW solar asset in Uruguay for proceeds of approximately $41 million ($13 million net to Brookfield Renewable). As a result of the disposition, Brookfield Renewable derecognized $43 million of total assets, and $1 million of total liabilities from the consolidated statements of financial position. As a result of the disposition, Brookfield Renewable's post-tax portion of the accumulated revaluation surplus of $13 million was reclassified from accumulated other comprehensive income directly to equity and presented as a Disposals item in the consolidated statements of changes in equity.

RISK MANAGEMENT AND FINANCIAL I

RISK MANAGEMENT AND FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2023
RISK MANAGEMENT AND FINANCIAL INSTRUMENTS [Abstract]
RISK MANAGEMENT AND FINANCIAL INSTRUMENTS	RISK MANAGEMENT AND FINANCIAL INSTRUMENTS Brookfield Renewable’s activities expose it to a variety of financial risks, including market risk (i.e., commodity price risk, interest rate risk, and foreign currency risk), credit risk and liquidity risk. Brookfield Renewable uses financial instruments primarily to manage these risks. The sensitivity analysis discussed below reflects the risks associated with instruments that Brookfield Renewable considers are market sensitive and the potential loss resulting from one or more selected hypothetical changes. Therefore, the discussion below is not intended to fully reflect Brookfield Renewable’s risk exposure. (a) Market risk Market risk is defined for these purposes as the risk that the fair value or future cash flows of a financial instrument held by Brookfield Renewable will fluctuate because of changes in market prices. Brookfield Renewable faces market risk from foreign currency assets and liabilities, the impact of changes in interest rates, and floating rate liabilities. Market risk is managed by funding assets with financial liabilities in the same currency and with similar interest rate characteristics and holding financial contracts, such as interest rate swaps and foreign exchange contracts, to minimize residual exposures. Financial instruments held by Brookfield Renewable that are subject to market risk include borrowings and financial instruments, such as interest rate, currency and commodity contracts. The categories of financial instruments that can give rise to significant variability are described below: (i) Electricity price risk Brookfield Renewable aims to sell electricity under long-term contracts to secure stable prices and mitigate its exposure to wholesale markets. Electricity price risk arises from the sale of Brookfield Renewable’s uncontracted generation and is mitigated by entering into short-term energy derivative contracts. Electricity price risk is defined for these purposes as the risk that the fair value or future cash flows of a financial instrument held by Brookfield Renewable will fluctuate because of changes in electricity prices. The table below summarizes the impact of changes in the market price of electricity as at December 31. The impact is expressed in terms of the effect on net income and OCI. The sensitivities are based on the assumption that the market price changes by 5% with all other variables held constant. Impact of a 5% change in the market price of electricity, on outstanding energy derivative contracts and IFRS 9 PPAs, for the year ended December 31: Effect on net income (1) Effect on OCI (1) (MILLIONS) 2023 2022 2021 2023 2022 2021 5% increase $ (62) $ (76) $ (37) $ (23) $ (36) $ (21) 5% decrease 62 75 40 23 36 22 (1) Amounts represent the potential annual net pretax impact. (ii) Foreign currency risk Foreign currency risk is defined for these purposes as the risk that the fair value of a financial instrument held by Brookfield Renewable will fluctuate because of changes in foreign currency rates. Brookfield Renewable has exposure to the Canadian dollar, euro, Brazilian real, Colombian peso, British pound sterling, Indian rupee, Malaysian ringgit, Chinese yuan and Polish złoty through its investments in foreign operations. Consequently, fluctuations in the U.S. dollar exchange rate against these currencies increase the volatility of net income and other comprehensive income. Brookfield Renewable holds foreign currency contracts primarily to mitigate this exposure. The table below summarizes the impact to Brookfield Renewable’s financial instruments of changes in the exchange rate as at December 31. The impact is expressed in terms of the effect on income and OCI. The sensitivities are based on the assumption that the currency exchange rate changes by five percent with all other variables held constant. Impact of a 5% change in U.S. dollar exchange rates, on outstanding foreign exchange swaps, for the year ended December 31: Effect on net income (1) Effect on OCI (1) (MILLIONS) 2023 2022 2021 2023 2022 2021 5% increase $ 29 $ 27 $ 29 $ 307 $ 96 $ 95 5% decrease (29) (27) (29) (307) (96) (95) (1) Amounts represent the potential annual net pretax impact. (iii) Interest rate risk Interest rate risk is defined for these purposes as the risk that the fair value or future cash flows of a financial instrument held by Brookfield Renewable will fluctuate, because of changes in interest rates. Brookfield Renewable’s assets largely consist of long duration physical assets. Brookfield Renewable’s financial liabilities consist primarily of long-term fixed-rate debt or variable-rate debt that has been swapped to fixed rates with interest rate financial instruments. Other than tax equity, all other non-derivative financial liabilities are recorded at their amortized cost. Brookfield Renewable also holds interest rate contracts to lock-in fixed rates on certain anticipated future debt issuances. Brookfield Renewable will enter into interest rate swaps designed to minimize the exposure to interest rate fluctuations on its variable-rate debt. Fluctuations in interest rates could impact Brookfield Renewable’s cash flows, primarily with respect to the interest payable against Brookfield Renewable’s variable rate debt, which is limited to certain non-recourse borrowings with a total principal value of $11,574 million (2022: $7,823 million). Of this principal value, $4,681 million (2022: $3,396 million) has been fixed through the use of interest rate contracts. The fair values of the recognized asset and liability for the interest rate swaps were calculated using a valuation model with observable interest rates. The table below summarizes the impact of changes in the interest rate as at December 31. The impact is expressed in terms of the effect on income and OCI. The sensitivities are based on the assumption that the interest rate changes by 1% with all other variables held constant. Impact of a 1% change in interest rates, on outstanding interest rate swaps, variable-rate debt and tax equity, for the year ended December 31: Effect on net income (1) Effect on OCI (1) (MILLIONS) 2023 2022 2021 2023 2022 2021 1% increase $ (129) $ 20 $ 15 $ 148 $ 112 $ 114 1% decrease 130 (20) (16) (156) (118) (124) (1) Amounts represent the potential annual net pretax impact. (b) Credit risk Credit risk is the risk of loss due to the failure of a borrower or counterparty to fulfill its contractual obligations. Brookfield Renewable’s exposure to credit risk in respect of financial instruments relates primarily to counterparty obligations regarding energy contracts, interest rate swaps, forward foreign exchange contracts and physical electricity transactions. Brookfield Renewable minimizes credit risk with counterparties through the selection, monitoring and diversification of counterparties, the use of standard trading contracts, and other credit risk mitigation techniques. In addition, Brookfield Renewable’s power purchase agreements are reviewed regularly and the majority are with customers having long standing credit histories or investment grade ratings, which limit the risk of non-collection. See Note 22 – Trade receivables and other current assets, for additional details regarding Brookfield Renewable’s trade receivables balance. The maximum credit exposure at December 31 was as follows: (MILLIONS) 2023 2022 Trade receivables and other short-term receivables $ 923 $ 883 Long-term receivables 382 235 Financial instrument assets (1) 400 390 Due from related parties (1) 1,578 251 Contract asset (1) 375 395 $ 3,658 $ 2,154 (1) Includes both the current and long-term amounts. (c) Liquidity risk Liquidity risk is the risk that Brookfield Renewable cannot meet a demand for cash or fund an obligation when due. Liquidity risk is mitigated by Brookfield Renewable’s cash and cash equivalent balances and its access to undrawn credit facilities. Details of the available portion of credit facilities are included in Note 13 – Borrowings. Brookfield Renewable also ensures that it has access to public capital markets and maintains a strong investment grade credit rating. Brookfield Renewable is also subject to the risk associated with debt financing. This risk is mitigated by the long-term duration of debt instruments and the staggered maturity dates over an extended period of time. CASH OBLIGATIONS The table below classifies the cash obligations related to Brookfield Renewable’s liabilities into relevant maturity groupings based on the remaining period from the statement of financial position dates to the contractual maturity date. AS AT DECEMBER 31, 2023 < 1 year 2-5 years > 5 years Total Accounts payable and accrued liabilities $ 1,197 $ — $ — $ 1,197 Financial instrument liabilities (1) 401 871 1,010 2,282 Due to related parties 835 705 — 1,540 Other long-term liabilities – concession payments 1 4 11 16 Lease liabilities (1) 41 193 534 768 Corporate borrowings (1) 183 679 1,981 2,843 Non-recourse borrowings (1) 4,752 9,474 12,794 27,020 Interest payable on borrowings (2) 2,651 7,123 6,977 16,751 Total $ 10,061 $ 19,049 $ 23,307 $ 52,417 AS AT DECEMBER 31, 2022 < 1 year 2-5 years > 5 years Total Accounts payable and accrued liabilities $ 1,086 $ — $ — $ 1,086 Financial instrument liabilities (1) 559 1,018 652 2,229 Due to related parties 586 1 — 587 Other long-term liabilities – concession payments 2 6 12 20 Lease liabilities (1) 30 116 413 559 Corporate borrowings (1) 249 664 1,643 2,556 Non-recourse borrowings (1) 2,027 7,904 12,390 22,321 Interest payable on borrowings (2) 1,368 4,141 4,663 10,172 Total $ 5,907 $ 13,850 $ 19,773 $ 39,530 (1) Includes both the current and long-term amounts. (2) Represents aggregate interest payable expected to be paid over the entire term of the obligations, if held to maturity. Variable rate interest payments have been calculated based on estimated interest rates. Fair value disclosures Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair values determined using valuation models require the use of assumptions concerning the amount and timing of estimated future cash flows and discount rates. In determining those assumptions, management looks primarily to external readily observable market inputs such as interest rate yield curves, currency rates, commodity prices and, as applicable, credit spreads. A fair value measurement of a non-financial asset is the consideration that would be received in an orderly transaction between market participants, considering the highest and best use of the asset. Assets and liabilities measured at fair value are categorized into one of three hierarchy levels, described below. Each level is based on the transparency of the inputs used to measure the fair values of assets and liabilities. Level 1 – inputs are based on unadjusted quoted prices in active markets for identical assets and liabilities; Level 2 – inputs, other than quoted prices in Level 1, that are observable for the asset or liability, either directly or indirectly; and Level 3 – inputs for the asset or liability that are not based on observable market data. The following table presents Brookfield Renewable's assets and liabilities including energy derivative contracts, IFRS 9 PPAs, interest rate swaps, foreign exchange swaps and tax equity measured and disclosed at fair value classified by the fair value hierarchy: (MILLIONS) Level 1 Level 2 Level 3 2023 2022 Assets measured at fair value: Cash and cash equivalents $ 1,141 $ — $ — $ 1,141 $ 998 Restricted cash (1) 391 — — 391 191 Financial instrument assets (1) IFRS 9 PPAs — — 50 50 2 Energy derivative contracts — 90 — 90 37 Interest rate swaps — 233 — 233 335 Foreign exchange swaps — 27 — 27 16 Tax equity — — 27 27 — Investments in debt and equity securities — 46 1,494 1,540 1,235 Property, plant and equipment — — 64,005 64,005 54,283 Liabilities measured at fair value: Financial instrument liabilities (1) IFRS 9 PPAs (2) — (56) (742) (798) (668) Energy derivative contracts — (82) — (82) (238) Interest rate swaps — (105) — (105) (82) Foreign exchange swaps — (353) — (353) (110) Tax equity — — (1,782) (1,782) (1,131) Contingent consideration (3) — — (92) (92) (68) Liabilities for which fair value is disclosed: Corporate borrowings (1) (2,731) — — (2,731) (2,362) Non-recourse borrowings (1) (2,116) (24,723) — (26,839) (21,117) Total $ (3,315) $ (24,923) $ 62,960 $ 34,722 $ 31,253 (1) Includes both the current amount and long-term amount. (2) During the year ended December 31, 2023 $56 million (2022: nil) was transferred from Level 3 to Level 2. (3) Amount relates to business combination completed in 2022 and 2023 with obligations lapsing from 2024 to 2027. Financial instruments disclosures Financial assets and liabilities are offset with the net amount reported in the Consolidated Statements of Financial Position, where Brookfield Renewable currently has a legally enforceable right to offset and there is an intention to settle on a net basis or realize the asset and settle the liability simultaneously. The aggregate amount of Brookfield Renewable’s net financial instrument positions as at December 31 are as follows: Financial Instruments Assets Financial Instruments Liabilities Instruments not designated as hedges Instruments not designated as hedges (MILLIONS) Instruments designated as hedges Fair value through profit & loss Fair value through OCI Total Instruments designated as hedges Fair value through profit & loss Fair value through OCI Total Net Assets IFRS 9 PPAs — $ 2 $ — $ 2 $ (94) $ (574) $ — $ (668) $ (666) Energy derivative contracts 12 $ 25 $ — $ 37 $ (37) $ (201) $ — $ (238) $ (201) Interest rate swaps 284 51 — 335 (15) (67) — (82) 253 Foreign exchange swaps 14 2 — 16 (90) (20) — (110) (94) Investments in debt and equity securities — 1,010 225 1,235 — — — — 1,235 Tax equity — — — — — (1,131) — (1,131) (1,131) Balance, as at December 31, 2022 $ 310 $ 1,090 $ 225 $ 1,625 $ (236) $ (1,993) $ — $ (2,229) $ (604) Less: current portion (125) 559 434 Long-term portion $ 1,500 $ (1,670) $ (170) IFRS 9 PPAs $ 39 $ 11 $ — $ 50 $ (71) $ (727) $ — $ (798) $ (748) Energy derivative contracts 96 (6) — 90 — (82) — (82) 8 Interest rate swaps 181 52 — 233 (33) (72) — (105) 128 Foreign exchange swaps 27 — — 27 (325) (28) — (353) (326) Investments in debt and equity securities — 1,403 137 1,540 — — — — 1,540 Tax equity — 27 — 27 — (1,782) — (1,782) (1,755) Balance, as at December 31, 2023 $ 343 $ 1,487 $ 137 $ 1,967 $ (429) $ (2,691) $ — $ (3,120) $ (1,153) Less: current portion (199) 687 488 Long-term portion $ 1,768 $ (2,433) $ (665) The following table presents the change in Brookfield Renewable’s total net financial instrument asset position as at and for the year ended December 31: (MILLIONS) Balance as at Dec 31, 2022 asset (liability) Changes in fair value recognized in OCI (1) Changes in fair value (hedge ineffectiveness) (2) Changes in fair value on financial instruments through profit and loss (2) Amounts reclassified from OCI to income Acquisitions, settlements and other Foreign exchange gain (loss) Balance as at Dec 31, 2023 asset (liability) IFRS 9 PPAs (3) $ (666) $ 54 $ (6) $ 74 $ 13 $ (217) $ — $ (748) Energy derivative contracts (201) 220 (3) 89 (110) 13 — 8 Interest rate swaps 253 (20) — 33 (90) (47) (1) 128 Foreign exchange swaps (94) (128) — (1) — (103) — (326) Investments in debt and equity securities 1,235 8 — 119 — 182 (4) 1,540 Tax equity (1,131) — — 243 — (867) — (1,755) $ (604) $ 134 $ (9) $ 557 $ (187) $ (1,039) $ (5) $ (1,153) (1) Amounts recognized in Equity-accounted investments, Gains (losses) arising during the year on financial instruments designated as cash-flow hedges and Unrealized gain (loss) on foreign exchange swaps – net investment hedge on the consolidated statements of comprehensive income (loss). (2) Amounts recognized in Foreign exchange and financial instruments gain (loss) on the consolidated statements of income (loss) excluding realized gains and losses recorded on foreign exchange. (3) Level 3 power purchase agreements accounted for as energy derivatives that are either designated as a hedge or not designated as a hedge. (MILLIONS) Balance as at Dec 31, 2021 asset (liability) Changes in fair value recognized in OCI (1) Changes in fair value (hedge ineffectiveness) (2) Changes in fair value on derivatives not designated in hedge relationships (2) Amounts reclassified from OCI to income Acquisitions, settlements and other Foreign exchange gain (loss) Balance as at Dec 31, 2022 asset (liability) IFRS 9 PPAs (3) $ (20) $ (75) $ (13) $ (216) $ 22 $ (364) $ — $ (666) Energy derivative contracts (151) (117) 2 (134) 142 57 — (201) Interest rate swaps (188) 331 5 85 5 18 (3) 253 Foreign exchange swaps (24) (56) — 89 — (103) — (94) Investments in debt and equity securities 195 (11) — 13 — 1,046 (8) 1,235 Tax equity (455) — — 115 — (791) — (1,131) $ (643) $ 72 $ (6) $ (48) $ 169 $ (137) $ (11) $ (604) (1) Amounts recognized in Equity-accounted investments, Gains (losses) arising during the year on financial instruments designated as cash-flow hedges and Unrealized gain (loss) on foreign exchange swaps – net investment hedge on the consolidated statements of comprehensive income (loss). (2) Amounts recognized in Foreign exchange and financial instruments gain (loss) on the consolidated statements of income (loss) excluding realized gains and losses recorded on foreign exchange. (3) Level 3 power purchase agreements accounted for as energy derivatives that are either designated as a hedge or not designated as a hedge. Tax equity Brookfield Renewable owns and operates certain projects in the United States under tax equity structures to finance the construction of utility-scale solar and wind projects. In accordance with the substance of the contractual agreements, the amounts paid by the tax equity investors for their equity stakes are classified as financial instrument liabilities on the consolidated statements of financial position. Gains or losses on the tax equity liabilities are recognized within foreign exchange and financial instruments gain (loss) in the consolidated statements of income (loss). (b) Investments in debt and equity securities Brookfield Renewable's investments in debt and equity securities are classified as FVPL, FVOCI and amortized cost. Refer to Note 1(l) – Basis of preparation and material accounting policy information – Financial instruments. (c) Energy derivative contracts and IFRS 9 PPAs Brookfield Renewable has entered into long-term energy derivative contracts primarily to stabilize or eliminate the price risk on the sale of certain future power generation. Certain energy contracts are recorded in Brookfield Renewable’s consolidated financial statements at an amount equal to fair value, using quoted market prices or, in their absence, a valuation model using both internal and third-party evidence and forecasts. There is an economic relationship between the hedged items and the hedging instruments as the terms of the energy derivative contracts match the terms of the expected highly probable forecast transactions (i.e. notional amount and expected payment date). Brookfield Renewable has established a hedge ratio of 1:1 for the hedging relationships. To measure the hedge effectiveness, Brookfield Renewable uses the hypothetical derivative method and compares changes in the fair value of the hedging instruments against the changes in fair value of the hedged items attributable to the hedged risks. The hedge ineffectiveness can arise from different indexes (and accordingly different curves) linked to the hedged risk of the hedged items and hedging instruments. For the year ended December 31, 2023, gains of $119 million relating to energy derivative contracts were realized and reclassified from OCI to the consolidated statements of income (loss) (2022: $146 million and 2021: $25 million). Based on market prices as of December 31, 2023, unrealized losses of $49 million (2022: $37 million loss and 2021: $72 million loss) recorded in accumulated other comprehensive income (“AOCI”) on energy derivative contracts are expected to be settled or reclassified into income in the next twelve months. The actual amount reclassified from AOCI, however, could vary due to future changes in market prices. The following table summarizes the energy derivative contracts designated as hedging instruments: Energy derivative contracts and IFRS 9 PPAs December 31, 2023 December 31, 2022 Carrying amount (asset/(liability)) 64 (116) Notional amount – GWh 26,083 13,674 Weighted average hedged rate for the year ($/MWh) 50 58 Maturity dates 2024-2044 2023-2038 Hedge ratio 1:1 1:1 Change in discounted spot value of outstanding hedging instruments 152 (90) Change in value of hedged item used to determine hedge effectiveness (118) 64 There is nil of hedge ineffectiveness losses recognized within foreign exchange and financial instruments gain (loss) in the consolidated statements of income (loss) related to energy derivative contracts (cash flow hedges) for the year ended December 31, 2023 (2022: $18 million loss and 2021: $7 million loss). (d) Interest rate hedges Brookfield Renewable has entered into interest rate hedge contracts primarily to minimize exposure to interest rate fluctuations on its variable-rate debt or to lock in interest rates on future debt refinancing. All interest rate hedge contracts are recorded in the consolidated financial statements at fair value. There is an economic relationship between the hedged items and the hedging instruments as the terms of the interest rate hedges match the terms of the respective fixed-rate debt (i.e., notional amount, maturity, payment and reset dates). Brookfield Renewable established a hedge ratio of 1:1 for the hedging relationships. To measure the hedge effectiveness, Brookfield Renewable uses the hypothetical derivative method and compares the changes in the fair value of the hedging instrument against the changes in fair value of the hedged items attributable to the hedged risk. The hedge ineffectiveness can arise from: • Different interest rate curves being applied to discount the hedged item and hedging instrument • Differences in timing of cash flows of the hedged item and hedging instrument • The counterparties’ credit risk having an asymmetrical impact on the fair value movements of the hedging instrument and hedged item As at December 31, 2023, agreements with a total notional exposure of $4,389 million were outstanding (2022: $3,621 million) including $718 million (2022: $701 million) associated with agreements that are not formally designated as hedging instruments. The weighted-average fixed interest rate resulting from these agreements is (1.0)% (2022: 2.9%). For the year ended December 31, 2023, net movements relating to cash flow hedges realized and reclassified from OCI to interest expense in the consolidated statements of income (loss) were $3 million losses (2022: $2 million losses and 2021: $18 million losses). Based on market prices as of December 31, 2023, unrealized losses of $53 million (2022: $50 million and 2021: $41 million) recorded in AOCI on interest rate swaps are expected to be settled or reclassified into income in the next twelve months. The actual amount reclassified from AOCI, however, could vary due to future changes in market rates. The following table summarizes the interest rate hedges designated as hedging instruments: Interest rate hedges December 31, 2023 December 31, 2022 Carrying amount (asset/(liability)) 148 269 Notional amount – $ 1,633 803 Notional amount – C$ (1) 326 349 Notional amount – € (1) 1,204 1,315 Notional amount – £ (1) 312 296 Notional amount – COP (1) 196 157 Maturity dates 2024-2061 2023-2061 Hedge ratio 1:1 1:1 Change in discounted spot value of outstanding hedging instruments (124) 333 Change in value of hedged item used to determine hedge effectiveness 124 (328) (1) Notional amounts of foreign currency denominated interest rate hedges are presented at the U.S. dollar equivalent value based on the December 31, 2023 foreign currency spot rate. The hedge ineffectiveness loss recognized within foreign exchange and financial instruments gain (loss) in the consolidated statements of income (loss) related to interest rate contracts (cash flow hedges) for the year ended December 31, 2023 was nil (2022: $5 million and 2021: $17 million). (e) Foreign exchange swaps Brookfield Renewable has entered into foreign exchange swaps to minimize its exposure to currency fluctuations impacting its investments and earnings in foreign operations, and to fix the exchange rate on certain anticipated transactions denominated in foreign currencies. There is an economic relationship between the hedged item and the hedging instrument as the net investment or anticipated foreign currency transaction creates a translation risk that will match the respective hedging instrument. Brookfield Renewable established a hedge ratio of 1:1 as the underlying risk of the hedging instrument is identical to the hedged risk component. Certain Brookfield subsidiaries that Brookfield Renewable controls, through a voting agreement, have entered into Master Hedge Agreements appointing Brookfield as their agent in entering into certain derivative transactions with external counterparties to hedge against fluctuations in foreign exchange. Pursuant to each Agreement, Brookfield was entitled to be reimbursed for any third party costs incurred in connection with the these derivative transactions. Substantially all of Brookfield Renewable’s foreign exchange swaps are entered into pursuant to a Master Hedge Agreement. As at December 31, 2023, agreements with a total notional exposure of $6,690 million were outstanding (2022: $3,669 million) including $565 million (2022: $1,804 million) associated with agreements that are not formally designated as hedging instruments. There are no unrealized gains or losses recorded in AOCI on foreign exchange swaps that are expected to be settled or reclassified into income in the next twelve months (2022: nil and 2021: nil). The actual amount reclassified from AOCI, however, could vary due to future changes in market rates. The following table summarizes the foreign exchange swaps designated as hedging instruments: Foreign exchange swaps December 31, 2023 December 31, 2022 Carrying amount (asset/(liability)) (298) (76) Notional amount for hedges of the Colombian Peso (1) 2,602 601 Notional amount for hedges of the euro (1) 644 302 Notional amount for hedges of the British pounds sterling (1) 818 76 Notional amount for hedges of the Chinese yuan (1) 701 575 Notional amount for hedges of the Indian rupee (1) 710 128 Notional amount for hedges of the Brazilian real (1) 607 79 Notional amount for hedges of other currencies (1) 43 104 Maturity date 2024 - 2027 2023 - 2024 Hedge ratio 1:1 1:1 Weighted average hedged rate for the year: COP/$ foreign exchange forward contracts 4,642 5,038 €/$ foreign exchange forward contracts 0.99 0.99 £/$ foreign exchange forward contracts 0.80 0.83 CNY/$ foreign exchange forward contracts 6.92 7.05 INR/$ foreign exchange forward contracts 86 83 BRL/$ foreign exchange forward contracts 5.37 5.69 (1) Notional amounts expressed in millions of U.S. dollars The following table presents a reconciliation of the limited partners’ equity reserves impacted by financial instruments: (MILLIONS) Cash flow Investments Foreign Balance, as at December 31, 2021 $ (48) $ 4 $ (842) Effective portion of changes in fair value arising from: Energy derivative contracts 7 — — Interest rate swaps 52 — — Foreign exchange swaps — — 10 Amount reclassified to profit or loss 37 — — Foreign currency revaluation of designated borrowings — — 68 Foreign currency revaluation of net foreign operations — — (74) Valuation of investments in equity securities designated FVOCI — (3) — Tax effect (29) — (5) Other (2) — (2) Balance, as at December 31, 2022 $ 17 $ 1 $ (845) Effective portion of changes in fair value arising from: Energy derivative contracts 4 — — Interest rate swaps 54 — — Foreign exchange swaps (8) — (8) Amount reclassified to profit or loss (28) — — Foreign currency revaluation of designated borrowings — — (77) Foreign currency revaluation of net foreign operations — — 232 Tax effect (4) — — Other 1 — (3) Balance, as at December 31, 2023 $ 36 $ 1 $ (701)

SEGMENTED INFORMATION

SEGMENTED INFORMATION	12 Months Ended
	Dec. 31, 2023
Disclosure of operating segments [abstract]
SEGMENTED INFORMATION	SEGMENTED INFORMATION Brookfield Renewable’s Chief Executive Officer and Chief Financial Officer (collectively, the chief operating decision maker or “CODM”) review the results of the business, manage operations, and allocate resources based on the type of technology. Brookfield Renewable operations are segmented by – 1) hydroelectric, 2) wind, 3) utility-scale solar, 4) distributed energy and storage (distributed generation and pumped storage), 5) sustainable solutions (renewable natural gas, carbon capture and storage, recycling, cogeneration biomass, nuclear services, and power transformation), and 6) corporate - with hydroelectric further segmented by geography (i.e., North America, Colombia, and Brazil). This best reflects the way in which the CODM reviews results of our company. The reporting to the CODM was revised during the year to disaggregate the distributed energy & sustainable solutions business into distributed energy & storage and sustainable solutions. This change is consistent with the development of Brookfield Renewable’s business as distributed generation and sustainable solutions continue to grow as a more significant component of the business. The financial information of operating segments in the prior period has been restated to present the corresponding results of the distributed energy & storage and sustainable solutions. Reporting to the CODM on the measures utilized to assess performance and allocate resources is provided on a proportionate basis. Information on a proportionate basis reflects Brookfield Renewable’s share from facilities which it accounts for using consolidation and the equity method whereby Brookfield Renewable either controls or exercises significant influence or joint control over the investment, respectively. Proportionate information provides a Unitholder (holders of the GP interest, Redeemable/Exchangeable partnership units, BEPC exchangeable shares and LP units) perspective that the CODM considers important when performing internal analyses and making strategic and operating decisions. The CODM also believes that providing proportionate information helps investors understand the impacts of decisions made by management and financial results allocable to Brookfield Renewable’s Unitholders. Proportionate financial information is not, and is not intended to be, presented in accordance with IFRS. Tables reconciling IFRS data with data presented on a proportionate consolidation basis have been disclosed. Segment revenues, other income, direct operating costs, interest expense, depreciation, current and deferred income taxes, and other are items that will differ from results presented in accordance with IFRS as these items include Brookfield Renewable’s proportionate share of earnings from equity-accounted investments attributable to each of the above-noted items, and exclude the proportionate share of earnings (loss) of consolidated investments not held by us apportioned to each of the above-noted items. Brookfield Renewable does not control those entities that have not been consolidated and as such, have been presented as equity-accounted investments in its consolidated financial statements. The presentation of the assets and liabilities and revenues and expenses does not represent Brookfield Renewable’s legal claim to such items, and the removal of financial statement amounts that are attributable to non-controlling interests does not extinguish Brookfield Renewable’s legal claims or exposures to such items. Brookfield Renewable reports its results in accordance with these segments and presents prior period segmented information in a consistent manner. The accounting policies of the reportable segments are the same as those described in Note 1 – Basis of preparation and material accounting policy information. Brookfield Renewable analyzes the performance of its operating segments based on Funds From Operations. Funds From Operations is not a generally accepted accounting measure under IFRS and therefore may differ from definitions of Funds From Operations used by other entities, as well as the definition of funds from operations used by the Real Property Association of Canada (“REALPAC”) and the National Association of Real Estate Investment Trusts, Inc. (“NAREIT”). Brookfield Renewable uses Funds From Operations to assess the performance of Brookfield Renewable before the effects of certain cash items (e.g., acquisition costs and other typical non-recurring cash items) and certain non-cash items (e.g., deferred income taxes, depreciation, non-cash portion of non-controlling interests, unrealized gain or loss on financial instruments, non-cash gain or loss from equity-accounted investments, and other non-cash items) as these are not reflective of the performance of the underlying business. Brookfield Renewable includes realized disposition gains and losses on assets that we developed and/or did not intend to hold over the long-term within Funds From Operations in order to provide additional insight regarding the performance of investments on a cumulative realized basis, including any unrealized fair value adjustments that were recorded in equity and not otherwise reflected in current period net income. The following table provides each segment’s results in the format that management organizes its segments to make operating decisions and assess performance and reconciles Brookfield Renewable’s proportionate results to the consolidated statements of income (loss) on a line-by-line basis by aggregating the components comprising the earnings from Brookfield Renewable’s investments in associates and reflecting the portion of each line item attributable to non-controlling interests for the year ended December 31, 2023: Attributable to Unitholders Contribution from equity-accounted investments Attributable to non-controlling interests and other (1) As per IFRS financials (2) Hydroelectric Wind Utility-scale solar Distributed energy & storage Sustainable solutions Corporate Total (MILLIONS) North America Brazil Colombia Revenues $ 1,029 $ 240 $ 293 $ 511 $ 365 $ 241 $ 147 $ — $ 2,826 $ (234) $ 2,446 $ 5,038 Other income 22 5 6 146 106 20 19 88 412 (81) 340 671 Direct operating costs (381) (73) (124) (164) (99) (81) (105) (29) (1,056) 110 (987) (1,933) Share of revenue, other income and direct operating costs from equity-accounted investments — — — — — — — — — 205 — 205 670 172 175 493 372 180 61 59 2,182 — 1,799 Management service costs — — — — — — — (205) (205) — — (205) Interest expense (266) (19) (82) (105) (110) (43) (6) (114) (745) 33 (915) (1,627) Current income taxes (2) (7) (17) (6) (1) (4) (3) — (40) 7 (95) (128) Distributions attributable to Preferred limited partners equity — — — — — — — (41) (41) — — (41) Preferred equity — — — — — — — (27) (27) — — (27) Perpetual subordinated notes — — — — — — — (29) (29) — — (29) Share of interest and cash taxes from equity-accounted investments — — — — — — — — — (40) — (40) Share of Funds From Operations attributable to non-controlling interests — — — — — — — — — — (789) (789) Funds From Operations 402 146 76 382 261 133 52 (357) 1,095 — — Depreciation (1,852) Foreign exchange and financial instrument gain 502 Deferred income tax recovery 176 Other (212) Share of earnings from equity-accounted investments 21 Net income attributable to non-controlling interests 170 Net loss attributable to Unitholders (3) $ (100) (1) Amounts attributable to non-controlling interests and other includes certain non-recurring other income items. Refer to Note 7 - Other Income. (2) Share of earnings from equity-accounted investments of $186 million is comprised of amounts found on the Share of revenue, other income and direct operating costs, Share of interest and cash taxes and Share of earnings lines. Net income attributable to participating non-controlling interests – in operating subsidiaries of $619 million is comprised of amounts found on Share of Funds From Operations attributable to non-controlling interests and Net Income attributable to non-controlling interests. (3) Net income (loss) attributable to Unitholders includes net income (loss) attributable to GP interest, Redeemable/Exchangeable partnership units, BEPC exchangeable shares and LP units. Total net income (loss) includes amounts attributable to Unitholders, non-controlling interests, preferred limited partners equity, preferred equity, and perpetual subordinated notes . The following table provides each segment’s results in the format that management organizes its segments to make operating decisions and assess performance and reconciles Brookfield Renewable’s proportionate results to the consolidated statements of income (loss) on a line-by-line basis by aggregating the components comprising the earnings from Brookfield Renewable’s investments in associates and reflecting the portion of each line item attributable to non-controlling interests for the year ended December 31, 2022: Attributable to Unitholders Contribution from equity-accounted investments Attributable to non-controlling interests As per IFRS financials (1) Hydroelectric Wind Utility-scale solar Distributed energy & storage Sustainable solutions Corporate Total (MILLIONS) North America Brazil Colombia Revenues $ 964 $ 197 $ 273 $ 538 $ 374 $ 242 $ 48 $ — $ 2,636 $ (188) $ 2,263 4,711 Other income 15 22 10 56 90 23 3 73 292 (19) (137) 136 Direct operating costs (376) (52) (82) (164) (102) (76) (43) (31) (926) 86 (594) (1,434) Share of revenue, other income and opex from equity-accounted investments — — — — — — — — — 121 7 128 603 167 201 430 362 189 8 42 2,002 — 1,539 Management service costs — — — — — — — (243) (243) — — (243) Interest expense (185) (20) (57) (96) (102) (40) (2) (94) (596) 19 (647) (1,224) Current income taxes (6) (9) (27) (8) (7) (1) — (1) (59) 10 (99) (148) Distributions attributable to Preferred limited partners equity — — — — — — — (44) (44) — — (44) Preferred equity — — — — — — — (26) (26) — — (26) Perpetual subordinated notes — — — — — — — (29) (29) — — (29) Share of interest and cash taxes from equity-accounted investments — — — — — — — — — (29) (8) (37) Share of Funds From Operations attributable to non-controlling interests — — — — — — — — — — (785) (785) Funds From Operations 412 138 117 326 253 148 6 (395) 1,005 — — Depreciation (1,583) Foreign exchange and financial instrument loss (133) Deferred income tax recovery 150 Other (190) Share of earnings from equity-accounted investments 5 Net income attributable to non-controlling interests 451 Net loss attributable to Unitholders (2) $ (295) (1) Share of earnings from equity-accounted investments of $96 million is comprised of amounts found on the Share of revenue, other income and direct operating costs, Share of interest and cash taxes and Share of earnings lines. Net income attributable to participating non-controlling interests – in operating subsidiaries of $334 million is comprised of amounts found on Share of Funds From Operations attributable to non-controlling interests and Net income attributable to non-controlling interests. (2) Net income (loss) attributable to Unitholders includes net income (loss) attributable to GP interest, Redeemable/Exchangeable partnership units and LP units. Total net income (loss) includes amounts attributable to Unitholders, non-controlling interests, preferred limited partners equity and preferred equity. The following table provides each segment’s results in the format that management organizes its segments to make operating decisions and assess performance and reconciles Brookfield Renewable’s proportionate results to the consolidated statements of income (loss) on a line-by-line basis by aggregating the components comprising the earnings from Brookfield Renewable’s investments in associates and reflecting the portion of each line item attributable to non-controlling interests for the year ended December 31, 2021: Attributable to Unitholders Contribution from equity-accounted investments Attributable to non-controlling interests As per IFRS financials (1) Hydroelectric Wind Utility-scale solar Distributed energy & storage Sustainable solutions Corporate Total (MILLIONS) North America Brazil Colombia Revenues $ 876 $ 169 $ 224 $ 556 $ 348 $ 215 $ 27 $ — $ 2,415 $ (163) $ 1,844 4,096 Other income 42 36 14 126 39 — 3 41 301 (11) 14 304 Direct operating costs (349) (50) (79) (171) (89) (55) (17) (30) (840) 75 (600) (1,365) Share of revenue, other income and direct operating costs from equity-accounted investments — — — — — — — — — 99 43 142 569 155 159 511 298 160 13 11 1,876 — 1,301 Management service costs — — — — — — — (288) (288) — — (288) Interest expense (158) (20) (28) (106) (111) (30) (8) (78) (539) 29 (471) (981) Current income taxes (2) (4) (3) (9) (2) (2) — — (22) 3 (24) (43) Distributions attributable to Preferred limited partners equity — — — — — — — (55) (55) — — (55) Preferred equity — — — — — — — (26) (26) — — (26) Perpetual subordinated notes — — — — — — — (12) (12) — — (12) Share of interest and cash taxes from equity-accounted investments — — — — — — — — — (32) (33) (65) Share of Funds From Operations attributable to non-controlling interests — — — — — — — — — — (773) (773) Funds From Operations 409 131 128 396 185 128 5 (448) 934 — — Depreciation (1,501) Foreign exchange and financial instrument loss (32) Deferred income tax recovery 29 Other (307) Share of earnings from equity-accounted investments (55) Net income attributable to non-controlling interests 564 Net loss attributable to Unitholders (2) $ (368) (1) Share of earnings from equity-accounted investments of $22 million is comprised of amounts found on the Share of revenue, other income and direct operating costs, Share of interest and cash taxes and Share of earnings lines. Net income attributable to participating non-controlling interests – in operating subsidiaries of $209 million is comprised of amounts found on Share of Funds From Operations attributable to non-controlling interests and Net income attributable to non-controlling interests. (2) Net income (loss) attributable to Unitholders includes net income (loss) attributable to GP interest, Redeemable/Exchangeable partnership units and LP units. Total net income (loss) includes amounts attributable to Unitholders, non-controlling interests, preferred limited partners equity and preferred equity. The following table presents information on a segmented basis about certain items in our company’s consolidated statements of financial position and reconciles our proportionate balances to the consolidated statements of financial position basis by aggregating the components comprising Brookfield Renewable's investments in associates and reflecting the portion of each line item attributable to non-controlling interests: Attributable to Unitholders Contribution from equity-accounted investments Attributable to non-controlling interests As per IFRS financials Hydroelectric Wind Utility-scale solar Distributed energy & storage Sustainable solutions Corporate Total (MILLIONS) North America Brazil Colombia As at December 31, 2023 Cash and cash equivalents $ 77 $ 20 $ 12 $ 225 $ 123 $ 50 $ 30 $ 3 $ 540 $ (85) $ 686 $ 1,141 Property, plant and equipment 15,134 1,694 2,490 6,024 3,635 2,386 341 — 31,704 (1,578) 33,879 64,005 Total assets 16,143 1,880 2,738 6,802 4,518 2,842 1,540 257 36,720 (1,529) 40,937 76,128 Total liabilities 9,231 531 1,645 4,727 3,484 1,705 1,126 3,159 25,608 (1,529) 22,070 46,149 As at December 31, 2022 Cash and cash equivalents $ 55 $ 15 $ 14 $ 150 $ 139 $ 61 $ 11 $ — $ 445 $ (43) $ 596 $ 998 Property, plant and equipment 15,331 1,743 1,826 4,853 3,046 2,110 227 — 29,136 (1,165) 26,312 54,283 Total assets 16,971 1,880 2,036 5,565 3,520 2,416 378 581 33,347 (587) 31,351 64,111 Total liabilities 9,456 892 625 3,709 2,874 1,322 113 2,827 21,818 (577) 16,584 37,825 Geographical Information The following table presents consolidated revenue split by reportable segment for the year ended December 31: (MILLIONS) 2023 2022 2021 Hydroelectric North America $ 1,135 $ 1,211 $ 1,044 Brazil 269 181 177 Colombia 1,285 1,135 929 2,689 2,527 2,150 Wind 1,213 1,146 1,074 Utility-scale solar 751 700 563 Distributed energy & storage 350 298 267 Sustainable solutions 35 40 42 Total $ 5,038 $ 4,711 $ 4,096 The following table presents consolidated property, plant and equipment and equity-accounted investments split by geography: (MILLIONS) December 31, 2023 December 31, 2022 United States $ 34,303 $ 29,056 Colombia 10,585 8,264 Canada 7,483 7,560 Brazil 5,622 4,754 Europe 5,046 3,963 Asia 3,320 1,932 Other 192 146 $ 66,551 $ 55,675

OTHER INCOME

OTHER INCOME	12 Months Ended
	Dec. 31, 2023
Other income [abstract]
OTHER INCOME	OTHER INCOME Brookfield Renewable’s other income for the year ended December 31 is comprised of the following: (MILLIONS) 2023 2022 2021 Interest and other investment income $ 107 $ 68 $ 59 Gain on regulatory and contract settlement 22 43 35 Gain on disposition of non core assets and development assets 72 — 202 Other (1) 470 25 8 $ 671 $ 136 $ 304 (1)

DIRECT OPERATING COSTS

DIRECT OPERATING COSTS	12 Months Ended
	Dec. 31, 2023
Disclosure Direct Operating Costs [Abstract]
DIRECT OPERATING COSTS	DIRECT OPERATING COSTS Brookfield Renewable’s direct operating costs for the year ended December 31 are comprised of the following: (MILLIONS) Notes 2023 2022 2021 Fuel and power purchases (1)(2) $ (574) $ (400) $ (390) Salaries and benefits (464) (325) (293) Operations and maintenance (347) (309) (285) Water royalties, property taxes and other regulatory fees (238) (205) (201) Insurance (72) (71) (68) Professional fees (122) (59) (56) Other related party services 28 (5) (1) (8) Other (111) (64) (64) $ (1,933) $ (1,434) $ (1,365) (1) Fuel and power purchases are primarily attributable to our portfolio in Colombia. (2) Includes $80 million in 2021 relating to the Texas winter storm event which reflect the cost of acquiring energy to cover our contractual obligations for our wind assets that were not generating during the period due to freezing conditions, net of hedging initiatives.

OTHER

OTHER	12 Months Ended
	Dec. 31, 2023
Disclosure Other [Abstract]
OTHER	OTHER Brookfield Renewable’s other for the year ended December 31 is comprised of the following: (MILLIONS) Notes 2023 2022 2021 Change in fair value of property, plant and equipment $ (164) $ (61) $ (63) Amortization of service concession assets (11) (15) (14) Transaction costs (5) (2) (8) Legal provisions 27 — (6) (58) Other (32) (106) (164) $ (212) $ (190) $ (307)

FOREIGN CURRENCY TRANSLATION

FOREIGN CURRENCY TRANSLATION	12 Months Ended
	Dec. 31, 2023
Disclosure Foreign Currency Translation [Abstract]
FOREIGN CURRENCY TRANSLATION	FOREIGN CURRENCY TRANSLATION Brookfield Renewable’s foreign currency translation for the year ended December 31 shown in the consolidated statements of comprehensive income is comprised of the following: (MILLIONS) Notes 2023 2022 2021 Foreign currency translation on Property, plant and equipment, at fair value 12 $ 2,798 $ (2,011) $ (1,510) Goodwill 17 150 (131) (121) Borrowings 13 (818) 975 436 Deferred income tax liabilities and assets 11 (698) 526 318 Other assets and liabilities (115) (6) 18 $ 1,317 $ (647) $ (859)

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2023
Major components of tax expense (income) [abstract]
INCOME TAXES	INCOME TAXES The major components of income tax recovery (expense) for the year ended December 31 are as follows: (MILLIONS) 2023 2022 2021 Income tax recovery (expense) applicable to: Current taxes Attributed to the current period $ (128) $ (148) $ (43) Deferred taxes Income taxes – origination and reversal of temporary differences 193 125 160 Relating to change in tax rates / imposition of new tax laws — 10 (147) Relating to unrecognized temporary differences and tax losses (17) 15 16 176 150 29 Total income tax recovery (expense) $ 48 $ 2 $ (14) The major components of deferred income tax (expense) recovery for the year ended December 31 recorded directly to other comprehensive income are as follows: (MILLIONS) 2023 2022 2021 Deferred income taxes attributed to: Financial instruments designated as cash flow hedges $ (15) $ (75) $ 3 Other 5 (17) (13) Revaluation surplus Origination and reversal of temporary differences 77 (881) (1,003) Relating to changes in tax rates / imposition of new tax laws 1 34 (159) $ 68 $ (939) $ (1,172) Brookfield Renewable’s effective income tax recovery (expense) for the year ended December 31 is different from its recovery at its statutory income tax rate due to the differences below: (MILLIONS) 2023 2022 2021 Statutory income tax recovery (expense) (1) $ (165) $ (38) $ 14 Reduction (increase) resulting from: Decrease in tax assets not recognized (11) (10) (5) Differences between statutory rate and future tax rate and tax rate changes — 10 (147) Non-controlling interest 98 20 2 Subsidiaries’ income taxed at different rates 125 29 127 Other 1 (9) (5) Effective income tax recovery (expense) $ 48 $ 2 $ (14) (1) Statutory income tax expense is calculated using domestic rates applicable to the profits in the relevant country. The above reconciliation has been prepared by aggregating the information for all of Brookfield Renewable’s subsidiaries using the domestic rate in each tax jurisdiction. Brookfield Renewable’s effective income tax rate was (8.5)% for the year ended December 31, 2023 (2022: (1.5)% and 2021: (26.9)%). The effective tax rate is different than the statutory rate primarily due to rate differentials, legislative changes in tax rates during the year, changes in tax assets not recognized and non-controlling interests’ income not subject to tax. The following table details the expiry date, if applicable, of the unrecognized deferred tax assets as at December 31: (MILLIONS) 2023 2022 2021 Less than four years $ 12 $ 9 $ 5 Thereafter 166 144 138 The deferred tax assets and liabilities of the following temporary differences have been recognized in the consolidated financial statements for the year ended December 31: (MILLIONS) Non-capital Difference Net deferred As at January 1, 2021 $ 1,140 $ (6,450) $ (5,310) Recognized in net income 23 6 29 Recognized in equity 8 (1,068) (1,060) Business combination (28) 33 5 Foreign exchange 6 312 318 As at December 31, 2021 1,149 (7,167) (6,018) Recognized in net income 132 18 150 Recognized in equity — (947) (947) Business combination — (42) (42) Foreign exchange (8) 534 526 As at December 31, 2022 1,273 (7,604) (6,331) Recognized in net income 101 75 176 Recognized in equity — 113 113 Business combination 78 (268) (190) Foreign exchange 6 (704) (698) As at December 31, 2023 $ 1,458 $ (8,388) $ (6,930) The deferred income tax liabilities include $6,885 million (2022: $6,914 million and 2021: $6,082 million) of liabilities which relate to property, plant and equipment revaluations included in equity. The unrecognized taxable temporary difference attributable to Brookfield Renewable’s interest in its subsidiaries, branches, associates, and joint ventures is $5,203 million (2022: $6,028 million and 2021: $5,856 million).

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, AT FAIR VALUE	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about property, plant and equipment [abstract]
PROPERTY, PLANT AND EQUIPMENT, AT FAIR VALUE	PROPERTY, PLANT AND EQUIPMENT, AT FAIR VALUE The following table presents a reconciliation of property, plant and equipment at fair value: (MILLIONS) Notes Hydroelectric Wind Solar Other (1) Total Property, plant and equipment, at fair value As at December 31, 2021 $ 31,513 $ 9,115 $ 7,389 $ 188 $ 48,205 Additions, net (2) 5 (194) (65) (7) (261) Transfer from construction work-in-progress 183 911 1,071 7 2,172 Acquisitions through business combinations 3 — 1,418 495 — 1,913 Disposals (97) — — — (97) Transfer to assets held for sale (677) — — — (677) Items recognized through OCI: Change in fair value 2,490 779 (31) 77 3,315 Foreign exchange 10 (1,634) (178) (191) 7 (1,996) Items recognized through net income: Change in fair value (2) 8 (44) (2) (40) Depreciation 8 (613) (557) (385) (28) (1,583) As at December 31, 2022 31,168 11,302 8,239 242 50,951 Additions (3) 5 60 394 — 459 Transfer from construction work-in-progress 154 934 851 2 1,941 Acquisitions through business combinations 3 — 3,177 1,980 — 5,157 Disposals (4) 4 — — (30) (5) (35) Items recognized through OCI: Change in fair value (466) 367 28 (36) (107) Foreign exchange 10 2,435 113 178 9 2,735 Items recognized through net income: Change in fair value (7) (13) (164) 24 (160) Depreciation 8 (643) (716) (454) (39) (1,852) As at December 31, 2023 $ 32,646 $ 15,224 $ 11,022 $ 197 $ 59,089 Construction work-in-progress As at December 31, 2021 $ 278 $ 295 $ 649 $ 5 $ 1,227 Additions, net 209 1,155 1,325 7 2,696 Transfer to property, plant and equipment (183) (911) (1,071) (7) (2,172) Acquisitions through business combinations — 347 827 — 1,174 Transfer to assets held for sale (8) — — — (8) Items recognized through OCI: Change in fair value — 269 161 — 430 Foreign exchange 10 3 (23) 6 (1) (15) As at December 31, 2022 299 1,132 1,897 4 3,332 Additions 159 1,026 1,509 10 2,704 Transfer to property, plant and equipment (154) (934) (851) (2) (1,941) Acquisitions through business combinations 3 — 449 346 — 795 Items recognized through OCI: Change in fair value — (60) 80 — 20 Foreign exchange 10 (3) 28 38 — 63 Items recognized through net income: Change in fair value (1) (24) (32) — (57) As at December 31, 2023 $ 300 $ 1,617 $ 2,987 $ 12 $ 4,916 Total property, plant and equipment, at fair value As at December 31, 2022 (5)(6) $ 31,467 $ 12,434 $ 10,136 $ 246 $ 54,283 As at December 31, 2023 (5)(6) $ 32,946 $ 16,841 $ 14,009 $ 209 $ 64,005 (1) Includes biomass and cogeneration. (2) Includes fair value changes to decommissioning assets of nil (2022: $255 million). (3) Includes adjustments to purchase price allocations. Refer to Note 3 - Acquisitions for more details. (4) Relates to disposal of significant assets. See Note 4 - Disposal of assets for additional details. (5) Includes right-of-use assets not subject to revaluation of $60 million (2022: $64 million) in hydroelectric, $284 million (2022: $242 million) in wind, $385 million (2022: $215 million) in solar and nil (2022: nil) in other. During the year ended December 31, 2023, Brookfield Renewable, together with its institutional partners, completed the acquisitions of the following investments. They are accounted for as asset acquisitions as they do not constitute business combinations under IFRS 3: • A series of distributed generation assets in the U.S. totaling 99 MW, with $156 million of property, plant and equipment included in the consolidated statements of financial position at the acquisition date. Brookfield Renewable holds a 25% economic interest. • A 48 MW portfolio of wind assets in China, with $53 million of property, plant and equipment included in the consolidated statements of financial position at the acquisition date. Brookfield Renewable holds a 25% economic interest. • A 50 MW portfolio of wind assets in China, with $68 million of property, plant and equipment included in the consolidated statements of financial position at the acquisition date. Brookfield Renewable holds a 20% economic interest. • A series of distributed generation assets in U.S. totaling 82 MW, with $86 million of property, plant and equipment included in the consolidated statements of financial position at the acquisition date. Brookfield Renewable holds a 20% economic interest. • A 60 MW portfolio of operating solar facilities in Colombia, with $71 million of property, plant and equipment included in the consolidated statements of financial position at the acquisition date. The company holds a 23% economic interest. The fair value of Brookfield Renewable’s property, plant and equipment is calculated as described in Notes 1(g) – and 1(r)(i) – Critical estimates – Property, plant and equipment. Judgment is involved in determining the appropriate estimates and assumptions in the valuation of Brookfield Renewable’s property, plant and equipment. See Note 1(s)(iii) – Critical judgments in applying accounting policies – Property, plant and equipment. Brookfield Renewable has classified its property, plant and equipment under level 3 of the fair value hierarchy. Discount rates, terminal capitalization rates and terminal years used in the valuation methodology are provided in the following table: North America Colombia Brazil Europe 2023 2022 2023 2022 2023 2022 2023 2022 Discount rate (1) Contracted 5.1% - 5.7% 4.9% - 5.4% 8.7 % 8.5 % 8.4 % 8.2 % 4.8% 4.4 % Uncontracted 6.3% - 7.0% 6.2% - 6.7% 10.0 % 9.7 % 9.7 % 9.5 % 4.8% 4.4 % Terminal capitalization rate (2) 4.4% - 5.0% 4.3% - 4.9% 8.0 % 7.7 % N/A N/A N/A N/A Terminal year (3) 2046 2044 2043 2042 2053 2051 2037 2036 (1) Discount rates are not adjusted for asset specific risks. (2) The terminal capitalization rate applies only to hydroelectric assets in the United States, Canada and Colombia. (3) For hydroelectric assets, terminal year refers to the valuation date of the terminal value. The following table summarizes the impact of a change in discount rates, electricity prices and terminal capitalization rates on the fair value of property, plant and equipment: 2023 (MILLIONS) North America Colombia Brazil Europe Total 25 bps increase in discount rates $ (1,400) $ (340) $ (120) $ (40) $ (1,900) 25 bps decrease in discount rates 1,550 380 130 40 2,100 5% increase in future energy prices 1,350 540 140 — 2,030 5% decrease in future energy prices (1,340) (540) (140) — (2,020) 25 bps increase in terminal capitalization rate (450) (80) — — (530) 25 bps decrease in terminal capitalization rate 500 90 — — 590 2022 (MILLIONS) North America Colombia Brazil Europe Total 25 bps increase in discount rates $ (1,530) $ (310) $ (110) $ (50) $ (2,000) 25 bps decrease in discount rates 1,650 260 110 50 2,070 5% increase in future energy prices 1,280 440 120 — 1,840 5% decrease in future energy prices (1,270) (440) (120) — (1,830) 25 bps increase in terminal capitalization rate (490) (70) — — (560) 25 bps decrease in terminal capitalization rate 540 80 — — 620 Terminal values are included in the valuation of hydroelectric assets in the United States, Canada and Colombia. For the hydroelectric assets in Brazil, cash flows have been included based on the duration of the authorization or useful life of a concession asset plus a one-time 30-year renewal term for the majority of the hydroelectric assets. The weighted-average remaining duration of the authorization or useful life of a concession asset at December 31, 2023, including a one-time 30-year renewal for applicable hydroelectric assets, is 34 years (2022: 35 years). Consequently, there is no terminal value attributed to the hydroelectric assets in Brazil at the end of the authorization term. The following table summarizes the percentage of total generation contracted under power purchase agreements as at December 31, 2023: North America Colombia Brazil Europe 1 - 5 years 75 % 61 % 81 % 100 % 6 - 10 years 57 % 29 % 70 % 76 % Thereafter 30 % 3 % 40 % 47 % The following table summarizes average power prices from long-term power purchase agreements that are linked specifically to the related power generating assets: Per MWh (1) North America Colombia Brazil Europe 1 - 10 years $ 77 COP 294,000 R$ 313 € 73 11 - 20 years 74 357,000 381 65 (1) Assumes nominal prices based on weighted-average generation. The following table summarizes the estimates of future electricity prices: Per MWh (1) North America Colombia Brazil Europe 1 - 10 years $ 92 COP 412,000 R$ 279 € 62 11 - 20 years 117 600,000 424 65 (1) Assumes nominal prices based on weighted-average generation. Brookfield Renewable’s long-term view is anchored to the cost of securing new energy from renewable sources to meet future demand growth between 2027 and 2035. A further one year change would increase or decrease the fair value of property, plant and equipment by approximately $153 million (2022: $140 million). Had Brookfield Renewable’s revalued property, plant and equipment been measured on a historical cost basis, the carrying amounts, net of accumulated depreciation would have been as follows at December 31: (MILLIONS) 2023 2022 Hydroelectric $ 10,582 $ 9,812 Wind 14,071 10,146 Solar 12,508 8,576 Other (1) 179 158 $ 37,340 $ 28,692 (1) Includes biomass and cogeneration.

BORROWINGS

BORROWINGS	12 Months Ended
	Dec. 31, 2023
LONG-TERM DEBT AND CREDIT FACILITIES [Abstract]
BORROWINGS	BORROWINGS Corporate Borrowings The composition of corporate borrowings as at December 31 is presented in the following table: December 31, 2023 December 31, 2022 Weighted-average Weighted-average (MILLIONS EXCEPT AS NOTED) Interest rate (%) Term (years) Carrying value Estimated fair value Interest rate (%) Term (years) Carrying value Estimated fair value Credit facilities N/A 5 $ — $ — N/A 5 $ — $ — Commercial paper 6.0 <1 183 183 5.1 <1 249 249 Medium-Term Notes: Series 4 (C$150) 5.8 13 113 121 5.8 14 111 114 Series 9 (C$400) 3.8 1 302 297 3.8 2 295 286 Series 10 (C$500) 3.6 3 377 366 3.6 4 369 350 Series 11 (C$475) 4.3 5 358 353 4.3 6 351 338 Series 12 (C$475) 3.4 6 358 335 3.4 7 351 316 Series 13 (C$300) 4.3 26 226 201 4.3 27 221 184 Series 14 (C$425) 3.3 27 321 240 3.3 28 314 218 Series 15 (C$400) (1) 5.9 9 303 324 5.9 10 295 307 Series 16 (C$400) 5.3 10 302 311 — — — — 4.3 10 2,660 2,548 4.1 11 2,307 2,113 Total corporate borrowings 2,843 $ 2,731 2,556 $ 2,362 Add: Unamortized premiums (2) 2 2 Less: Unamortized financing fees (2) (12) (10) Less: Current portion (183) (249) $ 2,650 $ 2,299 (1) Includes $8 million (2022: $7 million) outstanding to Brookfield Reinsurance. Refer to Note 28 - Related party transactions for more details. (2) Unamortized premiums and unamortized financing fees are amortized over the terms of the borrowing. The following table outlines the change in the unamortized financing fees of corporate borrowings for the year ended December 31: (MILLIONS) 2023 2022 Corporate borrowings Unamortized financing fees, beginning of year $ (10) $ (10) Additional financing fees (3) (1) Amortization of financing fees 1 1 Unamortized financing fees, end of year $ (12) $ (10) Credit facilities Brookfield Renewable had $183 million commercial paper outstanding as at December 31, 2023 (2022: $249 million). Brookfield Renewable issues letters of credit from its corporate credit facilities for general corporate purposes which include, but are not limited to, security deposits, performance bonds and guarantees for debt service reserve accounts. See Note 27 – Commitments, contingencies and guarantees for letters of credit issued by subsidiaries. The following table summarizes the available portion of corporate credit facilities as at December 31: (MILLIONS) 2023 2022 Authorized corporate credit facilities and related party credit facilities (1) $ 2,375 $ 2,375 Draws on corporate credit facilities (1)(2) (165) — Authorized letter of credit facility 500 500 Issued letters of credit (307) (344) Available portion of corporate credit facilities $ 2,403 $ 2,531 (1) Amounts are guaranteed by Brookfield Renewable. (2) Relates to letter of credit issued against Brookfield Renewable’s corporate credit facilities. Medium-term notes Corporate borrowings are obligations of a finance subsidiary of Brookfield Renewable, Brookfield Renewable Partners ULC (“Canadian Finco”) (Note 30 – Subsidiary Public Issuers). Canadian Finco may redeem some or all of the borrowings from time to time, pursuant to the terms of the indenture. The balance is payable upon maturity, and interest on corporate borrowings is paid semi-annually. The term notes payable by Canadian Finco are unconditionally guaranteed by Brookfield Renewable, Brookfield Renewable Energy L.P. (“BRELP”) and certain other subsidiaries. In the first quarter of 2023, Brookfield Renewable issued C$400 million of Series 16 medium-term notes. The medium-term notes have a fixed interest rate of 5.29% and a maturity date of October 28, 2033. The Series 16 medium-term notes are corporate-level green bonds. Non-recourse borrowings Non-recourse borrowings are typically asset-specific, long-term, non-recourse borrowings denominated in the domestic currency of the subsidiary. Non-recourse borrowings in North America and Europe consist of both fixed and floating interest rate debt indexed to the Secured Overnight Financing Rate (“SOFR”), the Sterling Overnight Index Average (“SONIA”), the Euro Interbank Offered Rate (“EURIBOR”) and the Canadian Dollar Offered Rate (“CDOR”). Brookfield Renewable uses interest rate swap agreements in North America and Europe to minimize its exposure to floating interest rates. Non-recourse borrowings in Brazil consist of floating interest rates of Taxa de Juros de Longo Prazo (“TJLP”), the Brazil National Bank for Economic Development’s long-term interest rate, or Interbank Deposit Certificate rate (“CDI”), plus a margin. Non-recourse borrowings in Colombia consist of both fixed and floating interest rates indexed to Indicador Bancario de Referencia rate (“IBR”), the Banco Central de Colombia short-term interest rate, and Colombian Consumer Price Index (“IPC”), Colombia inflation rate, plus a margin. Non-Recourse borrowings in India consist of both fixed and floating interest indexed to Prime lending rate of lender (“MCLR”). Non-recourse borrowings in China consist of floating interest rates of People's Bank of China (“PBOC”). Effective January 1, 2022, SONIA replaced the £ London Interbank Offered Rate (“LIBOR”), and Euro Short-term Rate (“€STR”) replaced € LIBOR. The Canadian Overnight Repo Rate Average (“CORRA”) is expected to replace CDOR after June 28, 2024. As at December 31, 2023, Brookfield Renewable’s floating rate borrowings have not been materially impacted by SONIA and €STR reforms. Brookfield Renewable has completed an assessment and implemented its transition plan to address the impact and effect changes as a result of amendments to the contractual terms for the replacement of US$ LIBOR with SOFR referenced floating-rate borrowings, interest rate swaps, and updating hedge designations. The adoption did not have a significant impact on Brookfield Renewable’s financial reporting. The composition of non-recourse borrowings as at December 31 is presented in the following table: December 31, 2023 December 31, 2022 Weighted-average Weighted-average (MILLIONS EXCEPT AS NOTED) Weighted-average interest rate (%) Term (years) Carrying value Estimated fair value Weighted-average interest rate (%) Term (years) Carrying value Estimated fair value Non-recourse borrowings (1)(2) Hydroelectric 7.8 9 $ 9,468 $ 9,292 7.2 10 $ 8,813 $ 8,104 Wind 6.1 9 6,866 6,922 5.4 8 5,943 5,824 Utility-scale solar 6.2 12 5,868 5,879 5.6 13 4,625 4,502 Distributed energy & storage (3) 6.2 6 3,035 2,963 5.3 8 2,593 2,340 Sustainable solutions 7.0 1 1,783 1,783 5.9 2 347 347 Total 6.8 9 27,020 $ 26,839 6.2 10 22,321 $ 21,117 Add: Unamortized premiums and discounts (4) (11) 105 Less: Unamortized financing fees (4) (140) (124) Less: Current portion (4,752) (2,027) $ 22,117 $ 20,275 (1) Includes $2,626 million (2022: $1,838 million) borrowed under a subscription facility of a Brookfield sponsored private fund. (2) Includes $101 million (2022: $93 million) outstanding to an associate of Brookfield. Refer to Note 28 - Related party transactions for more details. (3) Includes adjustments to purchase price allocations. Refer to Note 3 - Acquisitions for more details. (4) Unamortized premiums, discounts, and financing fees are amortized over the terms of the borrowing. Future repayments of Brookfield Renewable’s non-recourse borrowings for each of the next five years and thereafter are as follows: (MILLIONS) 2024 2025 2026 2027 2028 Thereafter Total Non-recourse borrowings Hydroelectric $ 664 $ 691 $ 1,610 $ 718 $ 602 $ 5,183 $ 9,468 Wind 1,081 615 731 529 725 3,185 6,866 Utility-scale solar 954 552 370 323 639 3,030 5,868 Distributed energy & storage 270 471 345 362 191 1,396 3,035 Sustainable solutions 1,783 — — — — — 1,783 $ 4,752 $ 2,329 $ 3,056 $ 1,932 $ 2,157 $ 12,794 $ 27,020 The following table outlines the change in the unamortized financing fees of non-recourse borrowings for the year ended December 31: (MILLIONS) 2023 2022 Non-recourse borrowings Unamortized financing fees, beginning of year $ (124) $ (132) Additional financing fees (50) (49) Amortization of financing fees 25 36 Foreign exchange translation and other 9 21 Unamortized financing fees, end of year $ (140) $ (124) The following table outlines the change in the unamortized premiums of non-recourse borrowings for the year ended December 31: (MILLIONS) 2023 2022 Non-recourse borrowings Unamortized premiums and discounts, beginning of year $ 105 $ 160 Additional premiums and discounts (90) (13) Amortization of premiums and discounts (14) (15) Foreign exchange translation and other (12) (27) Unamortized premiums and discounts, end of year $ (11) $ 105 Brookfield Renewable’s financing and refinancing completed for the year ended December 31, 2023 are as follows: Period Closed Region Technology Average Interest rate (1) Maturity Carrying Value Q1 2023 US Distributed generation 7.03% Financing 2026 $100 million Q1 2023 China Wind 4.40% Financing 2040 CNY 971 million ( $141 million) Q1 2023 China Wind 4.60% Financing 2030 CNY 200 million ($29 million) Q1 2023 China Wind 4.60% Financing 2039 CNY 70 million ( $10 million) Q1 2023 China Wind 4.40% Financing 2039 CNY 97 million ($14 million) Q2 2023 India Solar MCLR Financing 2043 INR 10 billion ( $123 million) Q2 2023 Brazil Wind CDI Financing 2024 BRL $450 million ($93 million) Q2 2023 Canada Hydroelectric 6.19% Financing 2045 CAD $30 million ($22 million) Q2 2023 US Solar 6.62% Financing 2058 - 2060 $45 million Q2 2023 US Wind SOFR Refinancing 2033 $311 million Q3 2023 Brazil Wind CDI Financing 2047 $300 million ($60 million) Q3 2023 Canada Solar CDOR Financing 2038 (2) CAD $34 million ($23 million) Q3 2023 US Wind SOFR Financing 2026 $175 million Q3 2023 China Wind PBOC Financing 2040 CNY 273 million ($37 million) Q3 2023 Colombia Hydro IBR Financing 2033 COP 687 billion ($169 million) Q4 2023 China Wind 5.00% Financing 2039 CNY 1.5 billion ($203 million) Q4 2023 China Wind 4.20% Financing 2041 CNY 298 million ($42 million) Q4 2023 India Solar 8.80% Financing 2043 INR 7.4 billion ( $90 million) Q4 2023 Brazil Hydro 7.72% Refinancing 2024 BRL $800 million ($164 million) Q4 2023 US Hydro 6.16% Refinancing 2032 $80 million Q4 2023 US Hydro 7.75% Refinancing 2033 $125 million Q4 2023 US Wind SOFR Financing 2034 (3) $52 million Q4 2023 US Wind SOFR Financing 2024 $140 million Q4 2023 US Solar SOFR Financing 2024 $39 million Q4 2023 US Solar SOFR Financing 2028 $48 million Q4 2023 US Solar SOFR Financing 2024 $61 million Q4 2023 US Various SOFR Financing 2025 $200 million Q4 2023 US Various SOFR Financing 2028 $600 million Q4 2023 Colombia Hydro IBR Financing 2033 COP $100 billion ($25 million) (1) Benchmarked financings bear a variable interest at the applicable rate plus a margin. (2) Term conversion date in 2024 automatically rolling into a maturity of 2038. (3) Term conversion date in 2024 automatically rolling into a maturity of 2034. In the second quarter of 2023, the Company extended the maturity of its $650 million credit facility associated with the United States business to mature in 2026. In the fourth quarter of 2023, the Company extended the maturity of its $46 million credit facility associated with US wind assets to mature in 2024. In the fourth quarter of 2023, the Company extended the maturity of its $64 million credit facility associated with US wind assets to mature in 2030. In the fourth quarter of 2023, the Company extended the maturity of its $25 million credit facility associated with the United States business to mature in 2025. In the fourth quarter of 2023, the Company extended the maturity of its $75 million credit facility associated with the US distributed generation business to mature in 2024. Supplemental Information The following table outlines changes in Brookfield Renewable’s borrowings for the year ended December 31: (MILLIONS) January 1 Net cash flows from financing activities (1) Non-cash Acquisition Disposal Transfer to liabilities held for sale Other (2)(3)(4) December 31 2023 Corporate borrowings $ 2,548 228 — — — 57 $ 2,833 Non-recourse borrowings $ 22,302 2,279 2,073 (164) — 379 $ 26,869 2022 Corporate borrowings $ 2,149 545 — — — (146) $ 2,548 Non-recourse borrowings $ 19,380 3,254 443 — (171) (604) $ 22,302 (1) Excludes $307 million (2022: $233 million) of net cash flow from financing activities related to tax equity recorded on the consolidated statements of cash flows. (2) Includes foreign exchange and amortization of unamortized premium and financing fees. (3) Includes $103 million (2022: $129 million) of non-recourse borrowings acquired through asset acquisitions. (4) Includes adjustments to purchase price allocations. Refer to Note 3 - Acquisitions for more details.

NON-CONTROLLING INTERESTS

NON-CONTROLLING INTERESTS	12 Months Ended
	Dec. 31, 2023
Non Controlling Interest [Abstract]
NON-CONTROLLING INTERESTS	NON-CONTROLLING INTERESTS Brookfield Renewable’s non-controlling interests are comprised of the following as at December 31: (MILLIONS) 2023 2022 Participating non-controlling interests – in operating subsidiaries $ 18,863 $ 14,755 General partnership interest in a holding subsidiary held by Brookfield 55 59 Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield 2,684 2,892 BEPC exchangeable shares 2,479 2,561 Preferred equity 583 571 Perpetual subordinated notes 592 592 $ 25,256 $ 21,430 Participating non-controlling interests – in operating subsidiaries The net change in participating non-controlling interests – in operating subsidiaries is as follows: (MILLIONS) Brookfield Brookfield Brookfield Brookfield Infrastructure Fund IV Brookfield Infrastructure Fund V Brookfield Global Transition Fund I Brookfield Global Transition Fund II Canadian The Isagen institutional partners Isagen public non-controlling interests Other Total As at December 31, 2020 $ 1,002 $ 1,994 $ 3,623 $ 410 $ — $ — $ — $ 627 $ 97 $ 2,651 $ 14 $ 682 $ 11,100 Net income(loss) 5 43 (16) 38 — — — 4 16 113 1 5 209 Other comprehensive income (loss) (122) 445 196 150 — — — 163 28 (107) — 86 839 Capital contributions — 6 10 924 — — — — — — — 181 1,121 Disposals (181) (214) — — — — — — — — — — (395) Distributions (1) (18) (32) (350) (114) — — — (25) (8) (215) (1) (47) (810) Other (1) 11 155 2 — — — 205 (1) — (1) (131) 239 As at December 31, 2021 685 2,253 3,618 1,410 — — — 974 132 2,442 13 776 12,303 Net income (loss) 19 (31) 144 16 — (50) — 20 11 179 1 25 334 Other comprehensive income (loss) (103) 449 212 425 — 9 — 187 (19) 67 1 20 1,248 Capital contributions — 4 — 301 — 1,484 — — — — — 342 2,131 Disposals (54) — (21) — — — — — — — — — (75) Distributions (1) (71) (59) (460) (3) — (14) — (37) (9) (524) (1) (97) (1,275) Other 1 1 (3) (15) — 32 — 4 — (5) — 74 89 As at December 31, 2022 477 2,617 3,490 2,134 — 1,461 — 1,148 115 2,159 14 1,140 14,755 Net income (loss) 27 64 108 43 291 20 1 15 7 98 1 (56) 619 Other comprehensive income (loss) (43) (96) 356 235 — 294 (3) 2 3 603 4 9 1,364 Capital contributions — — 1 162 410 2,045 298 — — — — 77 2,993 Return of capital — — — — (140) — — — — — — — (140) Disposals (388) — (32) — — (26) — — — — — (3) (449) Distributions (1) (25) (123) (695) (172) — (81) — (42) (3) (156) (1) (130) (1,428) Acquisitions through business combinations — — — — — — — — — — — 414 414 Other 27 1 (14) 9 356 (31) — 165 — — — 222 735 As at December 31, 2023 $ 75 $ 2,463 $ 3,214 $ 2,411 $ 917 $ 3,682 $ 296 $ 1,288 $ 122 $ 2,704 $ 18 $ 1,673 $ 18,863 Interests held by third parties 75%-78% 43%-60% 69%-71% 75 % 71 % 77% - 80% 50% - 51% 50 % 25 % 77 % 0.3 % 0.3% - 72% (1) Distributions paid during the year ended December 31, 2023, totaled $870 million (2022: $1,275 million and 2021: $810 million). The following tables summarize certain financial information of operating subsidiaries that have non-controlling interests that are material to Brookfield Renewable: (MILLIONS) Brookfield Brookfield Brookfield (1) Brookfield Infrastructure Brookfield Infrastructure Fund V Brookfield Global Transition Fund I Canadian The Isagen (2) TerraForm Power (3) Onpath (4) Other Total Interests held by third parties 75%-78% 43%-60% 69%-71% 75 % 71 % 77% - 80% 50 % 25 % 77 % 42 % 3%-51% 0.3%-72% Place of business United States, United States, United States, Brazil, Europe, India, China United States, Brazil, India, China United States North America, Europe, India, China, Australia Canada United States Colombia North America, United Kingdom North America, South America, China, India Year ended December 31, 2021: Revenue $ 137 $ 302 $ 195 $ 316 $ — $ — $ 81 $ 136 $ 929 $ 1,239 $ — $ 19 $ 3,354 Net income 7 64 1 50 — — 10 62 214 (245) — 66 229 Total comprehensive income (loss) (161) 895 348 252 — — 329 173 11 (243) — 187 1,791 Net income allocated to non-controlling interests 5 43 2 38 — — 4 16 162 (109) — 48 209 Year ended December 31, 2022: Revenue $ 120 $ 324 $ 213 $ 451 — $ 54 $ 116 $ 131 $ 1,135 $ 1,324 $ — $ 170 $ 4,038 Net income (loss) 25 (66) 44 14 — (66) 40 44 340 94 — 45 514 Total comprehensive income (loss) (106) 732 183 586 — (51) 403 (32) 467 301 — 132 2,615 Net income allocated to 19 (31) 31 16 — (50) 20 11 257 31 — 30 334 As at December 31, 2022: Property, plant and equipment, at fair value $ 131 $ 6,223 $ 2,873 $ 6,060 $ — $ 1,565 $ 2,686 $ 1,031 $ 8,264 $ 10,012 $ — $ 1,936 $ 40,781 Total assets 852 6,368 3,529 6,911 — 5,298 2,984 1,053 9,178 11,192 — 2,787 50,152 Total borrowings 14 1,332 1,051 3,120 — 497 466 476 2,356 6,371 — 651 16,334 Total liabilities 240 1,618 1,172 4,173 — 3,502 520 491 5,112 8,275 — 1,178 26,281 Carrying value of non-controlling interests 477 2,617 1,675 2,134 — 1,461 1,194 115 3,146 1,452 — 484 14,755 Year ended December 31, 2023: Revenue $ 56 $ 339 $ 192 $ 533 $ 45 $ 145 $ 130 $ 102 $ 1,285 $ 1,213 $ 13 $ 230 $ 4,283 Net income (loss) 34 118 79 46 411 26 31 27 186 (27) 2 (19) 913 Total comprehensive income (loss) (19) (70) 306 362 411 409 28 40 1,331 (93) (4) (172) 2,528 Net income allocated to non-controlling interests 27 64 56 43 291 20 16 7 144 (43) 1 (7) 619 As at December 31, 2023: Property, plant and equipment, at fair value $ 106 $ 5,878 $ 2,919 $ 7,293 $ 2,357 $ 4,700 $ 2,463 $ 1,024 $ 10,585 $ 9,718 $ 992 $ 4,294 $ 52,336 Total assets 112 6,055 3,662 8,396 2,538 9,535 2,747 1,036 11,601 10,528 1,261 5,429 62,909 Total borrowings 12 1,320 1,159 3,704 462 1,169 144 439 3,000 6,056 295 2,036 19,796 Total liabilities 18 1,609 1,249 5,117 1,611 5,424 192 447 6,498 9,106 630 2,845 34,756 Carrying value of non-controlling interests 75 2,463 1,713 2,411 917 3,682 1,332 122 3,948 847 335 1,018 18,863 (1) Excludes information relating to Isagen and TerraForm Power which are presented separately. (2) The total third party ownership interest in Isagen as of December 31, 2023 was 77.4% and comprised of Brookfield Infrastructure Fund III: 23.0%, Brookfield Global Infrastructure Income Fund: 1.5%, Isagen Institutional investors: 52.6% and other non-controlling interests: 0.3%. (3) The total third party interest in Terraform Power as of December 31, 2023 was 41.7% and comprised of Brookfield Infrastructure Fund III: 34.9% and Brookfield Global Infrastructure Income Fund: 6.8%. (4) The total third party interest in Onpath as of December 31, 2023 was 52.7% and comprised of Brookfield Global Transition Fund II: 49.7% and Brookfield Global Infrastructure Income Fund: 3.0%. General partnership interest in a holding subsidiary held by Brookfield, Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield and Class A exchangeable shares of Brookfield Renewable Corporation held by public shareholders and Brookfield Brookfield, as the owner of the 1% GP interest in BRELP, is entitled to regular distributions plus an incentive distribution based on the amount by which quarterly distributions exceed specified target levels. To the extent that LP unit distributions exceed $0.20 per LP unit per quarter, the incentive is 15% of distributions above this threshold. To the extent that quarterly LP unit distributions exceed $0.2253 per LP unit per quarter, the incentive distribution is equal to 25% of distributions above this threshold. Consolidated equity includes Redeemable/Exchangeable partnership units, BEPC exchangeable shares and the GP interest. The Redeemable/Exchangeable partnership units and the GP interest are held 100% by Brookfield, the BEPC exchangeable shares are held 25% by Brookfield Holders, with the remainder held by public shareholders. The Redeemable/Exchangeable partnership units and BEPC exchangeable shares provide the holder, at its discretion, with the right to redeem these units or shares, respectively, for cash consideration. Since this redemption right is subject to Brookfield Renewable’s right, at its sole discretion, to satisfy the redemption request with LP units of Brookfield Renewable on a one-for-one basis, the Redeemable/Exchangeable partnership units and BEPC exchangeable shares are classified as equity in accordance with IAS 32, Financial Instruments: Presentation. The Redeemable/Exchangeable partnership units, BEPC exchangeable shares and the GP interest are presented as non-controlling interests since they relate to equity in a subsidiary that is not attributable, directly or indirectly, to Brookfield Renewable. During the year ended December 31, 2023, exchangeable shareholders of BEPC exchanged 8,465 (December 31, 2022: 12,308) BEPC exchangeable for an equivalent number of LP units amounting to less than $1 million (December 31, 2022: $1 million). No Redeemable/Exchangeable partnership units have been redeemed. On June 16, 2023, Brookfield Renewable completed the issuance of 8,200,000 LP Units and 7,430,000 BEPC exchangeable shares on a bought deal basis at a price of $30.35 per LP Unit and $33.80 per BEPC exchangeable Share for gross proceeds of $500 million. The Redeemable/Exchangeable partnership units issued by BRELP and the BEPC exchangeable shares issued by BEPC have the same economic attributes in all respects to the LP units issued by Brookfield Renewable, except for the redemption rights described above. The Redeemable/Exchangeable partnership units, BEPC exchangeable shares and the GP interest, excluding incentive distributions, participate in earnings and distributions on a per unit basis equivalent to the per unit participation of the LP units of Brookfield Renewable. As at December 31, 2023, Redeemable/Exchangeable partnership units, BEPC exchangeable shares and units of GP interest outstanding were 194,487,939 units (December 31, 2022: 194,487,939 units), 179,651,526 (December 31, 2022: 172,218,098), and 3,977,260 units (December 31, 2022: 3,977,260 units), respectively. In December 2023, Brookfield Renewable renewed its normal course issuer bid in connection with its LP units and outstanding BEPC exchangeable shares. Brookfield Renewable is authorized to repurchase up to 14,361,497 LP units and 8,982,586 BEPC exchangeable shares, representing 5% of each of its issued and outstanding LP units and BEPC exchangeable shares. The bids will expire on December 17, 2024, or earlier should Brookfield Renewable complete its repurchases prior to such date. During the year ended December 31, 2023, there were 1,856,044 LP units (2022: nil) repurchased and cancelled at a total cost of $43 million (2022: nil). During the year ended December 31, 2023 and 2022, there were nil BEPC exchangeable shares repurchased. The composition of the distributions are presented in the following table: (MILLIONS) 2023 2022 2021 General partnership interest in a holding subsidiary held by Brookfield $ 5 $ 6 $ 5 Incentive distribution 111 94 80 116 100 85 Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield 265 250 237 BEPC exchangeable shares held by Brookfield Holders 61 58 53 External shareholders 180 162 156 Total BEPC exchangeable shares 241 220 209 $ 622 $ 570 $ 531 The following table summarizes certain financial information regarding General partnership interest in a holding subsidiary held by Brookfield, Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield and Class A exchangeable shares of Brookfield Renewable Corporation held by public shareholders and Brookfield: (MILLIONS) 2023 2022 2021 For the year ended December 31: Revenue $ 5,038 $ 4,711 $ 4,096 Net income (loss) 616 138 (66) Comprehensive income 2,036 2,628 2,700 Net income (loss) allocated to (1) : General partnership interest in a holding subsidiary held by Brookfield 111 92 77 Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield (63) (117) (135) BEPC exchangeable shares (57) (104) (119) As at December 31: Property, plant and equipment, at fair value $ 64,005 $ 54,283 Total assets 76,128 64,111 Total borrowings 29,702 24,850 Total liabilities 46,149 37,825 Carrying value of (2) : General partnership interest in a holding subsidiary held by Brookfield 55 59 Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield 2,684 2,892 (1) Allocated based on weighted-average GP interest, Redeemable/Exchangeable partnership units, BEPC exchangeable shares and LP units of 4.0 million, 194.5 million, 176.3 million and 282.4 million, respectively (2022: 4.0 million, 194.5 million, 172.2 million and 275.2 million, respectively and 2021: 4.0 million, 194.5 million, 172.2 million and 274.9 million, respectively). (2) Allocated based on outstanding GP interest, Redeemable/Exchangeable partnership units, BEPC exchangeable shares and LP units of 4.0 million, 194.5 million, 179.7 million and 287.2 million, respectively (2022: 4.0 million, 194.5 million, 172.2 million and 275.4 million, respectively). Preferred equity Brookfield Renewable’s preferred equity as at December 31 consists of Class A Preference Shares of Brookfield Renewable Power Preferred Equity Inc. (“BRP Equity”) as follows: Shares Cumulative Earliest Dividends declared for Carrying value as at (MILLIONS, EXCEPT AS NOTED) 2023 2022 December 31, 2023 December 31, 2022 Series 1 (C$136) 6.85 3.1 April 2025 $ 4 $ 4 $ 129 $ 126 Series 2 (C$113) (1) 3.11 7.8 April 2025 4 3 58 57 Series 3 (C$249) 9.96 4.4 July 2024 8 8 187 183 Series 5 (C$103) 4.11 5.0 April 2018 4 4 77 76 Series 6 (C$175) 7.00 5.0 July 2018 7 7 132 129 31.03 $ 27 $ 26 $ 583 $ 571 (1) Dividend rate represents annualized distribution based on the most recent quarterly floating rate. Distributions paid during the year ended December 31, 2023, totaled $27 million (2022: $26 million and 2021: $26 million ). The Class A Preference Shares do not have a fixed maturity date and are not redeemable at the option of the holders. As at December 31, 2023, none of the issued Class A, Series 5 and 6 Preference Shares have been redeemed by BRP Equity. In December 2023, the Toronto Stock Exchange accepted notice of BRP Equity's intention to renew the normal course issuer bid in connection with its outstanding Class A Preference Shares for another year to December 17, 2024, or earlier should the repurchases be completed prior to such date. Under this normal course issuer bid, BRP Equity is permitted to repurchase up to 10% of the total public float for each respective series of the Class A Preference Shares. Shareholders may receive a copy of the notice, free of charge, by contacting Brookfield Renewable. There were no repurchases of Class A Preference Shares during 2023 or 2022 in connection with the normal course issuer bid. Perpetual subordinated notes In April 2021 and December 2021, Brookfield BRP Holdings (Canada) Inc., a wholly-owned subsidiary of Brookfield Renewable, issued $350 million and $260 million, respectively, of perpetual subordinated notes at a fixed rate of 4.625% and 4.875%, respectively. The perpetual subordinated notes do not have a maturity date and are repaid in an Event of Default. The perpetual subordinated notes also provide Brookfield Renewable, at its discretion, the right to defer the interest (in whole or in part) until liquidation of assets due to an Event of Default. The perpetual subordinated notes are classified as a separate class of non-controlling interest on Brookfield Renewable's consolidated statements of financial position as per IAS 32, Financial Instruments: Presentation . The interest expense on the perpetual subordinated notes during the year ended December 31, 2023 of $29 million (2022: $29 million and 2021: $12 million) are presented as distributions in the consolidated statements of changes in equity. The carrying value of the perpetual subordinated notes, net of transaction cost, is $592 million (2022: $592 million) as at December 31, 2023. Distributions paid during the year ended December 31, 2023, totaled $29 million (2022: $27 million and 2021: $9 million ).

PREFERRED LIMITED PARTNERS' EQU

PREFERRED LIMITED PARTNERS' EQUITY	12 Months Ended
	Dec. 31, 2023
Disclsoure of Preferred Limited Partners Equity [Abstract]
PREFERRED LIMITED PARTNERS' EQUITY	PREFERRED LIMITED PARTNERS’ EQUITY Brookfield Renewable’s preferred limited partners’ equity comprises of Class A Preferred units as follows: (MILLIONS, EXCEPT AS NOTED) Shares Cumulative Earliest Distributions declared for the year ended December 31 Carrying value as at 2023 2022 December 31, 2023 December 31, 2022 Series 7 (C$175) 7.00 5.50 January 2026 7 7 128 128 Series 11 (C$250) — 5.00 April 2022 — 3 — — Series 13 (C$250) 10.00 6.05 April 2028 9 10 196 196 Series 15 (C$175) 7.00 5.75 April 2024 7 8 126 126 Series 17 ($200) 8.00 5.25 March 2025 11 11 195 195 Series 18 (C$150) 6.00 5.50 April 2027 7 5 115 115 38.00 $ 41 $ 44 $ 760 $ 760 In the second quarter of 2023, Brookfield Renewable declared the fixed quarterly distributions on the Class A Preferred Limited Partnership Series 13 Units during the five years commencing May 1, 2023 will be paid at an annual rate of 6.05%. Distributions paid during the year ended December 31, 2023, totaled $41 million (2022: $44 million and 2021: $55 million). Class A Preferred LP Units - Normal Course Issuer Bid In December 2023, the Toronto Stock Exchange accepted notice of Brookfield Renewable's intention to renew the normal course issuer bid in connection with the outstanding Class A Preferred Limited Partnership Units for another year to December 17, 2024, or earlier should the repurchases be completed prior to such date. Under this normal course issuer bid, Brookfield Renewable is permitted to repurchase up to 10% of the total public float for each respective series of its Class A Preferred Limited Partnership Units. Unitholders may receive a copy of the notice, free of charge, by contacting Brookfield Renewable. No shares were repurchased during 2023 or 2022.

LIMITED PARTNERS' EQUITY

LIMITED PARTNERS' EQUITY	12 Months Ended
	Dec. 31, 2023
Disclosure of limited partners equity [Abstract]
LIMITED PARTNERS' EQUITY	LIMITED PARTNERS’ EQUITY Limited partners’ equity On June 16, 2023, Brookfield Renewable completed the issuance of 8,200,000 LP Units and 7,430,000 BEPC Exchangeable shares on a bought deal basis at a price of $30.35 per LP Unit and $33.80 per BEPC Exchangeable Share for gross proceeds of $500 million. Concurrently, a subsidiary of Brookfield Reinsurance purchased 5,148,270 LP units at the LP unit offering price (net of underwriting commission). The aggregate gross proceeds of the offering and the concurrent private placement was approximately $650 million. Brookfield Renewable incurred $20 million in related transaction costs inclusive of fees paid to underwriters. As at December 31, 2023, 287,164,340 LP units were outstanding (2022: 275,358,750 LP units) including 74,339,049 LP units (2022: 68,749,416 LP units) held by Brookfield Holders. Brookfield owns all general partnership interests in Brookfield Renewable representing a 0.01% interest. f the proceeds from the offering of LP units. During the year ended December 31, 2023, 304,899 LP units (2022: 262,177 LP units) were issued under the distribution reinvestment plan at a total value of $8 million (2022: $9 million). During the year ended December 31, 2023, exchangeable shareholders of BEPC exchanged 8,465 BEPC exchangeable shares (2022: 12,308 shares) for an equivalent number of LP units amounting to less than $1 million (2022: less than $1 million). As at December 31, 2023, Brookfield Holders held a direct and indirect interest of approximately 47% of Brookfield Renewable on a fully-exchanged basis. Brookfield Holders held a direct and indirect interest of 313,640,823 LP units, Redeemable/Exchangeable partnership units, and BEPC exchangeable shares, the remaining is held by public investors. On an unexchanged basis, Brookfield Holders holds a 26% direct limited partnership interest in Brookfield Renewable, a 40% direct interest in BRELP through the ownership of Redeemable/Exchangeable partnership units, a direct 1% GP interest in BRELP and a 25% direct interest in the BEPC exchangeable shares of BEPC as at December 31, 2023. In December 2023, Brookfield Renewable renewed its normal course issuer bid in connection with its LP units and outstanding BEPC exchangeable shares. Brookfield Renewable is authorized to repurchase up to 14,361,497 LP units and 8,982,586 BEPC exchangeable shares, representing 5% of each of its issued and outstanding LP units and BEPC exchangeable shares. The bids will expire on December 17, 2024, or earlier should Brookfield Renewable complete its repurchases prior to such date. During the year ended December 31, 2023, there were 1,856,044 LP units (2022: nil) repurchased and cancelled at a total cost of $43 million (2022: nil). During the year ended December 31, 2023, Brookfield Corporation purchased 441,363 LP units (2022: nil). There were no BEPC exchangeable shares repurchased during the years ended December 31, 2023 or 2022. Distributions The composition of the distributions are presented in the following table: (MILLIONS) 2023 2022 Brookfield Holders $ 97 $ 88 External LP unitholders 286 267 $ 383 $ 355 In February 2024, distributions to unitholders were increased to $1.42 per LP unit on an annualized basis, an increase of $0.07 per LP unit, which will take effect on the distribution payable in March 2024. Distributions paid during the year ended December 31, 2023, totaled $370 million (2022: $345 million and 2021: $325 million).

GOODWILL

GOODWILL	12 Months Ended
	Dec. 31, 2023
Changes in goodwill [abstract]
GOODWILL	GOODWILL The following table provides a reconciliation of goodwill: (MILLIONS) Notes Total Balance, as at December 31, 2021 $ 966 Acquisitions through business combinations 3 691 Foreign exchange (131) Balance, as at December 31, 2022 1,526 Adjustments to purchase equation 3 (54) Acquisitions through business combinations 3 340 Disposal (18) Foreign exchange and other 150 Balance, as at December 31, 2023 $ 1,944 Goodwill is allocated to the following CGUs or group of CGUs: (MILLIONS) 2023 2022 Value-in-use method Europe Utility-scale solar Development (1) $ 78 $ 66 Europe Wind 38 — Europe Storage 111 — U.S. Utility-scale Solar 307 287 U.S. Distributed Generation (2) 350 424 U.S Wind 9 9 Chile Distributed Generation 16 17 India Wind 86 — India Utility-scale Solar 77 — India Distributed Generation 18 — 1,090 803 Fair value less costs of disposal Europe Wind 47 46 Europe Utility-scale Solar 103 100 South America Wind — 18 150 164 Colombia Hydroelectric (3) 704 559 $ 1,944 $ 1,526 (1) Includes $10 million (2022: nil) of goodwill related to a leading independent UK renewables developer with 260 MW onshore wind assets, 800 MW near-term development and another 3 GW of later stage projects acquired in 2023, and $68 million (2022: $66 million) of goodwill related to a 1.7 GW portfolio of utility-scale solar development assets in Germany acquired in 2022. (2) Includes $115 million (2022: $115 million) of goodwill related to 360 MW of operating and 700 MW of development business acquired in 2021, $235 million (2022: $309 million) related to the acquisition of an integrated distributed generation developer with approximately 500 MW of contracted operating and under construction assets and an 1.8 GW of development pipeline in the United States acquired in 2022. (3) Goodwill related to the Colombia hydroelectric segment was created as a result of recording the deferred tax liabilities assumed in the purchase price allocations of business combinations. The deferred tax liabilities are measured in accordance with IAS 12 in the purchase price allocations rather than at fair value. As a result, the goodwill recorded does not represent ‘core’ goodwill, but rather goodwill created as a result of accounting concepts or ‘non-core’ goodwill in order to avoid an immediate impairment of this ‘non-core’ goodwill. As at December 31, 2023, Brookfield Renewable performed an impairment test at the level that goodwill is monitored by management. Brookfield Renewable did not identify any impairments of goodwill. In performing this impairment test, management removed the ‘non-core’ goodwill that continued to be supported by the existence of the original deferred tax liability that gave rise to the goodwill from the carrying value of the applicable assets.

CAPITAL MANAGEMENT

CAPITAL MANAGEMENT	12 Months Ended
	Dec. 31, 2023
Disclosure of objectives, policies and processes for managing capital [abstract]
CAPITAL MANAGEMENT	CAPITAL MANAGEMENT Brookfield Renewable’s primary capital management objectives are to ensure the sustainability of its capital to support continuing operations, meet its financial obligations, allow for growth opportunities and provide stable distributions to its LP unitholders. Brookfield Renewable’s capital is monitored through the debt-to-total capitalization ratio on a corporate and consolidated basis. As at December 31, 2023 these ratios were 12% and 40%, respectively (2022: 11% and 39%, respectively). Brookfield Renewable has provided covenants to certain of its lenders for its corporate borrowings and credit facilities. The covenants require Brookfield Renewable to meet minimum debt-to-capitalization ratios. Subsidiaries of Brookfield Renewable have provided covenants to certain of their lenders for their non-recourse borrowings. These covenants vary from one credit agreement to another and include ratios that address debt-service coverage. Certain lenders have also put in place requirements that oblige Brookfield Renewable and its subsidiaries to maintain debt and capital expenditure reserve accounts. The consequences to the subsidiaries as a result of failure to comply with their covenants could include a limitation of distributions from the subsidiaries to Brookfield Renewable, as well as repayment of outstanding debt. Brookfield Renewable is dependent on the distributions made by its subsidiaries to service its debt. Brookfield Renewable’s strategy during 2023, which was unchanged from 2022, was to maintain the measures set out in the following schedule as at December 31: Corporate Consolidated (MILLIONS) 2023 2022 2023 2022 Commercial paper (1) $ 183 $ 249 $ 183 $ 249 Debt Medium-term notes (2) 2,660 2,307 2,660 2,307 Non-recourse borrowings (3) — — 27,020 22,321 2,660 2,307 29,680 24,628 Deferred income tax liabilities, net (4) — — 6,930 6,331 Equity Non-controlling interest — — 18,863 14,755 Preferred equity 583 571 583 571 Perpetual subordinated notes 592 592 592 592 Preferred limited partners’ equity 760 760 760 760 Unitholders’ equity 9,181 9,608 9,181 9,608 Total capitalization $ 13,776 $ 13,838 $ 66,589 $ 57,245 Debt-to-total capitalization 19 % 17 % 45 % 43 % Debt-to-total capitalization (market value) (5) 12 % 11 % 40 % 39 % (1) Draws on corporate credit facilities and commercial paper issuances are excluded from the debt-to-total capitalization ratios as they are not a permanent source of capital. (2) Medium-term notes are unsecured and guaranteed by Brookfield Renewable and excludes $10 million (2022: $8 million) of deferred financing fees, net of unamortized premiums. (3) Consolidated non-recourse borrowings include $2,626 million (2022: $1,838 million) borrowed under a subscription facility of a Brookfield sponsored private fund and excludes $140 million (2022: $124 million) of deferred financing fees and $11 million (2022: $105 million) of unamortized premiums. (4) Deferred income tax liabilities less deferred income tax assets. (5) Based on market values of Preferred equity, Perpetual subordinated notes, Preferred limited partners’ equity and Unitholders’ equity.

EQUITY-ACCOUNTED INVESTMENTS

EQUITY-ACCOUNTED INVESTMENTS	12 Months Ended
	Dec. 31, 2023
Disclosure of joint ventures [abstract]
EQUITY-ACCOUNTED INVESTMENTS	EQUITY-ACCOUNTED INVESTMENTS The following table outlines the changes in Brookfield Renewable’s equity-accounted investments: (MILLIONS) 2023 2022 2021 Balance, beginning of year $ 1,392 $ 1,107 $ 971 Acquisitions through business combinations 44 — — Investment (1)(2)(3)(4) 700 373 57 Return of capital — (3) (8) Share of net income 186 96 22 Share of other comprehensive income (loss) 162 (65) 148 Dividends received (58) (89) (78) Change in basis of accounting (5) 105 — — Foreign exchange translation and other 15 (27) (5) Balance, end of year $ 2,546 $ 1,392 $ 1,107 (1) Includes additional subscription for shares in Powen. Refer to Note 3 - Acquisitions for more details. (2) Includes the investment in an India sustainable agricultural solutions company. Refer to Note 3 - Acquisitions for more details. (3) Includes Brookfield Renewable’s incremental investment in X-Elio. Refer to Note 3 - Acquisitions for more details. (4) Includes Brookfield Renewable’s incremental investment in Westinghouse. Refer to Note 3 - Acquisitions for more details. (5) Includes the recognition of a 378 MW operating hydroelectric portfolio in the U.S. Refer to Note 4 - Disposal of assets for more details. The following table presents the ownership interests and carrying values of Brookfield Renewable’s investments in associates and joint ventures, all of which are accounted for using the equity method: Ownership Interest Carrying Value 2023 2022 2023 2022 Hydroelectric 14%-50% 14%-50% $ 225 $ 111 Wind 25%-50% 25% 159 108 Utility-scale solar 25%-65% 25%-65% 304 107 Distributed energy & Storage 25%-50% 25%-50% 1,049 815 Sustainable solutions 4%-49% 8%-49% 809 251 $ 2,546 $ 1,392 The following table presents total assets, as well as total liabilities of Brookfield Renewable’s investments in associates and joint ventures: Total Assets Total Liabilities 2023 2022 2023 2022 Hydroelectric $ 1,221 $ 550 $ 422 $ 223 Wind 1,019 472 383 20 Utility-scale solar 2,884 457 1,160 70 Distributed energy & Storage 5,010 4,248 2,109 1,944 Sustainable solutions 7,757 2,890 1,564 1,140 $ 17,891 $ 8,617 $ 5,638 $ 3,397 The following table presents total revenues, net income and other comprehensive income (“OCI”) of Brookfield Renewable’s investments in associates and joint ventures: (MILLIONS) 2023 2022 2021 Revenues Net income (loss) OCI Revenues Net income (loss) OCI Revenues Net income (loss) OCI Hydroelectric $ 105 $ 74 $ (14) $ 18 $ 69 $ (73) $ 16 $ (15) $ 170 Wind — 3 21 — 68 42 — 20 2 Utility-scale solar 28 478 63 — (24) 2 — (18) (53) Distributed energy & Storage 604 210 373 582 240 (54) 449 92 256 Sustainable solutions 1,016 46 62 363 11 — — — — $ 1,753 $ 811 $ 505 $ 963 $ 364 $ (83) $ 465 $ 79 $ 375

CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS	12 Months Ended
	Dec. 31, 2023
Cash and cash equivalents [abstract]
CASH AND CASH EQUIVALENTS	CASH AND CASH EQUIVALENTS Brookfield Renewable’s cash and cash equivalents as at December 31 are as follows: (MILLIONS) 2023 2022 Cash $ 821 $ 728 Cash subject to restriction 251 268 Short-term deposits 69 2 $ 1,141 $ 998

RESTRICTED CASH

RESTRICTED CASH	12 Months Ended
	Dec. 31, 2023
Disclosure Restricted Cash [Abstract]
RESTRICTED CASH	RESTRICTED CASH Brookfield Renewable’s restricted cash as at December 31 is as follows: (MILLIONS) Note 2023 2022 Operations $ 299 $ 93 Credit obligations 79 56 Capital expenditures and development projects 13 42 Total 391 191 Less: non-current 23 (81) (52) Current $ 310 $ 139

TRADE RECEIVABLES AND OTHER CUR

TRADE RECEIVABLES AND OTHER CURRENT ASSETS	12 Months Ended
	Dec. 31, 2023
Disclosure Trade Receivables and Other Current Assets [Abstract]
TRADE RECEIVABLES AND OTHER CURRENT ASSETS	TRADE RECEIVABLES AND OTHER CURRENT ASSETS Brookfield Renewable’s trade receivables and other current assets as at December 31 are as follows: (MILLIONS) 2023 2022 Trade receivables $ 662 $ 672 Inventory 111 42 Collateral deposits (1) 178 609 Prepaids and others 127 86 Sales tax receivable 94 73 Income tax receivables 74 74 Current portion of contract asset 61 54 Short term deposits and advances 23 113 Other short-term receivables 187 137 $ 1,517 $ 1,860 (1) Collateral deposits are related to energy derivative contracts that Brookfield Renewable enters into in order to mitigate the exposure to wholesale market electricity prices on the future sale of uncontracted generation, as part of Brookfield Renewable's risk management strategy. As at December 31, 2023, 86% (2022: 89%) of trade receivables were current. Brookfield Renewable does not expect issues with collectability of these amounts. Accordingly, as at December 31, 2023 and 2022 an allowance for doubtful accounts for trade receivables was not deemed necessary. Trade receivables are generally on 30-day terms and credit limits are assigned and monitored for all counterparties. In determining the recoverability of trade receivables, management performs a risk analysis considering the type and age of the outstanding receivables and the credit worthiness of the counterparties. Management also reviews trade receivable balances on an ongoing basis.

OTHER LONG-TERM ASSETS

OTHER LONG-TERM ASSETS	12 Months Ended
	Dec. 31, 2023
Disclosure Other Long Term Liabilities [Abstract]
OTHER LONG-TERM ASSETS	OTHER LONG-TERM ASSETS Brookfield Renewable’s other long-term assets as at December 31 are as follows: (MILLIONS) Note 2023 2022 Contract asset $ 314 $ 341 Long-term receivables 382 235 Due from related parties 28 135 128 Restricted cash 21 81 52 Intangibles (1) 15 209 Other 84 86 $ 1,011 $ 1,051 (1) Relates to certain power generating facilities that operate under service concession arrangements. At December 31, 2023 and 2022, restricted cash was held primarily to satisfy operations and maintenance reserve requirements, lease payments and credit agreements. Contract assets are the result of contract amendments made to Brookfield Renewable’s long-term power purchase agreements with Brookfield associated with generating assets in Ontario held by Great Lakes Power Limited and Mississagi Power Trust. The net impact of these changes were offset by changes to Brookfield Renewable’s long-term energy revenue agreement with Brookfield associated with several entities owned by Brookfield Renewable in the United States, however the changes resulted in a difference in timing of cash flows. As a result, the amendments were accounted for in reflection of their substance, with the recognition of contract asset and liability balances and net financing charges to be recognized over the remainder of the term of the agreements. There are no material provisions for expected credit losses on contract assets. See Note 28 – Related party transactions, for additional details regarding Brookfield Renewable’s revenue agreements with Brookfield.

ACCOUNTS PAYABLE AND ACCRUED LI

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	12 Months Ended
	Dec. 31, 2023
Disclosure Accounts Payable and Accured Liabilities [Abstract]
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	ACCOUNTS PAYABLE AND ACCRUED LIABILITIES Brookfield Renewable’s accounts payable and accrued liabilities as at December 31 are as follows: (MILLIONS) 2023 2022 Operating accrued liabilities $ 603 $ 440 Accounts payable 388 276 Interest payable on borrowings 301 153 LP Unitholders distributions, preferred limited partnership unit distributions, preferred dividends payable, perpetual subordinate notes distributions and exchange shares dividends (1) 58 53 Current portion of lease liabilities 41 33 Income tax payable 41 78 Current portion of contract liability 35 24 Other 72 29 $ 1,539 $ 1,086 (1) Includes amounts payable only to external LP unitholders and BEPC exchangeable shareholders. Amounts payable to Brookfield are included in due to related parties.

PROVISIONS

PROVISIONS	12 Months Ended
	Dec. 31, 2023
Other Provisions, Contingent Liabilities And Contingent Assets [Abstract]
PROVISIONS	PROVISIONS (MILLIONS) 2023 2022 Balance, beginning of the year $ 479 $ 668 Acquisitions through business combinations 227 54 Disposal (1) (1) Accretion 13 15 Changes in estimates (1) 253 (245) Foreign exchange 6 (12) Other (1) — Balance, end of the year $ 976 $ 479 (1) Changes in estimates are driven by changes in underlying assumptions used as inputs to determine the value of the retirement obligation. Brookfield Renewable has recorded decommissioning retirement obligations associated with certain power generating assets. The decommissioning retirement obligation has been established for hydroelectric, wind and solar operation sites that are substantially expected to be restored between the years 2031 to 2058. The estimated cost of decommissioning activities is based on a third-party assessment. For details on other legal provisions, please refer to Note 27 – Commitments, contingencies and guarantees.

OTHER LONG-TERM LIABILITIES

OTHER LONG-TERM LIABILITIES	12 Months Ended
	Dec. 31, 2023
Disclosure Other Long Term Liabilities [Abstract]
OTHER LONG-TERM LIABILITIES	OTHER LONG-TERM LIABILITIES Brookfield Renewable’s other long-term liabilities as at December 31 are comprised of the following: (MILLIONS) 2023 2022 Contract liabilities $ 680 $ 662 Lease liabilities 727 526 Regulatory liabilities (1) 104 149 Pension obligations 66 51 Concession payment liability 2 10 Other 185 132 $ 1,764 $ 1,530 (1) Regulatory liabilities are related to the regulated pricing mechanism at certain of Brookfield Renewable’s Spanish assets. Contract liabilities are the result of the amendment to the energy revenue agreement between Brookfield and several entities owned by Brookfield Renewable in the United States. See Note 23 – Other long-term assets, for additional details regarding Brookfield Renewable’s contract balances. See Note 28 – Related party transactions, for additional details regarding Brookfield Renewable’s revenue agreements with Brookfield.

COMMITMENTS, CONTINGENCIES AND

COMMITMENTS, CONTINGENCIES AND GUARANTEES	12 Months Ended
	Dec. 31, 2023
Disclosure Commitments Contingencies and Guarantess [Abstract]
COMMITMENTS, CONTINGENCIES AND GUARANTEES	COMMITMENTS, CONTINGENCIES AND GUARANTEES Commitments In the course of its operations, Brookfield Renewable and its subsidiaries have entered into agreements for the use of water, land and dams. Payment under those agreements varies with the amount of power generated. The various agreements can be renewed and are extendable up to 2089. In the normal course of business, Brookfield Renewable will enter into capital expenditure commitments which primarily relate to contracted project costs for various growth initiatives. As at December 31, 2023, Brookfield Renewable had $2,783 million (2022: $1,126 million) of capital expenditure commitments outstanding, of which $2,200 million (2022: $1,059 million) is payable in less than one year, $583 million (2022: $63 million) in two to five years, and less than $1 million (2022: $4 million) thereafter. The following table lists the assets and portfolio of assets that Brookfield Renewable, together with institutional partners have agreed to acquire which are subject to customary closing conditions as at December 31, 2023: Region Technology Capacity Consideration Brookfield Renewable Expected Close China Wind 102 MW development CNY $84 million ($16 million) 20% Q4 2024 China Wind 350 MW development CNY $577 million ($110 million) 20% Q4 2024 Brazil Distributed energy & storage 730 MW development R$136 millions ($28 million) 20% 2024 - 2026 US Distributed energy & storage 25 MW development $20 million 25% Q1 2024 US Distributed energy & storage 93 MW development $86 million 20% Q1 2024 An integral part of Brookfield Renewable’s strategy is to participate with institutional partners in Brookfield-sponsored private equity funds that target acquisitions that suit Brookfield Renewable’s profile. In the normal course of business, Brookfield Renewable has made commitments to Brookfield-sponsored private equity funds to participate in these target acquisitions in the future, if and when identified. From time to time, in order to facilitate investment activities in a timely and efficient manner, Brookfield Renewable will fund deposits or incur other costs and expenses (including by use of loan facilities to consummate, support, guarantee or issue letters of credit) in respect of an investment that ultimately will be shared with or made entirely by Brookfield sponsored vehicles, consortiums and/or partnerships (including private funds, joint ventures and similar arrangements), Brookfield Renewable, or by co-investors. Contingencies Brookfield Renewable and its subsidiaries are subject to various legal proceedings, arbitrations and actions arising in the normal course of business. While the final outcome of such legal proceedings and actions cannot be predicted with certainty, it is the opinion of management that the resolution of such proceedings and actions will not have a material impact on Brookfield Renewable’s consolidated financial position or results of operations. Brookfield Renewable, on behalf of Brookfield Renewable’s subsidiaries, and the subsidiaries themselves have provided letters of credit, which include, but are not limited to, guarantees for debt service reserves, capital reserves, construction completion and performance. The activity on the issued letters of credit by Brookfield Renewable can be found in Note 13 – Borrowings. Brookfield Renewable, along with institutional partners, has provided letters of credit, which include, but are not limited to, guarantees for debt service reserves, capital reserves, construction completion and performance as it relates to interests in the Brookfield Americas Infrastructure Fund, the Brookfield Infrastructure Fund II, Brookfield Infrastructure Fund III, Brookfield Infrastructure Fund IV, Brookfield Infrastructure Fund V, Brookfield Global Transition Fund and Brookfield Global Transition Fund II. Brookfield Renewable’s subsidiaries have similarly provided letters of credit, which include, but are not limited to, guarantees for debt service reserves, capital reserves, construction completion and performance. Letters of credit issued by Brookfield Renewable along with institutional partners and its subsidiaries were as at the following dates: (MILLIONS) 2023 2022 Brookfield Renewable along with institutional partners $ 100 $ 99 Brookfield Renewable's subsidiaries 2,026 1,510 $ 2,126 $ 1,609 Guarantees In the normal course of operations, Brookfield Renewable and its subsidiaries execute agreements that provide for indemnification and guarantees to third-parties of transactions such as business dispositions, capital project purchases, business acquisitions, power marketing activities such as purchase and sale agreements, swap agreements, credit facilities of certain Brookfield private funds and that are also secured by committed capital of our third-party institutional partners, and sales and purchases of assets and services. Brookfield Renewable has also agreed to indemnify its directors and certain of its officers and employees. The nature of substantially all of the indemnification undertakings prevents Brookfield Renewable from making a reasonable estimate of the maximum potential amount that Brookfield Renewable could be required to pay third parties as the agreements do not always specify a maximum amount and the amounts are dependent upon the outcome of future contingent events, the nature and likelihood of which cannot be determined at this time. Historically, neither Brookfield Renewable nor its subsidiaries have made material payments under such indemnification agreements.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2023
Disclosure of transactions between related parties [abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS Brookfield Renewable’s related party transactions are recorded at the exchange amount and are primarily with Brookfield. Brookfield Renewable and Brookfield have entered into, or amended, the following material agreements: Principal Agreements Limited Partnership Agreements Each of the amended and restated limited partnership agreements of Brookfield Renewable and BRELP outline the key terms of the partnerships, including provisions relating to management, protections for limited partners, capital contributions, distributions and allocation of income and losses. BRELP’s general partner is entitled to receive incentive distributions from BRELP as a result of its ownership of the general partnership interest in BRELP. The incentive distributions are to be calculated in increments based on the amount by which quarterly distributions on the limited partnership units of BRELP exceed specified target levels as set forth in the amended and restated partnership agreement. Master Services Agreement Brookfield Renewable entered into an agreement with Brookfield Corporation pursuant to which Brookfield Corporation has agreed to provide oversight of the business and provide the services of senior officers to Brookfield Renewable for a management service fee. The fee is paid on a quarterly basis and has a fixed quarterly component of $5 million and a variable component calculated as a percentage of the increase in the total capitalization value of Brookfield Renewable over an initial reference value (subject to an annual escalation by a specified inflation factor beginning on January 1, 2013). Total capitalization value as of December 31, 2023 is $22 billion, which against the initial reference value of $8 billion and factoring in the annual amount of $26 million (as adjusted for inflation), resulted in a management service fee payment for the year ended December 31, 2023 of $205 million (2022: $243 million and 2021: $288 million). Relationship Agreement Since inception, Brookfield Renewable has had a Relationship Agreement with Brookfield pursuant to which Brookfield has agreed, subject to certain exceptions, that Brookfield Renewable will serve as its primary vehicle through which it will directly or indirectly, acquire renewable power assets on a global basis. BRELP Voting Agreement In 2011, Brookfield Renewable entered into a voting agreement with Brookfield pursuant to which Brookfield Renewable, through BRPL, has a number of voting rights, including the right to direct all eligible votes in the election of the directors of BRELP’s general partner. Power Services Agreements Power Agency Agreements Certain Brookfield Renewable subsidiaries entered into Power Agency Agreements appointing Brookfield as their exclusive agent in respect of the sale of electricity, including the procurement of transmission and other additional services. In addition, Brookfield scheduled, dispatched and arranged for transmission of the power produced and the power supplied to third-parties in accordance with prudent industry practice. Pursuant to each Agreement, Brookfield was entitled to be reimbursed for any third party costs incurred, and, in certain cases, received an additional fee for its services in connection with the sale of power and for providing the other services. On closing of the Energy Marketing Internalization, all Power Agency Agreements were transferred by Brookfield to Brookfield Renewable. Revenue Agreements Contract Amendments In the first quarter of 2021, two long-term power purchase agreements for sale of energy generated by hydroelectric facilities owned by Great Lakes Power Limited (“GLPL”) and Mississagi Power Trust (“MPT”) were amended and Brookfield’s third-party power purchase agreements associated the sale energy generated by GLPL and MPT were reassigned. Historically, the power purchase agreements required Brookfield to purchase energy generated by GLPL and MPT at an average price of C$100 per MWh and C$127 per MWh, respectively, both subject to an annual adjustment equal to a 3% fixed rate. The GLPL and MPT contracts with Brookfield each had an initial term to December 1, 2029, and Brookfield Renewable will have an option to extend a fixed price commitment to GLPL from Brookfield through 2044 at a price of C$60 per MWh. There were no changes to the terms following the assignment of the third-party power purchase agreements from Brookfield to GLPL and MPT. There were no amendments to or termination of the agreement that gives Brookfield Renewable the option to extend a fixed price commitment to GLPL from Brookfield from December 1, 2029 through 2044 at a price of C$60 per MWh. Energy Revenue Agreement In 2018, the energy revenue agreement between Brookfield and several entities owned by Brookfield Renewable was effectively amended. Brookfield will support the price that Brookfield Renewable receives for energy generated by certain facilities in the United States at a price $75 per MWh. This price is to be increased annually on January 1 until 2021 by an amount equal to 40% of the increase in the CPI during the previous calendar year, but not exceeding an increase of 3% in any calendar year. The price will be reduced by $3 per MWh per year from 2021 to 2025 and then further reduced by $5.03 per MWh in 2026. The energy revenue agreement will terminate in 2046 and provides Brookfield the right to terminate the agreement in 2036. Other Revenue Agreements Pursuant to a power guarantee agreement, Brookfield purchased all energy from the two facilities of Hydro Pontiac Inc. at a price of C$68 per MWh, increased annually each calendar year beginning in 2010 by an amount equal to 40% of the increase in the CPI during the previous calendar year. This power guarantee agreement was scheduled to commence in 2019 for one facility and in 2020 for the other, upon the expiration of existing third-party power agreements. The agreement with Brookfield had an initial term to 2029 and automatically renewed for a successive 20-year period with certain termination provisions. On closing of the Energy Marketing Internalization, the power guarantee agreement with Hydro Pontiac Inc. was transferred to Brookfield Renewable. In addition, Brookfield Renewable from time to time may enter into other power purchase agreements with Brookfield and its subsidiaries to deliver electricity, attributes related to generation and other related services. These agreements are typically entered into at market rates. Voting Agreements Brookfield Renewable entered into voting agreements with Brookfield whereby Brookfield, as managing member of entities related to the Brookfield Americas Infrastructure Fund (the “BAIF Entities”) in which Brookfield Renewable holds investments in power generating operations with institutional partners, agreed to assign to Brookfield Renewable their voting rights to elect the Boards of Directors of the BAIF Entities. Brookfield Renewable’s economic interests in the BAIF Entities in the United States and Brazil are 22% and 25%, respectively. Brookfield Renewable entered into voting agreements with certain Brookfield subsidiaries whereby these subsidiaries, as managing members of entities related to Brookfield Infrastructure Fund II (the “BIF II Entities”) in which Brookfield Renewable holds investments in power generating operations with institutional partners, agreed to provide to Brookfield Renewable the authority to direct the election of the Boards of Directors of the BIF II Entities. Brookfield Renewable’s economic interests in the BIF II Entities are between 40% and 50.1%. Except as set out below in respect to TerraForm Power and Isagen, Brookfield Renewable entered into voting agreements with certain Brookfield subsidiaries as managing members of entities related to Brookfield Infrastructure Fund III (the “BIF III Entities”) in which Brookfield Renewable holds investments in power generating operations with institutional partners, Brookfield agreed to provide to Brookfield Renewable the authority to direct the election of the Boards of Directors of the BIF III Entities. Brookfield Renewable’s economic interests in the BIF III Entities are between 23% and 31%. Brookfield Renewable holds its interest in its Colombian operations as part of a consortium. The consortium in turn holds its interest in Isagen through an entity (“Hydro Holdings”) which is entitled to appoint a majority of the board of directors of Isagen. The general partner of Hydro Holdings is a controlled subsidiary of Brookfield Renewable. Brookfield Renewable is entitled to appoint a majority of Hydro Holdings’ board of directors, provided that Brookfield Corporation and its subsidiaries (including Brookfield Renewable) collectively are (i) the largest holder of Hydro Holdings’ limited partnership interests, and (ii) hold over 30% of Hydro Holdings’ limited partnership interests. Brookfield Renewable currently meets this ownership test and is entitled to appoint a majority of the board of directors. Simultaneously with the completion of the TerraForm Power acquisition, Brookfield Renewable entered into voting agreements with a controlled affiliate of Brookfield to transfer the power to vote their respective shares held of TerraForm Power to Brookfield Renewable. As a result, Brookfield Renewable controls and consolidates TerraForm Power. Brookfield Renewable entered into voting agreements with certain Brookfield subsidiaries whereby these subsidiaries, as managing members of entities related to Brookfield Infrastructure Fund IV (the “BIF IV Entities”) and Brookfield Infrastructure Fund V (the “BIF V Entities”) in which Brookfield Renewable holds investments in power generating operations with institutional partners, agreed to provide to Brookfield Renewable the authority to direct the election of the Boards of Directors of the BIF IV Entities. Brookfield Renewable’s economic interests in the BIF IV Entities is 25% and expects to hold on average 25% in BIF V Entities. Brookfield Renewable entered into voting agreements with certain Brookfield subsidiaries whereby these subsidiaries, as managing members of entities related to Brookfield Global Transition Fund (the “BGTF Entities”) and Brookfield Global Transition Fund II (the “BGTF II Entities”), agreed to provide to Brookfield Renewable the authority to direct the election of the Boards of Directors of the BGTF Entities, giving Brookfield Renewable control or significant influence over the entities that own certain renewable power and sustainable solution investments with institutional partners. Brookfield Renewable’s economic interest in BGTF I Entities is 20% and expects to hold 20% in BGTF II Entities. Brookfield Renewable entered into a voting agreement with Brookfield to gain control of BGTF Finco LLC, the primary borrower under the Brookfield Global Transition Fund subscription facility. The voting agreements provide Brookfield Renewable with control and accordingly, Brookfield Renewable consolidates the accounts of this entity. Other Agreements Credit facilities and funds on deposit Brookfield Corporation has provided a $400 million committed unsecured revolving credit facility maturing in December 2024 and the draws bear interest at the Secured Overnight Financing Rate plus a margin. As at December 31, 2023, there were no draws on the committed unsecured revolving credit facility provided by Brookfield Corporation. Brookfield Corporation may from time to time place funds on deposit with Brookfield Renewable which are repayable on demand including any interest accrued. There were nil funds placed on deposit with Brookfield Renewable as at December 31, 2023 (2022: nil). The interest expense on the deposit and draws from the credit facility for the year ended December 31, 2023 totaled nil (2022: nil and 2021: $2 million). Brookfield Renewable participates with institutional partners in Brookfield Americas Infrastructure Fund, Brookfield Infrastructure Fund II, Brookfield Infrastructure Fund III, Brookfield Infrastructure Fund IV, Brookfield Infrastructure Fund V, Brookfield Infrastructure Income Fund, Brookfield Global Transition Fund, Brookfield Global Transition Fund II, and Brookfield Infrastructure Debt Fund (“Private Funds”), each of which is a Brookfield sponsored fund, and in connection therewith, Brookfield Renewable, together with its institutional partners, has access to financing using the Private Funds’ credit facilities. From time to time Brookfield Reinsurance and its related entities may participate in capital raises undertaken by Brookfield Renewable. These financings are typically provided at the market rates and as at December 31, 2023, $101 million of non-recourse borrowings (2022: $93 million) and $8 million of corporate borrowings (2022: $7 million) were due to Brookfield Reinsurance. Brookfield Reinsurance has also subscribed to tax equity financing of $2 million (2022: $3 million) and preferred limited partners equity of $11 million (2022: $11 million). As at December 31, 2023, Brookfield Renewable had $450 million (2022: $321 million) of borrowings from Brookfield Reinsurance classified as due to related party. Subsidiaries of Brookfield Reinsurance may from time to time decide to participate in Brookfield Renewable’s equity offerings. For example, in June 2023, a subsidiary of Brookfield Reinsurance participated in a private placement of LP units. Refer to Note 16 Limited partners’ equity for from more details. TERP Ownership Transfer On December 28, 2023 a subsidiary of Brookfield Renewable transferred 13.75% of its interest in TerraForm Power to BEPC, a consolidated subsidiary. The intercompany transfer had no net impact to Brookfield Renewable’s financial statements. Brookfield Renewable continues to control and consolidate Terraform Power and there was no impact to its economic ownership. In conjunction with the transfer, Terraform Power declared a non-cash dividend to its shareholders resulting in a decrease of $483 million in Equity and an increase in due to related parties of $483 million. Other Agreements In 2011, on formation of Brookfield Renewable, Brookfield transferred certain development projects to Brookfield Renewable for no upfront consideration but is entitled to receive variable consideration on commercial operation or sale of these projects. On November 7, 2023, Brookfield Renewable, together with institutional partners, through a strategic partnership with Cameco Corporation, acquired 100% of Westinghouse, one of the world’s largest nuclear services businesses, from our affiliate Brookfield Business Partners L.P. and its institutional partners, for $4.37 billion ($442 million net to Brookfield Renewable). Brookfield Renewable, together with institutional partners, own an aggregate 51% interest (10.11% net to Brookfield Renewable) with Cameco owning 49%. Refer to Note 3 - Acquisitions for more details. On December 29, 2023, a subsidiary of Brookfield transferred its indirect 8% economic interest in a greenhouse gas monitoring and ESG certification software investment that it held through Brookfield Technology Growth Partners III to Brookfield Renewable for $20 million. The investment is recognized as a financial instrument on the statement of financial position. The following table reflects the related party agreements and transactions in the consolidated statements of income (loss), for the years ended December 31: (MILLIONS) 2023 2022 2021 Revenues Power purchase and revenue agreements $ 14 $ 21 $ 103 Direct operating costs Energy marketing fee & other services (5) (1) (8) Insurance services (1) — — (26) Interest expense Borrowings $ (35) $ — $ (2) Contract balance accretion (26) (20) (21) $ (61) $ (20) $ (23) Other Distribution income $ 8 $ — $ — Other related party services $ 3 $ (5) $ (4) Financial instrument gain/(loss) $ 21 $ 5 $ — Management service costs $ (205) $ (243) $ (288) (1) Prior to November 2021, insurance services were paid to external insurance service providers through subsidiaries of Brookfield Corporation. The fees paid to the subsidiaries of Brookfield Corporation in 2023 were nil (2022 was nil and 2021: was nil). As of November 2021, Brookfield, through a regulated subsidiary, began providing insurance coverage through third-party commercial insurers for the benefits of certain entities in North America. The premiums and claims paid are not included in the table above. The following table reflects the impact of the related party agreements and transactions on the consolidated statements of financial position as at December 31: (MILLIONS) Related party 2023 2022 Current assets Trade receivables and other current assets Contract asset Brookfield $ 61 $ 54 Due from related parties Amounts due from Brookfield (1) 1,386 105 Equity-accounted investments and other 57 18 1,443 123 Non-current assets Financial instrument assets Brookfield 170 395 Other long-term assets Contract asset Brookfield 314 341 Due from related parties Equity-accounted investments and other 135 128 Current liabilities Contract Liability Brookfield 35 24 Financial instrument liabilities Brookfield Reinsurance 2 3 Due to related parties Amounts due to Brookfield (1) 541 205 Equity-accounted investments and other 13 24 Brookfield Reinsurance 242 321 Accrued distributions payable on LP units, BEPC exchangeable shares, Redeemable/Exchangeable partnership units and GP interest Brookfield 39 38 835 588 Non-current liabilities Financial instrument liabilities Brookfield Reinsurance 2 3 Due to related parties Amounts due to Brookfield (2) 496 — Equity-accounted investments and other 209 1 705 1 Corporate borrowings Brookfield Reinsurance 8 7 Non-recourse borrowings Brookfield Reinsurance and associates 101 93 Other long-term liabilities Contract liability Brookfield 680 662 Equity Preferred limited partners equity Brookfield Reinsurance and associates $ 11 11 (1) Includes receivables of $1,328 million (2022: $45 million) associated with the Brookfield Global Transition Fund credit facility. (2) Includes payables of $6 million (2022: $39 million), $81 million (2022: $64 million), and $307 million (2022: nil) associated with the Brookfield Infrastructure Fund IV, Brookfield Global Transition Fund, and Brookfield Global Transition Fund II credit facilities, respectively. Current assets Amounts due from Brookfield are non-interest bearing, unsecured and due on demand. Current liabilities Amounts due to Brookfield are unsecured, payable on demand and relate to recurring transactions.

SUPPLEMENTAL INFORMATION

SUPPLEMENTAL INFORMATION	12 Months Ended
	Dec. 31, 2023
Cash flows from (used in) operating activities [abstract]
SUPPLEMENTAL INFORMATION	SUPPLEMENTAL INFORMATION The net change in working capital balances for the year ended December 31 shown in the consolidated statements of cash flows is comprised of the following: (MILLIONS) 2023 2022 2021 Trade receivables and other current assets $ 540 $ (296) $ (515) Accounts payable and accrued liabilities (60) 109 (282) Other assets and liabilities (12) (7) 81 $ 468 $ (194) $ (716)

SUBSIDIARY PUBLIC ISSUERS

SUBSIDIARY PUBLIC ISSUERS	12 Months Ended
	Dec. 31, 2023
Disclosure of subsidiaries [abstract]
SUBSIDIARY PUBLIC ISSUERS	SUBSIDIARY PUBLIC ISSUERS The following tables provide consolidated summary financial information for Brookfield Renewable, BRP Equity, and Canadian Finco: (MILLIONS) Brookfield Renewable (1) BRP Canadian Finco Subsidiary Credit Supporters (2) Other Subsidiaries (1)(3) Consolidating adjustments (4) Brookfield As at December 31, 2023: Current assets $ 65 $ 400 $ 2,695 $ 790 $ 4,611 $ (3,951) $ 4,610 Long-term assets 4,735 246 2 44,239 71,435 (49,139) 71,518 Current liabilities 72 8 32 8,406 7,658 (8,138) 8,038 Long-term liabilities — — 2,650 56 35,405 — 38,111 Participating non-controlling interests – in operating subsidiaries — — — — 18,863 — 18,863 Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield — — — 2,684 — — 2,684 BEPC exchangeable shares — — — — 2,479 — 2,479 Preferred equity — 583 — — — — 583 Perpetual subordinated notes — — — 592 — — 592 Preferred limited partners’ equity 760 — — 765 — (765) 760 As at December 31, 2022: Current assets $ 61 $ 391 $ 2,336 $ 834 $ 4,172 $ (3,611) $ 4,183 Long-term assets 4,860 241 3 33,830 59,860 (38,866) 59,928 Current liabilities 60 7 30 7,877 4,455 (7,486) 4,943 Long-term liabilities — — 2,299 16 30,567 — 32,882 Participating non-controlling interests – in operating subsidiaries — — — — 14,755 — 14,755 Participating non-controlling interests – in a holding subsidiary – Redeemable\Exchangeable units held by Brookfield — — — 2,892 — — 2,892 BEPC exchangeable shares — — — — 2,561 — 2,561 Preferred equity — 571 — — — — 571 Perpetual subordinated notes — — — 592 — — 592 Preferred limited partners’ equity 761 — — 765 — (766) 760 (1) Includes investments in subsidiaries under the equity method. (2) Includes BRELP, BRP Bermuda Holdings I Limited, Brookfield BRP Holdings (Canada) Inc., Brookfield BRP Europe Holdings Limited, Brookfield Renewable Investments and BEP Subco Inc., collectively the “Subsidiary Credit Supporters”. (3) Includes subsidiaries of Brookfield Renewable, other than BRP Equity, Canadian Finco and the Subsidiary Credit Supporters. (4) Includes elimination of intercompany transactions and balances necessary to present Brookfield Renewable on a consolidated basis. (MILLIONS) Brookfield (1) BRP Canadian Finco Subsidiary Credit Supporters Other (1)(2) Consolidating (3) Brookfield For the year ended December 31, 2023 Revenues $ — $ — $ — $ — $ 5,038 $ — $ 5,038 Net income (loss) (50) — 3 (724) 1,686 (299) 616 For the year ended December 31, 2022 Revenues $ — $ — $ — $ — $ 4,711 $ — $ 4,711 Net income (loss) (122) — 2 (1,322) 772 808 138 For the year ended December 31, 2021 Revenues $ — $ — $ — $ — $ 4,096 $ — $ 4,096 Net income (loss) (136) — — (1,185) 561 694 (66) (1) Includes investments in subsidiaries under the equity method. (2) Includes subsidiaries of Brookfield Renewable, other than BRP Equity, Canadian Finco, and the Subsidiary Credit Supporters. (3) Includes elimination of intercompany transactions and balances necessary to present Brookfield Renewable on a consolidated basis. See Note 13 – Borrowings for additional details regarding the medium-term notes issued by Canadian Finco. See Note 14 – Non-controlling interests for additional details regarding Class A Preference Shares issued by BRP Equity.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2023
Disclosure Text Block1 [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Subsequent to year-end, Brookfield Renewable issued C$400 million of Series 17 medium-term notes. The medium-term notes have a fixed interest rate of 5.32% and a maturity date of January 10, 2054. The Series 17 medium-term notes are corporate-level green bonds. Subsequent to year-end, Brookfield Renewable, together with its institutional partners, completed the acquisition of a series of development distributed generation projects in the United States totaling 93 MW for total consideration of approximately $86 million (approximately $17 million net to Brookfield Renewable). Brookfield Renewable holds a 20% interest in these investments. Subsequent to year-end, Brookfield Renewable, together with its institutional partners, completed the acquisition of a series of development distributed generation projects in the United States totaling 60 MW for total consideration of approximately $39 million (approximately $11 million net to Brookfield Renewable). Brookfield Renewable holds a 25% interest in these investments. Subsequent to year-end, Brookfield Renewable repurchased 496,254 LP units on the Toronto Stock Exchange at a total cost of $12 million.

BASIS OF PREPARATION AND MATE_2

BASIS OF PREPARATION AND MATERIAL ACCOUNTING POLICY INFORMATION (Policies)	12 Months Ended
	Dec. 31, 2023
Basis Of Preparation And Significant Accounting Policies Abstract [Abstract]
Statement of compliance and Basis of preparation	Statement of compliance The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). The accounting policies used in the consolidated financial statements are based on the IFRS applicable as at December 31, 2023, which encompass individual IFRS, International Accounting Standards (“IAS”), and interpretations made by the International Financial Reporting Interpretations Committee (“IFRIC”) and the Standard Interpretations Committee (“SIC”). The policies set out below are consistently applied to all periods presented, unless otherwise noted. These consolidated financial statements have been authorized for issuance by the Board of Directors of Brookfield Renewable’s general partner, BRPL, on February 29, 2024. Certain comparative figures have been reclassified to conform to the current year’s presentation. References to $, C$, €, £, R$, COP, INR, and CNY are to United States (“U.S.”) dollars, Canadian dollars, Euros, British pound, Brazilian reais, Colombian pesos, Indian rupees, and Chinese yuan, respectively. All figures are presented in millions of U.S. dollars unless otherwise noted. (b) Basis of preparation The consolidated financial statements have been prepared on the basis of historical cost, except for the revaluation of property, plant and equipment and certain assets and liabilities which have been measured at fair value. Cost is recorded based on the fair value of the consideration given in exchange for assets.
Consolidation	Consolidation These consolidated financial statements include the accounts of Brookfield Renewable and its subsidiaries, which are the entities over which Brookfield Renewable has control. An investor controls an investee when it is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Non-controlling interests in the equity of Brookfield Renewable’s subsidiaries are shown separately in equity in the consolidated statements of financial position. Brookfield Renewable has entered into a voting agreement with Brookfield, which provides Brookfield Renewable with control of the general partner of BRELP. Accordingly, Brookfield Renewable consolidates the accounts of BRELP and its subsidiaries. In addition, BRELP issued redeemable/exchangeable limited partnership units to Brookfield (“Redeemable/Exchangeable partnership units”), pursuant to which the holder may, at its request, require BRELP to redeem the Redeemable/Exchangeable partnership units for cash consideration. This right is subject to Brookfield Renewable’s right of first refusal which entitles it, at its sole discretion, to elect to acquire all of the Redeemable/Exchangeable partnership units so presented to BRELP that are tendered for redemption in exchange for LP units on a one-for-one basis. As Brookfield Renewable, at its sole discretion, has the right to settle the obligation with LP units, the Redeemable/Exchangeable partnership units are classified as equity of Brookfield Renewable (“Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable Units held by Brookfield”). Brookfield Renewable has entered into voting agreements with Brookfield, whereby Brookfield Renewable gained control of the entities that own certain renewable power generating operations. Brookfield Renewable has also entered into a voting agreement with its consortium partners in respect of its Colombian operations. These voting agreements provide Brookfield Renewable the authority to direct the election of the Boards of Directors of the relevant entities, among other things, and therefore provide Brookfield Renewable with control. Accordingly, Brookfield Renewable consolidates the accounts of these entities. Refer to Note 28 – Related party transactions for further information. For entities previously controlled by Brookfield Corporation, the voting agreements entered into do not represent business combinations in accordance with IFRS 3, Business Combinations (“IFRS 3”), as all combining businesses are ultimately controlled by Brookfield Corporation both before and after the transactions were completed. Brookfield Renewable accounts for these transactions involving entities under common control in a manner similar to a pooling of interest, which requires the presentation of pre-voting agreement financial information as if the
Equity-accounted investments	Equity-accounted investments Equity-accounted investments are entities over which Brookfield Renewable has significant influence or joint arrangements representing joint ventures. Significant influence is the ability to participate in the financial and operating policy decisions of the investee, but without controlling or jointly controlling those investees. Such investments are accounted for using the equity method. A joint venture is a type of joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the joint venture. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require unanimous consent of the parties sharing control. Brookfield Renewable accounts for its interests in joint ventures using the equity method. Under the equity method, the carrying value of an interest in an investee is initially recognized at cost and adjusted for Brookfield Renewable’s share of net income, other comprehensive income (“OCI”), distributions by the equity-accounted investment and other adjustments to Brookfield Renewable’s proportionate interest in the investee.
Foreign currency translation	Foreign currency translation All figures reported in the consolidated financial statements and tabular disclosures to the consolidated financial statements are reflected in millions of U.S. dollars, which is the functional currency of Brookfield Renewable. Each of the foreign operations included in these consolidated financial statements determines its own functional currency, and items included in the financial statements of each subsidiary are measured using that functional currency. Assets and liabilities of foreign operations having a functional currency other than the U.S. dollar are translated at the rate of exchange prevailing at the reporting date and revenues and expenses at the rate of exchange prevailing at the dates of the transactions during the period. Gains or losses on translation of foreign subsidiaries are included in OCI. Gains or losses on foreign currency denominated balances and transactions that are designated as hedges of net investments in these operations are reported in the same manner. In preparing the consolidated financial statements of Brookfield Renewable, foreign currency denominated monetary assets and liabilities are translated into the functional currency using the closing rate at the applicable consolidated statement of financial position dates. Non-monetary assets and liabilities denominated in a foreign currency and measured at fair value are translated at the rate of exchange prevailing at the date when the fair value was determined and non-monetary assets and liabilities measured at historical cost are translated at the historical rate. Revenues and expenses are measured in the functional currency at the rates of exchange prevailing at the dates of the transactions with gains or losses included in income.
Cash and cash equivalents	Cash and cash equivalents
Restricted cash	Restricted cash Restricted cash includes cash and cash equivalents, where the availability of funds is restricted primarily by credit and construction agreements.
Property, plant and equipment and revaluation method	Property, plant and equipment and revaluation method Power generating assets are classified as property, plant and equipment and are accounted for using the revaluation method under IAS 16 – Property, Plant and Equipment (“IAS 16”). Property, plant and equipment are initially measured at cost and subsequently carried at their revalued amount, being the fair value at the date of the revaluation, less any subsequent accumulated depreciation and any subsequent accumulated impairment losses. Brookfield Renewable generally determines the fair value of its property, plant and equipment by using 20-year discounted cash flow model for hydroelectric assets and the estimated remaining useful life for other technologies. This model incorporates future cash flows from long-term power purchase agreements that are in place where it is determined that the power purchase agreements are linked specifically to the related power generating assets. The model also includes estimates of future electricity prices, anticipated long-term average generation, estimated operating and capital expenditures, terminal values and assumptions about future inflation rates and discount rates by geographical location. Construction work-in-progress (“CWIP”) is revalued when sufficient information exists to determine fair value using the discounted cash flow method. Revaluations are made on an annual basis as at December 31 to ensure that the carrying amount does not differ significantly from fair value. For power generating assets acquired through business combinations, Brookfield Renewable initially measures the assets at fair value on the acquisition date, consistent with the policy described in Note 1(o) – Business combinations, with no revaluation at year-end in the year of acquisition unless there is external evidence specific to those assets that would indicate the carrying value of the asset has either increased or decreased materially. Where the carrying amount of an asset increased as a result of a revaluation, the increase is recognized in income to the extent the increase reverses a previously recognized decrease recorded through income, with the remainder of the increase recognized in OCI and accumulated in equity under revaluation surplus and non-controlling interest. When the carrying amount of an asset decreases, the decrease is recognized in OCI to the extent that a balance exists in revaluation surplus with respect to the asset, with the remainder of the decrease recognized in income.
Property, plant and equipment - Depreciation	Depreciation on power generating assets is calculated on a straight-line basis over the estimated service lives of the assets, which are as follows: Estimated service lives Dams Up to 115 years Penstocks Up to 60 years Powerhouses Up to 115 years Hydroelectric generating units Up to 115 years Wind generating units Up to 30 years Solar generating units Up to 35 years Gas-fired cogenerating (“Cogeneration”) units Up to 40 years Other assets Up to 60 years Costs are allocated to significant components of property, plant and equipment. When items of property, plant and equipment have different useful lives, they are accounted for as separate items (significant components) and depreciated separately. To ensure the accuracy of useful lives and residual values, a review is conducted annually. Depreciation is calculated based on the fair value of the asset less its residual value. Depreciation commences when the asset is in the location and conditions necessary for it to be capable of operating in the manner intended by management. It ceases at the earlier of the date the asset is classified as held-for-sale and the date the asset is derecognized. An item of property, plant and equipment and any significant component is derecognized upon disposal or when no future economic benefits are expected from its use. Other assets include equipment, buildings and leasehold improvements. Buildings, furniture and fixtures, leasehold improvements and office equipment are recorded at historical cost, less accumulated depreciation. Land and CWIP are not subject to depreciation. The depreciation of property, plant and equipment in Brazil is based on the duration of the authorization or the useful life of a concession asset. The weighted-average remaining duration at December 31, 2023 is 34 years (2022: 35 years). Since land rights are part of the concession or authorization, this cost is also subject to depreciation. Any accumulated depreciation at the date of revaluation is eliminated against the gross carrying amount of the asset, and the net amount is applied to the revalued amount of the asset. Gains and losses on disposal of an item of property, plant and equipment of operating assets are recognized in Other income and Other in the consolidated statements of income (loss), respectively. The revaluation surplus is reclassified within the respective components of equity and not reclassified to net income when the assets are disposed.
Leases	Leases At inception of a contract, Brookfield Renewable assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, Brookfield Renewable assesses whether: • the contract specified explicitly or implicitly the use of an identified asset, and that is physically distinct or represents substantially all of the capacity of a physically distinct asset. If the supplier has a substantive substitution right, then the asset is not identified; • Brookfield Renewable has the right to obtain substantially all of the economic benefits from use of the asset throughout the period of use; and Brookfield Renewable has the right to direct the use of the asset. Brookfield Renewable has this right when it has the decision-making rights that are most relevant to changing how and for what purpose the asset is used. In rare cases where the decisions about how and for what purpose the asset is used are predetermined, Brookfield Renewable has the right to direct the use of the asset if either: ◦ Brookfield Renewable has the right to operate the asset (or to direct others to operate the asset in a manner that it determines) throughout the period of use, without the supplier having the right to change those operating instructions; or ◦ Brookfield Renewable designed the asset in a way that predetermines how and for what purpose it will be used. At inception or on reassessment of a contract that contains a lease component, Brookfield Renewable allocates the consideration in the contract to each lease component on the basis of their relative stand-alone prices. However, for the leases of land and buildings in which it is a lessee, Brookfield Renewable has elected not to separate non-lease components and, therefore, accounts for the lease and non-lease components as a single lease component. Brookfield Renewable recognizes a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying asset or to restore the underlying asset or the site on which it is located, less any lease incentives received. The right-of use asset is subsequently depreciated using the straight-line method from the commencement date to the earlier of the end of the useful lives of the right-of-use asset or the end of the lease term. The estimated useful lives of right-of-use assets are determined on the same basis as those of property, plant and equipment. In addition, the right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease liability. The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, Brookfield Renewable’s incremental borrowing rate. Generally, Brookfield Renewable uses its incremental borrowing rate as the discount rate. Lease payments included in the measurement of the lease liability comprise the following: • Fixed payments, including in-substance fixed payments; • Variable lease payments that depend on an index or a rate, initially measured using the index or rate as at the commencement date; • Amounts expected to be payable under a residual value guarantee; and • The exercise price under a purchase option that Brookfield Renewable is reasonably certain to exercise, lease payments in an optional renewable period if Brookfield Renewable is reasonably certain to exercise an extension option, and penalties for early termination of a lease unless Brookfield Renewable is reasonably certain not to terminate early The lease liability is measured at amortized cost using the effective interest method. It is remeasured when there is a change in future lease payments arising from a change in an index or rate, if there is a change in Brookfield Renewable’s estimate of the amount expected to be payable under a residual value guarantee, or if Brookfield Renewable changes its assessment of whether it will exercise a purchase, extension or termination option. When the lease liability is remeasured in this way, a corresponding adjustment is made either to the carrying amount of the right-of-use asset or, when the adjustment is a reduction to the right-of-use asset, is recorded in the consolidated statements of income (loss) if the carrying amount of the right-of-use asset has been reduced to nil. Brookfield Renewable presents right-of-use assets in property, plant and equipment and lease liabilities in other long-term liabilities in the consolidated statements of financial position. Brookfield Renewable has elected not to recognize right-of-use assets and lease liabilities for short-term leases that have a lease term of twelve months or less and leases of low-value assets. Brookfield Renewable recognizes the lease payments associated with these leases as an expense on a straight-line basis over the lease term.
Goodwill	Goodwill Goodwill represents the excess of the price paid for the acquisition of an entity over the fair value of the net tangible and intangible assets and liabilities acquired. Goodwill is allocated to the cash generating unit or units (“CGU”) to which it relates. Brookfield Renewable identifies CGU as identifiable groups of assets that are largely independent of the cash inflows from other assets or groups of assets. Goodwill is evaluated for impairment annually or more often if events or circumstances indicate there may be impairment. Impairment is determined for goodwill by assessing if the carrying value of a CGU, including the allocated goodwill, exceeds its recoverable amount determined as the greater of the estimated fair value less costs of disposal or the value in use. Impairment losses recognized in respect of a CGU are first allocated to the carrying value of goodwill and any excess is allocated to the carrying amount of assets in the CGU. Any goodwill impairment is charged to profit or loss in the period in which the impairment is identified. Impairment losses on goodwill are not subsequently reversed. In the year of a business acquisition, the recoverability of the acquired goodwill is assessed by revisiting the assumptions of the related underwriting model. On disposal of a subsidiary, the attributable amount of goodwill is included in the determination of the gain or loss on disposal of the operation.
Asset impairment	Asset impairment At each statement of financial position date, Brookfield Renewable assesses whether for non-financial assets there is any indication that such assets are impaired. This assessment includes a review of internal and external factors which includes, but is not limited to, changes in the technological, political, economic or legal environment in which the entity operates in, structural changes in the industry, changes in the level of demand, physical damage and obsolescence due to technological changes. An impairment is recognized if the recoverable amount, determined as the higher of the estimated fair value less costs of disposal or the discounted future cash flows generated from use and eventual disposal from an asset or CGU is less than its carrying value. For non-financial assets (including equity-accounted investments), an impairment is recognized if the recoverable amount, determined as the greater of the estimated fair value, less costs to sell, and the discounted future cash flows generated from use and eventual disposal of an asset or CGU, is less than its carrying value. The projections of future cash flows take into account the relevant operating plans and management’s best estimate of the most probable set of conditions anticipated to prevail. Where an impairment loss subsequently reverses, the carrying amount of the asset or CGU is increased to the lesser of the revised estimate of recoverable amount and the carrying amount that would have been recorded had no impairment loss been recognized previously.
Trade receivables and other current assets	Trade receivables and other current assets
Financial instruments	Financial instruments Initial recognition Under IFRS 9 – Financial Instruments (“IFRS 9”), regular purchases and sales of financial assets are recognized on the trade date, being the date on which Brookfield Renewable commits to purchase or sell the asset. Financial assets are derecognized when the rights to receive cash flows from the financial assets have expired or have been transferred and Brookfield Renewable has transferred substantially all the risks and rewards of ownership. At initial recognition, Brookfield Renewable measures a financial asset at its fair value. In the case of a financial asset not categorized as fair value through profit and loss (“FVPL”), transaction costs that are directly attributable to the acquisition of the financial asset are included at initial recognition. Transaction costs of financial assets carried at FVPL are expensed in income. Classification and measurement Subsequent measurement of financial assets depends on Brookfield Renewable’s business objective for managing the asset and the cash flow characteristics of the asset. There are three measurement categories into which Brookfield Renewable classifies its financial assets: Amortized cost – Financial assets held for collection of contractual cash flows that represent solely payments of principal and interest are measured at amortized cost. Interest income is recognized as other income in the financial statements, and gains/losses are recognized in income when the asset is derecognized or impaired. FVOCI – Financial assets held to achieve a particular business objective other than short-term trading are designated at fair value through other comprehensive income (“FVOCI”). For equity instruments designated at FVOCI, there is no recycling of gains or losses through income. Upon derecognition of the asset, accumulated gains or losses are transferred from OCI directly to retained earnings. FVPL – Financial assets that do not meet the criteria for amortized cost or FVOCI are measured at FVPL. Gains or losses on these types of assets are recognized in income. Brookfield Renewable assesses on a forward-looking basis the expected credit losses (“ECL”) associated with its assets carried at amortized cost and FVOCI. For trade receivables and contract assets, Brookfield Renewable applied the simplified approach permitted by IFRS 9, which requires expected lifetime losses to be recognized from initial recognition of the asset. The simplified approach to the recognition of ECL does not require entities to track the changes in credit risk; rather, entities recognize a loss allowance at each reporting date based on the lifetime ECL since the date of initial recognition of the asset. Evidence of impairment may include: • Indications that a debtor or group of debtors is experiencing significant financial difficulty; • A default or delinquency in interest or principal payments; • Probability that a debtor or a group of debtors will enter into bankruptcy or other financial reorganization; • Changes in arrears or economic conditions that correlate with defaults, where observable data indicates that there is a measurable decrease in the estimated future cash flows. Trade receivables and contract assets are reviewed qualitatively on a case-by-case basis to determine if they need to be written off. ECL are measured as the difference in the present value of the contractual cash flows that are due under contract and the cash flows expected to be received. ECL is measured by considering the risk of default over the contract period and incorporates forward looking information into its measurement. Financial liabilities are classified as financial liabilities at fair value through profit and loss, amortized cost, or derivatives designated as hedging instruments in an effective hedge. Brookfield Renewable determines the classification of its financial liabilities at initial recognition. Brookfield Renewable’s financial liabilities include accounts payable and accrued liabilities, corporate borrowings, non-recourse borrowings, derivative liabilities, due to related party balances, and tax equity. Financial liabilities are initially measured at fair value, with subsequent measurement determined based on their classification as follows: FVPL – Financial liabilities held for trading, such as those acquired for the purpose of selling in the near term, derivative financial instruments entered into by Brookfield Renewable that do not meet hedge accounting criteria, and tax equity are classified as fair value through profit and loss. Gains or losses on these types of liabilities are recognized in income. Brookfield Renewable owns and operates certain projects in the U.S. under tax equity structures to finance the construction of utility-scale solar and wind projects. Such structures are designed to allocate renewable tax incentives, such as investment tax credits (“ITCs”), production tax credits (“PTCs”) and accelerated tax depreciation, to tax equity investors. Generally, tax equity structures grant the tax equity investors the majority of the project's U.S. taxable earnings and renewable tax incentives, along with a smaller portion of the projects’ cash flows, until a contractually determined point at which the allocations are adjusted (the “Flip Point”). Subsequent to the Flip Point the majority of the project’s U.S. taxable earnings, renewable tax incentives and cash flows are allocated to the sponsor. The Flip Point dates are generally dependent on the underlying projects’ reaching an agreed upon after tax investment return, however, from time to time, the Flip Point dates may be dates specified within the contract. At all times, both before and after the projects’ Flip Point, Brookfield Renewable retains control over the projects financed with a tax equity structure. In accordance with the substance of the contractual agreements, the amounts paid by the tax equity investors for their equity stakes are classified as financial instrument liabilities on the consolidated statements of financial position and at each reporting date are remeasured to their fair value in accordance with IFRS 9. The fair value of the tax equity financing is generally comprised of the following elements: Elements affecting the fair value of the tax equity financing Description Production tax credits (PTCs) Allocation of PTCs to the tax equity investor are derived from the power generated during the period. The PTCs are recognized in foreign exchange and financial instrument gain (loss) with a corresponding reduction to the tax equity liability. Investment tax credits (ITCs) Allocation of ITCs to the tax equity investor are derived as a percentage of a projects total cost. Once received, the ITCs are recognized as a reduction to property, plant and equipment with a corresponding reduction to the tax equity liability. Taxable loss, including tax attributes such as accelerated tax depreciation Under the terms of the tax equity agreements, Brookfield Renewable is required to allocate specified percentages of taxable losses to the tax equity investor. As amounts are allocated, the obligation to deliver them is satisfied and a reduction to the tax equity liability is recorded with a corresponding amount recorded within foreign exchange and financial instrument gain (loss) on the consolidated statements of income (loss). Pay-go contributions Certain of the contracts contain annual production thresholds. When the thresholds are exceeded, the tax equity investor is required to contribute additional cash amounts. The cash amounts paid increase the value of the tax equity liability. Cash distributions Certain of the contracts also require cash distributions to the tax equity investor. Upon payment, the tax equity liability is reduced in the amount of the cash distribution. Amortized cost – All other financial liabilities are classified as amortized cost using the effective interest rate method. Gains and losses are recognized in income when the liabilities are derecognized as well as through the amortization process. Remeasurement gains and losses on financial liabilities classified as amortized cost are presented in the consolidated statements of income (loss). Amortized cost is computed using the effective interest method less any principal repayment or reduction. The calculation takes into account any premium or discount on acquisition and includes transaction costs and fees that are an integral part of the effective interest rate. This category includes trade and other payables, dividends payable, interest-bearing loans and borrowings, and corporate credit facilities. Derivatives and hedge accounting Derivatives are initially recognized at fair value on the date a derivative contract is entered into and are subsequently remeasured to their fair value at the end of each reporting period. The accounting for subsequent changes in fair value depends on whether the derivative is designated as a hedging instrument, and if so, the nature of the item being hedged and the type of hedge relationship designated. Brookfield Renewable designates its derivatives as hedges of: • Foreign exchange risk associated with the cash flows of highly probable forecast transactions (cash flow hedges); • Foreign exchange risk associated with net investment in foreign operations (net investment hedges); • Commodity price risk associated with cash flows of highly probable forecast transactions (cash flow hedges); and • Floating interest rate risk associated with floating rate debts (cash flow hedges). At the inception of a hedge relationship, Brookfield Renewable formally designates and documents the hedge relationship to which it wishes to apply hedge accounting and the risk management objective and strategy for undertaking the hedge. A hedging relationship qualifies for hedge accounting if it meets all of the following effectiveness requirements: • There is an ‘economic relationship’ between the hedged item and the hedging instrument; • The effect of credit risk does not ‘dominate the value changes’ that result from that economic relationship; and • The hedge ratio of the hedging relationship is the same as that resulting from the quantity of the hedged item that Brookfield Renewable actually hedges and the quantity of the hedging instrument that Brookfield Renewable actually uses to hedge that quantity of hedged item. The fair values of various derivative financial instruments used for hedging purposes and movements in the hedge reserve within equity are shown in Note 5 – Risk management and financial instruments. When a hedging instrument expires, is sold, is terminated, or no longer meets the criteria for hedge accounting, any cumulative deferred gain or loss and deferred costs of hedging in equity at that time remain in equity until the forecasted transaction occurs. When the forecasted transaction is no longer expected to occur, the cumulative gain or loss and deferred costs of hedging are immediately reclassified to income. If the hedge ratio for risk management purposes is no longer optimal but the risk management objective remains unchanged and the hedge continues to qualify for hedge accounting, the hedge relationship will be rebalanced by adjusting either the volume of the hedging instrument or the volume of the hedged item so that the hedge ratio aligns with the ratio used for risk management purposes. Any hedge ineffectiveness is calculated and accounted for in income at the time of the hedge relationship rebalancing. (i) Cash flow hedges that qualify for hedge accounting The effective portion of changes in the fair value of derivatives that are designated and qualify as cash flow hedges is recognized in the cash flow hedge reserve within equity, limited to the cumulative change in fair value of the hedged item on a present value basis from the inception of the hedge. The gain or loss relating to the ineffective portion is recognized immediately in income, within foreign exchange and financial instruments gain (loss). Gains and losses relating to the effective portion of the change in fair value of the entire forward contract are recognized in the cash flow hedge reserve within equity. Amounts accumulated in equity are reclassified in the period when the hedged item affects income. (ii) Net investment hedges that qualify for hedge accounting Hedges of net investments in foreign operations are accounted for similarly to cash flow hedges. Any gain or loss on the hedging instrument relating to the effective portion of the hedge is recognized in OCI and accumulated in reserves in equity. The gain or loss relating to the ineffective portion is recognized immediately in income within foreign exchange and financial instruments gain (loss). Gains and losses accumulated in equity will be reclassified to income when the foreign operation is partially disposed of or sold. (iii) Hedge ineffectiveness Brookfield Renewable’s hedging policy only allows for the use of derivative instruments that form effective hedge relationships. Sources of hedge effectiveness are determined at the inception of the hedge relationship and measured through periodic prospective effectiveness assessments to ensure that an economic relationship exists between the hedged item and hedging instrument. Where the critical terms of the hedging instrument match exactly with the terms of the hedged item, a qualitative assessment of effectiveness is performed. For other hedge relationships, the hypothetical derivative method to assess effectiveness is used. The accounting policy relating to Brookfield Renewable’s financial instruments is described in Note 1(l) – Financial instruments. In applying the policy, judgments are made in applying the criteria set out in IFRS 9 to record financial instruments at fair value through profit and loss, fair value through other comprehensive income and the assessments of the effectiveness of hedging relationships. For power purchase agreements accounted for under IFRS 9 (“IFRS 9 PPAs”) that have unobservable values, Brookfield Renewable determines the fair value of these IFRS 9 PPAs using a discounted cash flow model based on the term of the contract and applies judgements surrounding the inputs used within the valuation model. The valuation model incorporates various inputs and assumptions including future power prices, contractual prices, contractual volumes and discount rates. Future power prices are based on broker quotes from independent sources and for IFRS 9 PPAs with no available broker quotes, future fuel driven merchant prices are incorporated within the model. Contractual prices are stipulated within each individual agreement, contractual volumes are either specified within the agreement or determined using future generation of the power generating assets and discount rate used in the valuation model is the credit adjusted risk free rate.
Revenue and expense recognition	Revenue and expense recognition The majority of revenue is derived from the sale of power and power related ancillary services both under contract and in the open market, sourced from Brookfield Renewable’s power generating facilities. The obligations are satisfied over time as the customer simultaneously receives and consumes benefits as Brookfield Renewable delivers electricity and related products. Revenue is recorded based upon the output delivered and capacity provided at rates specified under either contract terms or prevailing market rates. The revenue reflects the consideration Brookfield Renewable expects to be entitled to in exchange for those goods or services. Costs related to the purchases of power or fuel are recorded upon delivery. All other costs are recorded as incurred. Details of the revenue recognized per geographical region and technology are included in Note 6 – Segmented information. Where available, Brookfield Renewable has elected the practical expedient available under IFRS 15 – Revenue from contracts with customers (“IFRS 15”) for measuring progress toward complete satisfaction of a performance obligation and for disclosure requirements of remaining performance obligations. The practical expedient allows an entity to recognize revenue in the amount to which the entity has the right to invoice such that the entity has a right to the consideration in an amount that corresponds directly with the value to the customer for performance completed to date by the entity. If the consideration in a contract that does not apply the practical expedient available under IFRS 15 for measuring progress toward complete satisfaction of a performance obligation includes a variable amount, Brookfield Renewable estimates the amount of consideration to which it will be entitled in exchange for transferring the goods to the customer. The variable consideration is estimated at contract inception and constrained until it is highly probable that a significant revenue reversal in the amount of cumulative revenue recognized will not occur when the associated uncertainty with the variable consideration is subsequently resolved. Brookfield Renewable also sells power and related products under bundled arrangements. Energy, capacity and renewable credits within power purchase agreements are considered to be distinct performance obligations. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied under IFRS 15. Brookfield Renewable views the sale of energy and capacity as a series of distinct goods that is substantially the same and has the same pattern of transfer measured by the output method. Brookfield Renewable views renewable credits to be performance obligations satisfied at a point in time. During the year ended December 31, 2023, revenues recognized at a point in time corresponding to the sale of renewable credits were $250 million (2022: $263 million and 2021: $183 million). Measurement of satisfaction and transfer of control to the customer of renewable credits in a bundled arrangement coincides with the pattern of revenue recognition of the underlying energy generation. Revenues recognized that are outside the scope of IFRS 15 include realized gains and losses from derivatives used in the risk management of Brookfield Renewable's generation activities related to commodity prices. From time to time, Brookfield Renewable also enters into commodity contracts to hedge all or a portion of its estimated revenue stream when selling electricity to an independent system operated market and there is no PPA available. These commodity contracts require periodic settlements in which Brookfield Renewable receives a fixed-price based on specified quantities of electricity and pays the counterparty a variable market price based on the same specified quantity of electricity. As these derivatives are accounted for under hedge accounting, the changes in fair value are recorded in revenues in the consolidated statements of income (loss). Financial transactions included in revenues for the year ended December 31, 2023 decreased revenues by $119 million (decreased by 2022: 146 million and 2021: $37 million). Contract Balances Contract assets – A contract asset is the right to consideration in exchange for goods or services transferred to the customer. If Brookfield Renewable performs by transferring goods or services to a customer before the customer pays consideration or before payment is due, a contract asset is recognized for the earned consideration that is conditional. Trade receivables – A receivable represents Brookfield Renewable’s right to an amount of consideration that is unconditional (i.e., only the passage of time is required before payment of the consideration is due). Contract liabilities – A contract liability is the obligation to transfer goods or services to a customer for which Brookfield Renewable has received consideration (or an amount of consideration is due) from the customer. If a customer pays consideration before Brookfield Renewable transfers goods or services to the customer, a contract liability is recognized when the payment is made or the payment is due (whichever is earlier). Contract liabilities are recognized as revenue when Brookfield Renewable performs under the contract.
Income taxes	Income taxes Current income tax assets and liabilities are measured at the amount expected to be paid to tax authorities, net of recoveries, based on the tax rates and laws enacted or substantively enacted at the statement of financial position dates. Current income tax assets and liabilities are included in trade receivables and other current assets and accounts payable and accrued liabilities, respectively. Deferred tax is recognized on taxable temporary differences between the tax basis and the carrying amounts of assets and liabilities. Deferred tax is not recognized if the temporary difference arises from goodwill or from initial recognition (other than in a business combination) of other assets and liabilities in a transaction that affects neither taxable profit nor accounting profit. Deferred income tax assets are recognized for all deductible temporary differences, carry forwards of unused tax credits and unused tax losses, to the extent that it is probable that deductions, tax credits and tax losses can be utilized. The carrying amount of deferred income tax assets is reviewed at each statement of financial position date and reduced to the extent it is no longer probable that the income tax assets will be recovered. Deferred income tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the assets are realized or the liabilities settled, using the tax rates and laws enacted or substantively enacted at the statement of financial position dates. Current and deferred income taxes relating to items recognized directly in OCI are also recognized directly in OCI.
Business combinations	Business combinations The acquisition of a business is accounted for using the acquisition method. The consideration for an acquisition is measured at the aggregate of the fair values, at the date of exchange, of the assets transferred, the liabilities incurred to former owners of the acquired business, and equity instruments issued by the acquirer in exchange for control of the acquired business. The acquired business’ identifiable assets, liabilities and contingent liabilities that meet the conditions for recognition under IFRS 3 – Business combinations (“IFRS 3”), are recognized at their fair values at the acquisition date, except for income taxes which are measured in accordance with IAS 12 – Income taxes (“IAS 12”), share-based payments which are measured in accordance with IFRS 2 – Share-based payment, liabilities and contingent liabilities which are measured under IAS 37 - Provisions, contingent liabilities and contingent assets or IFRIC 21 - Levies and non-current assets that are classified as held-for-sale which are measured at fair value less costs to sell in accordance with IFRS 5 – Non-current assets held for sale and discontinued operations. The non-controlling interest in the acquiree is initially measured at the non-controlling interest’s proportion of the net fair value of the identifiable assets, liabilities and contingent liabilities recognized or when applicable, at the fair value of the shares outstanding. To the extent that the aggregate of the fair value of consideration paid, the amount of any non-controlling interest and the fair value of any previously held interest in the acquiree exceeds the fair value of the net identifiable tangible and intangible assets acquired, goodwill is recognized. To the extent that this difference is negative, the amount is recognized as a gain in income. Goodwill is not amortized and is not deductible for tax purposes. However, after initial recognition, goodwill will be measured at cost less any accumulated impairment losses. An impairment assessment will be performed at least annually, and whenever circumstances such as significant declines in expected revenues, earnings or cash flows indicate that it is more likely than not that goodwill might be impaired. Goodwill impairment charges are not reversible. When a business combination is achieved in stages, previously held interests in the acquired entity are re-measured to fair value at the acquisition date, which is the date control is obtained, and the resulting gain or loss, if any, is recognized in income. Amounts arising from interests in the acquired business prior to the acquisition date that have previously been recognized in OCI are reclassified to income. Upon disposal or loss of control of a subsidiary, the carrying amount of the net assets of the subsidiary (including any OCI relating to the subsidiary) are derecognized with the difference between any proceeds received and the carrying amount of the net assets recognized as a gain or loss in income. Where applicable, the consideration for the acquisition includes any asset or liability resulting from a contingent consideration arrangement, measured at its acquisition-date fair value. Subsequent changes in fair values are adjusted against the cost of the acquisition where they qualify as measurement period adjustments. All other subsequent changes in the fair value of contingent consideration classified as liabilities will be recognized in the consolidated statements of income (loss), whereas changes in the fair values of contingent consideration classified within equity are not subsequently re-measured.
Assets held for sale	Assets held for sale Assets and disposal groups are classified as held for sale if their carrying amount will be recovered principally through a sale transaction rather than through continuing use. This condition is regarded as met only when the sale is highly probable and the non-current asset or disposal group is available for immediate sale in its present condition. Management must be committed to the sale, which should be expected to qualify for recognition as a completed sale within one year from the date of classification subject to limited exceptions. When Brookfield Renewable is committed to a sale plan involving loss of control of a subsidiary, all of the assets and liabilities of that subsidiary are classified as held for sale when the criteria described above are met, regardless of whether Brookfield Renewable will retain a non-controlling interest in its former subsidiary after the sale. Non-current assets and disposal groups classified as held for sale are measured at the lower of their previous carrying amount and fair value less costs to sell. Assets classified as held for sale and the assets of a disposal group are presented separately from other assets in the consolidated statements of financial position and are classified as current. The liabilities of a disposal group classified as held for sale are presented separately from other liabilities in the consolidated statements of financial position and are classified as current. Once classified as held for sale, property, plant and equipment and intangible assets are not depreciated or amortized.
Capitalized costs	Capitalized costs Capitalized costs related to CWIP include eligible expenditures incurred in connection with acquisition, construction or production of a qualifying asset. A qualifying asset is an asset that takes a substantial period of time to prepare for its intended use. Interest and borrowing costs related to CWIP are capitalized when activities that are necessary to prepare the asset for its intended use or sale are in progress, expenditures for the asset have been incurred and funds have been used or borrowed to fund the construction or development. Capitalization of costs ceases when the asset is ready for its intended use.
Pension and employees future benefits	Pension and employee future benefits Pension and employee future benefits are recognized in the consolidated financial statements in respect of employees of the operating entities within Brookfield Renewable. The costs of retirement benefits for defined benefit plans and post-employment benefits are recognized as the benefits are earned by employees. The projected unit credit method, using the length of service and management’s best estimate assumptions, is used to value pension and other retirement benefits. All actuarial gains and losses are recognized immediately through OCI in order for the net pension asset or liability recognized in the consolidated statements of financial position to reflect the full value of the plan deficit or surplus. Net interest is calculated by applying the discount rate to the net defined benefit asset or liability. Changes in the net defined benefit obligation related to service costs (comprising of current service costs, past services costs, gains and losses on curtailments and non-routine settlements), and net interest expense or income are recognized in the consolidated statements of income (loss). Re-measurements, comprising of actuarial gains or losses, the effect of the asset ceiling, and the return on plan assets (excluding net interest), are recognized immediately in the consolidated statements of financial position with a corresponding debit or credit to OCI in the period in which they occur. Re-measurements are not reclassified to income in subsequent periods. For defined contribution plans, amounts are expensed based on employee entitlement.
Decommissioning, restoration and environmental liabilities	Decommissioning, restoration and environmental liabilities Legal and constructive obligations associated with the retirement of property, plant and equipment are recorded as liabilities when those obligations are incurred and are measured at the present value of the expected costs to settle the liability, using a discount rate that reflects the current market assessments of the time value of money and the risks specific to the liability. The liability is accreted up to the date the liability will be settled with a corresponding charge to operating expenses. The carrying amount of decommissioning, restoration and environmental liabilities is reviewed annually with changes in the estimates of timing or amount of cash flows added to or deducted from the cost of the related asset.
Provisions	Provisions A provision is a liability of uncertain timing or amount. A provision is recognized if Brookfield Renewable has a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources will be required to settle the obligation and the amount can be reliably estimated. Provisions are not recognized for future operating losses. The provision is measured at the present value of the best estimate of the expenditures expected to be required to settle the obligation using a discount rate that reflects the current market assessments of the time value of money and the risks specific to the obligation. Provisions are re-measured at each statement of financial position date using the current discount rate. The increase in the provision due to the passage of time is recognized as interest expense.
Interest income	Interest income Interest income is earned with the passage of time and is recorded on an accrual basis.
Government grants	Government grants Brookfield Renewable becomes eligible for government grants by constructing or purchasing renewable power generating assets, and by bringing those assets to commercial operation, coupled with a successful application to the applicable program or agency. The assessment of whether or not a project has complied with the conditions and that there is reasonable assurance the grants will be received will be undertaken on a case-by-case basis. Brookfield Renewable reduces the cost of the asset by the amount of the grant. The grant amounts are recognized in income on a systematic basis as a reduction of depreciation over the periods, and in the proportions, in which depreciation on those assets is charged. With respect to grants related to income, the government assistance (in the form of the difference between market price and guaranteed fixed price) typically becomes payable once electricity is produced and delivered to the relevant grid. It is at this point that the receipt of the grant becomes reasonably assured, and therefore the grant is recognized as revenue in the month that delivery of the electricity occurs.
Critical estimates and judgements in applying accounting policies	Critical estimates Brookfield Renewable makes estimates and assumptions that affect the carrying value of assets and liabilities, disclosure of contingent assets and liabilities and the reported amount of income and OCI for the year. Actual results could differ from these estimates. The estimates and assumptions that are critical to the determination of the amounts reported in the consolidated financial statements relate to the following: (i) Property, plant and equipment The fair value of Brookfield Renewable’s property, plant and equipment is calculated using estimates and assumptions about future electricity prices from renewable sources, anticipated long-term average generation, estimated operating and capital expenditures, future inflation rates, discount rates and terminal value, as described in Note 12 – Property, plant and equipment, at fair value. Judgment is involved in determining the appropriate estimates and assumptions in the valuation of Brookfield Renewable’s property, plant and equipment. See Note 1(s)(iii) – Critical judgments in applying accounting policies – Property, plant and equipment for further details. Estimates of useful lives and residual values are used in determining depreciation and amortization. To ensure the accuracy of useful lives and residual values, these estimates are reviewed on an annual basis. (ii) Financial instruments Brookfield Renewable makes estimates and assumptions that affect the carrying value of its financial instruments, including estimates and assumptions about future electricity prices, long-term average generation, capacity prices, discount rates, the timing of energy delivery and the elements affecting fair value of the tax equity financings. The fair value of interest rate swaps is the estimated amount that another party would receive or pay to terminate the swap agreements at the reporting date, taking into account current market interest rates. This valuation technique approximates the net present value of future cash flows. See Note 5 – Risk management and financial instruments for more details. (iii) Deferred income taxes The consolidated financial statements include estimates and assumptions for determining the future tax rates applicable to subsidiaries and identifying the temporary differences that relate to each subsidiary. Deferred income tax assets and liabilities are measured at the tax rates that are expected to apply during the year when the assets are realized or the liabilities settled, using the tax rates and laws enacted or substantively enacted at the consolidated statement of financial position dates. Operating plans and forecasts are used to estimate when the temporary difference will reverse based on future taxable income. (iv) Decommissioning liabilities Decommissioning costs will be incurred at the end of the operating life of some of Brookfield Renewable’s assets. These obligations are typically many years in the future and require judgment to estimate. The estimate of decommissioning costs can vary in response to many factors including changes in relevant legal, regulatory, and environmental requirements, the emergence of new restoration techniques or experience at other power generating facilities. Inherent in the calculations of these costs are assumptions and estimates including the ultimate settlement amounts, inflation factors, discount rates, and timing of settlements. (v) Impairment of goodwill The impairment assessment of goodwill requires estimation of the value-in-use or fair value less costs of disposal of the CGUs or groups of CGUs to which goodwill has been allocated. Brookfield Renewable uses the following critical assumptions and estimates for the value-in-use method: the circumstances that gave rise to the goodwill, timing and amount of future cash flows expected from the CGUs; discount rates; terminal capitalization rates; terminal valuation dates and future leverage assumptions. (s) Critical judgments in applying accounting policies The following are the critical judgments that have been made in applying the accounting policies used in the consolidated financial statements that have the most significant effect on the amounts in the consolidated financial statements: (i) Preparation of consolidated financial statements These consolidated financial statements present the financial position, results of operations and cash flows of Brookfield Renewable. Brookfield Renewable exercises judgment in determining whether non-wholly owned subsidiaries are controlled by Brookfield Renewable. Brookfield Renewable’s judgment included the determination of (i) how the relevant activities of the subsidiary are directed; (ii) whether the rights of shareholdings are substantive or protective in nature; and (iii) Brookfield Renewable’s ability to influence the returns of the subsidiary. (ii) Common control transactions Common control business combinations specifically fall outside of scope of IFRS 3 and as such management has used its judgment to determine an appropriate policy to account for these transactions by considering other relevant accounting guidance that is within the framework of principles in IFRS and that reflects the economic reality of the transactions. Brookfield Renewable’s policy is to record assets and liabilities recognized as a result of transactions between entities under common control at the carrying value on the transferor’s financial statements, and to have the consolidated statements of income (loss), consolidated statements of comprehensive income, consolidated statements of financial position, consolidated statements of changes in equity and consolidated statements of cash flows reflect the results of the combined entities for all periods presented for which the entities were under the transferor’s common control, irrespective of when the combination takes place. Differences between the consideration given and the assets and liabilities received are recorded directly to equity. (iii) Property, plant and equipment The accounting policy relating to Brookfield Renewable’s property, plant and equipment is described in Note 1(g) – Property, plant and equipment and revaluation method. In applying this policy, judgment is used in determining whether certain costs are additions to the carrying amount of the property, plant and equipment as opposed to repairs and maintenance that are expensed when incurred. If an asset has been developed, judgment is required to identify the point at which the asset is capable of being used as intended and to identify the directly attributable costs to be included in the carrying value of the development asset. The useful lives of property, plant and equipment are determined by independent engineers periodically with an annual review by management. Annually, Brookfield Renewable determines the fair value of its property, plant and equipment using a methodology that it has judged to be reasonable. The methodology for hydroelectric assets is generally a twenty-year discounted cash flow model. Twenty years is the period considered reasonable as Brookfield Renewable has twenty-year capital plans and it believes a reasonable third party would be indifferent between extending the cash flows further in the model versus using a discounted terminal value. The methodology for wind, solar and storage & other assets is to align the model length with the expected remaining useful life of the subject assets. The valuation model incorporates future cash flows from long-term power purchase agreements that are in place where it is determined that the power purchase agreements are linked specifically to the related power generating assets. With respect to estimated future generation that does not incorporate long-term power purchase agreement pricing, the cash flow model uses estimates of future electricity prices using broker quotes from independent sources for the years in which there is a liquid market. The valuation of generation not linked to long-term power purchase agreements also requires the development of a long-term estimate of future electricity prices. In this regard the valuation model uses a discount to the all-in cost of construction with a reasonable return, to secure energy from a new renewable resource with a similar generation profile to the asset being valued as the benchmark that will establish the market price for electricity for renewable resources. Brookfield Renewable’s long-term view is anchored to the cost of securing new energy from renewable sources to meet future demand growth by the years 2027 to 2035 in North America, 2030 in Colombia, and 2027 in Brazil. The year of new entry is viewed as the point when generators must build additional capacity to maintain system reliability and provide an adequate level of reserve generation with the retirement of older coal-fired plants and rising environmental compliance costs in North America and Europe, and overall increasing demand in Colombia and Brazil. For the North American and European businesses, Brookfield Renewable has estimated a discount to these new-build renewable asset prices to determine renewable electricity prices for hydroelectric, solar and wind facilities. In Brazil and Colombia, the estimate of future electricity prices is based on a similar approach as applied in North America using a forecast of the all-in cost of development. Terminal values are included in the valuation of hydroelectric assets in North America and Colombia. For the hydroelectric assets in Brazil, cash flows have been included based on the duration of the authorization or useful life of a concession asset with consideration of a one-time thirty-year renewal on qualifying hydroelectric assets. Discount rates are determined each year by considering the current interest rates, average market cost of capital as well as the price risk and the geographical location of the operational facilities as judged by management. Inflation rates are also determined by considering the current inflation rates and the expectations of future rates by economists. Operating costs are based on long-term budgets escalated for inflation. Each operational facility has a
Deferred income taxes	Deferred income taxes The accounting policy relating to Brookfield Renewable’s income taxes is described in Note 1(n) – Income taxes. In applying this policy, judgments are made in determining the probability of whether deductions, tax credits and tax losses can be utilized.
Recently adopted accounting standards and Future changes in accounting policies	Recently adopted accounting standards International Tax Reform - Amendments to IAS 12 – Pillar Two model rules In May 2023, the IASB issued amendments to IAS 12 “Income Taxes” to give entities temporary mandatory relief from accounting for deferred taxes arising from the Organization for Economic Co-operation and Developments (“OECD”) international tax reform. The amendments are effective immediately upon their issue and retrospectively in accordance with IAS 8 “Accounting Policies, Changes in Accounting Estimates and Errors,” except for some targeted disclosure requirements which become effective for annual reporting periods on or after January 1, 2023. Brookfield Renewable operates in countries which have enacted new legislation to implement the global minimum top-up tax. Brookfield Renewable has applied the temporary mandatory relief from recognizing and disclosing information related to the top-up tax and will account for it as a current tax when it is incurred. The newly enacted legislation is effective from January 1, 2024 and there is no current tax impact for the year ended December 31, 2023. The global minimum top-up tax is not anticipated to have a significant impact on the financial position of Brookfield Renewable. Amendments to IAS 1 – Presentation of Financial Statements (“IAS 1”) The amendments clarify how to classify debt and other liabilities as current or non-current. The amendments to IAS 1 apply to annual reporting periods beginning on or after January 1, 2024. Brookfield Renewable is currently assessing the impact of these amendments.

BASIS OF PREPARATION AND MATE_3

BASIS OF PREPARATION AND MATERIAL ACCOUNTING POLICY INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2023
Basis Of Preparation And Significant Accounting Policies Abstract [Abstract]
Summary depreciation on power generating assets	Depreciation on power generating assets is calculated on a straight-line basis over the estimated service lives of the assets, which are as follows: Estimated service lives Dams Up to 115 years Penstocks Up to 60 years Powerhouses Up to 115 years Hydroelectric generating units Up to 115 years Wind generating units Up to 30 years Solar generating units Up to 35 years Gas-fired cogenerating (“Cogeneration”) units Up to 40 years Other assets Up to 60 years
Disclosure of tax equity financing	The fair value of the tax equity financing is generally comprised of the following elements: Elements affecting the fair value of the tax equity financing Description Production tax credits (PTCs) Allocation of PTCs to the tax equity investor are derived from the power generated during the period. The PTCs are recognized in foreign exchange and financial instrument gain (loss) with a corresponding reduction to the tax equity liability. Investment tax credits (ITCs) Allocation of ITCs to the tax equity investor are derived as a percentage of a projects total cost. Once received, the ITCs are recognized as a reduction to property, plant and equipment with a corresponding reduction to the tax equity liability. Taxable loss, including tax attributes such as accelerated tax depreciation Under the terms of the tax equity agreements, Brookfield Renewable is required to allocate specified percentages of taxable losses to the tax equity investor. As amounts are allocated, the obligation to deliver them is satisfied and a reduction to the tax equity liability is recorded with a corresponding amount recorded within foreign exchange and financial instrument gain (loss) on the consolidated statements of income (loss). Pay-go contributions Certain of the contracts contain annual production thresholds. When the thresholds are exceeded, the tax equity investor is required to contribute additional cash amounts. The cash amounts paid increase the value of the tax equity liability. Cash distributions Certain of the contracts also require cash distributions to the tax equity investor. Upon payment, the tax equity liability is reduced in the amount of the cash distribution.

PRINCIPAL SUBSIDIARIES (Tables)

PRINCIPAL SUBSIDIARIES (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of subsidiaries [abstract]
Summary of subsidiaries of Brookfield Renewable	The following table lists the subsidiaries of Brookfield Renewable which significantly affect its financial position and results of operations as at December 31, 2023: Jurisdiction of Incorporation or Organization Percentage of voting securities owned or controlled (%) BP Brazil US Subco LLC Delaware 100 Brookfield BRP Canada Corp. Ontario 100 Brookfield BRP Europe Holdings (Bermuda) Limited Bermuda 100 Brookfield Power US Holding America Co. Delaware 100 Isagen S.A. E.S.P. (1) Colombia 99.70 TerraForm Power Parent, LLC (1) New York 100 (1) Voting control held, in whole or in part, through voting agreements with Brookfield and co-investment.

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about business combination [abstract]
Summary of final purchase price allocations, at fair values	The purchase price allocations, at fair value, as at December 31, 2023, with respect to the business combinations are as follows: (MILLIONS) Brazil Wind Portfolio U.S. Renewable Portfolio (1) India Renewable Portfolio (1) Brazil Wind Portfolio (1) U.K. Wind Portfolio (1) Total Cash and cash equivalents $ 10 $ 88 $ 27 $ 1 $ 60 $ 186 Restricted cash — 111 32 — 1 144 Trade receivables and other current assets 9 127 69 4 26 235 Property, plant and equipment 130 3,937 851 40 995 5,953 Deferred tax assets — — 22 — — 22 Financial instruments assets (2) — 38 — — 8 46 Equity accounted investments — 36 8 — — 44 Other non-current assets 19 54 39 5 — 117 Accounts payable and accrued liabilities (22) (88) (62) (2) (13) (187) Current portion of non-recourse borrowings (4) (187) (35) (2) (61) (289) Financial instruments liabilities (2) — (1,037) — — (65) (1,102) Non-recourse borrowings (45) (905) (581) (17) (236) (1,784) Deferred income tax liabilities — (29) (48) — (151) (228) Provisions (2) (219) — — (6) (227) Other long-term liabilities — (130) (19) (6) (58) (213) Fair value of net assets acquired 95 1,796 303 23 500 2,717 Non-controlling interests — (343) (37) — (34) (414) Goodwill — — 181 — 159 340 Total fair value of net assets acquired including goodwill, net of non-controlling interests $ 95 $ 1,453 $ 447 $ 23 $ 625 $ 2,643 (1) The purchase price allocation is preliminary as at December 31, 2023. Brookfield Renewable is currently assessing the fair value of Property, plant and equipment, Financial instruments, Provisions, Deferred tax, Non-recourse borrowings, Other long-term liabilities and Goodwill for the purchase price allocation and expect to finalize the balances in 2024 within the one year measurement period. Refer to Note 7 - Other income for more details. (2) Includes both short-term and long-term balances. The final purchase price allocation, at fair value, as at December 31, 2023, with respect to the U.S. Distributed Generation Portfolio business combination is as follows: (MILLIONS) U.S. Distributed Generation Portfolio Cash and cash equivalents $ 33 Restricted cash 6 Trade receivables and other current assets 13 Property, plant and equipment 744 Financial instruments assets 10 Deferred income tax assets 3 Other non-current assets 21 Accounts payable and accrued liabilities (66) Current portion of non-recourse borrowings (10) Financial instruments liabilities (7) Non-recourse borrowings (312) Provisions (22) Other long-term liabilities (35) Fair value of net assets acquired 378 Goodwill 236 Total fair value of net assets acquired including goodwill $ 614 The final purchase price allocation, at fair value, as at December 31, 2023, with respect to the U.S. Wind Portfolio business combination is as follows: (MILLIONS) U.S. Wind Portfolio Cash and cash equivalents $ 26 Restricted cash 5 Trade receivables and other current assets 13 Assets classified as held for sale 234 Property, plant and equipment 1,700 Financial instruments assets 2 Other non-current assets 10 Accounts payable and accrued liabilities (38) Liabilities classified as held for sale (143) Financial instruments liabilities (628) Provisions (22) Other long-term liabilities (45) Fair value of net assets acquired 1,114 Non-controlling interests (23) Goodwill 1 Total fair value of net assets acquired including goodwill, net of non-controlling interests $ 1,092 The purchase price allocations, at fair value, as at December 31, 2022, with respect to the business combinations are as follows: (MILLIONS) Chile Distributed Generation Portfolio Europe Utility-scale Solar Portfolio U.S. Utility-scale Solar Portfolio (1) U.S. Distributed Generation Portfolio (2)(3) US Wind Portfolio (2)(4) Total Cash and cash equivalents $ 2 $ 3 $ 22 $ 33 $ 26 $ 86 Restricted cash — — 6 6 5 17 Trade receivables and other current assets 2 30 48 13 13 106 Assets classified as held for sale (4) — — — — 240 240 Property, plant and equipment 21 1 561 708 1,796 3,087 Deferred tax assets — — — 10 — 10 Financial instruments assets (5) — — — 10 2 12 Other non-current assets 1 — 4 21 22 48 Accounts payable and accrued liabilities (1) (5) (32) (66) (38) (142) Current portion of non-recourse borrowings — — — (9) — (9) Liabilities classified as held for sale (4) — — — — (135) (135) Financial instruments liabilities (5) — — (15) (15) (725) (755) Non-recourse borrowings (6) — (48) (346) — (400) Deferred income tax liabilities — (7) (43) — — (50) Provisions — — — (25) (29) (54) Other long-term liabilities — — (30) (35) (68) (133) Fair value of net assets acquired 19 22 473 305 1,109 1,928 Non-controlling interests — — — — (26) (26) Goodwill 18 68 287 309 9 691 Total fair value of net assets acquired including goodwill, net of non-controlling interests $ 37 $ 90 $ 760 $ 614 $ 1,092 $ 2,593 (1) During the year ended December 31, 2022, Brookfield Renewable recorded purchase price allocation adjustment of $176 million primarily to Property, plant and equipment, Deferred tax asset, Other non-current assets, Deferred income tax liabilities and Other long-term liabilities. (2) The purchase price allocation was preliminary as at December 31, 2022 and was finalized during the year ended December 31, 2023. (3) During the ended December 31, 2022, Brookfield Renewable recorded purchase price allocation adjustments of $97 million primarily to Property, plant and equipment, at fair value, Deferred tax assets and Deferred income tax liabilities. (4) Refer to Note 4 - Disposal of assets. (5) Includes both short-term and long-term balances. The purchase price allocation, at fair value, as at December 31, 2021, with respect to the business combinations are as follows: (MILLIONS) Oregon Wind Portfolio U.S. Distributed Generation Portfolio Total Cash and cash equivalents $ 1 $ 1 $ 2 Restricted cash 49 5 54 Trade receivables and other current assets 28 23 51 Property, plant and equipment 1,643 723 2,366 Current liabilities (10) (6) (16) Current portion of non-recourse borrowings (74) (7) (81) Financial instruments (16) — (16) Non-recourse borrowings (761) (133) (894) Provisions (83) (16) (99) Other long-term liabilities (33) (23) (56) Fair value of net assets acquired 744 567 1,311 Goodwill — 117 117 Total fair value of net assets acquired including goodwill, net of non-controlling interests $ 744 $ 684 $ 1,428

RISK MANAGEMENT AND FINANCIAL_2

RISK MANAGEMENT AND FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2023
RISK MANAGEMENT AND FINANCIAL INSTRUMENTS [Abstract]
Summary of financial instruments that Brookfield Renewable	Impact of a 5% change in the market price of electricity, on outstanding energy derivative contracts and IFRS 9 PPAs, for the year ended December 31: Effect on net income (1) Effect on OCI (1) (MILLIONS) 2023 2022 2021 2023 2022 2021 5% increase $ (62) $ (76) $ (37) $ (23) $ (36) $ (21) 5% decrease 62 75 40 23 36 22 (1) Amounts represent the potential annual net pretax impact. Impact of a 5% change in U.S. dollar exchange rates, on outstanding foreign exchange swaps, for the year ended December 31: Effect on net income (1) Effect on OCI (1) (MILLIONS) 2023 2022 2021 2023 2022 2021 5% increase $ 29 $ 27 $ 29 $ 307 $ 96 $ 95 5% decrease (29) (27) (29) (307) (96) (95) (1) Amounts represent the potential annual net pretax impact. Impact of a 1% change in interest rates, on outstanding interest rate swaps, variable-rate debt and tax equity, for the year ended December 31: Effect on net income (1) Effect on OCI (1) (MILLIONS) 2023 2022 2021 2023 2022 2021 1% increase $ (129) $ 20 $ 15 $ 148 $ 112 $ 114 1% decrease 130 (20) (16) (156) (118) (124) (1) Amounts represent the potential annual net pretax impact. The maximum credit exposure at December 31 was as follows: (MILLIONS) 2023 2022 Trade receivables and other short-term receivables $ 923 $ 883 Long-term receivables 382 235 Financial instrument assets (1) 400 390 Due from related parties (1) 1,578 251 Contract asset (1) 375 395 $ 3,658 $ 2,154 (1) Includes both the current and long-term amounts.
Summary to classifies the cash obligations related to Brookfield Renewables liabilities into relevant maturity groupings based on the remaining period from the statement of financial position dates to the contractual maturity date	The table below classifies the cash obligations related to Brookfield Renewable’s liabilities into relevant maturity groupings based on the remaining period from the statement of financial position dates to the contractual maturity date. AS AT DECEMBER 31, 2023 < 1 year 2-5 years > 5 years Total Accounts payable and accrued liabilities $ 1,197 $ — $ — $ 1,197 Financial instrument liabilities (1) 401 871 1,010 2,282 Due to related parties 835 705 — 1,540 Other long-term liabilities – concession payments 1 4 11 16 Lease liabilities (1) 41 193 534 768 Corporate borrowings (1) 183 679 1,981 2,843 Non-recourse borrowings (1) 4,752 9,474 12,794 27,020 Interest payable on borrowings (2) 2,651 7,123 6,977 16,751 Total $ 10,061 $ 19,049 $ 23,307 $ 52,417 AS AT DECEMBER 31, 2022 < 1 year 2-5 years > 5 years Total Accounts payable and accrued liabilities $ 1,086 $ — $ — $ 1,086 Financial instrument liabilities (1) 559 1,018 652 2,229 Due to related parties 586 1 — 587 Other long-term liabilities – concession payments 2 6 12 20 Lease liabilities (1) 30 116 413 559 Corporate borrowings (1) 249 664 1,643 2,556 Non-recourse borrowings (1) 2,027 7,904 12,390 22,321 Interest payable on borrowings (2) 1,368 4,141 4,663 10,172 Total $ 5,907 $ 13,850 $ 19,773 $ 39,530 (1) Includes both the current and long-term amounts. (2) Represents aggregate interest payable expected to be paid over the entire term of the obligations, if held to maturity. Variable rate interest payments have been calculated based on estimated interest rates.
Summary of Brookfield Renewables assets and liabilities measured and disclosed at fair value classified by the fair value hierarchy	(MILLIONS) Level 1 Level 2 Level 3 2023 2022 Assets measured at fair value: Cash and cash equivalents $ 1,141 $ — $ — $ 1,141 $ 998 Restricted cash (1) 391 — — 391 191 Financial instrument assets (1) IFRS 9 PPAs — — 50 50 2 Energy derivative contracts — 90 — 90 37 Interest rate swaps — 233 — 233 335 Foreign exchange swaps — 27 — 27 16 Tax equity — — 27 27 — Investments in debt and equity securities — 46 1,494 1,540 1,235 Property, plant and equipment — — 64,005 64,005 54,283 Liabilities measured at fair value: Financial instrument liabilities (1) IFRS 9 PPAs (2) — (56) (742) (798) (668) Energy derivative contracts — (82) — (82) (238) Interest rate swaps — (105) — (105) (82) Foreign exchange swaps — (353) — (353) (110) Tax equity — — (1,782) (1,782) (1,131) Contingent consideration (3) — — (92) (92) (68) Liabilities for which fair value is disclosed: Corporate borrowings (1) (2,731) — — (2,731) (2,362) Non-recourse borrowings (1) (2,116) (24,723) — (26,839) (21,117) Total $ (3,315) $ (24,923) $ 62,960 $ 34,722 $ 31,253 (1) Includes both the current amount and long-term amount. (2) During the year ended December 31, 2023 $56 million (2022: nil) was transferred from Level 3 to Level 2. (3) Amount relates to business combination completed in 2022 and 2023 with obligations lapsing from 2024 to 2027.
Summary of Brookfield Renewables net financial instrument positions	The aggregate amount of Brookfield Renewable’s net financial instrument positions as at December 31 are as follows: Financial Instruments Assets Financial Instruments Liabilities Instruments not designated as hedges Instruments not designated as hedges (MILLIONS) Instruments designated as hedges Fair value through profit & loss Fair value through OCI Total Instruments designated as hedges Fair value through profit & loss Fair value through OCI Total Net Assets IFRS 9 PPAs — $ 2 $ — $ 2 $ (94) $ (574) $ — $ (668) $ (666) Energy derivative contracts 12 $ 25 $ — $ 37 $ (37) $ (201) $ — $ (238) $ (201) Interest rate swaps 284 51 — 335 (15) (67) — (82) 253 Foreign exchange swaps 14 2 — 16 (90) (20) — (110) (94) Investments in debt and equity securities — 1,010 225 1,235 — — — — 1,235 Tax equity — — — — — (1,131) — (1,131) (1,131) Balance, as at December 31, 2022 $ 310 $ 1,090 $ 225 $ 1,625 $ (236) $ (1,993) $ — $ (2,229) $ (604) Less: current portion (125) 559 434 Long-term portion $ 1,500 $ (1,670) $ (170) IFRS 9 PPAs $ 39 $ 11 $ — $ 50 $ (71) $ (727) $ — $ (798) $ (748) Energy derivative contracts 96 (6) — 90 — (82) — (82) 8 Interest rate swaps 181 52 — 233 (33) (72) — (105) 128 Foreign exchange swaps 27 — — 27 (325) (28) — (353) (326) Investments in debt and equity securities — 1,403 137 1,540 — — — — 1,540 Tax equity — 27 — 27 — (1,782) — (1,782) (1,755) Balance, as at December 31, 2023 $ 343 $ 1,487 $ 137 $ 1,967 $ (429) $ (2,691) $ — $ (3,120) $ (1,153) Less: current portion (199) 687 488 Long-term portion $ 1,768 $ (2,433) $ (665) The following table presents the change in Brookfield Renewable’s total net financial instrument asset position as at and for the year ended December 31: (MILLIONS) Balance as at Dec 31, 2022 asset (liability) Changes in fair value recognized in OCI (1) Changes in fair value (hedge ineffectiveness) (2) Changes in fair value on financial instruments through profit and loss (2) Amounts reclassified from OCI to income Acquisitions, settlements and other Foreign exchange gain (loss) Balance as at Dec 31, 2023 asset (liability) IFRS 9 PPAs (3) $ (666) $ 54 $ (6) $ 74 $ 13 $ (217) $ — $ (748) Energy derivative contracts (201) 220 (3) 89 (110) 13 — 8 Interest rate swaps 253 (20) — 33 (90) (47) (1) 128 Foreign exchange swaps (94) (128) — (1) — (103) — (326) Investments in debt and equity securities 1,235 8 — 119 — 182 (4) 1,540 Tax equity (1,131) — — 243 — (867) — (1,755) $ (604) $ 134 $ (9) $ 557 $ (187) $ (1,039) $ (5) $ (1,153) (1) Amounts recognized in Equity-accounted investments, Gains (losses) arising during the year on financial instruments designated as cash-flow hedges and Unrealized gain (loss) on foreign exchange swaps – net investment hedge on the consolidated statements of comprehensive income (loss). (2) Amounts recognized in Foreign exchange and financial instruments gain (loss) on the consolidated statements of income (loss) excluding realized gains and losses recorded on foreign exchange. (3) Level 3 power purchase agreements accounted for as energy derivatives that are either designated as a hedge or not designated as a hedge. (MILLIONS) Balance as at Dec 31, 2021 asset (liability) Changes in fair value recognized in OCI (1) Changes in fair value (hedge ineffectiveness) (2) Changes in fair value on derivatives not designated in hedge relationships (2) Amounts reclassified from OCI to income Acquisitions, settlements and other Foreign exchange gain (loss) Balance as at Dec 31, 2022 asset (liability) IFRS 9 PPAs (3) $ (20) $ (75) $ (13) $ (216) $ 22 $ (364) $ — $ (666) Energy derivative contracts (151) (117) 2 (134) 142 57 — (201) Interest rate swaps (188) 331 5 85 5 18 (3) 253 Foreign exchange swaps (24) (56) — 89 — (103) — (94) Investments in debt and equity securities 195 (11) — 13 — 1,046 (8) 1,235 Tax equity (455) — — 115 — (791) — (1,131) $ (643) $ 72 $ (6) $ (48) $ 169 $ (137) $ (11) $ (604) (1) Amounts recognized in Equity-accounted investments, Gains (losses) arising during the year on financial instruments designated as cash-flow hedges and Unrealized gain (loss) on foreign exchange swaps – net investment hedge on the consolidated statements of comprehensive income (loss). (2) Amounts recognized in Foreign exchange and financial instruments gain (loss) on the consolidated statements of income (loss) excluding realized gains and losses recorded on foreign exchange. (3) Level 3 power purchase agreements accounted for as energy derivatives that are either designated as a hedge or not designated as a hedge.
Summary of derivative contracts designated as hedging instruments	The following table summarizes the energy derivative contracts designated as hedging instruments: Energy derivative contracts and IFRS 9 PPAs December 31, 2023 December 31, 2022 Carrying amount (asset/(liability)) 64 (116) Notional amount – GWh 26,083 13,674 Weighted average hedged rate for the year ($/MWh) 50 58 Maturity dates 2024-2044 2023-2038 Hedge ratio 1:1 1:1 Change in discounted spot value of outstanding hedging instruments 152 (90) Change in value of hedged item used to determine hedge effectiveness (118) 64 The following table summarizes the interest rate hedges designated as hedging instruments: Interest rate hedges December 31, 2023 December 31, 2022 Carrying amount (asset/(liability)) 148 269 Notional amount – $ 1,633 803 Notional amount – C$ (1) 326 349 Notional amount – € (1) 1,204 1,315 Notional amount – £ (1) 312 296 Notional amount – COP (1) 196 157 Maturity dates 2024-2061 2023-2061 Hedge ratio 1:1 1:1 Change in discounted spot value of outstanding hedging instruments (124) 333 Change in value of hedged item used to determine hedge effectiveness 124 (328) (1) Notional amounts of foreign currency denominated interest rate hedges are presented at the U.S. dollar equivalent value based on the December 31, 2023 foreign currency spot rate. The following table summarizes the foreign exchange swaps designated as hedging instruments: Foreign exchange swaps December 31, 2023 December 31, 2022 Carrying amount (asset/(liability)) (298) (76) Notional amount for hedges of the Colombian Peso (1) 2,602 601 Notional amount for hedges of the euro (1) 644 302 Notional amount for hedges of the British pounds sterling (1) 818 76 Notional amount for hedges of the Chinese yuan (1) 701 575 Notional amount for hedges of the Indian rupee (1) 710 128 Notional amount for hedges of the Brazilian real (1) 607 79 Notional amount for hedges of other currencies (1) 43 104 Maturity date 2024 - 2027 2023 - 2024 Hedge ratio 1:1 1:1 Weighted average hedged rate for the year: COP/$ foreign exchange forward contracts 4,642 5,038 €/$ foreign exchange forward contracts 0.99 0.99 £/$ foreign exchange forward contracts 0.80 0.83 CNY/$ foreign exchange forward contracts 6.92 7.05 INR/$ foreign exchange forward contracts 86 83 BRL/$ foreign exchange forward contracts 5.37 5.69 (1) Notional amounts expressed in millions of U.S. dollars

SEGMENTED INFORMATION (Tables)

SEGMENTED INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of operating segments [abstract]
Summary of adjusted EBITDA and funds from operations	The following table provides each segment’s results in the format that management organizes its segments to make operating decisions and assess performance and reconciles Brookfield Renewable’s proportionate results to the consolidated statements of income (loss) on a line-by-line basis by aggregating the components comprising the earnings from Brookfield Renewable’s investments in associates and reflecting the portion of each line item attributable to non-controlling interests for the year ended December 31, 2023: Attributable to Unitholders Contribution from equity-accounted investments Attributable to non-controlling interests and other (1) As per IFRS financials (2) Hydroelectric Wind Utility-scale solar Distributed energy & storage Sustainable solutions Corporate Total (MILLIONS) North America Brazil Colombia Revenues $ 1,029 $ 240 $ 293 $ 511 $ 365 $ 241 $ 147 $ — $ 2,826 $ (234) $ 2,446 $ 5,038 Other income 22 5 6 146 106 20 19 88 412 (81) 340 671 Direct operating costs (381) (73) (124) (164) (99) (81) (105) (29) (1,056) 110 (987) (1,933) Share of revenue, other income and direct operating costs from equity-accounted investments — — — — — — — — — 205 — 205 670 172 175 493 372 180 61 59 2,182 — 1,799 Management service costs — — — — — — — (205) (205) — — (205) Interest expense (266) (19) (82) (105) (110) (43) (6) (114) (745) 33 (915) (1,627) Current income taxes (2) (7) (17) (6) (1) (4) (3) — (40) 7 (95) (128) Distributions attributable to Preferred limited partners equity — — — — — — — (41) (41) — — (41) Preferred equity — — — — — — — (27) (27) — — (27) Perpetual subordinated notes — — — — — — — (29) (29) — — (29) Share of interest and cash taxes from equity-accounted investments — — — — — — — — — (40) — (40) Share of Funds From Operations attributable to non-controlling interests — — — — — — — — — — (789) (789) Funds From Operations 402 146 76 382 261 133 52 (357) 1,095 — — Depreciation (1,852) Foreign exchange and financial instrument gain 502 Deferred income tax recovery 176 Other (212) Share of earnings from equity-accounted investments 21 Net income attributable to non-controlling interests 170 Net loss attributable to Unitholders (3) $ (100) (1) Amounts attributable to non-controlling interests and other includes certain non-recurring other income items. Refer to Note 7 - Other Income. (2) Share of earnings from equity-accounted investments of $186 million is comprised of amounts found on the Share of revenue, other income and direct operating costs, Share of interest and cash taxes and Share of earnings lines. Net income attributable to participating non-controlling interests – in operating subsidiaries of $619 million is comprised of amounts found on Share of Funds From Operations attributable to non-controlling interests and Net Income attributable to non-controlling interests. (3) Net income (loss) attributable to Unitholders includes net income (loss) attributable to GP interest, Redeemable/Exchangeable partnership units, BEPC exchangeable shares and LP units. Total net income (loss) includes amounts attributable to Unitholders, non-controlling interests, preferred limited partners equity, preferred equity, and perpetual subordinated notes . The following table provides each segment’s results in the format that management organizes its segments to make operating decisions and assess performance and reconciles Brookfield Renewable’s proportionate results to the consolidated statements of income (loss) on a line-by-line basis by aggregating the components comprising the earnings from Brookfield Renewable’s investments in associates and reflecting the portion of each line item attributable to non-controlling interests for the year ended December 31, 2022: Attributable to Unitholders Contribution from equity-accounted investments Attributable to non-controlling interests As per IFRS financials (1) Hydroelectric Wind Utility-scale solar Distributed energy & storage Sustainable solutions Corporate Total (MILLIONS) North America Brazil Colombia Revenues $ 964 $ 197 $ 273 $ 538 $ 374 $ 242 $ 48 $ — $ 2,636 $ (188) $ 2,263 4,711 Other income 15 22 10 56 90 23 3 73 292 (19) (137) 136 Direct operating costs (376) (52) (82) (164) (102) (76) (43) (31) (926) 86 (594) (1,434) Share of revenue, other income and opex from equity-accounted investments — — — — — — — — — 121 7 128 603 167 201 430 362 189 8 42 2,002 — 1,539 Management service costs — — — — — — — (243) (243) — — (243) Interest expense (185) (20) (57) (96) (102) (40) (2) (94) (596) 19 (647) (1,224) Current income taxes (6) (9) (27) (8) (7) (1) — (1) (59) 10 (99) (148) Distributions attributable to Preferred limited partners equity — — — — — — — (44) (44) — — (44) Preferred equity — — — — — — — (26) (26) — — (26) Perpetual subordinated notes — — — — — — — (29) (29) — — (29) Share of interest and cash taxes from equity-accounted investments — — — — — — — — — (29) (8) (37) Share of Funds From Operations attributable to non-controlling interests — — — — — — — — — — (785) (785) Funds From Operations 412 138 117 326 253 148 6 (395) 1,005 — — Depreciation (1,583) Foreign exchange and financial instrument loss (133) Deferred income tax recovery 150 Other (190) Share of earnings from equity-accounted investments 5 Net income attributable to non-controlling interests 451 Net loss attributable to Unitholders (2) $ (295) (1) Share of earnings from equity-accounted investments of $96 million is comprised of amounts found on the Share of revenue, other income and direct operating costs, Share of interest and cash taxes and Share of earnings lines. Net income attributable to participating non-controlling interests – in operating subsidiaries of $334 million is comprised of amounts found on Share of Funds From Operations attributable to non-controlling interests and Net income attributable to non-controlling interests. (2) Net income (loss) attributable to Unitholders includes net income (loss) attributable to GP interest, Redeemable/Exchangeable partnership units and LP units. Total net income (loss) includes amounts attributable to Unitholders, non-controlling interests, preferred limited partners equity and preferred equity. The following table provides each segment’s results in the format that management organizes its segments to make operating decisions and assess performance and reconciles Brookfield Renewable’s proportionate results to the consolidated statements of income (loss) on a line-by-line basis by aggregating the components comprising the earnings from Brookfield Renewable’s investments in associates and reflecting the portion of each line item attributable to non-controlling interests for the year ended December 31, 2021: Attributable to Unitholders Contribution from equity-accounted investments Attributable to non-controlling interests As per IFRS financials (1) Hydroelectric Wind Utility-scale solar Distributed energy & storage Sustainable solutions Corporate Total (MILLIONS) North America Brazil Colombia Revenues $ 876 $ 169 $ 224 $ 556 $ 348 $ 215 $ 27 $ — $ 2,415 $ (163) $ 1,844 4,096 Other income 42 36 14 126 39 — 3 41 301 (11) 14 304 Direct operating costs (349) (50) (79) (171) (89) (55) (17) (30) (840) 75 (600) (1,365) Share of revenue, other income and direct operating costs from equity-accounted investments — — — — — — — — — 99 43 142 569 155 159 511 298 160 13 11 1,876 — 1,301 Management service costs — — — — — — — (288) (288) — — (288) Interest expense (158) (20) (28) (106) (111) (30) (8) (78) (539) 29 (471) (981) Current income taxes (2) (4) (3) (9) (2) (2) — — (22) 3 (24) (43) Distributions attributable to Preferred limited partners equity — — — — — — — (55) (55) — — (55) Preferred equity — — — — — — — (26) (26) — — (26) Perpetual subordinated notes — — — — — — — (12) (12) — — (12) Share of interest and cash taxes from equity-accounted investments — — — — — — — — — (32) (33) (65) Share of Funds From Operations attributable to non-controlling interests — — — — — — — — — — (773) (773) Funds From Operations 409 131 128 396 185 128 5 (448) 934 — — Depreciation (1,501) Foreign exchange and financial instrument loss (32) Deferred income tax recovery 29 Other (307) Share of earnings from equity-accounted investments (55) Net income attributable to non-controlling interests 564 Net loss attributable to Unitholders (2) $ (368) (1) Share of earnings from equity-accounted investments of $22 million is comprised of amounts found on the Share of revenue, other income and direct operating costs, Share of interest and cash taxes and Share of earnings lines. Net income attributable to participating non-controlling interests – in operating subsidiaries of $209 million is comprised of amounts found on Share of Funds From Operations attributable to non-controlling interests and Net income attributable to non-controlling interests. (2) Net income (loss) attributable to Unitholders includes net income (loss) attributable to GP interest, Redeemable/Exchangeable partnership units and LP units. Total net income (loss) includes amounts attributable to Unitholders, non-controlling interests, preferred limited partners equity and preferred equity.
Summary of segmented basis about certain items in Brookfield Renewables statement of financial position	The following table presents information on a segmented basis about certain items in our company’s consolidated statements of financial position and reconciles our proportionate balances to the consolidated statements of financial position basis by aggregating the components comprising Brookfield Renewable's investments in associates and reflecting the portion of each line item attributable to non-controlling interests: Attributable to Unitholders Contribution from equity-accounted investments Attributable to non-controlling interests As per IFRS financials Hydroelectric Wind Utility-scale solar Distributed energy & storage Sustainable solutions Corporate Total (MILLIONS) North America Brazil Colombia As at December 31, 2023 Cash and cash equivalents $ 77 $ 20 $ 12 $ 225 $ 123 $ 50 $ 30 $ 3 $ 540 $ (85) $ 686 $ 1,141 Property, plant and equipment 15,134 1,694 2,490 6,024 3,635 2,386 341 — 31,704 (1,578) 33,879 64,005 Total assets 16,143 1,880 2,738 6,802 4,518 2,842 1,540 257 36,720 (1,529) 40,937 76,128 Total liabilities 9,231 531 1,645 4,727 3,484 1,705 1,126 3,159 25,608 (1,529) 22,070 46,149 As at December 31, 2022 Cash and cash equivalents $ 55 $ 15 $ 14 $ 150 $ 139 $ 61 $ 11 $ — $ 445 $ (43) $ 596 $ 998 Property, plant and equipment 15,331 1,743 1,826 4,853 3,046 2,110 227 — 29,136 (1,165) 26,312 54,283 Total assets 16,971 1,880 2,036 5,565 3,520 2,416 378 581 33,347 (587) 31,351 64,111 Total liabilities 9,456 892 625 3,709 2,874 1,322 113 2,827 21,818 (577) 16,584 37,825
Summary of consolidated revenue split by geographical region	The following table presents consolidated revenue split by reportable segment for the year ended December 31: (MILLIONS) 2023 2022 2021 Hydroelectric North America $ 1,135 $ 1,211 $ 1,044 Brazil 269 181 177 Colombia 1,285 1,135 929 2,689 2,527 2,150 Wind 1,213 1,146 1,074 Utility-scale solar 751 700 563 Distributed energy & storage 350 298 267 Sustainable solutions 35 40 42 Total $ 5,038 $ 4,711 $ 4,096
Summary of consolidated property, plant and equipment and equity-accounted investments split by geographical region	The following table presents consolidated property, plant and equipment and equity-accounted investments split by geography: (MILLIONS) December 31, 2023 December 31, 2022 United States $ 34,303 $ 29,056 Colombia 10,585 8,264 Canada 7,483 7,560 Brazil 5,622 4,754 Europe 5,046 3,963 Asia 3,320 1,932 Other 192 146 $ 66,551 $ 55,675

OTHER INCOME (Tables)

OTHER INCOME (Tables)	12 Months Ended
	Dec. 31, 2023
Other income [abstract]
Summary of Brookfield Renewables other income	Brookfield Renewable’s other income for the year ended December 31 is comprised of the following: (MILLIONS) 2023 2022 2021 Interest and other investment income $ 107 $ 68 $ 59 Gain on regulatory and contract settlement 22 43 35 Gain on disposition of non core assets and development assets 72 — 202 Other (1) 470 25 8 $ 671 $ 136 $ 304 (1)

DIRECT OPERATING COSTS (Tables)

DIRECT OPERATING COSTS (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Direct Operating Costs [Abstract]
Summary of Brookfield Renewables direct operating costs	Brookfield Renewable’s direct operating costs for the year ended December 31 are comprised of the following: (MILLIONS) Notes 2023 2022 2021 Fuel and power purchases (1)(2) $ (574) $ (400) $ (390) Salaries and benefits (464) (325) (293) Operations and maintenance (347) (309) (285) Water royalties, property taxes and other regulatory fees (238) (205) (201) Insurance (72) (71) (68) Professional fees (122) (59) (56) Other related party services 28 (5) (1) (8) Other (111) (64) (64) $ (1,933) $ (1,434) $ (1,365) (1) Fuel and power purchases are primarily attributable to our portfolio in Colombia. (2) Includes $80 million in 2021 relating to the Texas winter storm event which reflect the cost of acquiring energy to cover our contractual obligations for our wind assets that were not generating during the period due to freezing conditions, net of hedging initiatives.

OTHER (Tables)

OTHER (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Other [Abstract]
Summary of Brookfield Renewables other	Brookfield Renewable’s other for the year ended December 31 is comprised of the following: (MILLIONS) Notes 2023 2022 2021 Change in fair value of property, plant and equipment $ (164) $ (61) $ (63) Amortization of service concession assets (11) (15) (14) Transaction costs (5) (2) (8) Legal provisions 27 — (6) (58) Other (32) (106) (164) $ (212) $ (190) $ (307)

FOREIGN CURRENCY TRANSLATION (T

FOREIGN CURRENCY TRANSLATION (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Foreign Currency Translation [Abstract]
Summary of Brookfield Renewables foreign currency translation	Brookfield Renewable’s foreign currency translation for the year ended December 31 shown in the consolidated statements of comprehensive income is comprised of the following: (MILLIONS) Notes 2023 2022 2021 Foreign currency translation on Property, plant and equipment, at fair value 12 $ 2,798 $ (2,011) $ (1,510) Goodwill 17 150 (131) (121) Borrowings 13 (818) 975 436 Deferred income tax liabilities and assets 11 (698) 526 318 Other assets and liabilities (115) (6) 18 $ 1,317 $ (647) $ (859)

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2023
Major components of tax expense (income) [abstract]
Summary of income tax recovery (expense)	The major components of income tax recovery (expense) for the year ended December 31 are as follows: (MILLIONS) 2023 2022 2021 Income tax recovery (expense) applicable to: Current taxes Attributed to the current period $ (128) $ (148) $ (43) Deferred taxes Income taxes – origination and reversal of temporary differences 193 125 160 Relating to change in tax rates / imposition of new tax laws — 10 (147) Relating to unrecognized temporary differences and tax losses (17) 15 16 176 150 29 Total income tax recovery (expense) $ 48 $ 2 $ (14)
Summary of deferred income tax recovery (expense)	The major components of deferred income tax (expense) recovery for the year ended December 31 recorded directly to other comprehensive income are as follows: (MILLIONS) 2023 2022 2021 Deferred income taxes attributed to: Financial instruments designated as cash flow hedges $ (15) $ (75) $ 3 Other 5 (17) (13) Revaluation surplus Origination and reversal of temporary differences 77 (881) (1,003) Relating to changes in tax rates / imposition of new tax laws 1 34 (159) $ 68 $ (939) $ (1,172)
Summary of Brookfield Renewables effective income tax (expense) recovery	Brookfield Renewable’s effective income tax recovery (expense) for the year ended December 31 is different from its recovery at its statutory income tax rate due to the differences below: (MILLIONS) 2023 2022 2021 Statutory income tax recovery (expense) (1) $ (165) $ (38) $ 14 Reduction (increase) resulting from: Decrease in tax assets not recognized (11) (10) (5) Differences between statutory rate and future tax rate and tax rate changes — 10 (147) Non-controlling interest 98 20 2 Subsidiaries’ income taxed at different rates 125 29 127 Other 1 (9) (5) Effective income tax recovery (expense) $ 48 $ 2 $ (14) (1) Statutory income tax expense is calculated using domestic rates applicable to the profits in the relevant country.
Summary of the expiry date, if applicable, of the unrecognized deferred tax assets	The following table details the expiry date, if applicable, of the unrecognized deferred tax assets as at December 31: (MILLIONS) 2023 2022 2021 Less than four years $ 12 $ 9 $ 5 Thereafter 166 144 138
Summary of deferred tax assets and liabilities	The deferred tax assets and liabilities of the following temporary differences have been recognized in the consolidated financial statements for the year ended December 31: (MILLIONS) Non-capital Difference Net deferred As at January 1, 2021 $ 1,140 $ (6,450) $ (5,310) Recognized in net income 23 6 29 Recognized in equity 8 (1,068) (1,060) Business combination (28) 33 5 Foreign exchange 6 312 318 As at December 31, 2021 1,149 (7,167) (6,018) Recognized in net income 132 18 150 Recognized in equity — (947) (947) Business combination — (42) (42) Foreign exchange (8) 534 526 As at December 31, 2022 1,273 (7,604) (6,331) Recognized in net income 101 75 176 Recognized in equity — 113 113 Business combination 78 (268) (190) Foreign exchange 6 (704) (698) As at December 31, 2023 $ 1,458 $ (8,388) $ (6,930)

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT, AT FAIR VALUE (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about property, plant and equipment [abstract]
Summary of property, plant and equipment at fair value	The following table presents a reconciliation of property, plant and equipment at fair value: (MILLIONS) Notes Hydroelectric Wind Solar Other (1) Total Property, plant and equipment, at fair value As at December 31, 2021 $ 31,513 $ 9,115 $ 7,389 $ 188 $ 48,205 Additions, net (2) 5 (194) (65) (7) (261) Transfer from construction work-in-progress 183 911 1,071 7 2,172 Acquisitions through business combinations 3 — 1,418 495 — 1,913 Disposals (97) — — — (97) Transfer to assets held for sale (677) — — — (677) Items recognized through OCI: Change in fair value 2,490 779 (31) 77 3,315 Foreign exchange 10 (1,634) (178) (191) 7 (1,996) Items recognized through net income: Change in fair value (2) 8 (44) (2) (40) Depreciation 8 (613) (557) (385) (28) (1,583) As at December 31, 2022 31,168 11,302 8,239 242 50,951 Additions (3) 5 60 394 — 459 Transfer from construction work-in-progress 154 934 851 2 1,941 Acquisitions through business combinations 3 — 3,177 1,980 — 5,157 Disposals (4) 4 — — (30) (5) (35) Items recognized through OCI: Change in fair value (466) 367 28 (36) (107) Foreign exchange 10 2,435 113 178 9 2,735 Items recognized through net income: Change in fair value (7) (13) (164) 24 (160) Depreciation 8 (643) (716) (454) (39) (1,852) As at December 31, 2023 $ 32,646 $ 15,224 $ 11,022 $ 197 $ 59,089 Construction work-in-progress As at December 31, 2021 $ 278 $ 295 $ 649 $ 5 $ 1,227 Additions, net 209 1,155 1,325 7 2,696 Transfer to property, plant and equipment (183) (911) (1,071) (7) (2,172) Acquisitions through business combinations — 347 827 — 1,174 Transfer to assets held for sale (8) — — — (8) Items recognized through OCI: Change in fair value — 269 161 — 430 Foreign exchange 10 3 (23) 6 (1) (15) As at December 31, 2022 299 1,132 1,897 4 3,332 Additions 159 1,026 1,509 10 2,704 Transfer to property, plant and equipment (154) (934) (851) (2) (1,941) Acquisitions through business combinations 3 — 449 346 — 795 Items recognized through OCI: Change in fair value — (60) 80 — 20 Foreign exchange 10 (3) 28 38 — 63 Items recognized through net income: Change in fair value (1) (24) (32) — (57) As at December 31, 2023 $ 300 $ 1,617 $ 2,987 $ 12 $ 4,916 Total property, plant and equipment, at fair value As at December 31, 2022 (5)(6) $ 31,467 $ 12,434 $ 10,136 $ 246 $ 54,283 As at December 31, 2023 (5)(6) $ 32,946 $ 16,841 $ 14,009 $ 209 $ 64,005 (1) Includes biomass and cogeneration. (2) Includes fair value changes to decommissioning assets of nil (2022: $255 million). (3) Includes adjustments to purchase price allocations. Refer to Note 3 - Acquisitions for more details. (4) Relates to disposal of significant assets. See Note 4 - Disposal of assets for additional details. (5) Includes right-of-use assets not subject to revaluation of $60 million (2022: $64 million) in hydroelectric, $284 million (2022: $242 million) in wind, $385 million (2022: $215 million) in solar and nil (2022: nil) in other.
Summary of discount rates, terminal capitalization rates and exit dates used in the valuation methodology	Discount rates, terminal capitalization rates and terminal years used in the valuation methodology are provided in the following table: North America Colombia Brazil Europe 2023 2022 2023 2022 2023 2022 2023 2022 Discount rate (1) Contracted 5.1% - 5.7% 4.9% - 5.4% 8.7 % 8.5 % 8.4 % 8.2 % 4.8% 4.4 % Uncontracted 6.3% - 7.0% 6.2% - 6.7% 10.0 % 9.7 % 9.7 % 9.5 % 4.8% 4.4 % Terminal capitalization rate (2) 4.4% - 5.0% 4.3% - 4.9% 8.0 % 7.7 % N/A N/A N/A N/A Terminal year (3) 2046 2044 2043 2042 2053 2051 2037 2036 (1) Discount rates are not adjusted for asset specific risks. (2) The terminal capitalization rate applies only to hydroelectric assets in the United States, Canada and Colombia. (3) For hydroelectric assets, terminal year refers to the valuation date of the terminal value.
Summary in impact of a change in discount rates, electricity prices and terminal capitalization rates on the fair value of property, plant and equipment	The following table summarizes the impact of a change in discount rates, electricity prices and terminal capitalization rates on the fair value of property, plant and equipment: 2023 (MILLIONS) North America Colombia Brazil Europe Total 25 bps increase in discount rates $ (1,400) $ (340) $ (120) $ (40) $ (1,900) 25 bps decrease in discount rates 1,550 380 130 40 2,100 5% increase in future energy prices 1,350 540 140 — 2,030 5% decrease in future energy prices (1,340) (540) (140) — (2,020) 25 bps increase in terminal capitalization rate (450) (80) — — (530) 25 bps decrease in terminal capitalization rate 500 90 — — 590 2022 (MILLIONS) North America Colombia Brazil Europe Total 25 bps increase in discount rates $ (1,530) $ (310) $ (110) $ (50) $ (2,000) 25 bps decrease in discount rates 1,650 260 110 50 2,070 5% increase in future energy prices 1,280 440 120 — 1,840 5% decrease in future energy prices (1,270) (440) (120) — (1,830) 25 bps increase in terminal capitalization rate (490) (70) — — (560) 25 bps decrease in terminal capitalization rate 540 80 — — 620
Summary of the percentage of total generation contracted under power purchase agreements, power prices from long-term power purchase agreements that are linked specifically to the related power generating assets, and the estimates of future electricity prices	The following table summarizes the percentage of total generation contracted under power purchase agreements as at December 31, 2023: North America Colombia Brazil Europe 1 - 5 years 75 % 61 % 81 % 100 % 6 - 10 years 57 % 29 % 70 % 76 % Thereafter 30 % 3 % 40 % 47 % The following table summarizes average power prices from long-term power purchase agreements that are linked specifically to the related power generating assets: Per MWh (1) North America Colombia Brazil Europe 1 - 10 years $ 77 COP 294,000 R$ 313 € 73 11 - 20 years 74 357,000 381 65 (1) Assumes nominal prices based on weighted-average generation. The following table summarizes the estimates of future electricity prices: Per MWh (1) North America Colombia Brazil Europe 1 - 10 years $ 92 COP 412,000 R$ 279 € 62 11 - 20 years 117 600,000 424 65 (1) Assumes nominal prices based on weighted-average generation.
Summary of Brookfield Renewables revalued property, plant and equipment	Had Brookfield Renewable’s revalued property, plant and equipment been measured on a historical cost basis, the carrying amounts, net of accumulated depreciation would have been as follows at December 31: (MILLIONS) 2023 2022 Hydroelectric $ 10,582 $ 9,812 Wind 14,071 10,146 Solar 12,508 8,576 Other (1) 179 158 $ 37,340 $ 28,692 (1) Includes biomass and cogeneration.

BORROWINGS (Tables)

BORROWINGS (Tables)	12 Months Ended
	Dec. 31, 2023
LONG-TERM DEBT AND CREDIT FACILITIES [Abstract]
Summary of corporate borrowings	The composition of corporate borrowings as at December 31 is presented in the following table: December 31, 2023 December 31, 2022 Weighted-average Weighted-average (MILLIONS EXCEPT AS NOTED) Interest rate (%) Term (years) Carrying value Estimated fair value Interest rate (%) Term (years) Carrying value Estimated fair value Credit facilities N/A 5 $ — $ — N/A 5 $ — $ — Commercial paper 6.0 <1 183 183 5.1 <1 249 249 Medium-Term Notes: Series 4 (C$150) 5.8 13 113 121 5.8 14 111 114 Series 9 (C$400) 3.8 1 302 297 3.8 2 295 286 Series 10 (C$500) 3.6 3 377 366 3.6 4 369 350 Series 11 (C$475) 4.3 5 358 353 4.3 6 351 338 Series 12 (C$475) 3.4 6 358 335 3.4 7 351 316 Series 13 (C$300) 4.3 26 226 201 4.3 27 221 184 Series 14 (C$425) 3.3 27 321 240 3.3 28 314 218 Series 15 (C$400) (1) 5.9 9 303 324 5.9 10 295 307 Series 16 (C$400) 5.3 10 302 311 — — — — 4.3 10 2,660 2,548 4.1 11 2,307 2,113 Total corporate borrowings 2,843 $ 2,731 2,556 $ 2,362 Add: Unamortized premiums (2) 2 2 Less: Unamortized financing fees (2) (12) (10) Less: Current portion (183) (249) $ 2,650 $ 2,299 (1) Includes $8 million (2022: $7 million) outstanding to Brookfield Reinsurance. Refer to Note 28 - Related party transactions for more details. (2) Unamortized premiums and unamortized financing fees are amortized over the terms of the borrowing. The composition of non-recourse borrowings as at December 31 is presented in the following table: December 31, 2023 December 31, 2022 Weighted-average Weighted-average (MILLIONS EXCEPT AS NOTED) Weighted-average interest rate (%) Term (years) Carrying value Estimated fair value Weighted-average interest rate (%) Term (years) Carrying value Estimated fair value Non-recourse borrowings (1)(2) Hydroelectric 7.8 9 $ 9,468 $ 9,292 7.2 10 $ 8,813 $ 8,104 Wind 6.1 9 6,866 6,922 5.4 8 5,943 5,824 Utility-scale solar 6.2 12 5,868 5,879 5.6 13 4,625 4,502 Distributed energy & storage (3) 6.2 6 3,035 2,963 5.3 8 2,593 2,340 Sustainable solutions 7.0 1 1,783 1,783 5.9 2 347 347 Total 6.8 9 27,020 $ 26,839 6.2 10 22,321 $ 21,117 Add: Unamortized premiums and discounts (4) (11) 105 Less: Unamortized financing fees (4) (140) (124) Less: Current portion (4,752) (2,027) $ 22,117 $ 20,275 (1) Includes $2,626 million (2022: $1,838 million) borrowed under a subscription facility of a Brookfield sponsored private fund. (2) Includes $101 million (2022: $93 million) outstanding to an associate of Brookfield. Refer to Note 28 - Related party transactions for more details. (3) Includes adjustments to purchase price allocations. Refer to Note 3 - Acquisitions for more details. (4) Unamortized premiums, discounts, and financing fees are amortized over the terms of the borrowing. Brookfield Renewable’s financing and refinancing completed for the year ended December 31, 2023 are as follows: Period Closed Region Technology Average Interest rate (1) Maturity Carrying Value Q1 2023 US Distributed generation 7.03% Financing 2026 $100 million Q1 2023 China Wind 4.40% Financing 2040 CNY 971 million ( $141 million) Q1 2023 China Wind 4.60% Financing 2030 CNY 200 million ($29 million) Q1 2023 China Wind 4.60% Financing 2039 CNY 70 million ( $10 million) Q1 2023 China Wind 4.40% Financing 2039 CNY 97 million ($14 million) Q2 2023 India Solar MCLR Financing 2043 INR 10 billion ( $123 million) Q2 2023 Brazil Wind CDI Financing 2024 BRL $450 million ($93 million) Q2 2023 Canada Hydroelectric 6.19% Financing 2045 CAD $30 million ($22 million) Q2 2023 US Solar 6.62% Financing 2058 - 2060 $45 million Q2 2023 US Wind SOFR Refinancing 2033 $311 million Q3 2023 Brazil Wind CDI Financing 2047 $300 million ($60 million) Q3 2023 Canada Solar CDOR Financing 2038 (2) CAD $34 million ($23 million) Q3 2023 US Wind SOFR Financing 2026 $175 million Q3 2023 China Wind PBOC Financing 2040 CNY 273 million ($37 million) Q3 2023 Colombia Hydro IBR Financing 2033 COP 687 billion ($169 million) Q4 2023 China Wind 5.00% Financing 2039 CNY 1.5 billion ($203 million) Q4 2023 China Wind 4.20% Financing 2041 CNY 298 million ($42 million) Q4 2023 India Solar 8.80% Financing 2043 INR 7.4 billion ( $90 million) Q4 2023 Brazil Hydro 7.72% Refinancing 2024 BRL $800 million ($164 million) Q4 2023 US Hydro 6.16% Refinancing 2032 $80 million Q4 2023 US Hydro 7.75% Refinancing 2033 $125 million Q4 2023 US Wind SOFR Financing 2034 (3) $52 million Q4 2023 US Wind SOFR Financing 2024 $140 million Q4 2023 US Solar SOFR Financing 2024 $39 million Q4 2023 US Solar SOFR Financing 2028 $48 million Q4 2023 US Solar SOFR Financing 2024 $61 million Q4 2023 US Various SOFR Financing 2025 $200 million Q4 2023 US Various SOFR Financing 2028 $600 million Q4 2023 Colombia Hydro IBR Financing 2033 COP $100 billion ($25 million) (1) Benchmarked financings bear a variable interest at the applicable rate plus a margin. (2) Term conversion date in 2024 automatically rolling into a maturity of 2038. (3) Term conversion date in 2024 automatically rolling into a maturity of 2034.
Summary of change in the unamortized financing fees and premiums	The following table outlines the change in the unamortized financing fees of corporate borrowings for the year ended December 31: (MILLIONS) 2023 2022 Corporate borrowings Unamortized financing fees, beginning of year $ (10) $ (10) Additional financing fees (3) (1) Amortization of financing fees 1 1 Unamortized financing fees, end of year $ (12) $ (10) The following table outlines the change in the unamortized financing fees of non-recourse borrowings for the year ended December 31: (MILLIONS) 2023 2022 Non-recourse borrowings Unamortized financing fees, beginning of year $ (124) $ (132) Additional financing fees (50) (49) Amortization of financing fees 25 36 Foreign exchange translation and other 9 21 Unamortized financing fees, end of year $ (140) $ (124) The following table outlines the change in the unamortized premiums of non-recourse borrowings for the year ended December 31: (MILLIONS) 2023 2022 Non-recourse borrowings Unamortized premiums and discounts, beginning of year $ 105 $ 160 Additional premiums and discounts (90) (13) Amortization of premiums and discounts (14) (15) Foreign exchange translation and other (12) (27) Unamortized premiums and discounts, end of year $ (11) $ 105
Summary of available portion of credit facilities	The following table summarizes the available portion of corporate credit facilities as at December 31: (MILLIONS) 2023 2022 Authorized corporate credit facilities and related party credit facilities (1) $ 2,375 $ 2,375 Draws on corporate credit facilities (1)(2) (165) — Authorized letter of credit facility 500 500 Issued letters of credit (307) (344) Available portion of corporate credit facilities $ 2,403 $ 2,531 (1) Amounts are guaranteed by Brookfield Renewable. (2) Relates to letter of credit issued against Brookfield Renewable’s corporate credit facilities.
Summary of future repayments of Brookfield Renewables debt obligations, for each of the next five years	Future repayments of Brookfield Renewable’s non-recourse borrowings for each of the next five years and thereafter are as follows: (MILLIONS) 2024 2025 2026 2027 2028 Thereafter Total Non-recourse borrowings Hydroelectric $ 664 $ 691 $ 1,610 $ 718 $ 602 $ 5,183 $ 9,468 Wind 1,081 615 731 529 725 3,185 6,866 Utility-scale solar 954 552 370 323 639 3,030 5,868 Distributed energy & storage 270 471 345 362 191 1,396 3,035 Sustainable solutions 1,783 — — — — — 1,783 $ 4,752 $ 2,329 $ 3,056 $ 1,932 $ 2,157 $ 12,794 $ 27,020
Summary of Brookfield Renewables borrowings	The following table outlines changes in Brookfield Renewable’s borrowings for the year ended December 31: (MILLIONS) January 1 Net cash flows from financing activities (1) Non-cash Acquisition Disposal Transfer to liabilities held for sale Other (2)(3)(4) December 31 2023 Corporate borrowings $ 2,548 228 — — — 57 $ 2,833 Non-recourse borrowings $ 22,302 2,279 2,073 (164) — 379 $ 26,869 2022 Corporate borrowings $ 2,149 545 — — — (146) $ 2,548 Non-recourse borrowings $ 19,380 3,254 443 — (171) (604) $ 22,302 (1) Excludes $307 million (2022: $233 million) of net cash flow from financing activities related to tax equity recorded on the consolidated statements of cash flows. (2) Includes foreign exchange and amortization of unamortized premium and financing fees. (3) Includes $103 million (2022: $129 million) of non-recourse borrowings acquired through asset acquisitions. (4) Includes adjustments to purchase price allocations. Refer to Note 3 - Acquisitions for more details.

NON-CONTROLLING INTERESTS (Tabl

NON-CONTROLLING INTERESTS (Tables)	12 Months Ended
	Dec. 31, 2023
Non Controlling Interest [Abstract]
Summary of Brookfield Renewables non-controlling interests	Brookfield Renewable’s non-controlling interests are comprised of the following as at December 31: (MILLIONS) 2023 2022 Participating non-controlling interests – in operating subsidiaries $ 18,863 $ 14,755 General partnership interest in a holding subsidiary held by Brookfield 55 59 Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield 2,684 2,892 BEPC exchangeable shares 2,479 2,561 Preferred equity 583 571 Perpetual subordinated notes 592 592 $ 25,256 $ 21,430
Disclosure of significant investments non-controlling interest in subsidiaries	The net change in participating non-controlling interests – in operating subsidiaries is as follows: (MILLIONS) Brookfield Brookfield Brookfield Brookfield Infrastructure Fund IV Brookfield Infrastructure Fund V Brookfield Global Transition Fund I Brookfield Global Transition Fund II Canadian The Isagen institutional partners Isagen public non-controlling interests Other Total As at December 31, 2020 $ 1,002 $ 1,994 $ 3,623 $ 410 $ — $ — $ — $ 627 $ 97 $ 2,651 $ 14 $ 682 $ 11,100 Net income(loss) 5 43 (16) 38 — — — 4 16 113 1 5 209 Other comprehensive income (loss) (122) 445 196 150 — — — 163 28 (107) — 86 839 Capital contributions — 6 10 924 — — — — — — — 181 1,121 Disposals (181) (214) — — — — — — — — — — (395) Distributions (1) (18) (32) (350) (114) — — — (25) (8) (215) (1) (47) (810) Other (1) 11 155 2 — — — 205 (1) — (1) (131) 239 As at December 31, 2021 685 2,253 3,618 1,410 — — — 974 132 2,442 13 776 12,303 Net income (loss) 19 (31) 144 16 — (50) — 20 11 179 1 25 334 Other comprehensive income (loss) (103) 449 212 425 — 9 — 187 (19) 67 1 20 1,248 Capital contributions — 4 — 301 — 1,484 — — — — — 342 2,131 Disposals (54) — (21) — — — — — — — — — (75) Distributions (1) (71) (59) (460) (3) — (14) — (37) (9) (524) (1) (97) (1,275) Other 1 1 (3) (15) — 32 — 4 — (5) — 74 89 As at December 31, 2022 477 2,617 3,490 2,134 — 1,461 — 1,148 115 2,159 14 1,140 14,755 Net income (loss) 27 64 108 43 291 20 1 15 7 98 1 (56) 619 Other comprehensive income (loss) (43) (96) 356 235 — 294 (3) 2 3 603 4 9 1,364 Capital contributions — — 1 162 410 2,045 298 — — — — 77 2,993 Return of capital — — — — (140) — — — — — — — (140) Disposals (388) — (32) — — (26) — — — — — (3) (449) Distributions (1) (25) (123) (695) (172) — (81) — (42) (3) (156) (1) (130) (1,428) Acquisitions through business combinations — — — — — — — — — — — 414 414 Other 27 1 (14) 9 356 (31) — 165 — — — 222 735 As at December 31, 2023 $ 75 $ 2,463 $ 3,214 $ 2,411 $ 917 $ 3,682 $ 296 $ 1,288 $ 122 $ 2,704 $ 18 $ 1,673 $ 18,863 Interests held by third parties 75%-78% 43%-60% 69%-71% 75 % 71 % 77% - 80% 50% - 51% 50 % 25 % 77 % 0.3 % 0.3% - 72% (1) Distributions paid during the year ended December 31, 2023, totaled $870 million (2022: $1,275 million and 2021: $810 million).
Disclosure of financial information of significant investments non-controlling interest in subsidiaries	The following tables summarize certain financial information of operating subsidiaries that have non-controlling interests that are material to Brookfield Renewable: (MILLIONS) Brookfield Brookfield Brookfield (1) Brookfield Infrastructure Brookfield Infrastructure Fund V Brookfield Global Transition Fund I Canadian The Isagen (2) TerraForm Power (3) Onpath (4) Other Total Interests held by third parties 75%-78% 43%-60% 69%-71% 75 % 71 % 77% - 80% 50 % 25 % 77 % 42 % 3%-51% 0.3%-72% Place of business United States, United States, United States, Brazil, Europe, India, China United States, Brazil, India, China United States North America, Europe, India, China, Australia Canada United States Colombia North America, United Kingdom North America, South America, China, India Year ended December 31, 2021: Revenue $ 137 $ 302 $ 195 $ 316 $ — $ — $ 81 $ 136 $ 929 $ 1,239 $ — $ 19 $ 3,354 Net income 7 64 1 50 — — 10 62 214 (245) — 66 229 Total comprehensive income (loss) (161) 895 348 252 — — 329 173 11 (243) — 187 1,791 Net income allocated to non-controlling interests 5 43 2 38 — — 4 16 162 (109) — 48 209 Year ended December 31, 2022: Revenue $ 120 $ 324 $ 213 $ 451 — $ 54 $ 116 $ 131 $ 1,135 $ 1,324 $ — $ 170 $ 4,038 Net income (loss) 25 (66) 44 14 — (66) 40 44 340 94 — 45 514 Total comprehensive income (loss) (106) 732 183 586 — (51) 403 (32) 467 301 — 132 2,615 Net income allocated to 19 (31) 31 16 — (50) 20 11 257 31 — 30 334 As at December 31, 2022: Property, plant and equipment, at fair value $ 131 $ 6,223 $ 2,873 $ 6,060 $ — $ 1,565 $ 2,686 $ 1,031 $ 8,264 $ 10,012 $ — $ 1,936 $ 40,781 Total assets 852 6,368 3,529 6,911 — 5,298 2,984 1,053 9,178 11,192 — 2,787 50,152 Total borrowings 14 1,332 1,051 3,120 — 497 466 476 2,356 6,371 — 651 16,334 Total liabilities 240 1,618 1,172 4,173 — 3,502 520 491 5,112 8,275 — 1,178 26,281 Carrying value of non-controlling interests 477 2,617 1,675 2,134 — 1,461 1,194 115 3,146 1,452 — 484 14,755 Year ended December 31, 2023: Revenue $ 56 $ 339 $ 192 $ 533 $ 45 $ 145 $ 130 $ 102 $ 1,285 $ 1,213 $ 13 $ 230 $ 4,283 Net income (loss) 34 118 79 46 411 26 31 27 186 (27) 2 (19) 913 Total comprehensive income (loss) (19) (70) 306 362 411 409 28 40 1,331 (93) (4) (172) 2,528 Net income allocated to non-controlling interests 27 64 56 43 291 20 16 7 144 (43) 1 (7) 619 As at December 31, 2023: Property, plant and equipment, at fair value $ 106 $ 5,878 $ 2,919 $ 7,293 $ 2,357 $ 4,700 $ 2,463 $ 1,024 $ 10,585 $ 9,718 $ 992 $ 4,294 $ 52,336 Total assets 112 6,055 3,662 8,396 2,538 9,535 2,747 1,036 11,601 10,528 1,261 5,429 62,909 Total borrowings 12 1,320 1,159 3,704 462 1,169 144 439 3,000 6,056 295 2,036 19,796 Total liabilities 18 1,609 1,249 5,117 1,611 5,424 192 447 6,498 9,106 630 2,845 34,756 Carrying value of non-controlling interests 75 2,463 1,713 2,411 917 3,682 1,332 122 3,948 847 335 1,018 18,863 (1) Excludes information relating to Isagen and TerraForm Power which are presented separately. (2) The total third party ownership interest in Isagen as of December 31, 2023 was 77.4% and comprised of Brookfield Infrastructure Fund III: 23.0%, Brookfield Global Infrastructure Income Fund: 1.5%, Isagen Institutional investors: 52.6% and other non-controlling interests: 0.3%. (3) The total third party interest in Terraform Power as of December 31, 2023 was 41.7% and comprised of Brookfield Infrastructure Fund III: 34.9% and Brookfield Global Infrastructure Income Fund: 6.8%. (4) The total third party interest in Onpath as of December 31, 2023 was 52.7% and comprised of Brookfield Global Transition Fund II: 49.7% and Brookfield Global Infrastructure Income Fund: 3.0%.
Summary of composition of the distributions	The composition of the distributions are presented in the following table: (MILLIONS) 2023 2022 2021 General partnership interest in a holding subsidiary held by Brookfield $ 5 $ 6 $ 5 Incentive distribution 111 94 80 116 100 85 Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield 265 250 237 BEPC exchangeable shares held by Brookfield Holders 61 58 53 External shareholders 180 162 156 Total BEPC exchangeable shares 241 220 209 $ 622 $ 570 $ 531 The composition of the distributions are presented in the following table: (MILLIONS) 2023 2022 Brookfield Holders $ 97 $ 88 External LP unitholders 286 267 $ 383 $ 355
Disclosure of summary financial information	The following table summarizes certain financial information regarding General partnership interest in a holding subsidiary held by Brookfield, Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield and Class A exchangeable shares of Brookfield Renewable Corporation held by public shareholders and Brookfield: (MILLIONS) 2023 2022 2021 For the year ended December 31: Revenue $ 5,038 $ 4,711 $ 4,096 Net income (loss) 616 138 (66) Comprehensive income 2,036 2,628 2,700 Net income (loss) allocated to (1) : General partnership interest in a holding subsidiary held by Brookfield 111 92 77 Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield (63) (117) (135) BEPC exchangeable shares (57) (104) (119) As at December 31: Property, plant and equipment, at fair value $ 64,005 $ 54,283 Total assets 76,128 64,111 Total borrowings 29,702 24,850 Total liabilities 46,149 37,825 Carrying value of (2) : General partnership interest in a holding subsidiary held by Brookfield 55 59 Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield 2,684 2,892 (1) Allocated based on weighted-average GP interest, Redeemable/Exchangeable partnership units, BEPC exchangeable shares and LP units of 4.0 million, 194.5 million, 176.3 million and 282.4 million, respectively (2022: 4.0 million, 194.5 million, 172.2 million and 275.2 million, respectively and 2021: 4.0 million, 194.5 million, 172.2 million and 274.9 million, respectively). (2) Allocated based on outstanding GP interest, Redeemable/Exchangeable partnership units, BEPC exchangeable shares and LP units of 4.0 million, 194.5 million, 179.7 million and 287.2 million, respectively (2022: 4.0 million, 194.5 million, 172.2 million and 275.4 million, respectively).
Disclosure of preference shares	Brookfield Renewable’s preferred equity as at December 31 consists of Class A Preference Shares of Brookfield Renewable Power Preferred Equity Inc. (“BRP Equity”) as follows: Shares Cumulative Earliest Dividends declared for Carrying value as at (MILLIONS, EXCEPT AS NOTED) 2023 2022 December 31, 2023 December 31, 2022 Series 1 (C$136) 6.85 3.1 April 2025 $ 4 $ 4 $ 129 $ 126 Series 2 (C$113) (1) 3.11 7.8 April 2025 4 3 58 57 Series 3 (C$249) 9.96 4.4 July 2024 8 8 187 183 Series 5 (C$103) 4.11 5.0 April 2018 4 4 77 76 Series 6 (C$175) 7.00 5.0 July 2018 7 7 132 129 31.03 $ 27 $ 26 $ 583 $ 571 (1) Dividend rate represents annualized distribution based on the most recent quarterly floating rate.

PREFERRED LIMITED PARTNERS' E_2

PREFERRED LIMITED PARTNERS' EQUITY (Tables)	12 Months Ended
	Dec. 31, 2023
Disclsoure of Preferred Limited Partners Equity [Abstract]
Summary of Brookfield Renewable’s preferred limited partners’ equity	Brookfield Renewable’s preferred limited partners’ equity comprises of Class A Preferred units as follows: (MILLIONS, EXCEPT AS NOTED) Shares Cumulative Earliest Distributions declared for the year ended December 31 Carrying value as at 2023 2022 December 31, 2023 December 31, 2022 Series 7 (C$175) 7.00 5.50 January 2026 7 7 128 128 Series 11 (C$250) — 5.00 April 2022 — 3 — — Series 13 (C$250) 10.00 6.05 April 2028 9 10 196 196 Series 15 (C$175) 7.00 5.75 April 2024 7 8 126 126 Series 17 ($200) 8.00 5.25 March 2025 11 11 195 195 Series 18 (C$150) 6.00 5.50 April 2027 7 5 115 115 38.00 $ 41 $ 44 $ 760 $ 760

LIMITED PARTNERS' EQUITY (Table

LIMITED PARTNERS' EQUITY (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of limited partners equity [Abstract]
Summary of composition of the distributions	The composition of the distributions are presented in the following table: (MILLIONS) 2023 2022 2021 General partnership interest in a holding subsidiary held by Brookfield $ 5 $ 6 $ 5 Incentive distribution 111 94 80 116 100 85 Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield 265 250 237 BEPC exchangeable shares held by Brookfield Holders 61 58 53 External shareholders 180 162 156 Total BEPC exchangeable shares 241 220 209 $ 622 $ 570 $ 531 The composition of the distributions are presented in the following table: (MILLIONS) 2023 2022 Brookfield Holders $ 97 $ 88 External LP unitholders 286 267 $ 383 $ 355

GOODWILL (Tables)

GOODWILL (Tables)	12 Months Ended
	Dec. 31, 2023
Changes in goodwill [abstract]
Summary of reconciliation of goodwill and goodwill allocation	The following table provides a reconciliation of goodwill: (MILLIONS) Notes Total Balance, as at December 31, 2021 $ 966 Acquisitions through business combinations 3 691 Foreign exchange (131) Balance, as at December 31, 2022 1,526 Adjustments to purchase equation 3 (54) Acquisitions through business combinations 3 340 Disposal (18) Foreign exchange and other 150 Balance, as at December 31, 2023 $ 1,944 Goodwill is allocated to the following CGUs or group of CGUs: (MILLIONS) 2023 2022 Value-in-use method Europe Utility-scale solar Development (1) $ 78 $ 66 Europe Wind 38 — Europe Storage 111 — U.S. Utility-scale Solar 307 287 U.S. Distributed Generation (2) 350 424 U.S Wind 9 9 Chile Distributed Generation 16 17 India Wind 86 — India Utility-scale Solar 77 — India Distributed Generation 18 — 1,090 803 Fair value less costs of disposal Europe Wind 47 46 Europe Utility-scale Solar 103 100 South America Wind — 18 150 164 Colombia Hydroelectric (3) 704 559 $ 1,944 $ 1,526 (1) Includes $10 million (2022: nil) of goodwill related to a leading independent UK renewables developer with 260 MW onshore wind assets, 800 MW near-term development and another 3 GW of later stage projects acquired in 2023, and $68 million (2022: $66 million) of goodwill related to a 1.7 GW portfolio of utility-scale solar development assets in Germany acquired in 2022. (2) Includes $115 million (2022: $115 million) of goodwill related to 360 MW of operating and 700 MW of development business acquired in 2021, $235 million (2022: $309 million) related to the acquisition of an integrated distributed generation developer with approximately 500 MW of contracted operating and under construction assets and an 1.8 GW of development pipeline in the United States acquired in 2022. (3) Goodwill related to the Colombia hydroelectric segment was created as a result of recording the deferred tax liabilities assumed in the purchase price allocations of business combinations. The deferred tax liabilities are measured in accordance with IAS 12 in the purchase price allocations rather than at fair value. As a result, the goodwill recorded does not represent ‘core’ goodwill, but rather goodwill created as a result of accounting concepts or ‘non-core’ goodwill in order to avoid an immediate impairment of this ‘non-core’ goodwill.

CAPITAL MANAGEMENT (Tables)

CAPITAL MANAGEMENT (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of objectives, policies and processes for managing capital [abstract]
Summary of Brookfield Renewables strategy	Brookfield Renewable’s strategy during 2023, which was unchanged from 2022, was to maintain the measures set out in the following schedule as at December 31: Corporate Consolidated (MILLIONS) 2023 2022 2023 2022 Commercial paper (1) $ 183 $ 249 $ 183 $ 249 Debt Medium-term notes (2) 2,660 2,307 2,660 2,307 Non-recourse borrowings (3) — — 27,020 22,321 2,660 2,307 29,680 24,628 Deferred income tax liabilities, net (4) — — 6,930 6,331 Equity Non-controlling interest — — 18,863 14,755 Preferred equity 583 571 583 571 Perpetual subordinated notes 592 592 592 592 Preferred limited partners’ equity 760 760 760 760 Unitholders’ equity 9,181 9,608 9,181 9,608 Total capitalization $ 13,776 $ 13,838 $ 66,589 $ 57,245 Debt-to-total capitalization 19 % 17 % 45 % 43 % Debt-to-total capitalization (market value) (5) 12 % 11 % 40 % 39 % (1) Draws on corporate credit facilities and commercial paper issuances are excluded from the debt-to-total capitalization ratios as they are not a permanent source of capital. (2) Medium-term notes are unsecured and guaranteed by Brookfield Renewable and excludes $10 million (2022: $8 million) of deferred financing fees, net of unamortized premiums. (3) Consolidated non-recourse borrowings include $2,626 million (2022: $1,838 million) borrowed under a subscription facility of a Brookfield sponsored private fund and excludes $140 million (2022: $124 million) of deferred financing fees and $11 million (2022: $105 million) of unamortized premiums. (4) Deferred income tax liabilities less deferred income tax assets. (5) Based on market values of Preferred equity, Perpetual subordinated notes, Preferred limited partners’ equity and Unitholders’ equity.

EQUITY-ACCOUNTED INVESTMENTS (T

EQUITY-ACCOUNTED INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of joint ventures [abstract]
Summary of Brookfield Renewables equity-accounted investments	The following table outlines the changes in Brookfield Renewable’s equity-accounted investments: (MILLIONS) 2023 2022 2021 Balance, beginning of year $ 1,392 $ 1,107 $ 971 Acquisitions through business combinations 44 — — Investment (1)(2)(3)(4) 700 373 57 Return of capital — (3) (8) Share of net income 186 96 22 Share of other comprehensive income (loss) 162 (65) 148 Dividends received (58) (89) (78) Change in basis of accounting (5) 105 — — Foreign exchange translation and other 15 (27) (5) Balance, end of year $ 2,546 $ 1,392 $ 1,107 (1) Includes additional subscription for shares in Powen. Refer to Note 3 - Acquisitions for more details. (2) Includes the investment in an India sustainable agricultural solutions company. Refer to Note 3 - Acquisitions for more details. (3) Includes Brookfield Renewable’s incremental investment in X-Elio. Refer to Note 3 - Acquisitions for more details. (4) Includes Brookfield Renewable’s incremental investment in Westinghouse. Refer to Note 3 - Acquisitions for more details. (5) Includes the recognition of a 378 MW operating hydroelectric portfolio in the U.S. Refer to Note 4 - Disposal of assets for more details.
Summary of iIformation Related to Associates and Joint Ventures	The following table presents the ownership interests and carrying values of Brookfield Renewable’s investments in associates and joint ventures, all of which are accounted for using the equity method: Ownership Interest Carrying Value 2023 2022 2023 2022 Hydroelectric 14%-50% 14%-50% $ 225 $ 111 Wind 25%-50% 25% 159 108 Utility-scale solar 25%-65% 25%-65% 304 107 Distributed energy & Storage 25%-50% 25%-50% 1,049 815 Sustainable solutions 4%-49% 8%-49% 809 251 $ 2,546 $ 1,392 The following table presents total assets, as well as total liabilities of Brookfield Renewable’s investments in associates and joint ventures: Total Assets Total Liabilities 2023 2022 2023 2022 Hydroelectric $ 1,221 $ 550 $ 422 $ 223 Wind 1,019 472 383 20 Utility-scale solar 2,884 457 1,160 70 Distributed energy & Storage 5,010 4,248 2,109 1,944 Sustainable solutions 7,757 2,890 1,564 1,140 $ 17,891 $ 8,617 $ 5,638 $ 3,397 The following table presents total revenues, net income and other comprehensive income (“OCI”) of Brookfield Renewable’s investments in associates and joint ventures: (MILLIONS) 2023 2022 2021 Revenues Net income (loss) OCI Revenues Net income (loss) OCI Revenues Net income (loss) OCI Hydroelectric $ 105 $ 74 $ (14) $ 18 $ 69 $ (73) $ 16 $ (15) $ 170 Wind — 3 21 — 68 42 — 20 2 Utility-scale solar 28 478 63 — (24) 2 — (18) (53) Distributed energy & Storage 604 210 373 582 240 (54) 449 92 256 Sustainable solutions 1,016 46 62 363 11 — — — — $ 1,753 $ 811 $ 505 $ 963 $ 364 $ (83) $ 465 $ 79 $ 375

CASH AND CASH EQUIVALENTS (Tabl

CASH AND CASH EQUIVALENTS (Tables)	12 Months Ended
	Dec. 31, 2023
Cash and cash equivalents [abstract]
Summary of Brookfield Renewables cash and cash equivalents	Brookfield Renewable’s cash and cash equivalents as at December 31 are as follows: (MILLIONS) 2023 2022 Cash $ 821 $ 728 Cash subject to restriction 251 268 Short-term deposits 69 2 $ 1,141 $ 998

RESTRICTED CASH (Tables)

RESTRICTED CASH (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Restricted Cash [Abstract]
Summary of Brookfield Renewables restricted cash	Brookfield Renewable’s restricted cash as at December 31 is as follows: (MILLIONS) Note 2023 2022 Operations $ 299 $ 93 Credit obligations 79 56 Capital expenditures and development projects 13 42 Total 391 191 Less: non-current 23 (81) (52) Current $ 310 $ 139

TRADE RECEIVABLES AND OTHER C_2

TRADE RECEIVABLES AND OTHER CURRENT ASSETS (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Trade Receivables and Other Current Assets [Abstract]
Summary of Brookfield Renewables trade receivables and other current assets	Brookfield Renewable’s trade receivables and other current assets as at December 31 are as follows: (MILLIONS) 2023 2022 Trade receivables $ 662 $ 672 Inventory 111 42 Collateral deposits (1) 178 609 Prepaids and others 127 86 Sales tax receivable 94 73 Income tax receivables 74 74 Current portion of contract asset 61 54 Short term deposits and advances 23 113 Other short-term receivables 187 137 $ 1,517 $ 1,860 (1)

OTHER LONG-TERM ASSETS (Tables)

OTHER LONG-TERM ASSETS (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Other Long Term Liabilities [Abstract]
Summary of Brookfield Renewables other long-term assets	Brookfield Renewable’s other long-term assets as at December 31 are as follows: (MILLIONS) Note 2023 2022 Contract asset $ 314 $ 341 Long-term receivables 382 235 Due from related parties 28 135 128 Restricted cash 21 81 52 Intangibles (1) 15 209 Other 84 86 $ 1,011 $ 1,051 (1) Relates to certain power generating facilities that operate under service concession arrangements.

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Accounts Payable and Accured Liabilities [Abstract]
Summary of Brookfield Renewables accounts payable and accrued liabilities	Brookfield Renewable’s accounts payable and accrued liabilities as at December 31 are as follows: (MILLIONS) 2023 2022 Operating accrued liabilities $ 603 $ 440 Accounts payable 388 276 Interest payable on borrowings 301 153 LP Unitholders distributions, preferred limited partnership unit distributions, preferred dividends payable, perpetual subordinate notes distributions and exchange shares dividends (1) 58 53 Current portion of lease liabilities 41 33 Income tax payable 41 78 Current portion of contract liability 35 24 Other 72 29 $ 1,539 $ 1,086 (1) Includes amounts payable only to external LP unitholders and BEPC exchangeable shareholders. Amounts payable to Brookfield are included in due to related parties.

PROVISIONS (Tables)

PROVISIONS (Tables)	12 Months Ended
	Dec. 31, 2023
Other Provisions, Contingent Liabilities And Contingent Assets [Abstract]
Disclosure of change in decommissioning liabilities	(MILLIONS) 2023 2022 Balance, beginning of the year $ 479 $ 668 Acquisitions through business combinations 227 54 Disposal (1) (1) Accretion 13 15 Changes in estimates (1) 253 (245) Foreign exchange 6 (12) Other (1) — Balance, end of the year $ 976 $ 479 (1) Changes in estimates are driven by changes in underlying assumptions used as inputs to determine the value of the retirement obligation.

OTHER LONG-TERM LIABILITIES (Ta

OTHER LONG-TERM LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Other Long Term Liabilities [Abstract]
Summary of Brookfield Renewables other long-term liabilities	Brookfield Renewable’s other long-term liabilities as at December 31 are comprised of the following: (MILLIONS) 2023 2022 Contract liabilities $ 680 $ 662 Lease liabilities 727 526 Regulatory liabilities (1) 104 149 Pension obligations 66 51 Concession payment liability 2 10 Other 185 132 $ 1,764 $ 1,530 (1) Regulatory liabilities are related to the regulated pricing mechanism at certain of Brookfield Renewable’s Spanish assets.

COMMITMENTS, CONTINGENCIES AN_2

COMMITMENTS, CONTINGENCIES AND GUARANTEES (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Commitments Contingencies and Guarantess [Abstract]
Schedule Of Assets To Be Acquired	The following table lists the assets and portfolio of assets that Brookfield Renewable, together with institutional partners have agreed to acquire which are subject to customary closing conditions as at December 31, 2023: Region Technology Capacity Consideration Brookfield Renewable Expected Close China Wind 102 MW development CNY $84 million ($16 million) 20% Q4 2024 China Wind 350 MW development CNY $577 million ($110 million) 20% Q4 2024 Brazil Distributed energy & storage 730 MW development R$136 millions ($28 million) 20% 2024 - 2026 US Distributed energy & storage 25 MW development $20 million 25% Q1 2024 US Distributed energy & storage 93 MW development $86 million 20% Q1 2024
Summary of letters of credit issued by Brookfield Renewable	Letters of credit issued by Brookfield Renewable along with institutional partners and its subsidiaries were as at the following dates: (MILLIONS) 2023 2022 Brookfield Renewable along with institutional partners $ 100 $ 99 Brookfield Renewable's subsidiaries 2,026 1,510 $ 2,126 $ 1,609

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of transactions between related parties [abstract]
Summary of related party agreements and transactions in the consolidated statements of income	The following table reflects the related party agreements and transactions in the consolidated statements of income (loss), for the years ended December 31: (MILLIONS) 2023 2022 2021 Revenues Power purchase and revenue agreements $ 14 $ 21 $ 103 Direct operating costs Energy marketing fee & other services (5) (1) (8) Insurance services (1) — — (26) Interest expense Borrowings $ (35) $ — $ (2) Contract balance accretion (26) (20) (21) $ (61) $ (20) $ (23) Other Distribution income $ 8 $ — $ — Other related party services $ 3 $ (5) $ (4) Financial instrument gain/(loss) $ 21 $ 5 $ — Management service costs $ (205) $ (243) $ (288) (1) Prior to November 2021, insurance services were paid to external insurance service providers through subsidiaries of Brookfield Corporation. The fees paid to the subsidiaries of Brookfield Corporation in 2023 were nil (2022 was nil and 2021: was nil). As of November 2021, Brookfield, through a regulated subsidiary, began providing insurance coverage through third-party commercial insurers for the benefits of certain entities in North America. The premiums and claims paid are not included in the table above.
Summary of related party agreements and transactions on the consolidated statements of financial position	The following table reflects the impact of the related party agreements and transactions on the consolidated statements of financial position as at December 31: (MILLIONS) Related party 2023 2022 Current assets Trade receivables and other current assets Contract asset Brookfield $ 61 $ 54 Due from related parties Amounts due from Brookfield (1) 1,386 105 Equity-accounted investments and other 57 18 1,443 123 Non-current assets Financial instrument assets Brookfield 170 395 Other long-term assets Contract asset Brookfield 314 341 Due from related parties Equity-accounted investments and other 135 128 Current liabilities Contract Liability Brookfield 35 24 Financial instrument liabilities Brookfield Reinsurance 2 3 Due to related parties Amounts due to Brookfield (1) 541 205 Equity-accounted investments and other 13 24 Brookfield Reinsurance 242 321 Accrued distributions payable on LP units, BEPC exchangeable shares, Redeemable/Exchangeable partnership units and GP interest Brookfield 39 38 835 588 Non-current liabilities Financial instrument liabilities Brookfield Reinsurance 2 3 Due to related parties Amounts due to Brookfield (2) 496 — Equity-accounted investments and other 209 1 705 1 Corporate borrowings Brookfield Reinsurance 8 7 Non-recourse borrowings Brookfield Reinsurance and associates 101 93 Other long-term liabilities Contract liability Brookfield 680 662 Equity Preferred limited partners equity Brookfield Reinsurance and associates $ 11 11 (1) Includes receivables of $1,328 million (2022: $45 million) associated with the Brookfield Global Transition Fund credit facility. (2) Includes payables of $6 million (2022: $39 million), $81 million (2022: $64 million), and $307 million (2022: nil) associated with the Brookfield Infrastructure Fund IV, Brookfield Global Transition Fund, and Brookfield Global Transition Fund II credit facilities, respectively.

SUPPLEMENTAL INFORMATION (Table

SUPPLEMENTAL INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2023
Cash flows from (used in) operating activities [abstract]
Summary of net change in working capital	The net change in working capital balances for the year ended December 31 shown in the consolidated statements of cash flows is comprised of the following: (MILLIONS) 2023 2022 2021 Trade receivables and other current assets $ 540 $ (296) $ (515) Accounts payable and accrued liabilities (60) 109 (282) Other assets and liabilities (12) (7) 81 $ 468 $ (194) $ (716)

SUBSIDIARY PUBLIC ISSUERS (Tabl

SUBSIDIARY PUBLIC ISSUERS (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of subsidiaries [abstract]
Schedule of consolidated summary balance sheet financial information	The following tables provide consolidated summary financial information for Brookfield Renewable, BRP Equity, and Canadian Finco: (MILLIONS) Brookfield Renewable (1) BRP Canadian Finco Subsidiary Credit Supporters (2) Other Subsidiaries (1)(3) Consolidating adjustments (4) Brookfield As at December 31, 2023: Current assets $ 65 $ 400 $ 2,695 $ 790 $ 4,611 $ (3,951) $ 4,610 Long-term assets 4,735 246 2 44,239 71,435 (49,139) 71,518 Current liabilities 72 8 32 8,406 7,658 (8,138) 8,038 Long-term liabilities — — 2,650 56 35,405 — 38,111 Participating non-controlling interests – in operating subsidiaries — — — — 18,863 — 18,863 Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield — — — 2,684 — — 2,684 BEPC exchangeable shares — — — — 2,479 — 2,479 Preferred equity — 583 — — — — 583 Perpetual subordinated notes — — — 592 — — 592 Preferred limited partners’ equity 760 — — 765 — (765) 760 As at December 31, 2022: Current assets $ 61 $ 391 $ 2,336 $ 834 $ 4,172 $ (3,611) $ 4,183 Long-term assets 4,860 241 3 33,830 59,860 (38,866) 59,928 Current liabilities 60 7 30 7,877 4,455 (7,486) 4,943 Long-term liabilities — — 2,299 16 30,567 — 32,882 Participating non-controlling interests – in operating subsidiaries — — — — 14,755 — 14,755 Participating non-controlling interests – in a holding subsidiary – Redeemable\Exchangeable units held by Brookfield — — — 2,892 — — 2,892 BEPC exchangeable shares — — — — 2,561 — 2,561 Preferred equity — 571 — — — — 571 Perpetual subordinated notes — — — 592 — — 592 Preferred limited partners’ equity 761 — — 765 — (766) 760 (1) Includes investments in subsidiaries under the equity method. (2) Includes BRELP, BRP Bermuda Holdings I Limited, Brookfield BRP Holdings (Canada) Inc., Brookfield BRP Europe Holdings Limited, Brookfield Renewable Investments and BEP Subco Inc., collectively the “Subsidiary Credit Supporters”. (3) Includes subsidiaries of Brookfield Renewable, other than BRP Equity, Canadian Finco and the Subsidiary Credit Supporters. (4) Includes elimination of intercompany transactions and balances necessary to present Brookfield Renewable on a consolidated basis.
Schedule of consolidated summary income statement financial information	(MILLIONS) Brookfield (1) BRP Canadian Finco Subsidiary Credit Supporters Other (1)(2) Consolidating (3) Brookfield For the year ended December 31, 2023 Revenues $ — $ — $ — $ — $ 5,038 $ — $ 5,038 Net income (loss) (50) — 3 (724) 1,686 (299) 616 For the year ended December 31, 2022 Revenues $ — $ — $ — $ — $ 4,711 $ — $ 4,711 Net income (loss) (122) — 2 (1,322) 772 808 138 For the year ended December 31, 2021 Revenues $ — $ — $ — $ — $ 4,096 $ — $ 4,096 Net income (loss) (136) — — (1,185) 561 694 (66) (1) Includes investments in subsidiaries under the equity method. (2) Includes subsidiaries of Brookfield Renewable, other than BRP Equity, Canadian Finco, and the Subsidiary Credit Supporters. (3) Includes elimination of intercompany transactions and balances necessary to present Brookfield Renewable on a consolidated basis.

BASIS OF PREPARATION AND MATE_4

BASIS OF PREPARATION AND MATERIAL ACCOUNTING POLICY INFORMATION - Consolidation (Details)	12 Months Ended
	Dec. 31, 2023
Basis Of Preparation And Significant Accounting Policies Abstract [Abstract]
Redeemable and exchangeable partnership units, exchange ratio	1

BASIS OF PREPARATION AND MATE_5

BASIS OF PREPARATION AND MATERIAL ACCOUNTING POLICY INFORMATION - Depreciation on Power Generating Assets (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Concession asset | Brazil
Disclosure of detailed information about property, plant and equipment [line items]
Estimated service lives	34 years	35 years
Top of range | Dams
Disclosure of detailed information about property, plant and equipment [line items]
Estimated service lives	115 years
Top of range | Penstocks
Disclosure of detailed information about property, plant and equipment [line items]
Estimated service lives	60 years
Top of range | Powerhouses
Disclosure of detailed information about property, plant and equipment [line items]
Estimated service lives	115 years
Top of range | Hydroelectric generating units
Disclosure of detailed information about property, plant and equipment [line items]
Estimated service lives	115 years
Top of range | Wind generating units
Disclosure of detailed information about property, plant and equipment [line items]
Estimated service lives	30 years
Top of range | Solar generating units
Disclosure of detailed information about property, plant and equipment [line items]
Estimated service lives	35 years
Top of range | Gas-fired cogenerating (“Cogeneration”) units
Disclosure of detailed information about property, plant and equipment [line items]
Estimated service lives	40 years
Top of range | Other assets
Disclosure of detailed information about property, plant and equipment [line items]
Estimated service lives	60 years

BASIS OF PREPARATION AND MATE_6

BASIS OF PREPARATION AND MATERIAL ACCOUNTING POLICY INFORMATION - Revenue and Expense Recognition (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Energy derivative contracts
Disclosure of disaggregation of revenue from contracts with customers [line items]
Decrease in revenues	$ (119)	$ (146)	$ (37)
Renewable Credits | Goods or services transferred at point in time
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	$ 250	$ 263	$ 183

BASIS OF PREPARATION AND MATE_7

BASIS OF PREPARATION AND MATERIAL ACCOUNTING POLICY INFORMATION - Recently Adopted Accounting Standards (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revision of Prior Period [Line Items]
Increase in cash and cash equivalents	$ 1,141	$ 998	$ 900	$ 607
Decrease in restricted cash	(310)	(139)
Increase in cash used in investing activities	$ 4,356	$ 5,066	$ 2,544

PRINCIPAL SUBSIDIARIES (Details

PRINCIPAL SUBSIDIARIES (Details)	12 Months Ended
	Dec. 31, 2023
BP Brazil US Subco LLC
Disclosure of subsidiaries [line items]
Percentage of voting securities owned or controlled	100%
Brookfield BRP Canada Corp.
Disclosure of subsidiaries [line items]
Percentage of voting securities owned or controlled	100%
Brookfield BRP Europe Holdings (Bermuda) Limited
Disclosure of subsidiaries [line items]
Percentage of voting securities owned or controlled	100%
Brookfield Power US Holding America Co.
Disclosure of subsidiaries [line items]
Percentage of voting securities owned or controlled	100%
Isagen S.A. E.S.P.
Disclosure of subsidiaries [line items]
Percentage of voting securities owned or controlled	99.70%
TerraForm Power Parent, LLC
Disclosure of subsidiaries [line items]
Percentage of voting securities owned or controlled	100%

ACQUISITIONS - Narrative (Detai

ACQUISITIONS - Narrative (Details) € in Millions, ₨ in Millions, £ in Millions, R$ in Millions, $ in Millions																											1 Months Ended	3 Months Ended			6 Months Ended		12 Months Ended
	Dec. 14, 2023 USD ($) MW GW	Dec. 14, 2023 GBP (£)	Nov. 07, 2023 USD ($)	Nov. 06, 2023 USD ($) MW	Nov. 06, 2023 BRL (R$) MW	Oct. 26, 2023 USD ($)	Oct. 26, 2023 INR (₨)	Oct. 25, 2023 USD ($) MW	Oct. 10, 2023 USD ($)	May 04, 2023 USD ($) MW	Apr. 22, 2023 USD ($) MW	Apr. 22, 2023 INR (₨) MW	Mar. 03, 2023 USD ($) MW	Feb. 16, 2023 USD ($)	Feb. 16, 2023 INR (₨)	Dec. 21, 2022 USD ($)	Dec. 16, 2022 USD ($) MW GW	Sep. 28, 2022 USD ($) MW GW	Aug. 03, 2022 USD ($)	Jun. 20, 2022 USD ($) GW	Mar. 17, 2022 USD ($) MW	Feb. 02, 2022 USD ($) GW	Feb. 02, 2022 EUR (€)	Jan. 24, 2022 USD ($) GW	Mar. 31, 2021 USD ($) site MW	Mar. 24, 2021 USD ($) facility MW	Feb. 28, 2022 USD ($) MW	Dec. 31, 2023 USD ($)	Mar. 31, 2023	Mar. 31, 2021 USD ($) site MW	Sep. 30, 2023 USD ($)	Sep. 30, 2023 INR (₨)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 14, 2023 GBP (£) MW GW	Sep. 30, 2022	Feb. 02, 2022 EUR (€) GW
Disclosure of detailed information about business combination [line items]
Revenues																																	$ 5,038	$ 4,711	$ 4,096
Fair value of net assets acquired																																			1,311
Total fair value of net assets acquired including goodwill, net of non-controlling interests																																			1,428
20 GW United States Portfolio
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired																								100%
Investment in equity-accounted investments																								$ 760
Economic interest held																								20%
Acquisition costs (less than)																								$ 2
Contingent consideration recognised as of acquisition date																								$ 58
Solar power capacity | GW																								20
Working capital and closing adjustments																								$ 702
1.7 GW Germany Portfolio
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired																						100%																100%
Investment in equity-accounted investments																						$ 90	€ 81
Economic interest held																						20%	20%
Acquisition costs (less than)																						$ 2	€ 2
Contingent consideration recognised as of acquisition date																						$ 17																€ 15
Solar power capacity | GW																						1.7																1.7
Working capital and closing adjustments																						$ 73	€ 66
Chile Distributed Generation Portfolio
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired																					83%													84%			83%
Investment in equity-accounted investments																					$ 31							$ 4
Economic interest held																					20%
Acquisition costs (less than)																					$ 1
Fair value of net assets acquired																																		$ 19
Operating and under construction assets, power capacity | MW																					437
Total fair value of net assets acquired including goodwill, net of non-controlling interests																																		$ 37
Basis for consideration percentage																																		100%
Oregon Wind Portfolio
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired																										100%
Wind power capacity, generation facilities (in MW) | MW																										845
Economic interest held																										25%
Acquisition costs (less than)																										$ 6
Revenue of combined entity as if combination occurred at beginning of period																																		$ 183
Consideration transferred, acquisition-date fair value																										$ 744
Fair value of net assets acquired																																			(744)
Wind power capacity, development projects (in MW) | MW																										400
Total fair value of net assets acquired including goodwill, net of non-controlling interests																																			744
Number of wind generation facilities | facility																										3
U.S. Distribution Generation Portfolio
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired																		100%							100%					100%
Investment in equity-accounted investments																		$ 614
Economic interest held																		20%
Acquisition costs (less than)																		$ 5							$ 2
Revenue of combined entity as if combination occurred at beginning of period																																	46	79
Consideration transferred, acquisition-date fair value																									$ 684					$ 684
Fair value of net assets acquired																																		305	(567)
Operating and under construction assets, power capacity | MW																		500							360					360
Initial equity price																		$ 538
Working capital and closing adjustments																		22
Total fair value of net assets acquired including goodwill, net of non-controlling interests																																		614	$ 684
Repayments of non-current borrowings																		98
Increase (decrease) in goodwill																																	73
Increase (decrease) in property, plant and equipment																																	36
Increase (decrease) in deferred tax liability (asset)																																	7
Increase (decrease) in non-recourse borrowings																																	33
Increase (decrease) in non-current provisions																																	3
Increase (decrease) in financial liabilities																																	8
Operating and under construction assets, number of sites | site																									600					600
Development assets, power capacity (in MW) | MW																									700					700
Economic interest in joint venture																									25%
U.S. Distribution Generation Portfolio | Debt Associated With U.S. Distribution Generation Portfolio Acquisition Refinancing
Disclosure of detailed information about business combination [line items]
Notional amount																		$ 123
U.S. Wind Portfolio
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired																	100%
Investment in equity-accounted investments																	$ 1,092
Economic interest held																	20%
Acquisition costs (less than)																	$ 4
Revenue of combined entity as if combination occurred at beginning of period																																	82
Fair value of net assets acquired																												1,114					1,114	1,109
Operating and under construction assets, power capacity | MW																	800
Solar power capacity | GW																	22
Total fair value of net assets acquired including goodwill, net of non-controlling interests																												1,092					1,092	$ 1,092
Increase (decrease) in property, plant and equipment																																	(96)
Increase (decrease) in financial liabilities																																	97
Decrease in assets held for sale																																	6
Decrease in other non-current assets																																	12
Decrease in other long-term liabilities																																	23
Decrease in provisions																																	6
Increase in liabilities held for sale																																	9
1.8 GW U.S. Distribution Generation Portfolio
Disclosure of detailed information about business combination [line items]
Solar power capacity | GW																		1.8
California Bioenergy
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired																10%
Economic interest held																2%
Initial investment																$ 150
Net investment																30
Investment option																350
Net investment option																$ 70
Powen
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired																											16%				8.80%	8.80%
Wind power capacity, generation facilities (in MW) | MW																											700
Economic interest held																											32%
Initial investment																											$ 22
Net investment																											6
Investment option																											34				$ 10
Net investment option																											$ 7
Powen | Brookfield Renewable and Institutional Partners
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired																															44%	44%
Economic interest held																											6%
Investment option																															$ 49
Island Aggregator LP
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired																				20%
Investment in equity-accounted investments																				$ 122
Purchase of interests in investments accounted for using equity method																				$ 500
California Resources Corporation
Disclosure of detailed information about business combination [line items]
Investment in equity-accounted investments																			$ 48
Economic interest held																			10%
Initial investment																			$ 137
Purchase of interests in investments accounted for using equity method																			$ 500
1.2 GW Island Aggregator LP
Disclosure of detailed information about business combination [line items]
Solar power capacity | GW																				1.2
1.3 GW Island Aggregator LP
Disclosure of detailed information about business combination [line items]
Solar power capacity | GW																				1.3
Polenergia
Disclosure of detailed information about business combination [line items]
Investment in equity-accounted investments																														$ 44
Ownership Interest																													8%	6%
Polenergia | Brookfield Renewable and Institutional Partners
Disclosure of detailed information about business combination [line items]
Investment in equity-accounted investments																														$ 175
Ownership Interest																													32%	23%
Polenergia | Brookfield Renewable And Institutional Partners And Majority Shareholder
Disclosure of detailed information about business combination [line items]
Ownership Interest																														75%
136 MW Brazil Wind Portfolio
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired													100%
Wind power capacity, generation facilities (in MW) | MW													136
Investment in equity-accounted investments													$ 24
Deferred consideration													$ 1
Economic interest held													25%
Acquisition costs (less than)													$ 1
Revenue of combined entity as if combination occurred at beginning of period																																	24
Fair value of net assets acquired																												95					95
Working capital and closing adjustments													23
Total fair value of net assets acquired including goodwill, net of non-controlling interests																												95					95
136 MW Brazil Wind Portfolio | Brookfield Renewable and Institutional Partners
Disclosure of detailed information about business combination [line items]
Investment in equity-accounted investments													95
Deferred consideration													5
Working capital and closing adjustments													$ 90
730 MW Development Pipeline In Brazil
Disclosure of detailed information about business combination [line items]
Wind power capacity, generation facilities (in MW) | MW										730
Investment in equity-accounted investments										$ 1
Economic interest held										20%			90%
Fair value of net assets acquired										$ 5
Fair values of liabilities assumed										1
730 MW Development Pipeline In Brazil | Brookfield Renewable and Institutional Partners
Disclosure of detailed information about business combination [line items]
Investment in equity-accounted investments										$ 4
5,900 MW Operating And Under Construction And 6,100 Development U.S. Renewable Portfolio
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired								100%
Investment in equity-accounted investments								$ 308
Deferred consideration								147
Acquisition costs (less than)								$ 2
Revenue of combined entity as if combination occurred at beginning of period																																	401
Operating and under construction assets, power capacity | MW								5,900
Solar power capacity | MW								6,100
Working capital and closing adjustments								$ 161
5,900 MW Operating And Under Construction And 6,100 Development U.S. Renewable Portfolio | Brookfield Renewable and Institutional Partners
Disclosure of detailed information about business combination [line items]
Investment in equity-accounted investments								1,083
Deferred consideration								518
Acquisition costs (less than)								6
Working capital and closing adjustments								$ 565
U.K. Wind Portfolio
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired	100%																																			100%
Investment in equity-accounted investments	$ 296	£ 232
Acquisition costs (less than)	$ 3
Revenue of combined entity as if combination occurred at beginning of period																																	100
Near-term development power capacity | MW	800																																			800
Late-stage project power capacity | GW	3																																			3
Contingent consideration recognised as of acquisition date	$ 7																																			£ 6
Fair value of net assets acquired																												500					500
Wind power capacity | MW	260																																			260
Working capital and closing adjustments	$ 289	226
Total fair value of net assets acquired including goodwill, net of non-controlling interests																												625					625
U.K. Wind Portfolio | Brookfield Renewable and Institutional Partners
Disclosure of detailed information about business combination [line items]
Investment in equity-accounted investments	625	489
Acquisition costs (less than)	7
Contingent consideration recognised as of acquisition date	15																																			£ 12
Working capital and closing adjustments	$ 610	£ 477
X-Elio
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired									4.20%
Investment in equity-accounted investments									$ 76
Economic interest held									17%
X-Elio | Brookfield Renewable and Institutional Partners
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired									50%
Investment in equity-accounted investments									$ 893
60 MW Brazil Wind Portfolio
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired				100%	100%
Wind power capacity, generation facilities (in MW) | MW				60	60
Investment in equity-accounted investments				$ 6	R$ 28
Economic interest held				25%	25%
Acquisition costs (less than)				$ 1
Revenue of combined entity as if combination occurred at beginning of period																																	9
Fair value of net assets acquired																												23					23
Total fair value of net assets acquired including goodwill, net of non-controlling interests																												23					23
60 MW Brazil Wind Portfolio | Brookfield Renewable and Institutional Partners
Disclosure of detailed information about business combination [line items]
Investment in equity-accounted investments				$ 23	R$ 113
Westinghouse Electric Corporation
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired			100%
Investment in equity-accounted investments			$ 442
Economic interest held			10.11%
Westinghouse Electric Corporation | Brookfield Renewable and Institutional Partners
Disclosure of detailed information about business combination [line items]
Investment in equity-accounted investments			$ 4,370
Economic interest held			51%
Westinghouse Electric Corporation | Cameco Corporation
Disclosure of detailed information about business combination [line items]
Economic interest held			49%
UPL
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired														4%	4%
Investment in equity-accounted investments														$ 17	₨ 1,400
UPL | Brookfield Renewable and Institutional Partners
Disclosure of detailed information about business combination [line items]
Investment in equity-accounted investments														$ 86	₨ 7,000
India Renewable Portfolio
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired											1%	1%
Economic interest held						7%	7%
Acquisition costs (less than)						$ 1
Aggregate consideration						34
Revenue of combined entity as if combination occurred at beginning of period						108
Fair value of net assets acquired																												303					303
Net investment											$ 6	₨ 500
Solar power capacity | MW											4,500	4,500
Investment option																															4	₨ 340
Net investment option						$ 24	₨ 2,000
Total fair value of net assets acquired including goodwill, net of non-controlling interests																												$ 447					$ 447
Basis for consideration percentage																												100%					100%
India Renewable Portfolio | Brookfield Renewable and Institutional Partners
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired											7%	7%
Economic interest held						37.54%	37.54%
Acquisition costs (less than)						$ 2
Aggregate consideration						168
Initial investment											$ 30	₨ 2,500
Investment option						$ 118	₨ 9,800																								$ 21	₨ 1,700

ACQUISITIONS - Provisional Purc

ACQUISITIONS - Provisional Purchase Price Allocations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2021
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents			$ 2
Restricted cash			54
Trade receivables and other current assets			51
Property, plant and equipment			2,366
Accounts payable and accrued liabilities			(16)
Current portion of non-recourse borrowings	$ (2,027)	$ (4,752)
Financial instruments liabilities			(16)
Non-recourse borrowings			894
Deferred income tax liabilities			99
Other long-term liabilities			(56)
Fair value of net assets acquired			1,311
Goodwill			(117)
Total fair value of net assets acquired including goodwill, net of non-controlling interests			1,428
Total
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	86	186
Restricted cash	17	144
Trade receivables and other current assets	106	235
Property, plant and equipment	3,087	5,953
Deferred tax assets	10	22
Financial instruments assets	12	46
Equity accounted investments		44
Other non-current assets	48	117
Accounts payable and accrued liabilities	(142)	(187)
Current portion of non-recourse borrowings	(9)	(289)
Financial instruments liabilities	(755)	(1,102)
Non-recourse borrowings	400	1,784
Deferred income tax liabilities	(50)	(228)
Provisions	(54)	(227)
Other long-term liabilities	(133)	(213)
Fair value of net assets acquired	1,928	2,717
Non-controlling interests	(26)	(414)
Goodwill	(691)	(340)
Total fair value of net assets acquired including goodwill, net of non-controlling interests	2,593	2,643
Assets classified as held for sale	240
Liabilities classified as held for sale	(135)
136 MW Brazil Wind Portfolio
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents		10
Restricted cash		0
Trade receivables and other current assets		9
Property, plant and equipment		130
Deferred tax assets		0
Financial instruments assets		0
Equity accounted investments		0
Other non-current assets		19
Accounts payable and accrued liabilities		(22)
Current portion of non-recourse borrowings		(4)
Financial instruments liabilities		0
Non-recourse borrowings		45
Deferred income tax liabilities		0
Provisions		(2)
Other long-term liabilities		0
Fair value of net assets acquired		95
Non-controlling interests		0
Goodwill		0
Total fair value of net assets acquired including goodwill, net of non-controlling interests		95
U.S. Renewable Portfolio
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents		88
Restricted cash		111
Trade receivables and other current assets		127
Property, plant and equipment		3,937
Deferred tax assets		0
Financial instruments assets		38
Equity accounted investments		36
Other non-current assets		54
Accounts payable and accrued liabilities		(88)
Current portion of non-recourse borrowings		(187)
Financial instruments liabilities		(1,037)
Non-recourse borrowings		905
Deferred income tax liabilities		(29)
Provisions		(219)
Other long-term liabilities		(130)
Fair value of net assets acquired		1,796
Non-controlling interests		(343)
Goodwill		0
Total fair value of net assets acquired including goodwill, net of non-controlling interests		1,453
India Renewable Portfolio
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents		27
Restricted cash		32
Trade receivables and other current assets		69
Property, plant and equipment		851
Deferred tax assets		22
Financial instruments assets		0
Equity accounted investments		8
Other non-current assets		39
Accounts payable and accrued liabilities		(62)
Current portion of non-recourse borrowings		(35)
Financial instruments liabilities		0
Non-recourse borrowings		581
Deferred income tax liabilities		(48)
Provisions		0
Other long-term liabilities		(19)
Fair value of net assets acquired		303
Non-controlling interests		(37)
Goodwill		(181)
Total fair value of net assets acquired including goodwill, net of non-controlling interests		447
60 MW Brazil Wind Portfolio
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents		1
Restricted cash		0
Trade receivables and other current assets		4
Property, plant and equipment		40
Deferred tax assets		0
Financial instruments assets		0
Equity accounted investments		0
Other non-current assets		5
Accounts payable and accrued liabilities		(2)
Current portion of non-recourse borrowings		(2)
Financial instruments liabilities		0
Non-recourse borrowings		17
Deferred income tax liabilities		0
Provisions		0
Other long-term liabilities		(6)
Fair value of net assets acquired		23
Non-controlling interests		0
Goodwill		0
Total fair value of net assets acquired including goodwill, net of non-controlling interests		23
U.K. Wind Portfolio
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents		60
Restricted cash		1
Trade receivables and other current assets		26
Property, plant and equipment		995
Deferred tax assets		0
Financial instruments assets		8
Equity accounted investments		0
Other non-current assets		0
Accounts payable and accrued liabilities		(13)
Current portion of non-recourse borrowings		(61)
Financial instruments liabilities		(65)
Non-recourse borrowings		236
Deferred income tax liabilities		(151)
Provisions		(6)
Other long-term liabilities		(58)
Fair value of net assets acquired		500
Non-controlling interests		(34)
Goodwill		(159)
Total fair value of net assets acquired including goodwill, net of non-controlling interests		625
Chile Distributed Generation Portfolio
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	2
Restricted cash	0
Trade receivables and other current assets	2
Property, plant and equipment	21
Deferred tax assets	0
Financial instruments assets	0
Other non-current assets	1
Accounts payable and accrued liabilities	(1)
Current portion of non-recourse borrowings	0
Financial instruments liabilities	0
Non-recourse borrowings	6
Deferred income tax liabilities	0
Provisions	0
Other long-term liabilities	0
Fair value of net assets acquired	19
Non-controlling interests	0
Goodwill	(18)
Total fair value of net assets acquired including goodwill, net of non-controlling interests	37
Assets classified as held for sale	0
Liabilities classified as held for sale	0
Europe Utility-scale Solar Portfolio
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	3
Restricted cash	0
Trade receivables and other current assets	30
Property, plant and equipment	1
Deferred tax assets	0
Financial instruments assets	0
Other non-current assets	0
Accounts payable and accrued liabilities	(5)
Current portion of non-recourse borrowings	0
Financial instruments liabilities	0
Non-recourse borrowings	0
Deferred income tax liabilities	(7)
Provisions	0
Other long-term liabilities	0
Fair value of net assets acquired	22
Non-controlling interests	0
Goodwill	(68)
Total fair value of net assets acquired including goodwill, net of non-controlling interests	90
Assets classified as held for sale	0
Liabilities classified as held for sale	0
U.S. Utility-scale Solar Portfolio
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	22
Restricted cash	6
Trade receivables and other current assets	48
Property, plant and equipment	561
Deferred tax assets	0
Financial instruments assets	0
Other non-current assets	4
Accounts payable and accrued liabilities	(32)
Current portion of non-recourse borrowings	0
Financial instruments liabilities	(15)
Non-recourse borrowings	48
Deferred income tax liabilities	(43)
Provisions	0
Other long-term liabilities	(30)
Fair value of net assets acquired	473
Non-controlling interests	0
Goodwill	(287)
Total fair value of net assets acquired including goodwill, net of non-controlling interests	760
Assets classified as held for sale	0
Liabilities classified as held for sale	0
Purchase accounting adjustments	176
U.S. Distribution Generation Portfolio
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	33		1
Restricted cash	6		5
Trade receivables and other current assets	13		23
Property, plant and equipment	708		723
Deferred tax assets	10
Financial instruments assets	10
Other non-current assets	21
Accounts payable and accrued liabilities	(66)		(6)
Current portion of non-recourse borrowings	(9)
Financial instruments liabilities	(15)		0
Non-recourse borrowings	346		133
Deferred income tax liabilities	0		16
Provisions	(25)
Other long-term liabilities	(35)		(23)
Fair value of net assets acquired	305		(567)
Non-controlling interests	0
Goodwill	(309)		(117)
Total fair value of net assets acquired including goodwill, net of non-controlling interests	614		$ 684
Assets classified as held for sale	0
Liabilities classified as held for sale	0
Purchase accounting adjustments	97
U.S. Wind Portfolio
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	26	26
Restricted cash	5	5
Trade receivables and other current assets	13	13
Property, plant and equipment	1,796	1,700
Deferred tax assets	0
Financial instruments assets	2	2
Other non-current assets	22	10
Accounts payable and accrued liabilities	(38)	(38)
Current portion of non-recourse borrowings	0
Financial instruments liabilities	(725)	(628)
Non-recourse borrowings	0
Deferred income tax liabilities	0
Provisions	(29)	22
Other long-term liabilities	(68)	45
Fair value of net assets acquired	1,109	1,114
Non-controlling interests	(26)	(23)
Goodwill	(9)	(1)
Total fair value of net assets acquired including goodwill, net of non-controlling interests	1,092	1,092
Assets classified as held for sale	240	234
Liabilities classified as held for sale	$ (135)	$ (143)

ACQUISITIONS - Final Purchase P

ACQUISITIONS - Final Purchase Price Allocations at Fair Value (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2021
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents		$ 2
Restricted cash		54
Trade receivables and other current assets		51
Property, plant and equipment		2,366
Accounts payable and accrued liabilities		(16)
Current portion of non-recourse borrowings		(81)
Financial instruments liabilities		(16)
Non-recourse borrowings		894
Other long-term liabilities		(56)
Fair value of net assets acquired		1,311
Goodwill		117
Total fair value of net assets acquired including goodwill, net of non-controlling interests		$ 1,428
U.S. Distributed Generation Portfolio
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	$ 33
Restricted cash	6
Trade receivables and other current assets	13
Property, plant and equipment	744
Financial instruments assets	10
Deferred tax assets	3
Other non-current assets	21
Accounts payable and accrued liabilities	(66)
Current portion of non-recourse borrowings	(10)
Financial instruments liabilities	(7)
Non-recourse borrowings	(312)
Provisions	(22)
Other long-term liabilities	(35)
Fair value of net assets acquired	378
Goodwill	236
Total fair value of net assets acquired including goodwill, net of non-controlling interests	$ 614

ACQUISITIONS - Purchase Price A

ACQUISITIONS - Purchase Price Allocation 2021 (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents		$ 2
Restricted cash		54
Trade receivables and other current assets		51
Property, plant and equipment		2,366
Accounts payable and accrued liabilities		(16)
Current portion of non-recourse borrowings		(81)
Financial instruments liabilities		(16)
Non Recourse Borrowings Acquired		(894)
Deferred income tax liabilities		(99)
Other long-term liabilities		(56)
Fair Value Of Net Assets Acquired As Of Acquistion Date		(1,311)
Goodwill		117
Identifiable assets acquired (liabilities assumed)		(1,428)
Oregon Wind Portfolio
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents		1
Restricted cash		49
Trade receivables and other current assets		28
Property, plant and equipment		1,643
Accounts payable and accrued liabilities		(10)
Current portion of non-recourse borrowings		(74)
Financial instruments liabilities		(16)
Non Recourse Borrowings Acquired		(761)
Deferred income tax liabilities		(83)
Other long-term liabilities		(33)
Fair Value Of Net Assets Acquired As Of Acquistion Date		744
Goodwill		0
Identifiable assets acquired (liabilities assumed)		(744)
U.S. Distribution Generation Portfolio
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	$ 33	1
Restricted cash	6	5
Trade receivables and other current assets	13	23
Property, plant and equipment	708	723
Accounts payable and accrued liabilities	(66)	(6)
Current portion of non-recourse borrowings		(7)
Financial instruments liabilities	(15)	0
Non Recourse Borrowings Acquired	(346)	(133)
Deferred income tax liabilities	0	(16)
Other long-term liabilities	(35)	(23)
Fair Value Of Net Assets Acquired As Of Acquistion Date	(305)	567
Goodwill	309	117
Identifiable assets acquired (liabilities assumed)	$ (614)	$ (684)

DISPOSAL OF ASSETS - Narrative

DISPOSAL OF ASSETS - Narrative (Details) $ in Millions				12 Months Ended
	Sep. 20, 2023 USD ($) MW	May 17, 2023 USD ($)	Mar. 17, 2023 USD ($) MW	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Disclosure of detailed information about investment property [line items]
Amounts reclassified from OCI to income				$ 1,328	$ (378)	$ (854)
378 MW U.S. Hydroelectric Portfolio
Disclosure of detailed information about investment property [line items]
Portion of ownership interest in joint venture sold			78%
Hydro power capacity | MW			378
Ownership Interest			22%
Assets derecognized			$ 667
Liabilities derecognized			191
Accumulated revaluation surplus post-tax			$ 34
378 MW U.S. Hydroelectric Portfolio | Brookfield Corporation Affiliates
Disclosure of detailed information about investment property [line items]
Ownership Interest			28%
378 MW U.S. Hydroelectric Portfolio | Brookfield Renewable and Institutional Partners
Disclosure of detailed information about investment property [line items]
Portion of ownership interest in joint venture sold	100%
Wind Assets
Disclosure of detailed information about investment property [line items]
Assets derecognized		$ 246
Liabilities derecognized		155
Non-controlling interest		23
Proceeds, net of transaction costs		14
Wind Assets | Brookfield Renewable and Institutional Partners
Disclosure of detailed information about investment property [line items]
Proceeds, net of transaction costs		$ 217
95 MW Uruguay Wind Asset Portfolio
Disclosure of detailed information about investment property [line items]
Assets derecognized	$ 238
Liabilities derecognized	$ 193
Wind power capacity | MW	95
Proceeds, net of transaction costs	$ 65
Amounts reclassified from OCI to income	5
Gains (losses) on disposals of investments	$ 42
95 MW Uruguay Wind Asset Portfolio | Brookfield Renewable and Institutional Partners
Disclosure of detailed information about investment property [line items]
Portion of ownership interest in joint venture sold	100%
Proceeds, net of transaction costs	$ 112
Gains (losses) on disposals of investments	72
26 MW Uruguay Solar Asset
Disclosure of detailed information about investment property [line items]
Assets derecognized	43
Liabilities derecognized	1
Accumulated revaluation surplus post-tax	13
Proceeds, net of transaction costs	$ 13
Solar power capacity | MW	26
26 MW Uruguay Solar Asset | Brookfield Renewable and Institutional Partners
Disclosure of detailed information about investment property [line items]
Proceeds, net of transaction costs	$ 41

RISK MANAGEMENT AND FINANCIAL_3

RISK MANAGEMENT AND FINANCIAL INSTRUMENTS - Market Risk (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest rate risk | Floating interest rate | Sudsidiary
Disclosure of risk management strategy related to hedge accounting [line items]
Carrying value	$ 11,574	$ 7,823
Hedged item, liabilities	4,681	3,396
5% increase in future energy prices | Energy derivative contracts
Disclosure of risk management strategy related to hedge accounting [line items]
Effect on net income	(62)	(76)	$ (37)
Effect on OCI	(23)	(36)	(21)
5% increase in future energy prices | Currency risk
Disclosure of risk management strategy related to hedge accounting [line items]
Effect on net income	(129)	20	15
Effect on OCI	148	112	114
5% decrease in future energy prices | Energy derivative contracts
Disclosure of risk management strategy related to hedge accounting [line items]
Effect on net income	62	75	40
Effect on OCI	23	36	22
5% decrease in future energy prices | Currency risk
Disclosure of risk management strategy related to hedge accounting [line items]
Effect on net income	130	(20)	(16)
Effect on OCI	(156)	(118)	(124)
Impact of 1% increase | Interest rate risk
Disclosure of risk management strategy related to hedge accounting [line items]
Effect on net income	29	27	29
Effect on OCI	307	96	95
Impact of 1% decrease | Interest rate risk
Disclosure of risk management strategy related to hedge accounting [line items]
Effect on net income	(29)	(27)	(29)
Effect on OCI	$ (307)	$ (96)	$ (95)

RISK MANAGEMENT AND FINANCIAL_4

RISK MANAGEMENT AND FINANCIAL INSTRUMENTS - Credit Risk (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Disclosure of credit risk exposure [line items]
Due from related parties	$ 1,443	$ 123
Contract assets	314	341
Credit Risk
Disclosure of credit risk exposure [line items]
Trade receivables and other short-term receivables	923	883
Long-term receivables	382	235
Financial instrument assets	400	390
Due from related parties	1,578	251
Contract assets	375	395
Total	$ 3,658	$ 2,154

RISK MANAGEMENT AND FINANCIAL_5

RISK MANAGEMENT AND FINANCIAL INSTRUMENTS - Cash Obligations (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Accounts payable and accrued liabilities	$ 1,539	$ 1,086
Due to related parties	835	588
Other long-term liabilities – concession payments	1,764	1,530
Lease liabilities	727	526
Non-recourse borrowings	26,839	21,117
Gross of Unamortized Financing Fees and Accumulated Amortization
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Accounts payable and accrued liabilities	1,197	1,086
Financial instrument liabilities	2,282	2,229
Due to related parties	1,540	587
Lease liabilities	768	559
Corporate borrowings	2,843	2,556
Non-recourse borrowings	27,020	22,321
Interest payable on borrowings	16,751	10,172
Total	52,417	39,530
Gross of Unamortized Financing Fees and Accumulated Amortization | Concession Payments
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Other long-term liabilities – concession payments	16	20
Gross of Unamortized Financing Fees and Accumulated Amortization | Less than 1 year
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Accounts payable and accrued liabilities	1,197	1,086
Financial instrument liabilities	401	559
Due to related parties	835	586
Lease liabilities	41	30
Corporate borrowings	183	249
Non-recourse borrowings	4,752	2,027
Interest payable on borrowings	2,651	1,368
Total	10,061	5,907
Gross of Unamortized Financing Fees and Accumulated Amortization | Less than 1 year | Concession Payments
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Other long-term liabilities – concession payments	1	2
Gross of Unamortized Financing Fees and Accumulated Amortization | 2-5 years
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Accounts payable and accrued liabilities	0	0
Financial instrument liabilities	871	1,018
Due to related parties	705	1
Lease liabilities	193	116
Corporate borrowings	679	664
Non-recourse borrowings	9,474	7,904
Interest payable on borrowings	7,123	4,141
Total	19,049	13,850
Gross of Unamortized Financing Fees and Accumulated Amortization | 2-5 years | Concession Payments
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Other long-term liabilities – concession payments	4	6
Gross of Unamortized Financing Fees and Accumulated Amortization | > 5 years
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Accounts payable and accrued liabilities	0	0
Financial instrument liabilities	1,010	652
Due to related parties	0	0
Lease liabilities	534	413
Corporate borrowings	1,981	1,643
Non-recourse borrowings	12,794	12,390
Interest payable on borrowings	6,977	4,663
Total	23,307	19,773
Gross of Unamortized Financing Fees and Accumulated Amortization | > 5 years | Concession Payments
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Other long-term liabilities – concession payments	$ 11	$ 12

RISK MANAGEMENT AND FINANCIAL_6

RISK MANAGEMENT AND FINANCIAL INSTRUMENTS - Fair Value Hierarchy (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Assets measured at fair value:
Cash and cash equivalents	$ 1,141	$ 998	$ 900	$ 607
Restricted cash	391	191
Property, plant and equipment	64,005	54,283
Financial instrument liabilities
Contingent consideration	(92)	(68)
Liabilities for which fair value is disclosed:
Corporate borrowings	(2,731)	(2,362)
Non-recourse borrowings	(26,839)	(21,117)
Total	(34,722)	(31,253)
Transfers out of Level 3 of fair value hierarchy	56	0
Level 1
Assets measured at fair value:
Cash and cash equivalents	1,141
Restricted cash	391
Property, plant and equipment	0
Financial instrument liabilities
Contingent consideration	0
Liabilities for which fair value is disclosed:
Corporate borrowings	(2,731)
Non-recourse borrowings	(2,116)
Total	3,315
Level 2
Assets measured at fair value:
Cash and cash equivalents	0
Restricted cash	0
Property, plant and equipment	0
Financial instrument liabilities
Contingent consideration	0
Liabilities for which fair value is disclosed:
Corporate borrowings	0
Non-recourse borrowings	(24,723)
Total	24,923
Level 3
Assets measured at fair value:
Cash and cash equivalents	0
Restricted cash	0
Property, plant and equipment	64,005
Financial instrument liabilities
Contingent consideration	(92)
Liabilities for which fair value is disclosed:
Corporate borrowings	0
Non-recourse borrowings	0
Total	(62,960)
IFRS 9 PPAs
Assets measured at fair value:
Financial instrument assets	50	2
Financial instrument liabilities
Derivative financial liabilities	(798)	(668)
IFRS 9 PPAs | Level 1
Assets measured at fair value:
Financial instrument assets	0
Financial instrument liabilities
Derivative financial liabilities	0
IFRS 9 PPAs | Level 2
Assets measured at fair value:
Financial instrument assets	0
Financial instrument liabilities
Derivative financial liabilities	(56)
IFRS 9 PPAs | Level 3
Assets measured at fair value:
Financial instrument assets	50
Financial instrument liabilities
Derivative financial liabilities	(742)
Energy derivative contracts
Assets measured at fair value:
Financial instrument assets	90	37
Financial instrument liabilities
Derivative financial liabilities	(82)	(238)
Energy derivative contracts | Level 1
Assets measured at fair value:
Financial instrument assets	0
Financial instrument liabilities
Derivative financial liabilities	0
Energy derivative contracts | Level 2
Assets measured at fair value:
Financial instrument assets	90
Financial instrument liabilities
Derivative financial liabilities	(82)
Energy derivative contracts | Level 3
Assets measured at fair value:
Financial instrument assets	0
Financial instrument liabilities
Derivative financial liabilities	0
Interest rate swaps
Assets measured at fair value:
Financial instrument assets	233	335
Financial instrument liabilities
Derivative financial liabilities	(105)	(82)
Interest rate swaps | Level 1
Assets measured at fair value:
Financial instrument assets	0
Financial instrument liabilities
Derivative financial liabilities	0
Interest rate swaps | Level 2
Assets measured at fair value:
Financial instrument assets	233
Financial instrument liabilities
Derivative financial liabilities	(105)
Interest rate swaps | Level 3
Assets measured at fair value:
Financial instrument assets	0
Financial instrument liabilities
Derivative financial liabilities	0
Foreign exchange swaps
Assets measured at fair value:
Financial instrument assets	27	16
Financial instrument liabilities
Derivative financial liabilities	(353)	(110)
Foreign exchange swaps | Level 1
Assets measured at fair value:
Financial instrument assets	0
Financial instrument liabilities
Derivative financial liabilities	0
Foreign exchange swaps | Level 2
Assets measured at fair value:
Financial instrument assets	27
Financial instrument liabilities
Derivative financial liabilities	(353)
Foreign exchange swaps | Level 3
Assets measured at fair value:
Financial instrument assets	0
Financial instrument liabilities
Derivative financial liabilities	0
Tax equity
Assets measured at fair value:
Financial instrument assets	27	0
Financial instrument liabilities
Derivative financial liabilities	(1,782)	(1,131)
Tax equity | Level 1
Assets measured at fair value:
Financial instrument assets	0
Financial instrument liabilities
Derivative financial liabilities	0
Tax equity | Level 2
Assets measured at fair value:
Financial instrument assets	0
Financial instrument liabilities
Derivative financial liabilities	0
Tax equity | Level 3
Assets measured at fair value:
Financial instrument assets	27
Financial instrument liabilities
Derivative financial liabilities	(1,782)
Investments in debt and equity securities
Assets measured at fair value:
Financial instrument assets	1,540	$ 1,235
Investments in debt and equity securities | Level 1
Assets measured at fair value:
Financial instrument assets	0
Investments in debt and equity securities | Level 2
Assets measured at fair value:
Financial instrument assets	46
Investments in debt and equity securities | Level 3
Assets measured at fair value:
Financial instrument assets	$ 1,494

RISK MANAGEMENT AND FINANCIAL_7

RISK MANAGEMENT AND FINANCIAL INSTRUMENTS - Financial Instrument Asset & Liabilities Designated as Hedging and Non-hedging (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	$ (1,153)	$ (604)	$ (643)
IFRS 9 PPAs
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	(748)	(666)	(20)
Energy derivative contracts
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	8	(201)	(151)
Interest rate swaps
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	128	253	(188)
Foreign exchange swaps
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	(326)	(94)	(24)
Investments in debt and equity securities
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	1,540	1,235	195
Tax equity
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	(1,755)	(1,131)	$ (455)
Net Assets (Liabilities)
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	(1,153)	(604)
Less: current portion	488	434
Long-term portion	(665)	(170)
Net Assets (Liabilities) | IFRS 9 PPAs
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	(748)	(666)
Net Assets (Liabilities) | Energy derivative contracts
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	8	(201)
Net Assets (Liabilities) | Interest rate swaps
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	128	253
Net Assets (Liabilities) | Foreign exchange swaps
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	(326)	(94)
Net Assets (Liabilities) | Investments in debt and equity securities
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	1,540	1,235
Net Assets (Liabilities) | Tax equity
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	(1,755)	(1,131)
Financial Instruments Assets
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	1,967	1,625
Less: current portion	(199)	(125)
Long-term portion	1,768	1,500
Financial Instruments Assets | IFRS 9 PPAs
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	50	2
Financial Instruments Assets | Energy derivative contracts
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	90	37
Financial Instruments Assets | Interest rate swaps
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	233	335
Financial Instruments Assets | Foreign exchange swaps
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	27	16
Financial Instruments Assets | Investments in debt and equity securities
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	1,540	1,235
Financial Instruments Assets | Tax equity
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	27	0
Financial Instruments Liabilities
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	(3,120)	(2,229)
Less: current portion	687	559
Long-term portion	(2,433)	(1,670)
Financial Instruments Liabilities | IFRS 9 PPAs
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	(798)	(668)
Financial Instruments Liabilities | Energy derivative contracts
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	(82)	(238)
Financial Instruments Liabilities | Interest rate swaps
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	(105)	(82)
Financial Instruments Liabilities | Foreign exchange swaps
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	(353)	(110)
Financial Instruments Liabilities | Investments in debt and equity securities
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	0	0
Financial Instruments Liabilities | Tax equity
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	(1,782)	(1,131)
Designated Hedging Instrument | Financial Instruments Assets
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	343	310
Designated Hedging Instrument | Financial Instruments Assets | IFRS 9 PPAs
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	39	0
Designated Hedging Instrument | Financial Instruments Assets | Energy derivative contracts
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	96	12
Designated Hedging Instrument | Financial Instruments Assets | Interest rate swaps
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	181	284
Designated Hedging Instrument | Financial Instruments Assets | Foreign exchange swaps
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	27	14
Designated Hedging Instrument | Financial Instruments Assets | Investments in debt and equity securities
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	0	0
Designated Hedging Instrument | Financial Instruments Assets | Tax equity
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	0	0
Designated Hedging Instrument | Financial Instruments Liabilities
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	(429)	(236)
Designated Hedging Instrument | Financial Instruments Liabilities | IFRS 9 PPAs
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	(71)	(94)
Designated Hedging Instrument | Financial Instruments Liabilities | Energy derivative contracts
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	0	(37)
Designated Hedging Instrument | Financial Instruments Liabilities | Interest rate swaps
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	(33)	(15)
Designated Hedging Instrument | Financial Instruments Liabilities | Foreign exchange swaps
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	(325)	(90)
Designated Hedging Instrument | Financial Instruments Liabilities | Investments in debt and equity securities
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	0	0
Designated Hedging Instrument | Financial Instruments Liabilities | Tax equity
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	0	0
Not Designated as Hedging Instrument | Financial Instruments Assets | Fair value through profit & loss
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	1,487	1,090
Not Designated as Hedging Instrument | Financial Instruments Assets | Fair value through OCI
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	137	225
Not Designated as Hedging Instrument | Financial Instruments Assets | IFRS 9 PPAs | Fair value through profit & loss
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	11	2
Not Designated as Hedging Instrument | Financial Instruments Assets | IFRS 9 PPAs | Fair value through OCI
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	0	0
Not Designated as Hedging Instrument | Financial Instruments Assets | Energy derivative contracts | Fair value through profit & loss
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	(6)	25
Not Designated as Hedging Instrument | Financial Instruments Assets | Energy derivative contracts | Fair value through OCI
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	0	0
Not Designated as Hedging Instrument | Financial Instruments Assets | Interest rate swaps | Fair value through profit & loss
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	52	51
Not Designated as Hedging Instrument | Financial Instruments Assets | Interest rate swaps | Fair value through OCI
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	0	0
Not Designated as Hedging Instrument | Financial Instruments Assets | Foreign exchange swaps | Fair value through profit & loss
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	0	2
Not Designated as Hedging Instrument | Financial Instruments Assets | Foreign exchange swaps | Fair value through OCI
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	0	0
Not Designated as Hedging Instrument | Financial Instruments Assets | Investments in debt and equity securities | Fair value through profit & loss
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	1,403	1,010
Not Designated as Hedging Instrument | Financial Instruments Assets | Investments in debt and equity securities | Fair value through OCI
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	137	225
Not Designated as Hedging Instrument | Financial Instruments Assets | Tax equity | Fair value through profit & loss
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	27	0
Not Designated as Hedging Instrument | Financial Instruments Assets | Tax equity | Fair value through OCI
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	0	0
Not Designated as Hedging Instrument | Financial Instruments Liabilities | Fair value through profit & loss
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	(2,691)	(1,993)
Not Designated as Hedging Instrument | Financial Instruments Liabilities | Fair value through OCI
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	0	0
Not Designated as Hedging Instrument | Financial Instruments Liabilities | IFRS 9 PPAs | Fair value through profit & loss
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	(727)	(574)
Not Designated as Hedging Instrument | Financial Instruments Liabilities | IFRS 9 PPAs | Fair value through OCI
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	0	0
Not Designated as Hedging Instrument | Financial Instruments Liabilities | Energy derivative contracts | Fair value through profit & loss
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	(82)	(201)
Not Designated as Hedging Instrument | Financial Instruments Liabilities | Energy derivative contracts | Fair value through OCI
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	0	0
Not Designated as Hedging Instrument | Financial Instruments Liabilities | Interest rate swaps | Fair value through profit & loss
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	(72)	(67)
Not Designated as Hedging Instrument | Financial Instruments Liabilities | Interest rate swaps | Fair value through OCI
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	0	0
Not Designated as Hedging Instrument | Financial Instruments Liabilities | Foreign exchange swaps | Fair value through profit & loss
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	(28)	(20)
Not Designated as Hedging Instrument | Financial Instruments Liabilities | Foreign exchange swaps | Fair value through OCI
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	0	0
Not Designated as Hedging Instrument | Financial Instruments Liabilities | Investments in debt and equity securities | Fair value through profit & loss
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	0	0
Not Designated as Hedging Instrument | Financial Instruments Liabilities | Investments in debt and equity securities | Fair value through OCI
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	0	0
Not Designated as Hedging Instrument | Financial Instruments Liabilities | Tax equity | Fair value through profit & loss
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	(1,782)	(1,131)
Not Designated as Hedging Instrument | Financial Instruments Liabilities | Tax equity | Fair value through OCI
Disclosure of financial assets and liabilities [line items]
Net Assets (Liabilities)	$ 0	$ 0

RISK MANAGEMENT AND FINANCIAL_8

RISK MANAGEMENT AND FINANCIAL INSTRUMENTS - Net Financial Instrument Asset Position (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of derivative assets liabilities net position [Line Items]
Balance, beginning of year	$ (604)	$ (643)
Changes in fair value recognized in OCI	502	(133)	$ (32)
Amounts reclassified from OCI to income	1,328	(378)	(854)
Balance, end of year	(1,153)	(604)	(643)
IFRS 9 PPAs
Disclosure of derivative assets liabilities net position [Line Items]
Balance, beginning of year	(666)	(20)
Balance, end of year	(748)	(666)	(20)
Energy derivative contracts
Disclosure of derivative assets liabilities net position [Line Items]
Balance, beginning of year	(201)	(151)
Balance, end of year	8	(201)	(151)
Interest rate swaps
Disclosure of derivative assets liabilities net position [Line Items]
Balance, beginning of year	253	(188)
Balance, end of year	128	253	(188)
Foreign exchange swaps
Disclosure of derivative assets liabilities net position [Line Items]
Balance, beginning of year	(94)	(24)
Balance, end of year	(326)	(94)	(24)
Investments in debt and equity securities
Disclosure of derivative assets liabilities net position [Line Items]
Balance, beginning of year	1,235	195
Balance, end of year	1,540	1,235	195
Tax equity
Disclosure of derivative assets liabilities net position [Line Items]
Balance, beginning of year	(1,131)	(455)
Balance, end of year	(1,755)	(1,131)	$ (455)
Derivative Financial Assets (Liabilities) Designated As Hedging Instruments
Disclosure of derivative assets liabilities net position [Line Items]
Changes in fair value recognized in OCI	134	72
Changes in fair value	(9)	(6)
Derivative Financial Assets (Liabilities) Designated As Hedging Instruments | IFRS 9 PPAs
Disclosure of derivative assets liabilities net position [Line Items]
Changes in fair value recognized in OCI	54	(75)
Changes in fair value	(6)	(13)
Derivative Financial Assets (Liabilities) Designated As Hedging Instruments | Energy derivative contracts
Disclosure of derivative assets liabilities net position [Line Items]
Changes in fair value recognized in OCI	220	(117)
Changes in fair value	(3)	2
Derivative Financial Assets (Liabilities) Designated As Hedging Instruments | Interest rate swaps
Disclosure of derivative assets liabilities net position [Line Items]
Changes in fair value recognized in OCI	(20)	331
Changes in fair value	0	5
Derivative Financial Assets (Liabilities) Designated As Hedging Instruments | Foreign exchange swaps
Disclosure of derivative assets liabilities net position [Line Items]
Changes in fair value recognized in OCI	(128)	(56)
Changes in fair value	0	0
Derivative Financial Assets (Liabilities) Designated As Hedging Instruments | Investments in debt and equity securities
Disclosure of derivative assets liabilities net position [Line Items]
Changes in fair value recognized in OCI	8	(11)
Changes in fair value	0	0
Derivative Financial Assets (Liabilities) Designated As Hedging Instruments | Tax equity
Disclosure of derivative assets liabilities net position [Line Items]
Changes in fair value recognized in OCI	0	0
Changes in fair value	0	0
Derivative Financial Assets (Liabilities) Not Designated As Hedging Instruments
Disclosure of derivative assets liabilities net position [Line Items]
Changes in fair value	557	(48)
Amounts reclassified from OCI to income	(187)	169
Acquisitions, settlements and other	(1,039)	(137)
Foreign exchange gain (loss)	(5)	(11)
Derivative Financial Assets (Liabilities) Not Designated As Hedging Instruments | IFRS 9 PPAs
Disclosure of derivative assets liabilities net position [Line Items]
Changes in fair value	74	(216)
Amounts reclassified from OCI to income	13	22
Acquisitions, settlements and other	(217)	(364)
Foreign exchange gain (loss)	0	0
Derivative Financial Assets (Liabilities) Not Designated As Hedging Instruments | Energy derivative contracts
Disclosure of derivative assets liabilities net position [Line Items]
Changes in fair value	89	(134)
Amounts reclassified from OCI to income	(110)	142
Acquisitions, settlements and other	13	57
Foreign exchange gain (loss)	0	0
Derivative Financial Assets (Liabilities) Not Designated As Hedging Instruments | Interest rate swaps
Disclosure of derivative assets liabilities net position [Line Items]
Changes in fair value	33	85
Amounts reclassified from OCI to income	(90)	5
Acquisitions, settlements and other	(47)	18
Foreign exchange gain (loss)	(1)	(3)
Derivative Financial Assets (Liabilities) Not Designated As Hedging Instruments | Foreign exchange swaps
Disclosure of derivative assets liabilities net position [Line Items]
Changes in fair value	(1)	89
Amounts reclassified from OCI to income	0	0
Acquisitions, settlements and other	(103)	(103)
Foreign exchange gain (loss)	0	0
Derivative Financial Assets (Liabilities) Not Designated As Hedging Instruments | Investments in debt and equity securities
Disclosure of derivative assets liabilities net position [Line Items]
Changes in fair value	119	13
Amounts reclassified from OCI to income	0	0
Acquisitions, settlements and other	182	1,046
Foreign exchange gain (loss)	(4)	(8)
Derivative Financial Assets (Liabilities) Not Designated As Hedging Instruments | Tax equity
Disclosure of derivative assets liabilities net position [Line Items]
Changes in fair value	243	115
Amounts reclassified from OCI to income	0	0
Acquisitions, settlements and other	(867)	(791)
Foreign exchange gain (loss)	$ 0	$ 0

RISK MANAGEMENT AND FINANCIAL_9

RISK MANAGEMENT AND FINANCIAL INSTRUMENTS - Financial Instruments Disclosures Narrative (Details) € in Millions, £ in Millions, $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2023 CAD ($)	Dec. 31, 2023 EUR (€)	Dec. 31, 2023 GBP (£)	Dec. 31, 2023 COP ($)	Dec. 31, 2022 CAD ($)	Dec. 31, 2022 EUR (€)	Dec. 31, 2022 GBP (£)	Dec. 31, 2022 COP ($)
Energy derivative contracts
Disclosure of financial instruments by type of interest rate [line items]
Gains (losses) related to derivative contracts reclassified from OCI to revenues	$ 119,000,000	$ (146,000,000)	$ 25,000,000
Gain (loss) recorded in AOCI expected to be reclassed in the next twelve months in net income	49,000,000	(37,000,000)	(72,000,000)
Reclassification adjustments for amounts recognized in net income	119,000,000	146,000,000	37,000,000
Loss on hedge ineffectiveness	0	18,000,000	7,000,000
Interest rate swaps
Disclosure of financial instruments by type of interest rate [line items]
Gain (loss) recorded in AOCI expected to be reclassed in the next twelve months in net income	53,000,000	50,000,000	(41,000,000)
Reclassification adjustments for amounts recognized in net income	3,000,000	(2,000,000)	18,000,000
Notional amount	$ 1,633,000,000	$ 803,000,000		$ 326	€ 1,204	£ 312	$ 196	$ 349	€ 1,315	£ 296	$ 157
Derivative, average fixed interest rates	(1.00%)	2.90%		(1.00%)	(1.00%)	(1.00%)	(1.00%)	2.90%	2.90%	2.90%	2.90%
Change in value of hedged item used to determine hedge effectiveness	$ 0	$ 5,000,000	(17,000,000)
Interest rate swaps | Designated Hedging Instrument
Disclosure of financial instruments by type of interest rate [line items]
Notional amount	4,389,000,000	3,621,000,000
Interest rate swaps | Not Designated as Hedging Instrument
Disclosure of financial instruments by type of interest rate [line items]
Notional amount	718,000,000	701,000,000
Foreign exchange swaps
Disclosure of financial instruments by type of interest rate [line items]
Gain (loss) recorded in AOCI expected to be reclassed in the next twelve months in net income	0	0	$ 0
Notional amount	43,000,000	104,000,000
Foreign exchange swaps | Designated Hedging Instrument
Disclosure of financial instruments by type of interest rate [line items]
Notional amount	6,690,000,000	3,669,000,000
Foreign exchange swaps | Not Designated as Hedging Instrument
Disclosure of financial instruments by type of interest rate [line items]
Notional amount	$ 565,000,000	$ 1,804,000,000

RISK MANAGEMENT AND FINANCIA_10

RISK MANAGEMENT AND FINANCIAL INSTRUMENTS - Designated as Hedging Instruments (Details) € in Millions, £ in Millions, $ in Millions, $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2023 GW	Dec. 31, 2023 $ / MWh	Dec. 31, 2023 CAD ($)	Dec. 31, 2023 EUR (€)	Dec. 31, 2023 GBP (£)	Dec. 31, 2023 COP ($)	Dec. 31, 2023 $ / $	Dec. 31, 2023 € / $	Dec. 31, 2023 £ / $	Dec. 31, 2023 ¥ / $	Dec. 31, 2023 ₨ / $	Dec. 31, 2023 R$ / $	Dec. 31, 2022 GW	Dec. 31, 2022 $ / MWh	Dec. 31, 2022 CAD ($)	Dec. 31, 2022 EUR (€)	Dec. 31, 2022 GBP (£)	Dec. 31, 2022 COP ($)	Dec. 31, 2022 $ / $	Dec. 31, 2022 € / $	Dec. 31, 2022 £ / $	Dec. 31, 2022 ¥ / $	Dec. 31, 2022 ₨ / $	Dec. 31, 2022 R$ / $
Energy derivative contracts
Disclosure of financial instruments by type of interest rate [line items]
Carrying amount (asset/(liability))	$ 64	$ (116)
Notional amount – GWh (in gigawatts) | GW			26,083,000,000												13,674,000,000
Maturity dates	2024-2044	2023-2038
Hedge ratio	1:1	1:1
Weighted average hedged rate for the year (in currency per dollar) | $ / MWh				50												58
Change in discounted spot value of outstanding hedging instruments	$ 152	$ (90)
Change in value of hedged item used to determine hedge effectiveness	(118)	64
Interest rate swaps
Disclosure of financial instruments by type of interest rate [line items]
Carrying amount (asset/(liability))	148	269
Notional amount	$ 1,633	$ 803			$ 326	€ 1,204	£ 312	$ 196									$ 349	€ 1,315	£ 296	$ 157
Maturity dates	2024-2061	2023-2061
Hedge ratio	1:1	1:1
Change in discounted spot value of outstanding hedging instruments	$ (124)	$ 333
Change in value of hedged item used to determine hedge effectiveness	124	(328)
Foreign exchange swaps
Disclosure of financial instruments by type of interest rate [line items]
Carrying amount (asset/(liability))	(298)	(76)
Notional amount	$ 43	$ 104
Maturity dates	2024 - 2027	2023 - 2024
Hedge ratio	1:1	1:1
Weighted average hedged rate for the year (in currency per dollar)									4,642	0.99	0.80	6.92	86	5.37							5,038	0.99	0.83	7.05	83	5.69
Foreign exchange swaps | Colombia, Pesos
Disclosure of financial instruments by type of interest rate [line items]
Notional amount	$ 2,602	$ 601
Foreign exchange swaps | Euro Member Countries, Euro
Disclosure of financial instruments by type of interest rate [line items]
Notional amount	644	302
Foreign exchange swaps | United Kingdom, Pounds
Disclosure of financial instruments by type of interest rate [line items]
Notional amount	818	76
Foreign exchange swaps | China, Yuan Renminbi
Disclosure of financial instruments by type of interest rate [line items]
Notional amount	701	575
Foreign exchange swaps | India, Rupees
Disclosure of financial instruments by type of interest rate [line items]
Notional amount	710	128
Foreign exchange swaps | Brazil, Brazil Real
Disclosure of financial instruments by type of interest rate [line items]
Notional amount	$ 607	$ 79

RISK MANAGEMENT AND FINANCIA_11

RISK MANAGEMENT AND FINANCIAL INSTRUMENTS - Equity Reserves Impacted by Financial Instruments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of risk management strategy related to hedge accounting [line items]
Gains (losses) on change in fair value of derivatives	$ 502	$ (133)	$ (32)
Cash flow hedges
Disclosure of risk management strategy related to hedge accounting [line items]
Beginning balance	17	(48)
Amount reclassified to profit or loss	(28)	37
Foreign currency revaluation of designated borrowings	0	0
Foreign currency revaluation of net foreign operations	0	0
Valuation of investments in equity securities designated FVOCI		0
Tax effect	(4)	(29)
Other	1	(2)
Ending balance	36	17	(48)
Cash flow hedges | Energy derivative contracts
Disclosure of risk management strategy related to hedge accounting [line items]
Gains (losses) on change in fair value of derivatives	4	7
Cash flow hedges | Interest rate swaps
Disclosure of risk management strategy related to hedge accounting [line items]
Gains (losses) on change in fair value of derivatives	54	52
Cash flow hedges | Foreign exchange swaps
Disclosure of risk management strategy related to hedge accounting [line items]
Gains (losses) on change in fair value of derivatives	(8)	0
Investments in equity securities
Disclosure of risk management strategy related to hedge accounting [line items]
Beginning balance	1	4
Amount reclassified to profit or loss	0	0
Foreign currency revaluation of designated borrowings	0	0
Foreign currency revaluation of net foreign operations	0	0
Valuation of investments in equity securities designated FVOCI		(3)
Tax effect	0	0
Other	0	0
Ending balance	1	1	4
Investments in equity securities | Energy derivative contracts
Disclosure of risk management strategy related to hedge accounting [line items]
Gains (losses) on change in fair value of derivatives	0	0
Investments in equity securities | Interest rate swaps
Disclosure of risk management strategy related to hedge accounting [line items]
Gains (losses) on change in fair value of derivatives	0	0
Investments in equity securities | Foreign exchange swaps
Disclosure of risk management strategy related to hedge accounting [line items]
Gains (losses) on change in fair value of derivatives	0	0
Foreign currency translation
Disclosure of risk management strategy related to hedge accounting [line items]
Beginning balance	(845)	(842)
Amount reclassified to profit or loss	0	0
Foreign currency revaluation of designated borrowings	(77)	68
Foreign currency revaluation of net foreign operations	232	(74)
Valuation of investments in equity securities designated FVOCI		0
Tax effect	0	(5)
Other	(3)	(2)
Ending balance	(701)	(845)	$ (842)
Foreign currency translation | Energy derivative contracts
Disclosure of risk management strategy related to hedge accounting [line items]
Gains (losses) on change in fair value of derivatives	0	0
Foreign currency translation | Interest rate swaps
Disclosure of risk management strategy related to hedge accounting [line items]
Gains (losses) on change in fair value of derivatives	0	0
Foreign currency translation | Foreign exchange swaps
Disclosure of risk management strategy related to hedge accounting [line items]
Gains (losses) on change in fair value of derivatives	$ (8)	$ 10

SEGMENTED INFORMATION - FFO Rec

SEGMENTED INFORMATION - FFO Reconciliation (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of operating segments [line items]
Revenues		$ 5,038	$ 4,711	$ 4,096
Other income		671	136	304
Direct operating costs	[1]	(1,933)	(1,434)	(1,365)
Share of revenue, other income and direct operating costs from equity-accounted investments		205	128	142
Management service costs		(205)	(243)	(288)
Interest expense		(1,627)	(1,224)	(981)
Current		(128)	(148)	(43)
Preferred limited partners equity		(41)	(44)	(55)
Preferred equity		(27)	(26)	(26)
Perpetual subordinated notes		(29)	(29)	(12)
Share of interest and cash taxes from equity-accounted investments		(40)	(37)	(65)
Share of Funds From Operations attributable to non-controlling interests		(789)	(785)	(773)
Depreciation		(1,852)	(1,583)	(1,501)
Foreign exchange and financial instruments gain (loss)		502	(133)	(32)
Deferred income tax recovery		176	150	29
Other		(212)	(190)	(307)
Share of earnings from equity-accounted investments		21	5	(55)
Net income attributable to non-controlling interests		170	451
Net income (loss) attributable to Unitholders		(100)	(295)	(368)
Share of net income		186	96	22
Net income attributable to participating non-controlling interests		619	334	209
Hydroelectric
Disclosure of operating segments [line items]
Revenues		2,689	2,527	2,150
Wind
Disclosure of operating segments [line items]
Revenues		1,213	1,146	1,074
Utility-scale solar
Disclosure of operating segments [line items]
Revenues		751	700	563
Distributed energy & storage
Disclosure of operating segments [line items]
Revenues		350	298	267
Sustainable solutions
Disclosure of operating segments [line items]
Revenues		35	40	42
Attributable to Unitholders
Disclosure of operating segments [line items]
Revenues		2,826	2,636	2,415
Other income		412	292	301
Direct operating costs		(1,056)	(926)	(840)
Share of revenue, other income and direct operating costs from equity-accounted investments		0	0	0
Adjusted EBITDA		2,182	2,002	1,876
Management service costs		(205)	(243)	(288)
Interest expense		(745)	(596)	(539)
Current		(40)	(59)	(22)
Preferred limited partners equity		(41)	(44)	(55)
Preferred equity		(27)	(26)	(26)
Perpetual subordinated notes		(29)	(29)	(12)
Share of interest and cash taxes from equity-accounted investments		0	0	0
Share of Funds From Operations attributable to non-controlling interests		0	0	0
Funds From Operations		1,095	1,005	934
Attributable to Unitholders | Hydroelectric | North America
Disclosure of operating segments [line items]
Revenues		1,029	964	876
Other income		22	15	42
Direct operating costs		(381)	(376)	(349)
Share of revenue, other income and direct operating costs from equity-accounted investments		0	0	0
Adjusted EBITDA		670	603	569
Management service costs		0	0	0
Interest expense		(266)	(185)	(158)
Current		(2)	(6)	(2)
Preferred limited partners equity		0	0	0
Preferred equity		0	0	0
Perpetual subordinated notes		0	0	0
Share of interest and cash taxes from equity-accounted investments		0	0	0
Share of Funds From Operations attributable to non-controlling interests		0	0	0
Funds From Operations		402	412	409
Attributable to Unitholders | Hydroelectric | Brazil
Disclosure of operating segments [line items]
Revenues		240	197	169
Other income		5	22	36
Direct operating costs		(73)	(52)	(50)
Share of revenue, other income and direct operating costs from equity-accounted investments		0	0	0
Adjusted EBITDA		172	167	155
Management service costs		0	0	0
Interest expense		(19)	(20)	(20)
Current		(7)	(9)	(4)
Preferred limited partners equity		0	0	0
Preferred equity		0	0	0
Perpetual subordinated notes		0	0	0
Share of interest and cash taxes from equity-accounted investments		0	0	0
Share of Funds From Operations attributable to non-controlling interests		0	0	0
Funds From Operations		146	138	131
Attributable to Unitholders | Hydroelectric | Colombia
Disclosure of operating segments [line items]
Revenues		293	273	224
Other income		6	10	14
Direct operating costs		(124)	(82)	(79)
Share of revenue, other income and direct operating costs from equity-accounted investments		0	0	0
Adjusted EBITDA		175	201	159
Management service costs		0	0	0
Interest expense		(82)	(57)	(28)
Current		(17)	(27)	(3)
Preferred limited partners equity		0	0	0
Preferred equity		0	0	0
Perpetual subordinated notes		0	0	0
Share of interest and cash taxes from equity-accounted investments		0	0	0
Share of Funds From Operations attributable to non-controlling interests		0	0	0
Funds From Operations		76	117	128
Attributable to Unitholders | Wind
Disclosure of operating segments [line items]
Revenues		511	538	556
Other income		146	56	126
Direct operating costs		(164)	(164)	(171)
Share of revenue, other income and direct operating costs from equity-accounted investments		0	0	0
Adjusted EBITDA		493	430	511
Management service costs		0	0	0
Interest expense		(105)	(96)	(106)
Current		(6)	(8)	(9)
Preferred limited partners equity		0	0	0
Preferred equity		0	0	0
Perpetual subordinated notes		0	0	0
Share of interest and cash taxes from equity-accounted investments		0	0	0
Share of Funds From Operations attributable to non-controlling interests		0	0	0
Funds From Operations		382	326	396
Attributable to Unitholders | Utility-scale solar
Disclosure of operating segments [line items]
Revenues		365	374	348
Other income		106	90	39
Direct operating costs		(99)	(102)	(89)
Share of revenue, other income and direct operating costs from equity-accounted investments		0	0	0
Adjusted EBITDA		372	362	298
Management service costs		0	0	0
Interest expense		(110)	(102)	(111)
Current		(1)	(7)	(2)
Preferred limited partners equity		0	0	0
Preferred equity		0	0	0
Perpetual subordinated notes		0	0	0
Share of interest and cash taxes from equity-accounted investments		0	0	0
Share of Funds From Operations attributable to non-controlling interests		0	0	0
Funds From Operations		261	253	185
Attributable to Unitholders | Distributed energy & storage
Disclosure of operating segments [line items]
Revenues		241	242	215
Other income		20	23	0
Direct operating costs		(81)	(76)	(55)
Share of revenue, other income and direct operating costs from equity-accounted investments		0	0	0
Adjusted EBITDA		180	189	160
Management service costs		0	0	0
Interest expense		(43)	(40)	(30)
Current		(4)	(1)	(2)
Preferred limited partners equity		0	0	0
Preferred equity		0	0	0
Perpetual subordinated notes		0	0	0
Share of interest and cash taxes from equity-accounted investments		0	0	0
Share of Funds From Operations attributable to non-controlling interests		0	0	0
Funds From Operations		133	148	128
Attributable to Unitholders | Sustainable solutions
Disclosure of operating segments [line items]
Revenues		147	48	27
Other income		19	3	3
Direct operating costs		(105)	(43)	(17)
Share of revenue, other income and direct operating costs from equity-accounted investments		0	0	0
Adjusted EBITDA		61	8	13
Management service costs		0	0	0
Interest expense		(6)	(2)	(8)
Current		(3)	0	0
Preferred limited partners equity		0	0	0
Preferred equity		0	0	0
Perpetual subordinated notes		0	0	0
Share of interest and cash taxes from equity-accounted investments		0	0	0
Share of Funds From Operations attributable to non-controlling interests		0	0	0
Funds From Operations		52	6	5
Attributable to Unitholders | Corporate
Disclosure of operating segments [line items]
Revenues		0	0	0
Other income		88	73	41
Direct operating costs		(29)	(31)	(30)
Share of revenue, other income and direct operating costs from equity-accounted investments		0	0	0
Adjusted EBITDA		59	42	11
Management service costs		(205)	(243)	(288)
Interest expense		(114)	(94)	(78)
Current		0	(1)	0
Preferred limited partners equity		(41)	(44)	(55)
Preferred equity		(27)	(26)	(26)
Perpetual subordinated notes		(29)	(29)	(12)
Share of interest and cash taxes from equity-accounted investments		0	0	0
Share of Funds From Operations attributable to non-controlling interests		0	0	0
Funds From Operations		(357)	(395)	(448)
Contribution from equity-accounted investments
Disclosure of operating segments [line items]
Revenues		(234)	(188)	(163)
Other income		(81)	(19)	(11)
Direct operating costs		110	86	75
Share of revenue, other income and direct operating costs from equity-accounted investments		205	121	99
Adjusted EBITDA		0	0	0
Management service costs		0	0	0
Interest expense		33	19	29
Current		7	10	3
Preferred limited partners equity		0	0	0
Preferred equity		0	0	0
Perpetual subordinated notes		0	0	0
Share of interest and cash taxes from equity-accounted investments		(40)	(29)	(32)
Share of Funds From Operations attributable to non-controlling interests		0	0	0
Funds From Operations		0	0	0
Attributable to non-controlling interests
Disclosure of operating segments [line items]
Revenues		2,446	2,263	1,844
Other income		340	(137)	14
Direct operating costs		(987)	(594)	(600)
Share of revenue, other income and direct operating costs from equity-accounted investments		0	7	43
Adjusted EBITDA		1,799	1,539	1,301
Management service costs		0	0	0
Interest expense		(915)	(647)	(471)
Current		(95)	(99)	(24)
Preferred limited partners equity		0	0	0
Preferred equity		0	0	0
Perpetual subordinated notes		0	0	0
Share of interest and cash taxes from equity-accounted investments		0	(8)	(33)
Share of Funds From Operations attributable to non-controlling interests		(789)	(785)	(773)
Funds From Operations		$ 0	$ 0	0
Net income attributable to non-controlling interests				$ 564
[1] Direct operating costs exclude depreciation expense disclosed below.

SEGMENTED INFORMATION - Balance

SEGMENTED INFORMATION - Balance Sheet (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of operating segments [line items]
Cash and cash equivalents	$ 1,141	$ 998	$ 900	$ 607
Property, plant and equipment, at fair value	64,005	54,283
Total assets	76,128	64,111
Total Liabilities	46,149	37,825
Attributable to Unitholders
Disclosure of operating segments [line items]
Cash and cash equivalents	540	445
Property, plant and equipment, at fair value	31,704	29,136
Total assets	36,720	33,347
Total Liabilities	25,608	21,818
Contribution from equity-accounted investments
Disclosure of operating segments [line items]
Cash and cash equivalents	(85)	(43)
Property, plant and equipment, at fair value	(1,578)	(1,165)
Total assets	(1,529)	(587)
Total Liabilities	(1,529)	(577)
Attributable to non-controlling interests
Disclosure of operating segments [line items]
Cash and cash equivalents	686	596
Property, plant and equipment, at fair value	33,879	26,312
Total assets	40,937	31,351
Total Liabilities	22,070	16,584
Hydroelectric
Disclosure of operating segments [line items]
Property, plant and equipment, at fair value	32,946	31,467
Hydroelectric | North America | Attributable to Unitholders
Disclosure of operating segments [line items]
Cash and cash equivalents	77	55
Property, plant and equipment, at fair value	15,134	15,331
Total assets	16,143	16,971
Total Liabilities	9,231	9,456
Hydroelectric | Brazil | Attributable to Unitholders
Disclosure of operating segments [line items]
Cash and cash equivalents	20	15
Property, plant and equipment, at fair value	1,694	1,743
Total assets	1,880	1,880
Total Liabilities	531	892
Hydroelectric | Colombia | Attributable to Unitholders
Disclosure of operating segments [line items]
Cash and cash equivalents	12	14
Property, plant and equipment, at fair value	2,490	1,826
Total assets	2,738	2,036
Total Liabilities	1,645	625
Wind
Disclosure of operating segments [line items]
Property, plant and equipment, at fair value	16,841	12,434
Wind | Attributable to Unitholders
Disclosure of operating segments [line items]
Cash and cash equivalents	225	150
Property, plant and equipment, at fair value	6,024	4,853
Total assets	6,802	5,565
Total Liabilities	4,727	3,709
Solar
Disclosure of operating segments [line items]
Property, plant and equipment, at fair value	14,009	10,136
Solar | Attributable to Unitholders
Disclosure of operating segments [line items]
Cash and cash equivalents	123	139
Property, plant and equipment, at fair value	3,635	3,046
Total assets	4,518	3,520
Total Liabilities	3,484	2,874
Distributed energy & storage | Attributable to Unitholders
Disclosure of operating segments [line items]
Cash and cash equivalents	50	61
Property, plant and equipment, at fair value	2,386	2,110
Total assets	2,842	2,416
Total Liabilities	1,705	1,322
Sustainable solutions | Attributable to Unitholders
Disclosure of operating segments [line items]
Cash and cash equivalents	30	11
Property, plant and equipment, at fair value	341	227
Total assets	1,540	378
Total Liabilities	1,126	113
Corporate | Attributable to Unitholders
Disclosure of operating segments [line items]
Cash and cash equivalents	3	0
Property, plant and equipment, at fair value	0	0
Total assets	257	581
Total Liabilities	$ 3,159	$ 2,827

SEGMENTED INFORMATION - Geograp

SEGMENTED INFORMATION - Geographical Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of operating segments [line items]
Revenues	$ 5,038	$ 4,711	$ 4,096
Consolidated property, plant and equipment and equity-accounted investments	66,551	55,675
Hydroelectric
Disclosure of operating segments [line items]
Revenues	2,689	2,527	2,150
Wind
Disclosure of operating segments [line items]
Revenues	1,213	1,146	1,074
Solar
Disclosure of operating segments [line items]
Revenues	751	700	563
Sustainable solutions
Disclosure of operating segments [line items]
Revenues	35	40	42
Distributed energy & storage
Disclosure of operating segments [line items]
Revenues	350	298	267
North America | Hydroelectric
Disclosure of operating segments [line items]
Revenues	1,135	1,211	1,044
Brazil
Disclosure of operating segments [line items]
Consolidated property, plant and equipment and equity-accounted investments	5,622	4,754
Brazil | Hydroelectric
Disclosure of operating segments [line items]
Revenues	269	181	177
Colombia
Disclosure of operating segments [line items]
Consolidated property, plant and equipment and equity-accounted investments	10,585	8,264
Colombia | Hydroelectric
Disclosure of operating segments [line items]
Revenues	1,285	1,135	$ 929
United States
Disclosure of operating segments [line items]
Consolidated property, plant and equipment and equity-accounted investments	34,303	29,056
Canada
Disclosure of operating segments [line items]
Consolidated property, plant and equipment and equity-accounted investments	7,483	7,560
Europe
Disclosure of operating segments [line items]
Consolidated property, plant and equipment and equity-accounted investments	5,046	3,963
Asia
Disclosure of operating segments [line items]
Consolidated property, plant and equipment and equity-accounted investments	3,320	1,932
Other
Disclosure of operating segments [line items]
Consolidated property, plant and equipment and equity-accounted investments	$ 192	$ 146

OTHER INCOME (Details)

OTHER INCOME (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Other income [abstract]
Interest and other investment income	$ 107	$ 68	$ 59
Gain on regulatory and contract settlement	22	43	35
Gain on disposition of non core assets and development assets	72	0	202
Other	470	25	8
Other income, net	671	$ 136	$ 304
Gain on bargain purchase	$ 370

DIRECT OPERATING COSTS (Details

DIRECT OPERATING COSTS (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure Direct Operating Costs [Abstract]
Fuel and power purchases		$ (574)	$ (400)	$ (390)
Salaries and benefits		(464)	(325)	(293)
Operations and maintenance		(347)	(309)	(285)
Water royalties, property taxes and other regulatory fees		(238)	(205)	(201)
Insurance		(72)	(71)	(68)
Professional fees		(122)	(59)	(56)
Other related party services		(5)	(1)	(8)
Other		(111)	(64)	(64)
Direct operating costs, net	[1]	(1,933)	(1,434)	(1,365)
Insurance services		0	0	(26)
Cost to acquire energy to cover contractual obligations				80
Depreciation		$ 1,852	$ 1,583	$ 1,501
[1] Direct operating costs exclude depreciation expense disclosed below.

OTHER (Details)

OTHER (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure Other [Abstract]
Change in fair value of property, plant and equipment	$ (164)	$ (61)	$ (63)
Amortization of service concession assets	(11)	(15)	(14)
Transaction costs	(5)	(2)	(8)
Legal provisions	0	(6)	(58)
Other	(32)	(106)	(164)
Nonoperating Income (Expense), Total	$ (212)	$ (190)	$ (307)

FOREIGN CURRENCY TRANSLATION (D

FOREIGN CURRENCY TRANSLATION (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Foreign currency translation on
Property, plant and equipment, at fair value	$ 2,798	$ (2,011)	$ (1,510)
Goodwill	150	(131)	(121)
Borrowings	(818)	975	436
Deferred income tax liabilities and assets	(698)	526	318
Other assets and liabilities	(115)	(6)	18
Foreign currency translation, net	$ 1,317	$ (647)	$ (859)

INCOME TAXES - Components of Ta

INCOME TAXES - Components of Tax PL (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Current taxes
Attributed to the current period	$ (128)	$ (148)	$ (43)
Deferred taxes
Income taxes – origination and reversal of temporary differences	193	125	160
Relating to change in tax rates / imposition of new tax laws	0	10	(147)
Relating to unrecognized temporary differences and tax losses	(17)	15	16
Deferred taxes, net	176	150	29
Total income tax recovery (expense)	$ 48	$ 2	$ (14)

INCOME TAXES - Components of _2

INCOME TAXES - Components of Tax OCI (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Deferred income taxes attributed to:
Financial instruments designated as cash flow hedges	$ (15)	$ (75)	$ 3
Other	5	(17)	(13)
Revaluation surplus
Origination and reversal of temporary differences	77	(881)	(1,003)
Relating to changes in tax rates / imposition of new tax laws	1	34	(159)
Total deferred income taxes	$ 68	$ (939)	$ (1,172)

INCOME TAXES - Expense Reconcil

INCOME TAXES - Expense Reconciliation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Effective income tax [abstract]
Statutory income tax recovery (expense)	$ (165)	$ (38)	$ 14
Reduction (increase) resulting from:
Decrease in tax assets not recognized	(11)	(10)	(5)
Differences between statutory rate and future tax rate and tax rate changes	0	10	(147)
Non-controlling interest	98	20	2
Subsidiaries’ income taxed at different rates	125	29	127
Other	1	(9)	(5)
Total income tax recovery (expense)	$ 48	$ 2	$ (14)
Effective income tax rate	(8.50%)	(1.50%)	(26.90%)

INCOME TAXES - Unrecognized Def

INCOME TAXES - Unrecognized Deferred Tax (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Less than four years
Disclosure of deductible temporary differences for which no deferred tax asset is recognised [line items]
Unrecognized deferred tax assets	$ 12	$ 9	$ 5
Thereafter
Disclosure of deductible temporary differences for which no deferred tax asset is recognised [line items]
Unrecognized deferred tax assets	$ 166	$ 144	$ 138

INCOME TAXES - Reconciliation N

INCOME TAXES - Reconciliation Net Liabilities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of changes in deferred tax liability (asset) [abstract]
Recognized in net income	$ (176)	$ (150)	$ (29)
Foreign exchange	(698)	526	318
Deferred tax liability related to property, plant and equipment revaluations	6,885	6,914	6,082
The taxable temporary difference attributable to Brookfield Renewables interest in its subsidiaries	5,203	6,028	5,856
Non-capital losses
Reconciliation of changes in deferred tax liability (asset) [abstract]
Balance, beginning of year	1,273	1,149	1,140
Recognized in net income	101	132	23
Recognized in equity	0	0	8
Business combination	78	0	(28)
Foreign exchange	6	(8)	6
Balance, end of year	1,458	1,273	1,149
Difference between tax and carrying value
Reconciliation of changes in deferred tax liability (asset) [abstract]
Balance, beginning of year	(7,604)	(7,167)	(6,450)
Recognized in net income	75	18	6
Recognized in equity	113	(947)	(1,068)
Business combination	(268)	(42)	33
Foreign exchange	(704)	534	312
Balance, end of year	(8,388)	(7,604)	(7,167)
Net deferred tax (liabilities) assets
Reconciliation of changes in deferred tax liability (asset) [abstract]
Balance, beginning of year	(6,331)	(6,018)	(5,310)
Recognized in net income	176	150	29
Recognized in equity	113	(947)	(1,060)
Business combination	(190)	(42)	5
Foreign exchange	(698)	526	318
Balance, end of year	$ (6,930)	$ (6,331)	$ (6,018)

PROPERTY, PLANT AND EQUIPMENT_3

PROPERTY, PLANT AND EQUIPMENT, AT FAIR VALUE - Continuity (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	$ 50,951	$ 48,205
Additions, net		(261)
Additions, net	459
Transfer from construction work-in-progress	1,941	2,172
Disposals	(35)	(97)
Transfer to assets held for sale		677
Acquisitions through business combinations	5,157	1,913
Items recognized through OCI:
Change in fair value	(107)	3,315
Foreign exchange	2,735	(1,996)
Items recognized through net income:
Change in fair value	(160)	(40)
Depreciation	(1,852)	(1,583)
Ending balance	59,089	50,951
Reconciliation of changes in construction in progress [Abstract]
Construction in progress, beginning balance	3,332	1,227
Additions	2,704	2,696
Transfer to property, plant and equipment	(1,941)	(2,172)
Acquisitions through business combinations	795	1,174
Transfer to assets held for sale		8
Items recognized through OCI:
Change in fair value	20	430
Foreign exchange	63	(15)
Items recognized through net income:
Change in fair value	(57)
Construction in progress, ending balance	4,916	3,332
Total property, plant and equipment, at fair value	64,005	54,283
Fair value changes to decommissioning assets	0	255
Hydroelectric
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	31,168	31,513
Additions, net		5
Additions, net	5
Transfer from construction work-in-progress	154	183
Disposals	0	(97)
Transfer to assets held for sale		677
Acquisitions through business combinations	0	0
Items recognized through OCI:
Change in fair value	(466)	2,490
Foreign exchange	2,435	(1,634)
Items recognized through net income:
Change in fair value	(7)	(2)
Depreciation	(643)	(613)
Ending balance	32,646	31,168
Reconciliation of changes in construction in progress [Abstract]
Construction in progress, beginning balance	299	278
Additions	159	209
Transfer to property, plant and equipment	(154)	(183)
Acquisitions through business combinations	0	0
Transfer to assets held for sale		8
Items recognized through OCI:
Change in fair value	0	0
Foreign exchange	(3)	3
Items recognized through net income:
Change in fair value	(1)
Construction in progress, ending balance	300	299
Total property, plant and equipment, at fair value	32,946	31,467
Right-of-use assets, not subject to revaluation	60	64
Wind
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	11,302	9,115
Additions, net		(194)
Additions, net	60
Transfer from construction work-in-progress	934	911
Disposals	0	0
Transfer to assets held for sale		0
Acquisitions through business combinations	3,177	1,418
Items recognized through OCI:
Change in fair value	367	779
Foreign exchange	113	(178)
Items recognized through net income:
Change in fair value	(13)	8
Depreciation	(716)	(557)
Ending balance	15,224	11,302
Reconciliation of changes in construction in progress [Abstract]
Construction in progress, beginning balance	1,132	295
Additions	1,026	1,155
Transfer to property, plant and equipment	(934)	(911)
Acquisitions through business combinations	449	347
Transfer to assets held for sale		0
Items recognized through OCI:
Change in fair value	(60)	269
Foreign exchange	28	(23)
Items recognized through net income:
Change in fair value	(24)
Construction in progress, ending balance	1,617	1,132
Total property, plant and equipment, at fair value	16,841	12,434
Right-of-use assets, not subject to revaluation	284	242
Solar
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	8,239	7,389
Additions, net		(65)
Additions, net	394
Transfer from construction work-in-progress	851	1,071
Disposals	(30)	0
Transfer to assets held for sale		0
Acquisitions through business combinations	1,980	495
Items recognized through OCI:
Change in fair value	28	(31)
Foreign exchange	178	(191)
Items recognized through net income:
Change in fair value	(164)	(44)
Depreciation	(454)	(385)
Ending balance	11,022	8,239
Reconciliation of changes in construction in progress [Abstract]
Construction in progress, beginning balance	1,897	649
Additions	1,509	1,325
Transfer to property, plant and equipment	(851)	(1,071)
Acquisitions through business combinations	346	827
Transfer to assets held for sale		0
Items recognized through OCI:
Change in fair value	80	161
Foreign exchange	38	6
Items recognized through net income:
Change in fair value	(32)
Construction in progress, ending balance	2,987	1,897
Total property, plant and equipment, at fair value	14,009	10,136
Right-of-use assets, not subject to revaluation	385	215
Other
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	242	188
Additions, net		(7)
Additions, net	0
Transfer from construction work-in-progress	2	7
Disposals	(5)	0
Transfer to assets held for sale		0
Acquisitions through business combinations	0	0
Items recognized through OCI:
Change in fair value	(36)	77
Foreign exchange	9	7
Items recognized through net income:
Change in fair value	24	(2)
Depreciation	(39)	(28)
Ending balance	197	242
Reconciliation of changes in construction in progress [Abstract]
Construction in progress, beginning balance	4	5
Additions	10	7
Transfer to property, plant and equipment	(2)	(7)
Acquisitions through business combinations	0	0
Transfer to assets held for sale		0
Items recognized through OCI:
Change in fair value	0	0
Foreign exchange	0	(1)
Items recognized through net income:
Change in fair value	0
Construction in progress, ending balance	12	4
Total property, plant and equipment, at fair value	209	246
Right-of-use assets, not subject to revaluation	$ 0	$ 0

PROPERTY, PLANT AND EQUIPMENT_4

PROPERTY, PLANT AND EQUIPMENT, AT FAIR VALUE - Narrative (Details) - Brookfield Renewable and Institutional Partners $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) MW
48 MW Wind Asset In China
Disclosure of detailed information about property, plant and equipment [line items]
Acquisitions through asset acquisitions | $	$ 53
Economic interest held	25%
Wind power capacity | MW	48
48MW U.S. Distributed Generation Portfolio
Disclosure of detailed information about property, plant and equipment [line items]
Wind power capacity, generation facilities (in MW) | MW	99
Acquisitions through asset acquisitions | $	$ 156
Economic interest held	25%
50 MW Wind Asset In China
Disclosure of detailed information about property, plant and equipment [line items]
Acquisitions through asset acquisitions | $	$ 68
Economic interest held	20%
Wind power capacity | MW	50
34 MW U.S. Distributed Generation Portfolio
Disclosure of detailed information about property, plant and equipment [line items]
Acquisitions through asset acquisitions | $	$ 86
Economic interest held	20%
Power Capacity | MW	82
60 MW Colombia Solar Facility
Disclosure of detailed information about property, plant and equipment [line items]
Acquisitions through asset acquisitions | $	$ 71
Economic interest held	23%
Solar power capacity | MW	60

PROPERTY, PLANT AND EQUIPMENT_5

PROPERTY, PLANT AND EQUIPMENT, AT FAIR VALUE - Rates (Details)	Dec. 31, 2023	Dec. 31, 2022
North America
Disclosure of detailed information about property, plant and equipment [line items]
Terminal capitalization rate	4.30%	4.90%
North America | Bottom of range
Disclosure of detailed information about property, plant and equipment [line items]
Terminal capitalization rate	4.40%
North America | Top of range
Disclosure of detailed information about property, plant and equipment [line items]
Terminal capitalization rate	5%
North America | Contracted
Disclosure of detailed information about property, plant and equipment [line items]
Discount rate	4.90%	5.40%
North America | Contracted | Bottom of range
Disclosure of detailed information about property, plant and equipment [line items]
Discount rate	5.10%
North America | Contracted | Top of range
Disclosure of detailed information about property, plant and equipment [line items]
Discount rate	5.70%
North America | Uncontracted
Disclosure of detailed information about property, plant and equipment [line items]
Discount rate	6.20%	6.70%
North America | Uncontracted | Bottom of range
Disclosure of detailed information about property, plant and equipment [line items]
Discount rate	6.30%
North America | Uncontracted | Top of range
Disclosure of detailed information about property, plant and equipment [line items]
Discount rate	7%
Colombia
Disclosure of detailed information about property, plant and equipment [line items]
Terminal capitalization rate	8%	7.70%
Colombia | Contracted
Disclosure of detailed information about property, plant and equipment [line items]
Discount rate	8.70%	8.50%
Colombia | Uncontracted
Disclosure of detailed information about property, plant and equipment [line items]
Discount rate	10%	9.70%
Brazil | Contracted
Disclosure of detailed information about property, plant and equipment [line items]
Discount rate	8.40%	8.20%
Brazil | Uncontracted
Disclosure of detailed information about property, plant and equipment [line items]
Discount rate	9.70%	9.50%
Europe | Contracted
Disclosure of detailed information about property, plant and equipment [line items]
Discount rate	4.80%	4.40%
Europe | Uncontracted
Disclosure of detailed information about property, plant and equipment [line items]
Discount rate	4.80%	4.40%

PROPERTY, PLANT AND EQUIPMENT_6

PROPERTY, PLANT AND EQUIPMENT, AT FAIR VALUE - Sensitivity (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about property, plant and equipment [line items]
Revaluation increase (decrease), property, plant and equipment	$ (107)	$ 3,315
25 bps increase in discount rates | Discount rate
Disclosure of detailed information about property, plant and equipment [line items]
Revaluation increase (decrease), property, plant and equipment	(1,900)	(2,000)
25 bps increase in discount rates | Terminal capitalization rate
Disclosure of detailed information about property, plant and equipment [line items]
Revaluation increase (decrease), property, plant and equipment	(530)	(560)
25 bps decrease in discount rates | Discount rate
Disclosure of detailed information about property, plant and equipment [line items]
Revaluation increase (decrease), property, plant and equipment	2,100	2,070
25 bps decrease in discount rates | Terminal capitalization rate
Disclosure of detailed information about property, plant and equipment [line items]
Revaluation increase (decrease), property, plant and equipment	590	620
5% increase in future energy prices | Future electricity prices
Disclosure of detailed information about property, plant and equipment [line items]
Revaluation increase (decrease), property, plant and equipment	2,030	1,840
5% decrease in future energy prices | Future electricity prices
Disclosure of detailed information about property, plant and equipment [line items]
Revaluation increase (decrease), property, plant and equipment	(2,020)	(1,830)
North America | 25 bps increase in discount rates | Discount rate
Disclosure of detailed information about property, plant and equipment [line items]
Revaluation increase (decrease), property, plant and equipment	(1,400)	(1,530)
North America | 25 bps increase in discount rates | Terminal capitalization rate
Disclosure of detailed information about property, plant and equipment [line items]
Revaluation increase (decrease), property, plant and equipment	(450)	(490)
North America | 25 bps decrease in discount rates | Discount rate
Disclosure of detailed information about property, plant and equipment [line items]
Revaluation increase (decrease), property, plant and equipment	1,550	1,650
North America | 25 bps decrease in discount rates | Terminal capitalization rate
Disclosure of detailed information about property, plant and equipment [line items]
Revaluation increase (decrease), property, plant and equipment	500	540
North America | 5% increase in future energy prices | Future electricity prices
Disclosure of detailed information about property, plant and equipment [line items]
Revaluation increase (decrease), property, plant and equipment	1,350	1,280
North America | 5% decrease in future energy prices | Future electricity prices
Disclosure of detailed information about property, plant and equipment [line items]
Revaluation increase (decrease), property, plant and equipment	(1,340)	(1,270)
Colombia | 25 bps increase in discount rates | Discount rate
Disclosure of detailed information about property, plant and equipment [line items]
Revaluation increase (decrease), property, plant and equipment	(340)	(310)
Colombia | 25 bps increase in discount rates | Terminal capitalization rate
Disclosure of detailed information about property, plant and equipment [line items]
Revaluation increase (decrease), property, plant and equipment	(80)	(70)
Colombia | 25 bps decrease in discount rates | Discount rate
Disclosure of detailed information about property, plant and equipment [line items]
Revaluation increase (decrease), property, plant and equipment	380	260
Colombia | 25 bps decrease in discount rates | Terminal capitalization rate
Disclosure of detailed information about property, plant and equipment [line items]
Revaluation increase (decrease), property, plant and equipment	90	80
Colombia | 5% increase in future energy prices | Future electricity prices
Disclosure of detailed information about property, plant and equipment [line items]
Revaluation increase (decrease), property, plant and equipment	540	440
Colombia | 5% decrease in future energy prices | Future electricity prices
Disclosure of detailed information about property, plant and equipment [line items]
Revaluation increase (decrease), property, plant and equipment	$ (540)	$ (440)
Brazil | Concession asset
Disclosure of detailed information about property, plant and equipment [line items]
One time lease renewal term	30 years
Estimated service lives	34 years	35 years
Brazil | 25 bps increase in discount rates | Discount rate
Disclosure of detailed information about property, plant and equipment [line items]
Revaluation increase (decrease), property, plant and equipment	$ (120)	$ (110)
Brazil | 25 bps increase in discount rates | Terminal capitalization rate
Disclosure of detailed information about property, plant and equipment [line items]
Revaluation increase (decrease), property, plant and equipment	0	0
Brazil | 25 bps decrease in discount rates | Discount rate
Disclosure of detailed information about property, plant and equipment [line items]
Revaluation increase (decrease), property, plant and equipment	130	110
Brazil | 25 bps decrease in discount rates | Terminal capitalization rate
Disclosure of detailed information about property, plant and equipment [line items]
Revaluation increase (decrease), property, plant and equipment	0	0
Brazil | 5% increase in future energy prices | Future electricity prices
Disclosure of detailed information about property, plant and equipment [line items]
Revaluation increase (decrease), property, plant and equipment	140	120
Brazil | 5% decrease in future energy prices | Future electricity prices
Disclosure of detailed information about property, plant and equipment [line items]
Revaluation increase (decrease), property, plant and equipment	(140)	(120)
Europe | 25 bps increase in discount rates | Discount rate
Disclosure of detailed information about property, plant and equipment [line items]
Revaluation increase (decrease), property, plant and equipment	(40)	(50)
Europe | 25 bps increase in discount rates | Terminal capitalization rate
Disclosure of detailed information about property, plant and equipment [line items]
Revaluation increase (decrease), property, plant and equipment	0	0
Europe | 25 bps decrease in discount rates | Discount rate
Disclosure of detailed information about property, plant and equipment [line items]
Revaluation increase (decrease), property, plant and equipment	40	50
Europe | 25 bps decrease in discount rates | Terminal capitalization rate
Disclosure of detailed information about property, plant and equipment [line items]
Revaluation increase (decrease), property, plant and equipment	0	0
Europe | 5% increase in future energy prices | Future electricity prices
Disclosure of detailed information about property, plant and equipment [line items]
Revaluation increase (decrease), property, plant and equipment	0	0
Europe | 5% decrease in future energy prices | Future electricity prices
Disclosure of detailed information about property, plant and equipment [line items]
Revaluation increase (decrease), property, plant and equipment	$ 0	$ 0

PROPERTY, PLANT AND EQUIPMENT_7

PROPERTY, PLANT AND EQUIPMENT, AT FAIR VALUE - Prices and Generation (Details) $ / MWh in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) € / MWh $ / MWh R$ / MWh $ / MWh	Dec. 31, 2022 USD ($)
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Revaluation increase (decrease), property, plant and equipment | $	$ (107)	$ 3,315
Brookfield Renewable
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Revaluation increase (decrease), property, plant and equipment | $	$ 153	$ 140
North America | 1 - 5 years | Contracted
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Percentage of total generation contracted	75%
North America | 1 - 10 years
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Power prices from long-term power purchase agreements	77
Estimates of future electricity prices	92
North America | 6 - 10 years | Contracted
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Percentage of total generation contracted	57%
North America | Thereafter | Contracted
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Percentage of total generation contracted	30%
North America | 11 - 20 years
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Power prices from long-term power purchase agreements	74
Estimates of future electricity prices	117
Colombia | 1 - 5 years | Contracted
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Percentage of total generation contracted	61%
Colombia | 1 - 10 years
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Power prices from long-term power purchase agreements	294
Estimates of future electricity prices	412
Colombia | 6 - 10 years | Contracted
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Percentage of total generation contracted	29%
Colombia | Thereafter | Contracted
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Percentage of total generation contracted	3%
Colombia | 11 - 20 years
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Power prices from long-term power purchase agreements	357
Estimates of future electricity prices	600
Brazil | 1 - 5 years | Contracted
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Percentage of total generation contracted	81%
Brazil | 1 - 10 years
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Power prices from long-term power purchase agreements | R$ / MWh	313
Estimates of future electricity prices | R$ / MWh	279
Brazil | 6 - 10 years | Contracted
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Percentage of total generation contracted	70%
Brazil | Thereafter | Contracted
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Percentage of total generation contracted	40%
Brazil | 11 - 20 years
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Power prices from long-term power purchase agreements | R$ / MWh	381
Estimates of future electricity prices | R$ / MWh	424
Europe | 1 - 5 years | Contracted
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Percentage of total generation contracted	100%
Europe | 1 - 10 years
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Power prices from long-term power purchase agreements | € / MWh	73
Estimates of future electricity prices | € / MWh	62
Europe | 6 - 10 years | Contracted
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Percentage of total generation contracted	76%
Europe | Thereafter | Contracted
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Percentage of total generation contracted	47%
Europe | 11 - 20 years
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Power prices from long-term power purchase agreements | € / MWh	65
Estimates of future electricity prices | € / MWh	65

PROPERTY, PLANT AND EQUIPMENT_8

PROPERTY, PLANT AND EQUIPMENT, AT FAIR VALUE - Historical Costs (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Property Plant and Equipment carrying amount at cost of revalued assets [Line Items]
Property, plant and equipment, revalued assets, at cost	$ 37,340	$ 28,692
Hydroelectric
Property Plant and Equipment carrying amount at cost of revalued assets [Line Items]
Property, plant and equipment, revalued assets, at cost	10,582	9,812
Wind
Property Plant and Equipment carrying amount at cost of revalued assets [Line Items]
Property, plant and equipment, revalued assets, at cost	14,071	10,146
Solar
Property Plant and Equipment carrying amount at cost of revalued assets [Line Items]
Property, plant and equipment, revalued assets, at cost	12,508	8,576
Other
Property Plant and Equipment carrying amount at cost of revalued assets [Line Items]
Property, plant and equipment, revalued assets, at cost	$ 179	$ 158

INTANGIBLE ASSETS - Summary of

INTANGIBLE ASSETS - Summary of reconciliation of intangible assets (Details) $ in Millions	Dec. 31, 2023 USD ($)
Reconciliation of changes in intangible assets and goodwill [abstract]
Beginning balance	$ 209
Ending balance	$ 15

BORROWINGS - Corporate Borrowin

BORROWINGS - Corporate Borrowings Composition of Corporate Borrowings (Details) $ in Millions	Dec. 31, 2023 USD ($) year	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($) year
Disclosure of detailed information about borrowings [line items]
Add: Unamortized premiums	$ 2		$ 2
Less: Current portion	(183)		(249)
Non recourse borrowings with related parties	$ 8		$ 7
Credit facilities
Disclosure of detailed information about borrowings [line items]
Term (years) | year	5		5
Carrying value	$ 0		$ 0
Estimated fair value	$ 0		$ 0
Commercial paper
Disclosure of detailed information about borrowings [line items]
Interest rate (%)	6%		5.10%
Carrying value	$ 183		$ 249
Estimated fair value	$ 183		$ 249
Medium term notes
Disclosure of detailed information about borrowings [line items]
Interest rate (%)	4.30%		4.10%
Term (years) | year	10		11
Carrying value	$ 2,660		$ 2,307
Estimated fair value	2,548		2,113
Corporate borrowings
Disclosure of detailed information about borrowings [line items]
Carrying value	2,843		2,556
Estimated fair value	2,731		2,362
Less: Unamortized financing fees	(12)		(10)
Less: Current portion	(183)		(249)
Total borrowings	2,650		$ 2,299
Series 4 (C$150) | Medium term notes
Disclosure of detailed information about borrowings [line items]
Borrowings	$ 150
Interest rate (%)	5.80%		5.80%
Term (years) | year	13		14
Carrying value	$ 113		$ 111
Estimated fair value	121		$ 114
Series 9 (C$400) | Medium term notes
Disclosure of detailed information about borrowings [line items]
Borrowings	$ 400
Interest rate (%)	3.80%		3.80%
Term (years) | year	1		2
Carrying value	$ 302		$ 295
Estimated fair value	297		$ 286
Series 10 (C$500) | Medium term notes
Disclosure of detailed information about borrowings [line items]
Borrowings	$ 500
Interest rate (%)	3.60%		3.60%
Term (years) | year	3		4
Carrying value	$ 377		$ 369
Estimated fair value	366		$ 350
Series 11 (C$475) | Medium term notes
Disclosure of detailed information about borrowings [line items]
Borrowings	$ 475
Interest rate (%)	4.30%		4.30%
Term (years) | year	5		6
Carrying value	$ 358		$ 351
Estimated fair value	353		$ 338
Series 12 (C$475) | Medium term notes
Disclosure of detailed information about borrowings [line items]
Borrowings	$ 475
Interest rate (%)	3.40%		3.40%
Term (years) | year	6		7
Carrying value	$ 358		$ 351
Estimated fair value	335		$ 316
Series 13 (C$300) | Medium term notes
Disclosure of detailed information about borrowings [line items]
Borrowings	$ 300
Interest rate (%)	4.30%		4.30%
Term (years) | year	26		27
Carrying value	$ 226		$ 221
Estimated fair value	201		$ 184
Series 14 (C$425) | Medium term notes
Disclosure of detailed information about borrowings [line items]
Borrowings	$ 425
Interest rate (%)	3.30%		3.30%
Term (years) | year	27		28
Carrying value	$ 321		$ 314
Estimated fair value	240		$ 218
Series 15 (C$400) | Medium term notes
Disclosure of detailed information about borrowings [line items]
Borrowings	$ 400
Interest rate (%)	5.90%		5.90%
Term (years) | year	9		10
Carrying value	$ 303		$ 295
Estimated fair value	324		$ 307
Series 16 (C$400) | Medium term notes
Disclosure of detailed information about borrowings [line items]
Borrowings	$ 400
Interest rate (%)	5.30%	5.29%	0%
Term (years) | year	10		0
Carrying value	$ 302	$ 400	$ 0
Estimated fair value	$ 311		$ 0

BORROWINGS - Corporate Borrow_2

BORROWINGS - Corporate Borrowings Change in the Unamortized Financing Fees of Corporate Borrowings (Details) - Corporate borrowings - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about borrowings [line items]
Unamortized financing fees, beginning of year	$ (10)	$ (10)
Additional financing fees	(3)	(1)
Amortization of financing fees	1	1
Unamortized financing fees, end of year	$ (12)	$ (10)

BORROWINGS - Schedule of Availa

BORROWINGS - Schedule of Available Portion of Corporate Credit Facilities (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Authorized corporate credit facilities and related party credit facilities
Disclosure of detailed information about borrowings [line items]
Current borrowings and current portion of non-current borrowings	$ 2,375	$ 2,375
Draws on corporate credit facilities
Disclosure of detailed information about borrowings [line items]
Current borrowings and current portion of non-current borrowings	165	0
Authorized letter of credit facility
Disclosure of detailed information about borrowings [line items]
Current borrowings and current portion of non-current borrowings	500	500
Issued letters of credit
Disclosure of detailed information about borrowings [line items]
Current borrowings and current portion of non-current borrowings	307	344
Available portion of corporate credit facilities
Disclosure of detailed information about borrowings [line items]
Current borrowings and current portion of non-current borrowings	$ 2,403	$ 2,531

BORROWINGS - Composition of Non

BORROWINGS - Composition of Non-recourse Borrowings (Details) $ in Millions	Dec. 31, 2023 USD ($) year	Dec. 31, 2022 USD ($) year	Dec. 31, 2021 USD ($)
Disclosure of detailed information about borrowings [line items]
Current portion of non-recourse borrowings	$ (4,752)	$ (2,027)
Non-recourse borrowings	26,839	21,117
Non recourse borrowings with related parties	8	7
Total borrowings	2,650	2,299
Subscription Facility | Brookfield Renewable
Disclosure of detailed information about borrowings [line items]
Consolidated non-recourse borrowings	$ 2,626	$ 1,838
Non-recourse borrowings
Disclosure of detailed information about borrowings [line items]
Interest rate (%)	6.80%	6.20%
Term (years) | year	9	10
Notional amount	$ 27,020	$ 22,321
Estimated fair value	26,839	21,117
Add: Unamortized premiums	(11)	105	$ 160
Less: Unamortized financing fees	(140)	(124)
Current portion of non-recourse borrowings	(4,752)	(2,027)
Non-recourse borrowings	22,117	$ 20,275
Total borrowings	27,020
Non-recourse borrowings | 2024
Disclosure of detailed information about borrowings [line items]
Total borrowings	4,752
Non-recourse borrowings | 2025
Disclosure of detailed information about borrowings [line items]
Total borrowings	2,329
Non-recourse borrowings | 2026
Disclosure of detailed information about borrowings [line items]
Total borrowings	3,056
Non-recourse borrowings | 2027
Disclosure of detailed information about borrowings [line items]
Total borrowings	1,932
Non-recourse borrowings | 2028
Disclosure of detailed information about borrowings [line items]
Total borrowings	2,157
Non-recourse borrowings | Thereafter
Disclosure of detailed information about borrowings [line items]
Total borrowings	$ 12,794
Non-recourse borrowings | Hydroelectric
Disclosure of detailed information about borrowings [line items]
Interest rate (%)	7.80%	7.20%
Term (years) | year	9	10
Notional amount	$ 9,468	$ 8,813
Estimated fair value	9,292	$ 8,104
Total borrowings	9,468
Non-recourse borrowings | Hydroelectric | 2024
Disclosure of detailed information about borrowings [line items]
Total borrowings	664
Non-recourse borrowings | Hydroelectric | 2025
Disclosure of detailed information about borrowings [line items]
Total borrowings	691
Non-recourse borrowings | Hydroelectric | 2026
Disclosure of detailed information about borrowings [line items]
Total borrowings	1,610
Non-recourse borrowings | Hydroelectric | 2027
Disclosure of detailed information about borrowings [line items]
Total borrowings	718
Non-recourse borrowings | Hydroelectric | 2028
Disclosure of detailed information about borrowings [line items]
Total borrowings	602
Non-recourse borrowings | Hydroelectric | Thereafter
Disclosure of detailed information about borrowings [line items]
Total borrowings	$ 5,183
Non-recourse borrowings | Wind
Disclosure of detailed information about borrowings [line items]
Interest rate (%)	6.10%	5.40%
Term (years) | year	9	8
Notional amount	$ 6,866	$ 5,943
Estimated fair value	6,922	$ 5,824
Total borrowings	6,866
Non-recourse borrowings | Wind | 2024
Disclosure of detailed information about borrowings [line items]
Total borrowings	1,081
Non-recourse borrowings | Wind | 2025
Disclosure of detailed information about borrowings [line items]
Total borrowings	615
Non-recourse borrowings | Wind | 2026
Disclosure of detailed information about borrowings [line items]
Total borrowings	731
Non-recourse borrowings | Wind | 2027
Disclosure of detailed information about borrowings [line items]
Total borrowings	529
Non-recourse borrowings | Wind | 2028
Disclosure of detailed information about borrowings [line items]
Total borrowings	725
Non-recourse borrowings | Wind | Thereafter
Disclosure of detailed information about borrowings [line items]
Total borrowings	$ 3,185
Non-recourse borrowings | Solar
Disclosure of detailed information about borrowings [line items]
Interest rate (%)	6.20%	5.60%
Term (years) | year	12	13
Notional amount	$ 5,868	$ 4,625
Estimated fair value	5,879	$ 4,502
Total borrowings	5,868
Non-recourse borrowings | Solar | 2024
Disclosure of detailed information about borrowings [line items]
Total borrowings	954
Non-recourse borrowings | Solar | 2025
Disclosure of detailed information about borrowings [line items]
Total borrowings	552
Non-recourse borrowings | Solar | 2026
Disclosure of detailed information about borrowings [line items]
Total borrowings	370
Non-recourse borrowings | Solar | 2027
Disclosure of detailed information about borrowings [line items]
Total borrowings	323
Non-recourse borrowings | Solar | 2028
Disclosure of detailed information about borrowings [line items]
Total borrowings	639
Non-recourse borrowings | Solar | Thereafter
Disclosure of detailed information about borrowings [line items]
Total borrowings	$ 3,030
Non-recourse borrowings | Distributed energy & storage
Disclosure of detailed information about borrowings [line items]
Interest rate (%)	6.20%	5.30%
Term (years) | year	6	8
Notional amount	$ 3,035	$ 2,593
Estimated fair value	2,963	$ 2,340
Total borrowings	3,035
Non-recourse borrowings | Distributed energy & storage | 2024
Disclosure of detailed information about borrowings [line items]
Total borrowings	270
Non-recourse borrowings | Distributed energy & storage | 2025
Disclosure of detailed information about borrowings [line items]
Total borrowings	471
Non-recourse borrowings | Distributed energy & storage | 2026
Disclosure of detailed information about borrowings [line items]
Total borrowings	345
Non-recourse borrowings | Distributed energy & storage | 2027
Disclosure of detailed information about borrowings [line items]
Total borrowings	362
Non-recourse borrowings | Distributed energy & storage | 2028
Disclosure of detailed information about borrowings [line items]
Total borrowings	191
Non-recourse borrowings | Distributed energy & storage | Thereafter
Disclosure of detailed information about borrowings [line items]
Total borrowings	$ 1,396
Non-recourse borrowings | Sustainable solutions
Disclosure of detailed information about borrowings [line items]
Interest rate (%)	7%	5.90%
Term (years) | year	1	2
Notional amount	$ 1,783	$ 347
Estimated fair value	1,783	$ 347
Total borrowings	1,783
Non-recourse borrowings | Sustainable solutions | 2024
Disclosure of detailed information about borrowings [line items]
Total borrowings	1,783
Non-recourse borrowings | Sustainable solutions | 2025
Disclosure of detailed information about borrowings [line items]
Total borrowings	0
Non-recourse borrowings | Sustainable solutions | 2026
Disclosure of detailed information about borrowings [line items]
Total borrowings	0
Non-recourse borrowings | Sustainable solutions | 2027
Disclosure of detailed information about borrowings [line items]
Total borrowings	0
Non-recourse borrowings | Sustainable solutions | 2028
Disclosure of detailed information about borrowings [line items]
Total borrowings	0
Non-recourse borrowings | Sustainable solutions | Thereafter
Disclosure of detailed information about borrowings [line items]
Total borrowings	$ 0

BORROWINGS - Medium Term Notes

BORROWINGS - Medium Term Notes (Details) - Medium term notes	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate	4.30%		4.10%
Series 16 (C$400)
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate	5.30%	5.29%	0%

BORROWINGS - Non-recourse Borro

BORROWINGS - Non-recourse Borrowings Change in the Unamortized Financing Fees of Corporate Borrowings (Details) - Non-recourse borrowings - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Unamortised Fees
Unamortized financing fees, beginning of year	$ (124)	$ (132)
Additional financing fees	(50)	(49)
Amortization of financing fees	25	36
Gains (losses) on exchange differences on translation of foreign operations, net of tax	9	21
Unamortized financing fees, end of year	(140)	(124)
Unamortised Premiums
Unamortized premiums and discounts, beginning of year	105	160
Additional premiums and discounts	(90)	(13)
Amortization of premiums and discounts	(14)	(15)
Foreign exchange translation and other	(12)	(27)
Unamortized premiums and discounts, end of year	$ (11)	$ 105

BORROWINGS - Non-recourse Bor_2

BORROWINGS - Non-recourse Borrowings (Details) ¥ in Millions, R$ in Millions, $ in Millions, $ in Millions, $ in Millions, ₨ in Billions	Dec. 31, 2023 USD ($)	Dec. 31, 2023 CAD ($)	Dec. 31, 2023 COP ($)	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 INR (₨)	Dec. 31, 2023 BRL (R$)
Q1 2023, US, Distributed generation, 0.0703, Financing, 2026
Disclosure of detailed information about borrowings [line items]
Average Interest rate	7.03%	7.03%	7.03%	7.03%	7.03%	7.03%
Carrying value	$ 100
Q1 2023, China, Wind, 0.044, Financing, 2040
Disclosure of detailed information about borrowings [line items]
Average Interest rate	4.40%	4.40%	4.40%	4.40%	4.40%	4.40%
Carrying value	$ 141			¥ 971
Q1 2023, China, Wind, 0.046, Financing, 2030
Disclosure of detailed information about borrowings [line items]
Average Interest rate	4.60%	4.60%	4.60%	4.60%	4.60%	4.60%
Carrying value	$ 29			¥ 200
Q1 2023, China, Wind, 0.046, Financing, 2039
Disclosure of detailed information about borrowings [line items]
Average Interest rate	4.60%	4.60%	4.60%	4.60%	4.60%	4.60%
Carrying value	$ 10			¥ 70
Q1 2023, China, Wind, 0.044, Financing, 2039
Disclosure of detailed information about borrowings [line items]
Average Interest rate	4.40%	4.40%	4.40%	4.40%	4.40%	4.40%
Carrying value	$ 14			¥ 97
Q2 2023, India, Solar, MCLR, Financing, 2043
Disclosure of detailed information about borrowings [line items]
Carrying value	123				₨ 10
Q2 2023, Brazil, Wind, CDI, Financing, 2024
Disclosure of detailed information about borrowings [line items]
Carrying value	$ 93					R$ 450
Q2 2023, Canada, Hydroelectric, 0.0619, Financing, 2045
Disclosure of detailed information about borrowings [line items]
Average Interest rate	6.19%	6.19%	6.19%	6.19%	6.19%	6.19%
Carrying value	$ 22	$ 30
Q2 2023, US, Solar, 0.0662115, Financing, 2058 - 2060
Disclosure of detailed information about borrowings [line items]
Average Interest rate	6.62%	6.62%	6.62%	6.62%	6.62%	6.62%
Carrying value	$ 45
Q2 2023, US, Wind, SOFR, Refinancing, 2033
Disclosure of detailed information about borrowings [line items]
Carrying value	311
Q3 2023, Brazil, Wind, CDI, Financing, 2047
Disclosure of detailed information about borrowings [line items]
Carrying value	60					R$ 300
Q3 2023, Canada, Solar, CDOR, Financing, 2038
Disclosure of detailed information about borrowings [line items]
Carrying value	23	$ 34
Q3 2023, US, Wind, SOFR, Financing, 2026
Disclosure of detailed information about borrowings [line items]
Carrying value	175
Q3 2023, China, Wind, PBOC, Financing, 2040
Disclosure of detailed information about borrowings [line items]
Carrying value	37			¥ 273
Q3 2023, Colombia, Hydro, IBR, Financing, 2033
Disclosure of detailed information about borrowings [line items]
Carrying value	$ 169		$ 687,000
Q4 2023, China, Wind, 0.05, Financing, 2039
Disclosure of detailed information about borrowings [line items]
Average Interest rate	5%	5%	5%	5%	5%	5%
Carrying value	$ 203			¥ 1,500
Q4 2023, China, Wind, 0.042, Financing, 2041
Disclosure of detailed information about borrowings [line items]
Average Interest rate	4.20%	4.20%	4.20%	4.20%	4.20%	4.20%
Carrying value	$ 42			¥ 298
Q4 2023, India, Solar, 0.088, Financing, 2043
Disclosure of detailed information about borrowings [line items]
Average Interest rate	8.80%	8.80%	8.80%	8.80%	8.80%	8.80%
Carrying value	$ 90				₨ 7.4
Q4 2023, Brazil, Hydro, 0.0772, Refinancing, 2024
Disclosure of detailed information about borrowings [line items]
Average Interest rate	7.72%	7.72%	7.72%	7.72%	7.72%	7.72%
Carrying value	$ 164					R$ 800
Q4 2023, US, Hydro, 0.0616, Refinancing, 2032
Disclosure of detailed information about borrowings [line items]
Average Interest rate	6.16%	6.16%	6.16%	6.16%	6.16%	6.16%
Carrying value	$ 80
Q4 2023, US, Hydro, 0.0775, Refinancing, 2033
Disclosure of detailed information about borrowings [line items]
Average Interest rate	7.75%	7.75%	7.75%	7.75%	7.75%	7.75%
Carrying value	$ 125
Q4 2023, US, Wind, SOFR, Financing, 2034
Disclosure of detailed information about borrowings [line items]
Carrying value	52
Q4 2023, US, Wind, SOFR, Financing, 2024
Disclosure of detailed information about borrowings [line items]
Carrying value	140
Q4 2023, US, Distributed generation, SOFR, Financing, 2024, 1
Disclosure of detailed information about borrowings [line items]
Carrying value	39
Q4 2023, US, Solar, SOFR, Financing, 2028
Disclosure of detailed information about borrowings [line items]
Carrying value	48
Q4 2023, US, Distributed generation, SOFR, Financing, 2024, 2
Disclosure of detailed information about borrowings [line items]
Carrying value	61
Q4 2023, US, Various, SOFR, Financing, 2025
Disclosure of detailed information about borrowings [line items]
Carrying value	200
Q4 2023, US, Various, SOFR, Financing, 2028
Disclosure of detailed information about borrowings [line items]
Carrying value	600
Q4 2023, Colombia, Hydro, IBR, Financing, 2033
Disclosure of detailed information about borrowings [line items]
Carrying value	$ 25		$ 100,000

BORROWINGS - Non-recourse Bor_3

BORROWINGS - Non-recourse Borrowings Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2023	Jun. 30, 2023
Q2 2023, US, Distributed generation, Refinancing, 2026
Disclosure of detailed information about borrowings [line items]
Notional amount		$ 650
Q4 2023, US, Wind, Refinancing, 2024
Disclosure of detailed information about borrowings [line items]
Notional amount	$ 46
Q4 2023, US, Distribution Generation, Refinancing, 2030
Disclosure of detailed information about borrowings [line items]
Notional amount	64
Q4 2023, US, Distribution Generation, Refinancing, 2025
Disclosure of detailed information about borrowings [line items]
Notional amount	25
Q4 2023, US, Distribution Generation, Refinancing, 2024
Disclosure of detailed information about borrowings [line items]
Notional amount	$ 75

BORROWINGS - Supplemental Infor

BORROWINGS - Supplemental Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Credit facilities [Line Items]
Net cash flows from financing activities	$ 2,596	$ 3,489	$ 2,143
Corporate borrowings
Credit facilities [Line Items]
Beginning balance	2,548	2,149
Net cash flows from financing activities	228	545
Non-cash Acquisitions	0	0
Non-cash Disposal	0	0
Non-cash, transfer to liabilities held-for-sale	0	0
Non-cash Other	57	(146)
Ending balance	2,833	2,548	2,149
Non-recourse borrowings
Credit facilities [Line Items]
Beginning balance	22,302	19,380
Net cash flows from financing activities	2,279	3,254
Non-cash Acquisitions	2,073	443
Non-cash Disposal	(164)	0
Non-cash, transfer to liabilities held-for-sale	0	(171)
Non-cash Other	379	(604)
Ending balance	26,869	22,302	$ 19,380
Net cash flow from financing activities related to tax equity	307	233
Non recourse borrowings acquired in asset acquisitions	$ 103	$ 129

NON-CONTROLLING INTERESTS - Sum

NON-CONTROLLING INTERESTS - Summary (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of Non Controlling Interest [Line Items]
Equity	$ 29,979	$ 26,286	$ 23,996	$ 21,767
Non-controlling interest
Disclosure of Non Controlling Interest [Line Items]
Equity	25,256	21,430
Participating non-controlling interests – in operating subsidiaries
Disclosure of Non Controlling Interest [Line Items]
Equity	18,863	14,755	12,303	11,100
General partnership interest in a holding subsidiary held by Brookfield
Disclosure of Non Controlling Interest [Line Items]
Equity	55	59	59	56
Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield
Disclosure of Non Controlling Interest [Line Items]
Equity	2,684	2,892	2,894	2,721
BEPC exchangeable shares
Disclosure of Non Controlling Interest [Line Items]
Equity	2,479	2,561	2,562	2,408
Preferred equity
Disclosure of Non Controlling Interest [Line Items]
Equity	583	571	613	609
Perpetual subordinated notes
Disclosure of Non Controlling Interest [Line Items]
Equity	$ 592	$ 592	$ 592	$ 0

NON-CONTROLLING INTERESTS - Net

NON-CONTROLLING INTERESTS - Net Change in Participating Non-controlling Interests (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of subsidiaries [line items]
Capital contributions	$ 2,993	$ 2,131	$ 1,121
Return of capital	(140)
Disposals	(449)	(75)	(395)
Distributions	(29)	(27)	(9)
Acquisitions through business combinations	414
Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Beginning Balance	14,755
Net income (loss)	619	334	209
Capital contributions	2,993	2,131	1,121
Return of capital	(140)
Disposals	(449)	(75)	(395)
Acquisitions through business combinations	414
Ending Balance	18,863	14,755
Brookfield and co-investors
Disclosure of subsidiaries [line items]
Beginning Balance	14,755	12,303	11,100
Net income (loss)	619	334	209
Other comprehensive income (loss)	(1,364)	(1,248)	(839)
Capital contributions	2,993	2,131	1,121
Return of capital	(140)
Disposals	(449)	(75)	(395)
Distributions	(870)	(1,275)	(810)
Distributions	1,428
Acquisitions through business combinations	414
Other	735	89	239
Ending Balance	18,863	14,755	12,303
Brookfield Americas Infrastructure Fund
Disclosure of subsidiaries [line items]
Beginning Balance	477
Net income (loss)	27	19	5
Ending Balance	75	477
Brookfield Americas Infrastructure Fund | Brookfield and co-investors
Disclosure of subsidiaries [line items]
Beginning Balance	477	685	1,002
Net income (loss)	27	19	5
Other comprehensive income (loss)	(43)	103	122
Capital contributions	0	0	0
Return of capital	0
Disposals	(388)	(54)	(181)
Distributions		(71)	(18)
Distributions	25
Acquisitions through business combinations	0
Other	27	1	(1)
Ending Balance	$ 75	477	685
Brookfield Americas Infrastructure Fund | Bottom of range | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	75%
Brookfield Americas Infrastructure Fund | Top of range | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	78%
Brookfield Infrastructure Fund II
Disclosure of subsidiaries [line items]
Beginning Balance	$ 2,617
Net income (loss)	64	(31)	43
Ending Balance	2,463	2,617
Brookfield Infrastructure Fund II | Brookfield and co-investors
Disclosure of subsidiaries [line items]
Beginning Balance	2,617	2,253	1,994
Net income (loss)	64	(31)	43
Other comprehensive income (loss)	(96)	(449)	(445)
Capital contributions	0	4	6
Return of capital	0
Disposals	0	0	(214)
Distributions		(59)	(32)
Distributions	123
Acquisitions through business combinations	0
Other	1	1	11
Ending Balance	$ 2,463	2,617	$ 2,253
Brookfield Infrastructure Fund II | Bottom of range
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	43%
Brookfield Infrastructure Fund II | Bottom of range | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests			0.0043%
Brookfield Infrastructure Fund II | Top of range
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	60%
Brookfield Infrastructure Fund II | Top of range | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests			0.006%
Brookfield Infrastructure Fund III
Disclosure of subsidiaries [line items]
Beginning Balance	$ 1,675
Net income (loss)	56	31	$ 2
Ending Balance	1,713	1,675
Brookfield Infrastructure Fund III | Brookfield and co-investors
Disclosure of subsidiaries [line items]
Beginning Balance	3,490	3,618	3,623
Net income (loss)	108	144	(16)
Other comprehensive income (loss)	356	(212)	(196)
Capital contributions	1	0	10
Return of capital	0
Disposals	(32)	(21)	0
Distributions		(460)	(350)
Distributions	695
Acquisitions through business combinations	0
Other	(14)	(3)	155
Ending Balance	$ 3,214	3,490	$ 3,618
Brookfield Infrastructure Fund III | Bottom of range
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	69%
Brookfield Infrastructure Fund III | Bottom of range | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests			0.0069%
Brookfield Infrastructure Fund III | Top of range
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	71%
Brookfield Infrastructure Fund III | Top of range | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests			0.0071%
Brookfield Infrastructure Fund IV
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	75%
Brookfield Infrastructure Fund IV | Brookfield and co-investors
Disclosure of subsidiaries [line items]
Beginning Balance	$ 2,134	1,410	$ 410
Net income (loss)	43	16	38
Other comprehensive income (loss)	235	(425)	(150)
Capital contributions	162	301	924
Return of capital	0
Disposals	0	0	0
Distributions		(3)	(114)
Distributions	172
Acquisitions through business combinations	0
Other	9	(15)	2
Ending Balance	$ 2,411	2,134	1,410
Brookfield Infrastructure Fund V | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	71%
Brookfield Infrastructure Fund V | Brookfield and co-investors
Disclosure of subsidiaries [line items]
Beginning Balance	$ 0	0	0
Net income (loss)	291	0	0
Other comprehensive income (loss)	0	0	0
Capital contributions	410	0	0
Return of capital	140
Disposals	0	0	0
Distributions		0	0
Distributions	0
Acquisitions through business combinations	0
Other	356	0	0
Ending Balance	917	0	0
Brookfield Global Transition Fund I
Disclosure of subsidiaries [line items]
Beginning Balance	1,461
Net income (loss)	20	(50)	0
Ending Balance	3,682	1,461
Brookfield Global Transition Fund I | Brookfield and co-investors
Disclosure of subsidiaries [line items]
Beginning Balance	1,461	0	0
Net income (loss)	20	(50)	0
Other comprehensive income (loss)	294	(9)	0
Capital contributions	2,045	1,484	0
Return of capital	0
Disposals	(26)	0	0
Distributions		(14)	0
Distributions	81
Acquisitions through business combinations	0
Other	(31)	32	0
Ending Balance	$ 3,682	1,461	0
Brookfield Global Transition Fund I | Bottom of range | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	77%
Brookfield Global Transition Fund I | Top of range | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	80%
Brookfield Global Transition Fund II | Brookfield and co-investors
Disclosure of subsidiaries [line items]
Beginning Balance	$ 0	0	0
Net income (loss)	1	0	0
Other comprehensive income (loss)	(3)	0	0
Capital contributions	298	0	0
Return of capital	0
Disposals	0	0	0
Distributions		0	0
Distributions	0
Acquisitions through business combinations	0
Other	0	0	0
Ending Balance	$ 296	0	0
Brookfield Global Transition Fund II | Bottom of range | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	50%
Brookfield Global Transition Fund II | Top of range | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	51%
Canadian Hydroelectric Portfolio
Disclosure of subsidiaries [line items]
Beginning Balance	$ 1,194
Net income (loss)	16	20	4
Ending Balance	$ 1,332	1,194
Proportion of ownership interests held by non-controlling interests	50%
Canadian Hydroelectric Portfolio | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	50%
Canadian Hydroelectric Portfolio | Brookfield and co-investors
Disclosure of subsidiaries [line items]
Beginning Balance	$ 1,148	974	627
Net income (loss)	15	20	4
Other comprehensive income (loss)	2	(187)	(163)
Capital contributions	0	0	0
Return of capital	0
Disposals	0	0	0
Distributions		(37)	(25)
Distributions	42
Acquisitions through business combinations	0
Other	165	4	205
Ending Balance	1,288	1,148	974
The Catalyst Group
Disclosure of subsidiaries [line items]
Beginning Balance	115
Net income (loss)	7	11	16
Ending Balance	$ 122	115
Proportion of ownership interests held by non-controlling interests	25%
The Catalyst Group | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	25%
The Catalyst Group | Brookfield and co-investors
Disclosure of subsidiaries [line items]
Beginning Balance	$ 115	132	97
Net income (loss)	7	11	16
Other comprehensive income (loss)	3	19	(28)
Capital contributions	0	0	0
Return of capital	0
Disposals	0	0	0
Distributions		(9)	(8)
Distributions	3
Acquisitions through business combinations	0
Other	0	0	(1)
Ending Balance	$ 122	115	132
Isagen institutional partners
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	77%
Isagen institutional partners | Brookfield and co-investors
Disclosure of subsidiaries [line items]
Beginning Balance	$ 2,159	2,442	2,651
Net income (loss)	98	179	113
Other comprehensive income (loss)	603	(67)	107
Capital contributions	0	0	0
Return of capital	0
Disposals	0	0	0
Distributions		(524)	(215)
Distributions	156
Acquisitions through business combinations	0
Other	0	(5)	0
Ending Balance	$ 2,704	2,159	2,442
Isagen public non-controlling interests
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	0.30%
Isagen public non-controlling interests | Brookfield and co-investors
Disclosure of subsidiaries [line items]
Beginning Balance	$ 14	13	14
Net income (loss)	1	1	1
Other comprehensive income (loss)	4	(1)	0
Capital contributions	0	0	0
Return of capital	0
Disposals	0	0	0
Distributions		(1)	(1)
Distributions	1
Acquisitions through business combinations	0
Other	0	0	(1)
Ending Balance	18	14	13
Other | Brookfield and co-investors
Disclosure of subsidiaries [line items]
Beginning Balance	1,140	776	682
Net income (loss)	(56)	25	5
Other comprehensive income (loss)	9	(20)	(86)
Capital contributions	77	342	181
Return of capital	0
Disposals	(3)	0	0
Distributions		(97)	(47)
Distributions	130
Acquisitions through business combinations	414
Other	222	74	(131)
Ending Balance	$ 1,673	1,140	776
Other | Bottom of range
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	0.30%
Other | Top of range
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	72%
TerraForm Power
Disclosure of subsidiaries [line items]
Beginning Balance	$ 1,452
Net income (loss)	(43)	31	(109)
Ending Balance	$ 847	1,452
Proportion of ownership interests held by non-controlling interests	41.70%
TerraForm Power | Brookfield Global Infrastructure Income Fund
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	6.80%
TerraForm Power | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	42%
Isagen
Disclosure of subsidiaries [line items]
Beginning Balance	$ 3,146
Net income (loss)	144	257	$ 162
Ending Balance	$ 3,948	$ 3,146
Proportion of ownership interests held by non-controlling interests	77.40%
Isagen | Brookfield Global Infrastructure Income Fund
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	1.50%
Isagen | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	77%

NON-CONTROLLING INTERESTS - S_2

NON-CONTROLLING INTERESTS - Summary of Certain Financial Information of Operating Subsidiaries (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of subsidiaries [line items]
Revenues	$ 5,038	$ 4,711	$ 4,096
Net income (loss)	616	138	(66)
Total comprehensive income (loss)	2,036	2,628	2,700
Property, plant and equipment, at fair value	64,005	54,283
Total assets	76,128	64,111
Total Liabilities	46,149	37,825
Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Net income (loss)	619	334	209
Net income allocated to non-controlling interests	619	334	209
Carrying value of non-controlling interests	18,863	14,755
Total
Disclosure of subsidiaries [line items]
Revenues	4,283	4,038	3,354
Net income (loss)	913	514	229
Total comprehensive income (loss)	2,528	2,615	1,791
Net income allocated to non-controlling interests	619	334	209
Property, plant and equipment, at fair value	52,336	40,781
Total assets	62,909	50,152
Total borrowings	19,796	16,334
Total Liabilities	34,756	26,281
Carrying value of non-controlling interests	18,863	14,755
Brookfield Americas Infrastructure Fund
Disclosure of subsidiaries [line items]
Revenues	56	120	137
Net income (loss)	34	25	7
Total comprehensive income (loss)	(19)	(106)	(161)
Net income allocated to non-controlling interests	27	19	5
Property, plant and equipment, at fair value	106	131
Total assets	112	852
Total borrowings	12	14
Total Liabilities	18	240
Carrying value of non-controlling interests	$ 75	477
Brookfield Americas Infrastructure Fund | Bottom of range | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	75%
Brookfield Americas Infrastructure Fund | Top of range | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	78%
Brookfield Infrastructure Fund II
Disclosure of subsidiaries [line items]
Revenues	$ 339	324	302
Net income (loss)	118	(66)	64
Total comprehensive income (loss)	(70)	732	895
Net income allocated to non-controlling interests	64	(31)	$ 43
Property, plant and equipment, at fair value	5,878	6,223
Total assets	6,055	6,368
Total borrowings	1,320	1,332
Total Liabilities	1,609	1,618
Carrying value of non-controlling interests	$ 2,463	2,617
Brookfield Infrastructure Fund II | Bottom of range
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	43%
Brookfield Infrastructure Fund II | Bottom of range | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests			0.0043%
Brookfield Infrastructure Fund II | Top of range
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	60%
Brookfield Infrastructure Fund II | Top of range | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests			0.006%
Brookfield Infrastructure Fund III
Disclosure of subsidiaries [line items]
Revenues	$ 192	213	$ 195
Net income (loss)	79	44	1
Total comprehensive income (loss)	306	183	348
Net income allocated to non-controlling interests	56	31	$ 2
Property, plant and equipment, at fair value	2,919	2,873
Total assets	3,662	3,529
Total borrowings	1,159	1,051
Total Liabilities	1,249	1,172
Carrying value of non-controlling interests	$ 1,713	1,675
Brookfield Infrastructure Fund III | Bottom of range
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	69%
Brookfield Infrastructure Fund III | Bottom of range | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests			0.0069%
Brookfield Infrastructure Fund III | Top of range
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	71%
Brookfield Infrastructure Fund III | Top of range | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests			0.0071%
Brookfield Infrastructure Fund IV
Disclosure of subsidiaries [line items]
Revenues	$ 533	451	$ 316
Net income (loss)	46	14	50
Total comprehensive income (loss)	362	586	252
Net income allocated to non-controlling interests	43	16	38
Property, plant and equipment, at fair value	7,293	6,060
Total assets	8,396	6,911
Total borrowings	3,704	3,120
Total Liabilities	5,117	4,173
Carrying value of non-controlling interests	$ 2,411	2,134
Brookfield Infrastructure Fund IV | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	75%
Brookfield Infrastructure Fund V
Disclosure of subsidiaries [line items]
Revenues	$ 45	0	0
Net income (loss)	411	0	0
Total comprehensive income (loss)	411	0	0
Net income allocated to non-controlling interests	291	0	0
Property, plant and equipment, at fair value	2,357	0
Total assets	2,538	0
Total borrowings	462	0
Total Liabilities	1,611	0
Carrying value of non-controlling interests	917	0
Brookfield Global Transition Fund I
Disclosure of subsidiaries [line items]
Revenues	145	54	0
Net income (loss)	26	(66)	0
Total comprehensive income (loss)	409	(51)	0
Net income allocated to non-controlling interests	20	(50)	0
Property, plant and equipment, at fair value	4,700	1,565
Total assets	9,535	5,298
Total borrowings	1,169	497
Total Liabilities	5,424	3,502
Carrying value of non-controlling interests	$ 3,682	1,461
Brookfield Global Transition Fund I | Bottom of range | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	77%
Brookfield Global Transition Fund I | Top of range | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	80%
Brookfield Global Transition Fund II | Bottom of range | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	50%
Brookfield Global Transition Fund II | Top of range | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	51%
Canadian Hydroelectric Portfolio
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	50%
Revenues	$ 130	116	81
Net income (loss)	31	40	10
Total comprehensive income (loss)	28	403	329
Net income allocated to non-controlling interests	16	20	4
Property, plant and equipment, at fair value	2,463	2,686
Total assets	2,747	2,984
Total borrowings	144	466
Total Liabilities	192	520
Carrying value of non-controlling interests	$ 1,332	1,194
Canadian Hydroelectric Portfolio | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	50%
The Catalyst Group
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	25%
Revenues	$ 102	131	136
Net income (loss)	27	44	62
Total comprehensive income (loss)	40	(32)	173
Net income allocated to non-controlling interests	7	11	16
Property, plant and equipment, at fair value	1,024	1,031
Total assets	1,036	1,053
Total borrowings	439	476
Total Liabilities	447	491
Carrying value of non-controlling interests	$ 122	115
The Catalyst Group | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	25%
Isagen
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	77.40%
Revenues	$ 1,285	1,135	929
Net income (loss)	186	340	214
Total comprehensive income (loss)	1,331	467	11
Net income allocated to non-controlling interests	144	257	162
Property, plant and equipment, at fair value	10,585	8,264
Total assets	11,601	9,178
Total borrowings	3,000	2,356
Total Liabilities	6,498	5,112
Carrying value of non-controlling interests	$ 3,948	3,146
Isagen | Brookfield Infrastructure Fund III
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	23%
Isagen | Isagen Institutional Investors
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	52.60%
Isagen | Other Non-Controlling Interests
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	0.30%
Isagen | Brookfield Global Infrastructure Income Fund
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	1.50%
Isagen | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	77%
TerraForm Power
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	41.70%
Revenues	$ 1,213	1,324	1,239
Net income (loss)	(27)	94	(245)
Total comprehensive income (loss)	(93)	301	(243)
Net income allocated to non-controlling interests	(43)	31	(109)
Property, plant and equipment, at fair value	9,718	10,012
Total assets	10,528	11,192
Total borrowings	6,056	6,371
Total Liabilities	9,106	8,275
Carrying value of non-controlling interests	$ 847	1,452
TerraForm Power | Brookfield Infrastructure Fund III
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	34.90%
TerraForm Power | Brookfield Global Infrastructure Income Fund
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	6.80%
TerraForm Power | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	42%
Onpath
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	52.70%
Revenues	$ 13	0	0
Net income (loss)	2	0	0
Total comprehensive income (loss)	(4)	0	0
Net income allocated to non-controlling interests	1	0	0
Property, plant and equipment, at fair value	992	0
Total assets	1,261	0
Total borrowings	295	0
Total Liabilities	630	0
Carrying value of non-controlling interests	$ 335	0
Onpath | Brookfield Global Transition Fund II
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	49.70%
Onpath | Brookfield Global Infrastructure Income Fund
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	3%
Onpath | Bottom of range | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	3%
Onpath | Top of range | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	51%
Other
Disclosure of subsidiaries [line items]
Revenues	$ 230	170	19
Net income (loss)	(19)	45	66
Total comprehensive income (loss)	(172)	132	187
Net income allocated to non-controlling interests	(7)	30	$ 48
Property, plant and equipment, at fair value	4,294	1,936
Total assets	5,429	2,787
Total borrowings	2,036	651
Total Liabilities	2,845	1,178
Carrying value of non-controlling interests	$ 1,018	$ 484
Other | Bottom of range | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests			0.30%
Other | Top of range | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests			72%

NON-CONTROLLING INTERESTS - GP

NON-CONTROLLING INTERESTS - GP REU Distributions and Summary (Details) - USD ($) $ / shares in Units, $ in Millions		2 Months Ended	12 Months Ended
	Jun. 16, 2023	Feb. 29, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of subsidiaries [line items]
Redeemable and exchangeable partnership units, exchange ratio			1
Total cost of shares repurchased and cancelled			$ 43
Revenues			5,038	$ 4,711	$ 4,096
Net income (loss)			616	138	(66)
Comprehensive income			2,036	2,628	2,700
Property, plant and equipment, at fair value			64,005	54,283
Total assets			76,128	64,111
Total Liabilities			$ 46,149	$ 37,825
Bought Deal Basis
Disclosure of subsidiaries [line items]
Proceeds from issuing shares	$ 500
Brookfield Asset Management
Disclosure of subsidiaries [line items]
Ownership percentage			47%
GP interests | Ownership interest in BRELP | Brookfield Asset Management
Disclosure of subsidiaries [line items]
Ownership percentage			1%
LP Units
Disclosure of subsidiaries [line items]
Number of shares authorized for repurchase (in shares)				14,361,497
Authorized shares as a percentage of issued and outstanding shares				5%
Number of shares repurchased (in shares)		496,254	441,363	0
Total cost of shares repurchased and cancelled			$ 43	$ 0
LP Units | Bought Deal Basis
Disclosure of subsidiaries [line items]
Number of shares issued (in shares)	8,200,000
Value Of Shares Issued	$ 30.35
Redeemable Exchangeable Partnership Units GP Units
Disclosure of subsidiaries [line items]
Ownership percentage			25%
Exchangeable shares
Disclosure of subsidiaries [line items]
Number of shares authorized for repurchase (in shares)				8,982,586
Exchangeable shares | Bought Deal Basis
Disclosure of subsidiaries [line items]
Number of shares issued (in shares)	7,430,000
Value Of Shares Issued	$ 33.80
Exchangeable shares | TerraForm Power
Disclosure of subsidiaries [line items]
Number of shares exchanged (in shares)			8,465	12,308
Ordinary shares
Disclosure of subsidiaries [line items]
Number of shares outstanding (in shares)			287,164,340	275,358,750
Ordinary shares | Brookfield Asset Management
Disclosure of subsidiaries [line items]
Number of shares outstanding (in shares)			74,339,049	68,749,416
Ordinary shares | TerraForm Power
Disclosure of subsidiaries [line items]
Payments for shares exchanged			$ 1	$ 1
Non-controlling interest
Disclosure of subsidiaries [line items]
Distributions			622	570	531
Revenues			2,446	2,263	$ 1,844
Property, plant and equipment, at fair value			33,879	26,312
Total Liabilities			$ 22,070	$ 16,584
Non-controlling interest | BRELP
Disclosure of subsidiaries [line items]
Dividends recognized as distributions to owners per share (in dollars per share)			$ 0.2253
Incentive distribution, percent			25%
Non-controlling interest | GP interests
Disclosure of subsidiaries [line items]
Number of shares outstanding (in shares)			3,977,260	3,977,260	4,000,000
Distributions			$ 116	$ 100	$ 85
Net income allocated to non-controlling interests			111	92	$ 77
Non-controlling interests			$ 55	$ 59
Weighted average number of units (in shares)			4,000,000	4,000,000	4,000,000
Non-controlling interest | LP Units
Disclosure of subsidiaries [line items]
Number of shares outstanding (in shares)			287,200,000		275,400,000
Weighted average number of units (in shares)			282,400,000	275,200,000	274,900,000
Non-controlling interest | LP Units | BRELP
Disclosure of subsidiaries [line items]
Dividends recognized as distributions to owners per share (in dollars per share)			$ 0.20
Incentive distribution, percent			15%
Non-controlling interest | Redeemable Exchangeable Partnership Units GP Units
Disclosure of subsidiaries [line items]
Ownership percentage			100%
Non-controlling interest | Exchangeable shares
Disclosure of subsidiaries [line items]
Number of shares outstanding (in shares)			179,651,526	172,218,098
Weighted average number of units (in shares)			176,300,000	172,200,000	172,200,000
Non-controlling interest | Redeemable/exchangeable partnership units
Disclosure of subsidiaries [line items]
Number of shares outstanding (in shares)			194,487,939	194,487,939	194,500,000
Weighted average number of units (in shares)			194,500,000	194,500,000	194,500,000
Non-controlling interest | Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield
Disclosure of subsidiaries [line items]
Revenues			$ 5,038	$ 4,711	$ 4,096
Net income (loss)			616	138	(66)
Comprehensive income			2,036	2,628	2,700
Net income allocated to non-controlling interests			(63)	(117)	(135)
Property, plant and equipment, at fair value			64,005	54,283
Total assets			76,128	64,111
Carrying value			29,702	24,850
Total Liabilities			46,149	37,825
Non-controlling interests			$ 2,684	2,892
BEPC Exchangeable Participating Noncontrolling Interests Holding Subsidiaries
Disclosure of subsidiaries [line items]
Number of shares redeemed (in shares)			0
General partnership interest in a holding subsidiary held by Brookfield
Disclosure of subsidiaries [line items]
Net income (loss)			$ 111	92	77
Net income allocated to non-controlling interests			111	92	77
Non-controlling interests			55	59
General partnership interest in a holding subsidiary held by Brookfield | GP interests
Disclosure of subsidiaries [line items]
Distributions			5	6	5
Incentive distribution | GP interests
Disclosure of subsidiaries [line items]
Distributions			111	94	80
Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield
Disclosure of subsidiaries [line items]
Net income (loss)			(63)	(117)	(135)
Net income allocated to non-controlling interests			(63)	(117)	(135)
Non-controlling interests			2,684	2,892
Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield | Redeemable/exchangeable partnership units
Disclosure of subsidiaries [line items]
Distributions			265	250	237
Limited partners’ equity
Disclosure of subsidiaries [line items]
Total cost of shares repurchased and cancelled			43
Net income (loss)			(91)	(166)	(191)
Limited partners’ equity | Redeemable/exchangeable partnership units | Brookfield Renewable
Disclosure of subsidiaries [line items]
Distributions			61	58	53
External Shareholders | Redeemable/exchangeable partnership units
Disclosure of subsidiaries [line items]
Distributions			180	162	156
Total BEPC exchangeable shares | BEPC exchangeable shares
Disclosure of subsidiaries [line items]
Distributions			241	220	209
BEPC exchangeable shares
Disclosure of subsidiaries [line items]
Net income (loss)			(57)	(104)	(119)
Net income allocated to non-controlling interests			(57)	(104)	$ (119)
Non-controlling interests			$ 2,479	$ 2,561

NON-CONTROLLING INTERESTS - Pre

NON-CONTROLLING INTERESTS - Preferred Equity (Details) shares in Thousands, $ in Millions	1 Months Ended	12 Months Ended
	Dec. 31, 2023 USD ($) shares	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2023 CAD ($) shares	Apr. 30, 2021 USD ($)
Disclosure of preference shares [Line Items]
Dividends declared for the year ended		$ (2,530,000,000)	$ (2,299,000,000)	$ (1,769,000,000)
Distributions paid		27,000,000	26,000,000	26,000,000
Interest expense		1,627,000,000	1,224,000,000	981,000,000
Dividends paid		29,000,000	27,000,000	9,000,000
Perpetual subordinated notes
Disclosure of preference shares [Line Items]
Dividends declared for the year ended		(29,000,000)	(29,000,000)	(12,000,000)
Carrying value of non-controlling interests	$ 592,000,000	$ 592,000,000	592,000,000
Series 1 (C$136)
Disclosure of preference shares [Line Items]
Notional amount					$ 136
Earliest permitted redemption date		April 2025
Series 2 (C$113)
Disclosure of preference shares [Line Items]
Notional amount					113
Earliest permitted redemption date		April 2025
Series 3 (C$249)
Disclosure of preference shares [Line Items]
Notional amount					249
Earliest permitted redemption date		July 2024
Series 5 (C$103)
Disclosure of preference shares [Line Items]
Notional amount					103
Earliest permitted redemption date		April 2018
Series 6 (C$175)
Disclosure of preference shares [Line Items]
Notional amount					$ 175
Earliest permitted redemption date		July 2018
Perpetual subordinated notes
Disclosure of preference shares [Line Items]
Maximum capacity			$ 260,000,000			$ 350,000,000
Borrowings, interest rate			4.875%			4.625%
Interest expense		$ 29,000,000	$ 29,000,000	$ 12,000,000
Preferred equity
Disclosure of preference shares [Line Items]
Shares outstanding (in shares) | shares	31,030	31,030			31,030
Dividends declared for the year ended		$ 27,000,000	26,000,000
Carrying value of non-controlling interests	$ 583,000,000	$ 583,000,000	571,000,000
Series 1 (C$136)
Disclosure of preference shares [Line Items]
Shares outstanding (in shares) | shares	6,850	6,850			6,850
Cumulative dividend rate (%)		3.10%
Dividends declared for the year ended		$ 4,000,000	4,000,000
Carrying value of non-controlling interests	$ 129,000,000	$ 129,000,000	126,000,000
Series 2 (C$113)
Disclosure of preference shares [Line Items]
Shares outstanding (in shares) | shares	3,110	3,110			3,110
Cumulative dividend rate (%)		7.80%
Dividends declared for the year ended		$ 4,000,000	3,000,000
Carrying value of non-controlling interests	$ 58,000,000	$ 58,000,000	57,000,000
Series 3 (C$249)
Disclosure of preference shares [Line Items]
Shares outstanding (in shares) | shares	9,960	9,960			9,960
Cumulative dividend rate (%)		4.40%
Dividends declared for the year ended		$ 8,000,000	8,000,000
Carrying value of non-controlling interests	$ 187,000,000	$ 187,000,000	183,000,000
Series 5 (C$103)
Disclosure of preference shares [Line Items]
Shares outstanding (in shares) | shares	4,110	4,110			4,110
Cumulative dividend rate (%)		5%
Dividends declared for the year ended		$ 4,000,000	4,000,000
Carrying value of non-controlling interests	$ 77,000,000	$ 77,000,000	76,000,000
Series 6 (C$175)
Disclosure of preference shares [Line Items]
Shares outstanding (in shares) | shares	7,000	7,000			7,000
Cumulative dividend rate (%)		5%
Dividends declared for the year ended		$ 7,000,000	7,000,000
Carrying value of non-controlling interests	$ 132,000,000	$ 132,000,000	$ 129,000,000
Class A Preference Shares
Disclosure of preference shares [Line Items]
Percent of public float allowable for repurchase	10%
Repurchase of shares (in shares) | shares		0

PREFERRED LIMITED PARTNERS' E_3

PREFERRED LIMITED PARTNERS' EQUITY (Details) shares in Thousands, $ in Millions, $ in Millions	1 Months Ended	3 Months Ended	12 Months Ended
	Dec. 31, 2023 USD ($) shares	Jun. 30, 2023	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 USD ($)	Dec. 31, 2023 CAD ($) shares
Disclosure of preferred limited partners [Line Items]
Preferred limited partners’ equity	$ 760		$ 760	$ 760
Preferred limited partners’ equity
Disclosure of preferred limited partners [Line Items]
Number of shares outstanding (in shares) | shares	38,000		38,000			38,000
Dividends declared for the year ended			$ 41	44
Preferred limited partners’ equity	$ 760		760	760
Dividends recognised as distributions to owners			$ 41	44	$ 55
Series 7 (C$175)
Disclosure of preferred limited partners [Line Items]
Notional amount						$ 175
Number of shares outstanding (in shares) | shares	7,000		7,000			7,000
Dividend rate			5.50%
Earliest permitted redemption date			January 2026
Dividends declared for the year ended			$ 7	7
Preferred limited partners’ equity	$ 128		$ 128	128
Series 11 (C$250)
Disclosure of preferred limited partners [Line Items]
Notional amount						$ 250
Number of shares outstanding (in shares) | shares	0		0			0
Dividend rate			5%
Earliest permitted redemption date			April 2022
Dividends declared for the year ended			$ 0	3
Preferred limited partners’ equity	$ 0		$ 0	0
Series 13 (C$250)
Disclosure of preferred limited partners [Line Items]
Notional amount						$ 250
Number of shares outstanding (in shares) | shares	10,000		10,000			10,000
Dividend rate			6.05%
Earliest permitted redemption date			April 2028
Dividends declared for the year ended			$ 9	10
Preferred limited partners’ equity	$ 196		$ 196	196
Series 15 (C$175)
Disclosure of preferred limited partners [Line Items]
Notional amount						$ 175
Number of shares outstanding (in shares) | shares	7,000		7,000			7,000
Dividend rate			5.75%
Earliest permitted redemption date			April 2024
Dividends declared for the year ended			$ 7	8
Preferred limited partners’ equity	$ 126		$ 126	126
Series 17 ($200)
Disclosure of preferred limited partners [Line Items]
Notional amount						$ 200
Number of shares outstanding (in shares) | shares	8,000		8,000			8,000
Dividend rate			5.25%
Earliest permitted redemption date			March 2025
Dividends declared for the year ended			$ 11	11
Preferred limited partners’ equity	$ 195		$ 195	195
Series 18 (C$150)
Disclosure of preferred limited partners [Line Items]
Notional amount						$ 150
Number of shares outstanding (in shares) | shares	6,000		6,000			6,000
Dividend rate			5.50%
Earliest permitted redemption date			April 2027
Dividends declared for the year ended			$ 7	5
Preferred limited partners’ equity	$ 115		$ 115	$ 115
Class A Preferred Limited Partnership Series 13 Units
Disclosure of preferred limited partners [Line Items]
Preferred limited partners distribution		6.05%
Class A Preferred Limited Partnership Units
Disclosure of preferred limited partners [Line Items]
Percent of public float allowable for repurchase	10%
Repurchase of shares (in shares) | shares			0	0

LIMITED PARTNERS' EQUITY (Detai

LIMITED PARTNERS' EQUITY (Details) - USD ($) $ / shares in Units, $ in Millions		1 Months Ended	2 Months Ended	12 Months Ended
	Jun. 16, 2023	Feb. 29, 2024	Feb. 29, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Bought Deal Basis
Disclosure of limited partners equity [Line Items]
Proceeds from issuing shares	$ 500
Private Placement Offering
Disclosure of limited partners equity [Line Items]
Proceeds from issuing shares	650
Bought Deal And Private Placement Offering
Disclosure of limited partners equity [Line Items]
Distribution reinvestment plan	$ 20
Brookfield Asset Management
Disclosure of limited partners equity [Line Items]
Ownership percentage				47%
Ordinary shares
Disclosure of limited partners equity [Line Items]
Number of shares outstanding (in shares)				287,164,340	275,358,750
Percentage of units for normal course issuer bid				5%
Number of shares repurchased (in shares)				0
Ordinary shares | TerraForm Power
Disclosure of limited partners equity [Line Items]
Payments for shares exchanged				$ 1	$ 1
Ordinary shares | Distribution Reinvestment Plan
Disclosure of limited partners equity [Line Items]
Number of shares issued (in shares)				304,899	262,177
Distribution reinvestment plan				$ 8	$ 9
Ordinary shares | Brookfield Asset Management
Disclosure of limited partners equity [Line Items]
Number of shares outstanding (in shares)				74,339,049	68,749,416
GP interests | Brookfield Asset Management | Ownership interest in BEP
Disclosure of limited partners equity [Line Items]
Ownership percentage				0.01%
GP interests | Brookfield Asset Management | Ownership interest in BRELP
Disclosure of limited partners equity [Line Items]
Ownership percentage				1%
Exchangeable shares
Disclosure of limited partners equity [Line Items]
Maximum units for normal course issuer bid (in shares)				8,982,586
Exchangeable shares | TerraForm Power
Disclosure of limited partners equity [Line Items]
Number of shares exchanged (in shares)				(8,465)	(12,308)
Exchangeable shares | Bought Deal Basis
Disclosure of limited partners equity [Line Items]
Number of shares issued (in shares)	7,430,000
Value Of Shares Issued	$ 33.80
LP Units
Disclosure of limited partners equity [Line Items]
Maximum units for normal course issuer bid (in shares)				14,361,497
Number of shares repurchased and cancelled (in shares)				1,856,044	0
Total cost of shares repurchased and cancelled					$ 0
Number of shares repurchased (in shares)			496,254	441,363	0
Dividends recognised as distributions to owners				$ 383	$ 355
Distributions paid to owners, net of accruals				370	345	$ 325
LP Units | Forecast
Disclosure of limited partners equity [Line Items]
Dividends recognized as distributions to owners per share (in dollars per share)		$ 1.42
Dividends recognised as distributions to owners per share, incremental increase (in dollars per share)		$ 0.07
LP Units | Bought Deal Basis
Disclosure of limited partners equity [Line Items]
Number of shares issued (in shares)	8,200,000
Value Of Shares Issued	$ 30.35
LP Units | Private Placement Offering
Disclosure of limited partners equity [Line Items]
Number of shares issued (in shares)	5,148,270
LP Units | Brookfield Asset Management
Disclosure of limited partners equity [Line Items]
Dividends recognised as distributions to owners				97	88
LP Units | Public Shareholders
Disclosure of limited partners equity [Line Items]
Dividends recognised as distributions to owners				$ 286	$ 267
Redeemable Exchangeable Partnership Units GP Units
Disclosure of limited partners equity [Line Items]
Ownership percentage				25%
Brookfield Asset Management
Disclosure of limited partners equity [Line Items]
Number of shares outstanding (in shares)				313,640,823
Direct Ownership | Brookfield Asset Management | Ownership interest in BEP
Disclosure of limited partners equity [Line Items]
Ownership percentage				26%
Direct Ownership | Brookfield Asset Management | Ownership interest in BRELP
Disclosure of limited partners equity [Line Items]
Ownership percentage				40%

GOODWILL - Reconciliation of Go

GOODWILL - Reconciliation of Goodwill (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of changes in goodwill [abstract]
Beginning of year	$ 1,526	$ 966
Acquisitions through business combinations	340	691
Acquisitions through business combinations	(54)
Disposal	(18)
Foreign exchange and other	150	(131)	$ (121)
End of year	$ 1,944	$ 1,526	$ 966

GOODWILL - Goodwill Allocation

GOODWILL - Goodwill Allocation (Details) $ in Millions	Dec. 31, 2023 USD ($) GW MW	Dec. 14, 2023 MW GW	Dec. 31, 2022 USD ($)	Sep. 28, 2022 GW MW	Feb. 02, 2022 GW	Dec. 31, 2021 USD ($)	Mar. 31, 2021 MW
Disclosure of detailed information about intangible assets [line items]
Value-in-use method	$ 1,090		$ 803
Fair value less costs of disposal	150		164
Goodwill	1,944		1,526			$ 966
1.8 GW U.S. Distribution Generation Portfolio
Disclosure of detailed information about intangible assets [line items]
Solar power capacity | GW				1.8
1.7 GW Germany Portfolio
Disclosure of detailed information about intangible assets [line items]
Solar power capacity | GW					1.7
U.K. Wind Portfolio
Disclosure of detailed information about intangible assets [line items]
Wind power capacity | MW		260
Near-term development power capacity | MW		800
Late-stage project power capacity | GW		3
Europe Utility-scale solar Development
Disclosure of detailed information about intangible assets [line items]
Value-in-use method	78		66
Fair value less costs of disposal	103		100
Europe Utility-scale solar Development | 1.7 GW Germany Portfolio
Disclosure of detailed information about intangible assets [line items]
Value-in-use method	$ 68		66
Solar power capacity | GW	1.7
Europe Utility-scale solar Development | U.K. Wind Portfolio
Disclosure of detailed information about intangible assets [line items]
Value-in-use method	$ 10		0
Wind power capacity | MW	260
Near-term development power capacity | MW	800
Late-stage project power capacity | GW	3
Europe Wind
Disclosure of detailed information about intangible assets [line items]
Value-in-use method	$ 38		0
Fair value less costs of disposal	47		46
Europe Storage
Disclosure of detailed information about intangible assets [line items]
Value-in-use method	111		0
U.S. Utility-scale Solar
Disclosure of detailed information about intangible assets [line items]
Value-in-use method	307		287
U.S. Distrusted Generation
Disclosure of detailed information about intangible assets [line items]
Value-in-use method	350		424
U.S. Distrusted Generation | 360 MW and 700 MW Acquisitions
Disclosure of detailed information about intangible assets [line items]
Value-in-use method	115		115
Operating and under construction assets, power capacity | MW							360
Development assets, power capacity (in MW) | MW							700
U.S. Distrusted Generation | 500 MW Acquisition
Disclosure of detailed information about intangible assets [line items]
Value-in-use method	235		309
Operating and under construction assets, power capacity | MW				500
U.S. Distrusted Generation | 1.8 GW U.S. Distribution Generation Portfolio
Disclosure of detailed information about intangible assets [line items]
Solar power capacity | GW				1.8
U.S. Wind
Disclosure of detailed information about intangible assets [line items]
Value-in-use method	9		9
Chile Distributed Generation
Disclosure of detailed information about intangible assets [line items]
Value-in-use method	16		17
India Wind
Disclosure of detailed information about intangible assets [line items]
Value-in-use method	86		0
India Utility-Scale Solar
Disclosure of detailed information about intangible assets [line items]
Value-in-use method	77		0
India Distributed Generation
Disclosure of detailed information about intangible assets [line items]
Value-in-use method	18		0
South America Wind
Disclosure of detailed information about intangible assets [line items]
Fair value less costs of disposal	0		18
Colombia Hydroelectric
Disclosure of detailed information about intangible assets [line items]
Goodwill, non-core	$ 704		$ 559

GOODWILL - Narrative (Details)

GOODWILL - Narrative (Details)	12 Months Ended
	Dec. 31, 2023
Bottom of range
Disclosure of detailed information about intangible assets [line items]
Discount	10%
Terminal capitalization rate	2
Discrete cash flow period	2 years
Top of range
Disclosure of detailed information about intangible assets [line items]
Discount	14%
Terminal capitalization rate	6
Discrete cash flow period	6 years

CAPITAL MANAGEMENT (Details)

CAPITAL MANAGEMENT (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of objectives, policies and processes for managing capital [line items]
Corporate borrowings	$ 183	$ 249
Equity	29,979	26,286	$ 23,996	$ 21,767
Corporate borrowings
Disclosure of objectives, policies and processes for managing capital [line items]
Corporate borrowings	183	249
Carrying value	2,833	2,548	2,149
Deferred financing fees	$ 12	$ 10
Corporate
Disclosure of objectives, policies and processes for managing capital [line items]
Debt to total capitalization (market value)	12%	11%
Carrying value	$ 2,660	$ 2,307
Deferred income tax liabilities, net	0	0
Total capitalization	$ 13,776	$ 13,838
Debt to total capitalization	19%	17%
Consolidated
Disclosure of objectives, policies and processes for managing capital [line items]
Debt to total capitalization (market value)	40%	39%
Carrying value	$ 29,680	$ 24,628
Deferred income tax liabilities, net	6,930	6,331
Total capitalization	$ 66,589	$ 57,245
Debt to total capitalization	45%	43%
Non-controlling interest
Disclosure of objectives, policies and processes for managing capital [line items]
Equity	$ 25,256	$ 21,430
Non-controlling interest | Corporate
Disclosure of objectives, policies and processes for managing capital [line items]
Equity	0	0
Non-controlling interest | Consolidated
Disclosure of objectives, policies and processes for managing capital [line items]
Equity	18,863	14,755
Preferred equity | Corporate
Disclosure of objectives, policies and processes for managing capital [line items]
Equity	583	571
Preferred equity | Consolidated
Disclosure of objectives, policies and processes for managing capital [line items]
Equity	583	571
Perpetual subordinated notes
Disclosure of objectives, policies and processes for managing capital [line items]
Equity	592	592	592	0
Perpetual subordinated notes | Corporate
Disclosure of objectives, policies and processes for managing capital [line items]
Equity	592	592
Perpetual subordinated notes | Consolidated
Disclosure of objectives, policies and processes for managing capital [line items]
Equity	592	592
Preferred limited partners’ equity
Disclosure of objectives, policies and processes for managing capital [line items]
Equity	760	760	$ 881	$ 1,028
Preferred limited partners’ equity | Corporate
Disclosure of objectives, policies and processes for managing capital [line items]
Equity	760	760
Preferred limited partners’ equity | Consolidated
Disclosure of objectives, policies and processes for managing capital [line items]
Equity	760	760
Unitholders’ equity | Corporate
Disclosure of objectives, policies and processes for managing capital [line items]
Equity	9,181	9,608
Unitholders’ equity | Consolidated
Disclosure of objectives, policies and processes for managing capital [line items]
Equity	9,181	9,608
Commercial paper | Corporate
Disclosure of objectives, policies and processes for managing capital [line items]
Corporate borrowings	183	249
Commercial paper | Consolidated
Disclosure of objectives, policies and processes for managing capital [line items]
Corporate borrowings	183	249
Medium term notes | Corporate
Disclosure of objectives, policies and processes for managing capital [line items]
Carrying value	2,660	2,307
Deferred financing fees	10	8
Medium term notes | Consolidated
Disclosure of objectives, policies and processes for managing capital [line items]
Carrying value	2,660	2,307
Non-recourse borrowings | Corporate
Disclosure of objectives, policies and processes for managing capital [line items]
Carrying value	0	0
Non-recourse borrowings | Consolidated
Disclosure of objectives, policies and processes for managing capital [line items]
Carrying value	27,020	22,321
Subscription Facility | Brookfield Renewable
Disclosure of objectives, policies and processes for managing capital [line items]
Consolidated non-recourse borrowings	$ 2,626	$ 1,838

EQUITY-ACCOUNTED INVESTMENTS -

EQUITY-ACCOUNTED INVESTMENTS - Summary of Changes in Equity Accounted Investments (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Oct. 10, 2023	Mar. 17, 2023 MW
Equity Accounted Investments [Roll Forward]
Balance, beginning of year	$ 1,392	$ 1,107	$ 971
Acquisitions through business combinations	44	0	0
Investment	700	373	57
Return of capital	0	(3)	(8)
Share of net income	186	96	22
Share of other comprehensive income (loss)	162	(65)	148
Dividends received	(58)	(89)	(78)
Change in basis of accounting	105	0	0
Foreign exchange translation and other	15	(27)	(5)
Balance, end of year	$ 2,546	$ 1,392	$ 1,107
378 MW U.S. Hydroelectric Portfolio
Equity Accounted Investments [Roll Forward]
Hydro power capacity | MW					378
X-Elio
Equity Accounted Investments [Roll Forward]
Percentage of voting equity interests acquired				4.20%
Brookfield Renewable and Institutional Partners | X-Elio
Equity Accounted Investments [Roll Forward]
Percentage of voting equity interests acquired				50%

EQUITY-ACCOUNTED INVESTMENTS _2

EQUITY-ACCOUNTED INVESTMENTS - Ownership Interests and Carrying Value of Joint Ventures (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of associates [line items]
Equity-accounted investments	$ 2,546	$ 1,392	$ 1,107	$ 971
Joint ventures [member]
Disclosure of associates [line items]
Equity-accounted investments	2,546	1,392
Hydroelectric | Joint ventures [member]
Disclosure of associates [line items]
Equity-accounted investments	$ 225	$ 111
Hydroelectric | Bottom of range | Joint ventures [member]
Disclosure of associates [line items]
Ownership Interest	14%	14%
Hydroelectric | Top of range | Joint ventures [member]
Disclosure of associates [line items]
Ownership Interest	50%	50%
Wind | Joint ventures [member]
Disclosure of associates [line items]
Ownership Interest		25%
Equity-accounted investments	$ 159	$ 108
Wind | Bottom of range | Joint ventures [member]
Disclosure of associates [line items]
Ownership Interest	25%
Wind | Top of range | Joint ventures [member]
Disclosure of associates [line items]
Ownership Interest	50%
Solar | Joint ventures [member]
Disclosure of associates [line items]
Equity-accounted investments	$ 304	$ 107
Solar | Bottom of range | Joint ventures [member]
Disclosure of associates [line items]
Ownership Interest	25%	25%
Solar | Top of range | Joint ventures [member]
Disclosure of associates [line items]
Ownership Interest	65%	65%
Distributed energy & storage | Joint ventures [member]
Disclosure of associates [line items]
Equity-accounted investments	$ 1,049	$ 815
Distributed energy & storage | Bottom of range | Joint ventures [member]
Disclosure of associates [line items]
Ownership Interest	25%	25%
Distributed energy & storage | Top of range | Joint ventures [member]
Disclosure of associates [line items]
Ownership Interest	50%	50%
Sustainable solutions | Joint ventures [member]
Disclosure of associates [line items]
Equity-accounted investments	$ 809	$ 251
Sustainable solutions | Bottom of range | Joint ventures [member]
Disclosure of associates [line items]
Ownership Interest	4%	8%
Sustainable solutions | Top of range | Joint ventures [member]
Disclosure of associates [line items]
Ownership Interest	49%	49%

EQUITY-ACCOUNTED INVESTMENTS _3

EQUITY-ACCOUNTED INVESTMENTS - Total Assets and Total Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Disclosure of associates [line items]
Total assets	$ 76,128	$ 64,111
Total Liabilities	46,149	37,825
Joint ventures [member]
Disclosure of associates [line items]
Total assets	17,891	8,617
Total Liabilities	5,638	3,397
Joint ventures [member] | Hydroelectric
Disclosure of associates [line items]
Total assets	1,221	550
Total Liabilities	422	223
Joint ventures [member] | Wind
Disclosure of associates [line items]
Total assets	1,019	472
Total Liabilities	383	20
Joint ventures [member] | Solar
Disclosure of associates [line items]
Total assets	2,884	457
Total Liabilities	1,160	70
Joint ventures [member] | Distributed energy & storage
Disclosure of associates [line items]
Total assets	5,010	4,248
Total Liabilities	2,109	1,944
Joint ventures [member] | Sustainable solutions
Disclosure of associates [line items]
Total assets	7,757	2,890
Total Liabilities	$ 1,564	$ 1,140

EQUITY-ACCOUNTED INVESTMENTS _4

EQUITY-ACCOUNTED INVESTMENTS - Total Revenues, Net Income, and OCI of Investments in Joint Ventures (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of associates [line items]
Revenues	$ 5,038	$ 4,711	$ 4,096
Net income (loss)	616	138	(66)
Other comprehensive income (loss)	1,420	2,490	2,766
Hydroelectric
Disclosure of associates [line items]
Revenues	2,689	2,527	2,150
Wind
Disclosure of associates [line items]
Revenues	1,213	1,146	1,074
Solar
Disclosure of associates [line items]
Revenues	751	700	563
Distributed energy & storage
Disclosure of associates [line items]
Revenues	350	298	267
Sustainable solutions
Disclosure of associates [line items]
Revenues	35	40	42
Joint ventures [member]
Disclosure of associates [line items]
Revenues	1,753	963	465
Net income (loss)	811	364	79
Other comprehensive income (loss)	505	(83)	375
Joint ventures [member] | Hydroelectric
Disclosure of associates [line items]
Revenues	105	18	16
Net income (loss)	74	69	(15)
Other comprehensive income (loss)	(14)	(73)	170
Joint ventures [member] | Wind
Disclosure of associates [line items]
Revenues	0	0	0
Net income (loss)	3	68	20
Other comprehensive income (loss)	21	42	2
Joint ventures [member] | Solar
Disclosure of associates [line items]
Revenues	28	0	0
Net income (loss)	478	(24)	(18)
Other comprehensive income (loss)	63	2	(53)
Joint ventures [member] | Distributed energy & storage
Disclosure of associates [line items]
Revenues	604	582	449
Net income (loss)	210	240	92
Other comprehensive income (loss)	373	(54)	256
Joint ventures [member] | Sustainable solutions
Disclosure of associates [line items]
Revenues	1,016	363	0
Net income (loss)	46	11	0
Other comprehensive income (loss)	$ 62	$ 0	$ 0

CASH AND CASH EQUIVALENTS (Deta

CASH AND CASH EQUIVALENTS (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash and cash equivalents [abstract]
Cash	$ 821	$ 728
Cash subject to restriction	251	268
Short-term deposits	69	2
Total cash and cash equivalents	$ 1,141	$ 998	$ 900	$ 607

RESTRICTED CASH (Details)

RESTRICTED CASH (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Disclosure Restricted Cash [Abstract]
Operations	$ 299	$ 93
Credit obligations	79	56
Capital expenditures and development projects	13	42
Total	391	191
Less: non-current	(81)	(52)
Current	$ 310	$ 139

TRADE RECEIVABLES AND OTHER C_3

TRADE RECEIVABLES AND OTHER CURRENT ASSETS (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Disclosure Trade Receivables and Other Current Assets [Abstract]
Trade receivables	$ 662	$ 672
Inventory	111	42
Collateral deposits	178	609
Prepaids and others	127	86
Sales tax receivable	94	73
Income tax receivables	74	74
Current portion of contract asset	61	54
Short term deposits and advances	23	113
Other short-term receivables	187	137
Trade receivables and other current assets, net	$ 1,517	$ 1,860
% of trade receivables that is current	86%	89%

OTHER LONG-TERM ASSETS - Other

OTHER LONG-TERM ASSETS - Other Long Term-Assets (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Disclosure Other Long Term Assets [Abstract]
Contract asset	$ 314	$ 341
Long-term receivables	382	235
Due from related parties	135	128
Restricted cash	81	52
Intangibles	15	209
Other	84	86
Other long-term assets, net	$ 1,011	$ 1,051

ACCOUNTS PAYABLE AND ACCRUED _3

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Disclosure Accounts Payable and Accured Liabilities [Abstract]
Operating accrued liabilities	$ 603	$ 440
Accounts payable	388	276
Interest payable on borrowings	301	153
LP unitholders' distributions, preferred limited partnership unit distributions and preferred dividends payable	58	53
Current portion of lease liabilities	41	33
Income tax payable	41	78
Current portion of contract liability	35	24
Other	72	29
Total accounts payable and accrued liabilities	$ 1,539	$ 1,086

PROVISIONS - Change in Decommis

PROVISIONS - Change in Decommissioning Liabilities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Reconciliation of changes in other provisions [abstract]
Balance, beginning of the year	$ 479	$ 668
Acquisitions through business combinations	227	54
Disposal	(1)	(1)
Accretion	13	15
Unwind of Discount	253	(245)
Foreign exchange	6	(12)
Other	(1)	0
Balance, end of the year	$ 976	$ 479

PROVISIONS - Narrative (Details

PROVISIONS - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Other Provisions, Contingent Liabilities And Contingent Assets [Abstract]
Other provisions	$ 976	$ 479	$ 668
Disclosure of other provisions [line items]
Other provisions	976	479	$ 668
Contingent And Deferred Consideration Related To Acquisitions
Other Provisions, Contingent Liabilities And Contingent Assets [Abstract]
Other provisions	249	68
Disclosure of other provisions [line items]
Other provisions	$ 249	$ 68

OTHER LONG-TERM LIABILITIES (De

OTHER LONG-TERM LIABILITIES (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Disclosure Other Long Term Liabilities [Abstract]
Contract liability	$ 680	$ 662
Lease liabilities	727	526
Regulatory liabilities	104	149
Pension obligations	66	51
Concession payment liability	2	10
Other	185	132
Other long-term liabilities	$ 1,764	$ 1,530

COMMITMENTS, CONTINGENCIES AN_3

COMMITMENTS, CONTINGENCIES AND GUARANTEES - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of finance lease and operating lease by lessee [line items]
Development project cost	$ 2,783	$ 1,126
Less than 1 year
Disclosure of finance lease and operating lease by lessee [line items]
Payments for development project expenditure	2,200	1,059
In Two Years
Disclosure of finance lease and operating lease by lessee [line items]
Payments for development project expenditure	583	63
Thereafter
Disclosure of finance lease and operating lease by lessee [line items]
Payments for development project expenditure	$ 1	$ 4

COMMITMENTS, CONTINGENCIES AN_4

COMMITMENTS, CONTINGENCIES AND GUARANTEES - Assets and Portfolio Assets Brookfield & Partners Have Agreed to Acquire (Details) - Forecast ¥ in Millions, R$ in Millions, $ in Millions	3 Months Ended			36 Months Ended
	Dec. 31, 2024 USD ($) MW	Dec. 31, 2024 CNY (¥) MW	Mar. 31, 2024 USD ($) MW	Dec. 31, 2026 USD ($) MW	Dec. 31, 2026 BRL (R$) MW
China, Wind, 102 MW development
Disclosure of finance lease and operating lease by lessee [line items]
Wind power capacity	102	102
Consideration	$ 16	¥ 84
Brookfield Renewable Economic Interest	20%	20%
China, Wind, 350 MW development
Disclosure of finance lease and operating lease by lessee [line items]
Wind power capacity	350	350
Consideration	$ 110	¥ 577
Brookfield Renewable Economic Interest	20%	20%
Brazil, Distributed energy & storage, 730 MW development
Disclosure of finance lease and operating lease by lessee [line items]
Distributed energy and storage capacity				730	730
Consideration				$ 28	R$ 136
Brookfield Renewable Economic Interest				20%	20%
US, Distributed energy & storage, 25 MW development
Disclosure of finance lease and operating lease by lessee [line items]
Distributed energy and storage capacity				25	25
Consideration | $			$ 20
Brookfield Renewable Economic Interest			25%
US, Distributed energy &storage, 93 MW development
Disclosure of finance lease and operating lease by lessee [line items]
Distributed energy and storage capacity			93
Consideration | $			$ 86
Brookfield Renewable Economic Interest			2,000%

COMMITMENTS, CONTINGENCIES AN_5

COMMITMENTS, CONTINGENCIES AND GUARANTEES - Letters of Credit Issued by Brookfield (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Disclosure of finance lease and operating lease by lessee [line items]
Estimated contingent liabilities for letters of credit	$ 2,126	$ 1,609
Brookfield Renewable along with institutional partners
Disclosure of finance lease and operating lease by lessee [line items]
Estimated contingent liabilities for letters of credit	100	99
Brookfield Renewable's subsidiaries
Disclosure of finance lease and operating lease by lessee [line items]
Estimated contingent liabilities for letters of credit	$ 2,026	$ 1,510

RELATED PARTY TRANSACTIONS - Pr

RELATED PARTY TRANSACTIONS - Principal and Revenue Agreements (Details) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2023 agreement	Dec. 31, 2023 USD ($) $ / MWh facility $ / MWh	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Disclosure of transactions between related parties [line items]
Management service fee payments | $		$ 205	$ 243	$ 288
Energy marketing fees | $		$ 5	1	8
Number of long-term power purchase agreements amended | agreement	2
Number of facilities, all energy purchased | facility		2
Management service fee | $		$ 205	$ 243	$ 288
Power Purchase Agreement Hydro Pontiac
Disclosure of transactions between related parties [line items]
Power purchase agreement, term		20 years
Brookfield Renewable
Disclosure of transactions between related parties [line items]
Management fee fixed component quarterly | $		$ 5
Capitalization for management fees | $		22,000
Initial capitalization for management fees | $		8,000
Management fee fixed component | $		$ 26
Brookfield Renewable | Power purchase agreement GLPL
Disclosure of transactions between related parties [line items]
Average price per MWh | $ / MWh		100
Average price adjustment fixed rate percent		3%
Option to extend a fixed price commitment, per MWh | $ / MWh		60
Brookfield Renewable | Power purchase agreement MPT
Disclosure of transactions between related parties [line items]
Average price per MWh | $ / MWh		127
Average price adjustment fixed rate percent		3%
Brookfield Renewable | Power purchase agreement BPUSHA
Disclosure of transactions between related parties [line items]
Electricity prices | $ / MWh		75
Annual increment as % of CPI		40%
Maximum annual increment in power purchase agreements		3%
Reduction in price per MWh, tranche one | $ / MWh		3
Reduction in price per MWh, tranche two | $ / MWh		5.03
Brookfield Renewable | Power purchase agreement hydro pontiac one
Disclosure of transactions between related parties [line items]
Electricity prices | $ / MWh		68
Annual increment as % of CPI		40%

RELATED PARTY TRANSACTIONS - Vo

RELATED PARTY TRANSACTIONS - Voting Agreements (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Oct. 10, 2023
Disclosure of transactions between related parties [line items]
Increase (decrease) in equity	$ (3,693)	$ (2,290)	$ (2,229)
X-Elio
Disclosure of transactions between related parties [line items]
Percentage of voting equity interests acquired				4.20%
Brookfield Renewable and Institutional Partners | X-Elio
Disclosure of transactions between related parties [line items]
Percentage of voting equity interests acquired				50%
Brookfield Americas Infrastructure Fund | Bottom of range | Brookfield Renewable
Disclosure of transactions between related parties [line items]
Proportion of ownership interest in subsidiary	22%
Brookfield Americas Infrastructure Fund | Top of range | Brookfield Renewable
Disclosure of transactions between related parties [line items]
Proportion of ownership interest in subsidiary	25%
Brookfield Infrastructure Fund II | Bottom of range | Brookfield Renewable
Disclosure of transactions between related parties [line items]
Proportion of ownership interest in subsidiary	40%
Brookfield Infrastructure Fund II | Top of range | Brookfield Renewable
Disclosure of transactions between related parties [line items]
Proportion of ownership interest in subsidiary	50.10%
Brookfield Infrastructure Fund III | Bottom of range | Brookfield Renewable
Disclosure of transactions between related parties [line items]
Proportion of ownership interest in subsidiary	23%
Brookfield Infrastructure Fund III | Top of range | Brookfield Renewable
Disclosure of transactions between related parties [line items]
Proportion of ownership interest in subsidiary	31%
Subsidiaries with material non-controlling interests | Brookfield Renewable
Disclosure of transactions between related parties [line items]
Proportion of ownership interest in subsidiary	30%
Brookfield Infrastructure Fund IV | Bottom of range | Brookfield Renewable
Disclosure of transactions between related parties [line items]
Proportion of ownership interest in subsidiary	25%
Brookfield Global Transition Fund I | Bottom of range | Brookfield Renewable
Disclosure of transactions between related parties [line items]
Proportion of ownership interest in subsidiary	20%
Brookfield Global Transition Fund II | Bottom of range | Brookfield Renewable
Disclosure of transactions between related parties [line items]
Proportion of ownership interest in subsidiary	20%
Brookfield Infrastructure Fund V | Bottom of range | Brookfield Renewable
Disclosure of transactions between related parties [line items]
Proportion of ownership interest in subsidiary	25%

RELATED PARTY TRANSACTIONS - Ot

RELATED PARTY TRANSACTIONS - Other Agreements (Details) - USD ($) $ in Millions				12 Months Ended
	Dec. 29, 2023	Dec. 28, 2023	Nov. 07, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of transactions between related parties [line items]
Non-recourse borrowings				$ 26,839	$ 21,117
Corporate borrowings				2,650	2,299
Financial instrument liabilities				2,433	1,670
Other long-term liabilities				1,764	1,530
Due to related parties				835	588
Increase (decrease) in equity				(3,693)	(2,290)	$ (2,229)
Interest expense				1,627	1,224	981
Westinghouse Electric Corporation
Disclosure of transactions between related parties [line items]
Percentage of voting equity interests acquired			100%
Investment in equity-accounted investments			$ 442
Economic interest held			10.11%
Sudsidiary
Disclosure of transactions between related parties [line items]
Ownership interest transferred	8%
Brookfield Reinsurance and Associates
Disclosure of transactions between related parties [line items]
Other long-term liabilities				11	11
Brookfield Reinsurance
Disclosure of transactions between related parties [line items]
Corporate borrowings				8	7
Financial instrument liabilities				2	3
Due to related parties				450	321
TerraForm Power | Sudsidiary
Disclosure of transactions between related parties [line items]
Percentage of voting equity interests acquired		13.75%
Increase (decrease) in equity		$ 483
Increase (decrease) in due to related parties		$ 483
Brookfield Renewable and Institutional Partners
Disclosure of transactions between related parties [line items]
Equity interests transferred for investment	$ 20
Brookfield Renewable and Institutional Partners | Westinghouse Electric Corporation
Disclosure of transactions between related parties [line items]
Investment in equity-accounted investments			$ 4,370
Economic interest held			51%
Cameco Corporation | Westinghouse Electric Corporation
Disclosure of transactions between related parties [line items]
Economic interest held			49%
Series 8 | Medium term notes
Disclosure of transactions between related parties [line items]
Carrying value				400
Unsecured Revolving Credit Facility
Disclosure of transactions between related parties [line items]
Funds placed on deposit				0	0
Interest expense				0	0	$ 2
Subscription Facility | Brookfield Reinsurance and Associates
Disclosure of transactions between related parties [line items]
Non-recourse borrowings				$ 101	$ 93

RELATED PARTY TRANSACTIONS - In

RELATED PARTY TRANSACTIONS - Income Statement (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues
Power purchase and revenue agreements	$ 14	$ 21	$ 103
Direct operating costs
Energy marketing fee & other services	(5)	(1)	(8)
Insurance services	0	0	(26)
Total related party direct operating costs
Interest expense
Borrowings	(35)	0	(2)
Contract balance accretion	(26)	(20)	(21)
Interest expense	(61)	(20)	(23)
Distribution income	8	0	0
Other related party services	3	(5)	(4)
Financial instrument gain/(loss)	21	5	0
Management service costs	(205)	(243)	(288)
Brookfield Asset Management
Direct operating costs
Insurance services	$ 0	$ 0	$ 0

RELATED PARTY TRANSACTIONS - Ba

RELATED PARTY TRANSACTIONS - Balance Sheet (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Disclosure of transactions between related parties [line items]
Due from related parties and current contract assets	$ 1,443	$ 123
Financial instrument assets	199	125
Non-current amounts due from related parties	135	128
Current portion of contract liability	35	24
Financial instrument liabilities	687	559
To Current Liabilities Due To Related Parties	835	588
Financial instrument liabilities	2,433	1,670
Due to related parties	705	1
Corporate borrowings	2,650	2,299
Non-recourse borrowings	26,839	21,117
Contract liability	680	662
Other long-term liabilities	1,764	1,530
Brookfield Renewable
Disclosure of transactions between related parties [line items]
Current contract assets	61	54
Current amounts due from related parties	1,386	105
Financial instrument assets	170	395
Non-current contract assets	314	341
Current portion of contract liability	35	24
Current amounts due to related parties	541	205
Accrued distributions payable on LP units, BEPC exchangeable shares, Redeemable/Exchangeable partnership units and GP interest	39	38
Due to related parties	496	0
Contract liability	680	662
Brookfield Renewable | Brookfield Infrastructure Fund IV
Disclosure of transactions between related parties [line items]
Due to related parties	6	39
Brookfield Renewable | Brookfield Global Transition Fund I
Disclosure of transactions between related parties [line items]
Due to related parties	81	64
Receivables due from related parties	1,328	45
Brookfield Renewable | Brookfield Global Transition Fund II
Disclosure of transactions between related parties [line items]
Due to related parties	307	0
Equity-accounted investments and other
Disclosure of transactions between related parties [line items]
Current amounts due from related parties	57	18
Non-current amounts due from related parties	135	128
Current amounts due to related parties	13	24
Due to related parties	209	1
Brookfield Reinsurance
Disclosure of transactions between related parties [line items]
Financial instrument liabilities	2	3
Current amounts due to related parties	242	321
Financial instrument liabilities	2	3
Corporate borrowings	8	7
Brookfield Reinsurance and Associates
Disclosure of transactions between related parties [line items]
Other long-term liabilities	11	11
Brookfield Reinsurance and Associates | Subscription Facility
Disclosure of transactions between related parties [line items]
Non-recourse borrowings	$ 101	$ 93

SUPPLEMENTAL INFORMATION (Detai

SUPPLEMENTAL INFORMATION (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from (used in) operating activities [abstract]
Trade receivables and other current assets	$ 540	$ (296)	$ (515)
Accounts payable and accrued liabilities	(60)	109	(282)
Other assets and liabilities	(12)	(7)	81
Increase (decrease) in working capital	$ 468	$ (194)	$ (716)

SUBSIDIARY PUBLIC ISSUERS - Bal

SUBSIDIARY PUBLIC ISSUERS - Balance Sheet (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of subsidiaries [line items]
Current assets	$ 4,610	$ 4,183
Long-term assets	71,518	59,928
Current liabilities	8,038	4,943
Long-term liabilities	38,111	32,882
Equity	29,979	26,286	$ 23,996	$ 21,767
Non-controlling interest
Disclosure of subsidiaries [line items]
Equity	25,256	21,430
Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Non-controlling interests	18,863	14,755
Equity	18,863	14,755	12,303	11,100
Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield
Disclosure of subsidiaries [line items]
Non-controlling interests	2,684	2,892
Equity	2,684	2,892	2,894	2,721
BEPC exchangeable shares
Disclosure of subsidiaries [line items]
Non-controlling interests	2,479	2,561
Equity	2,479	2,561	2,562	2,408
Preferred equity
Disclosure of subsidiaries [line items]
Non-controlling interests	583	571
Equity	583	571	613	609
Perpetual subordinated notes
Disclosure of subsidiaries [line items]
Non-controlling interests	592	592
Equity	592	592	$ 592	$ 0
Preferred limited partners’ equity
Disclosure of subsidiaries [line items]
Equity	760	760
Brookfield Renewable
Disclosure of subsidiaries [line items]
Current assets	65	61
Long-term assets	4,735	4,860
Current liabilities	72	60
Long-term liabilities	0	0
Brookfield Renewable | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Non-controlling interests	0	0
Brookfield Renewable | Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield
Disclosure of subsidiaries [line items]
Non-controlling interests	0	0
Brookfield Renewable | BEPC exchangeable shares
Disclosure of subsidiaries [line items]
Non-controlling interests	0	0
Brookfield Renewable | Preferred equity
Disclosure of subsidiaries [line items]
Equity	0	0
Brookfield Renewable | Perpetual subordinated notes
Disclosure of subsidiaries [line items]
Equity	0	0
Brookfield Renewable | Preferred limited partners’ equity
Disclosure of subsidiaries [line items]
Equity	760	761
BRP Equity
Disclosure of subsidiaries [line items]
Current assets	400	391
Long-term assets	246	241
Current liabilities	8	7
Long-term liabilities	0	0
BRP Equity | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Non-controlling interests	0	0
BRP Equity | Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield
Disclosure of subsidiaries [line items]
Non-controlling interests	0	0
BRP Equity | BEPC exchangeable shares
Disclosure of subsidiaries [line items]
Non-controlling interests	0	0
BRP Equity | Preferred equity
Disclosure of subsidiaries [line items]
Equity	583	571
BRP Equity | Perpetual subordinated notes
Disclosure of subsidiaries [line items]
Equity	0	0
BRP Equity | Preferred limited partners’ equity
Disclosure of subsidiaries [line items]
Equity	0	0
Canadian Finco
Disclosure of subsidiaries [line items]
Current assets	2,695	2,336
Long-term assets	2	3
Current liabilities	32	30
Long-term liabilities	2,650	2,299
Canadian Finco | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Non-controlling interests	0	0
Canadian Finco | Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield
Disclosure of subsidiaries [line items]
Non-controlling interests	0	0
Canadian Finco | BEPC exchangeable shares
Disclosure of subsidiaries [line items]
Non-controlling interests	0	0
Canadian Finco | Preferred equity
Disclosure of subsidiaries [line items]
Equity	0	0
Canadian Finco | Perpetual subordinated notes
Disclosure of subsidiaries [line items]
Equity	0	0
Canadian Finco | Preferred limited partners’ equity
Disclosure of subsidiaries [line items]
Equity	0	0
Subsidiary Credit Supporters
Disclosure of subsidiaries [line items]
Current assets	790	834
Long-term assets	44,239	33,830
Current liabilities	8,406	7,877
Long-term liabilities	56	16
Subsidiary Credit Supporters | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Non-controlling interests	0	0
Subsidiary Credit Supporters | Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield
Disclosure of subsidiaries [line items]
Non-controlling interests	2,684	2,892
Subsidiary Credit Supporters | BEPC exchangeable shares
Disclosure of subsidiaries [line items]
Non-controlling interests	0	0
Subsidiary Credit Supporters | Preferred equity
Disclosure of subsidiaries [line items]
Equity	0	0
Subsidiary Credit Supporters | Perpetual subordinated notes
Disclosure of subsidiaries [line items]
Equity	592	592
Subsidiary Credit Supporters | Preferred limited partners’ equity
Disclosure of subsidiaries [line items]
Equity	765	765
Other Subsidiaries
Disclosure of subsidiaries [line items]
Current assets	4,611	4,172
Long-term assets	71,435	59,860
Current liabilities	7,658	4,455
Long-term liabilities	35,405	30,567
Other Subsidiaries | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Non-controlling interests	18,863	14,755
Other Subsidiaries | Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield
Disclosure of subsidiaries [line items]
Non-controlling interests	0	0
Other Subsidiaries | BEPC exchangeable shares
Disclosure of subsidiaries [line items]
Non-controlling interests	2,479	2,561
Other Subsidiaries | Preferred equity
Disclosure of subsidiaries [line items]
Equity	0	0
Other Subsidiaries | Perpetual subordinated notes
Disclosure of subsidiaries [line items]
Equity	0	0
Other Subsidiaries | Preferred limited partners’ equity
Disclosure of subsidiaries [line items]
Equity	0	0
Consolidating adjustments
Disclosure of subsidiaries [line items]
Current assets	(3,951)	(3,611)
Long-term assets	(49,139)	(38,866)
Current liabilities	(8,138)	(7,486)
Long-term liabilities	0	0
Consolidating adjustments | Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Non-controlling interests	0	0
Consolidating adjustments | Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield
Disclosure of subsidiaries [line items]
Non-controlling interests	0	0
Consolidating adjustments | BEPC exchangeable shares
Disclosure of subsidiaries [line items]
Non-controlling interests	0	0
Consolidating adjustments | Preferred equity
Disclosure of subsidiaries [line items]
Equity	0	0
Consolidating adjustments | Perpetual subordinated notes
Disclosure of subsidiaries [line items]
Equity	0	0
Consolidating adjustments | Preferred limited partners’ equity
Disclosure of subsidiaries [line items]
Equity	$ (765)	$ (766)

SUBSIDIARY PUBLIC ISSUERS - Inc

SUBSIDIARY PUBLIC ISSUERS - Income Statement (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of subsidiaries [line items]
Revenues	$ 5,038	$ 4,711	$ 4,096
Net income (loss)	616	138	(66)
Brookfield Renewable
Disclosure of subsidiaries [line items]
Revenues	0	0	0
Net income (loss)	(50)	(122)	(136)
BRP Equity
Disclosure of subsidiaries [line items]
Revenues	0	0	0
Net income (loss)	0	0	0
Canadian Finco
Disclosure of subsidiaries [line items]
Revenues	0	0	0
Net income (loss)	3	2	0
Subsidiary Credit Supporters
Disclosure of subsidiaries [line items]
Revenues	0	0	0
Net income (loss)	(724)	(1,322)	(1,185)
Other Subsidiaries
Disclosure of subsidiaries [line items]
Revenues	5,038	4,711	4,096
Net income (loss)	1,686	772	561
Consolidating adjustments
Disclosure of subsidiaries [line items]
Revenues	0	0	0
Net income (loss)	$ (299)	$ 808	$ 694

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) $ in Millions	2 Months Ended	12 Months Ended
	Feb. 29, 2024 USD ($) MW shares	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 USD ($)
Disclosure of non-adjusting events after reporting period [line items]
Repurchase of Limited Partnership and Preference Shares		$ 43	$ 252	$ 153
LP Units
Disclosure of non-adjusting events after reporting period [line items]
Number of shares repurchased (in shares) | shares	496,254	441,363	0
Repurchase of Limited Partnership and Preference Shares	$ 12
47 MW Distribution Generation Portfolio
Disclosure of non-adjusting events after reporting period [line items]
Economic interest held	20%
Investment in equity-accounted investments	$ 17
Operating and under construction assets, power capacity | MW	93
47 MW Distribution Generation Portfolio | Brookfield Renewable and Institutional Partners
Disclosure of non-adjusting events after reporting period [line items]
Investment in equity-accounted investments	$ 86
60 MW Distribution Generation Portfolio
Disclosure of non-adjusting events after reporting period [line items]
Economic interest held	25%
Investment in equity-accounted investments	$ 11
Operating and under construction assets, power capacity | MW	60
60 MW Distribution Generation Portfolio | Brookfield Renewable and Institutional Partners
Disclosure of non-adjusting events after reporting period [line items]
Investment in equity-accounted investments	$ 39
Medium term notes
Disclosure of non-adjusting events after reporting period [line items]
Borrowings, interest rate		4.30%	4.10%
Series 17 | Medium term notes
Disclosure of non-adjusting events after reporting period [line items]
Borrowings	$ 400
Borrowings, interest rate	5.32%