Brookfield Renewable (BEPC) 6-K 5 Aug 21 Current report (foreign) Financial data

Cover Page

Cover Page	6 Months Ended
	Jun. 30, 2021
Cover [Abstract]
Document Type	6-K
Entity File Number	001-39355
Entity Registrant Name	BROOKFIELD RENEWABLECORPORATION
Entity Address, Address Line One	250 Vesey Street
Entity Address, Address Line Two	15th Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10281
Entity Central Index Key	0001791863
Document Period End Date	Jun. 30, 2021
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 396	$ 355
Restricted cash	201	154
Trade receivables and other current assets	838	623
Financial instrument assets	95	40
Due from related parties	474	412
Assets held for sale	798	0
Current assets	2,802	1,584
Financial instrument assets	51	68
Equity-accounted investments	374	372
Property, plant and equipment, at fair value	34,248	36,097
Intangible assets	225	233
Goodwill	896	970
Deferred income tax assets	88	40
Other long-term assets	121	109
Total Assets	38,805	39,473
Current liabilities
Accounts payable and accrued liabilities	509	450
Financial instrument liabilities	272	198
Due to related parties	1,052	694
Non-recourse borrowings	927	775
Provisions	25	292
Liabilities directly associated with assets held for sale	401	0
BEPC exchangeable and class B shares	6,642	7,430
Financial instrument liabilities	423	498
Non-recourse borrowings	11,981	12,047
Deferred income tax liabilities	3,986	4,200
Provisions	619	633
Other long-term liabilities	524	531
Equity
Non-controlling interests	9,885	10,548
The partnership	1,559	1,177
Total Equity	11,444	11,725
Total Liabilities and Equity	38,805	39,473
Attributable to non- controlling interests
Current assets
Cash and cash equivalents	270	224
Property, plant and equipment, at fair value	19,018	20,119
Total Assets	21,184	21,820
Participating non-controlling interests – in operating subsidiaries
Equity
Non-controlling interests	9,627	10,290
Total Equity	9,627	10,290
Participating non-controlling interests – in a holding subsidiary held by the partnership
Equity
Non-controlling interests	258	258
Total Equity	$ 258	$ 258

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Consolidated Statment of Income (Loss) [line items]
Revenues	$ 817	$ 764	$ 1,656	$ 1,617
Other income	5	14	19	24
Direct operating costs	(249)	(264)	(587)	(543)
Management service costs	(47)	(36)	(102)	(65)
Interest expense	(220)	(189)	(440)	(357)
Share of earnings (loss) from equity-accounted investments	(1)	0	1	1
Foreign exchange and financial instruments gain (loss)	(18)	(41)	16	(6)
Depreciation	(275)	(254)	(565)	(513)
Other	(31)	24	(177)	15
Remeasurement of BEPC exchangeable and class B shares	694	0	788	0
Income tax recovery (expense)
Current	(18)	5	(31)	(14)
Deferred	2	(8)	19	(49)
Income tax recovery (expense)	(16)	(3)	(12)	(63)
Net income	659	15	597	110
Net income attributable to:
The partnership	611	11	602	73
Attributable to non- controlling interests
Consolidated Statment of Income (Loss) [line items]
Revenues	453	527	936	1,076
Other income	(6)	5	(5)	11
Direct operating costs	(125)	(174)	(337)	(352)
Foreign exchange and financial instruments gain (loss)	6	(34)	41	(15)
Depreciation	(156)	(186)	(323)	(373)
Remeasurement of BEPC exchangeable and class B shares	0		0
Income tax recovery (expense)
Current	(11)	5	(19)	(7)
Participating non-controlling interests – in operating subsidiaries
Income tax recovery (expense)
Net income	46	2	(10)	31
Net income attributable to:
Non-controlling interests	46	2	(10)	31
Participating non-controlling interests – in a holding subsidiary held by the partnership
Net income attributable to:
Non-controlling interests	$ 2	$ 2	$ 5	$ 6

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Consolidated Statement Of Comprehensive Income [line items]
Net income	$ 659	$ 15	$ 597	$ 110
Other comprehensive income (loss) that will not be reclassified to net income:
Revaluations of property, plant and equipment	15	0	(257)	0
Actuarial gain (loss) on defined benefit plans	7	(3)	12	(5)
Deferred income taxes on above items	(4)	0	40	1
Equity-accounted investments	0	(1)	0	(1)
Total items that will not be reclassified to net income	18	(4)	(205)	(5)
Other comprehensive (loss) income that may be reclassified to net income:
Foreign currency translation	249	222	(385)	(1,261)
Gains (losses) arising during the period on financial instruments designated as cash-flow hedges	(83)	(21)	12	(32)
Unrealized gain (loss) on foreign exchange swaps net investment hedge	5	0	26	21
Reclassification adjustments for amounts recognized in net income	0	(16)	(60)	(37)
Deferred income taxes on above items	11	7	1	11
Equity-accounted investments	0	(2)	0	(2)
Total items that may be reclassified subsequently to net income	182	190	(406)	(1,300)
Other comprehensive income (loss)	200	186	(611)	(1,305)
Comprehensive income (loss)	859	201	(14)	(1,195)
Comprehensive income (loss) attributable to:
The partnership	759	(2)	409	(538)
Comprehensive income (loss)	859	201	(14)	(1,195)
Participating non-controlling interests – in operating subsidiaries
Consolidated Statement Of Comprehensive Income [line items]
Net income	46	2	(10)	31
Other comprehensive (loss) income that may be reclassified to net income:
Other comprehensive income (loss)	38	199	(413)	(635)
Comprehensive income (loss) attributable to:
Non-controlling interests	84	201	(423)	(604)
Participating non-controlling interests – in a holding subsidiary held by the partnership
Comprehensive income (loss) attributable to:
Non-controlling interests	$ 16	$ 2	$ 0	$ (53)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Millions	Total	Total	The partnership	Foreign currency translation	Revaluation surplus	Other	Participating non-controlling interests – in a holding subsidiary held by the partnership	Participating non-controlling interests – in operating subsidiaries
Beginning balance at Dec. 31, 2019	$ 17,874	$ 7,348	$ 1,452	$ (956)	$ 6,853	$ (1)	$ 268	$ 10,258
Net income	110	73	73				6	31
Other comprehensive income (loss)	(1,305)	(611)		(606)		(5)	(59)	(635)
Capital contributions	109	100	100					9
Return of capital	(2)							(2)
Dividends declared	(558)	(274)	(274)					(284)
Other	4	7	5	2				(3)
Change in period	(1,642)	(705)	(96)	(604)	0	(5)	(53)	(884)
Ending balance at Jun. 30, 2020	16,232	6,643	1,356	(1,560)	6,853	(6)	215	9,374
Beginning balance at Mar. 31, 2020	16,265	6,726	1,423	(1,558)	6,853	8	213	9,326
Net income	15	11	11				2	2
Other comprehensive income (loss)	186	(13)		(4)		(9)		199
Capital contributions	54	50	50					4
Return of capital	(2)							(2)
Dividends declared	(278)	(133)	(133)					(145)
Other	(8)	2	5	2		(5)		(10)
Change in period	(33)	(83)	(67)	(2)	0	(14)	2	48
Ending balance at Jun. 30, 2020	16,232	6,643	1,356	(1,560)	6,853	(6)	215	9,374
Beginning balance at Dec. 31, 2020	11,725	1,177	(5,826)	(1,350)	8,381	(28)	258	10,290
Net income	597	602	602				5	(10)
Other comprehensive income (loss)	(611)	(193)		(44)	(131)	(18)	(5)	(413)
Capital contributions	38							38
Dividends declared	(290)							(290)
Other	(15)	(27)	(49)		23	(1)		12
Change in period	(281)	382	553	(44)	(108)	(19)	0	(663)
Ending balance at Jun. 30, 2021	11,444	1,559	(5,273)	(1,394)	8,273	(47)	258	9,627
Beginning balance at Mar. 31, 2021	10,738	814	(5,871)	(1,567)	8,268	(16)	241	9,683
Net income	659	611	611				2	46
Other comprehensive income (loss)	200	148		173	5	(30)	14	38
Capital contributions	11							11
Dividends declared	(154)							(154)
Other	(10)	(14)	(13)			(1)	1	3
Change in period	706	745	598	173	5	(31)	17	(56)
Ending balance at Jun. 30, 2021	$ 11,444	$ 1,559	$ (5,273)	$ (1,394)	$ 8,273	$ (47)	$ 258	$ 9,627

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Operating activities
Net income	$ 659	$ 15	$ 597	$ 110
Adjustments for the following non-cash items:
Depreciation	275	254	565	513
Unrealized financial instruments gain	20	40	3	5
Share of earnings from equity-accounted investments	1	0	(1)	(1)
Deferred income tax (recovery) expense	(2)	8	(19)	49
Other non-cash items	5	(3)	55	(13)
Remeasurement of BEPC exchangeable shares and class B shares	(694)	0	(788)	0
Dividends received from equity-accounted investments	1	0	1	2
Changes in payable to or due from related parties	37	19	61	44
Net change in working capital balances	(407)	30	(287)	21
Cash flows from (used in) operating activities	(105)	363	187	730
Financing activities
Proceeds from non-recourse borrowings	782	316	1,085	880
Repayment of non-recourse borrowings	(327)	(361)	(624)	(790)
Repayment of lease liabilities	(5)	(6)	(12)	(13)
Capital contributions from non-controlling interests	11	7	38	12
Capital contributions from the partnership	0	50	0	100
Distributions paid and return of capital:
To participating non-controlling interests	(154)	(147)	(290)	(286)
To the partnership	0		0
To the partnership		(136)		(236)
Related party borrowings, net	115	(29)	168	(58)
Cash flows from (used in) financing activities	422	(306)	365	(391)
Investing activities
Acquisitions net of cash and cash equivalents in acquired entity	(12)	0	(12)	(105)
Investment in property, plant and equipment	(166)	(74)	(405)	(107)
Proceeds from disposal of assets	0	11	0	11
Investment in financial assets and other	(34)	4	(72)	(26)
Cash flows from (used in) investing activities	(212)	(59)	(489)	(227)
Foreign exchange gain (loss) on cash	4	2	(6)	(10)
Cash and cash equivalents
Increase	109	0	57	102
Balance, beginning of period	298	406	355	304
Balance, end of period	396	406	396	406
Supplemental cash flow information:
Net change in cash classified within assets held for sale	(11)	0	(16)	0
Interest paid	202	173	407	305
Interest received	2	3	7	8
Income taxes paid	$ 16	$ 11	$ 23	$ 13

BASIS OF PREPARATION AND SIGNIF

BASIS OF PREPARATION AND SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2021
BASIS OF PREPARATION AND SIGNIFICANT ACCOUNTING POLICIES [ABSTRACT]
BASIS OF PREPARATION AND SIGNIFICANT ACCOUNTING POLICIES	BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (a) Statement of compliance These unaudited interim condensed consolidated financial statements (“interim financial statements”) of the company and its subsidiaries have been prepared in accordance with International Accounting Standard 34, Interim Financial Reporting, or IAS 34 as issued by the International Accounting Standards Board or the IASB and using the accounting policies described below. Certain information and footnote disclosures normally included in the annual audited consolidated financial statements prepared in accordance with International Financial Reporting Standards (“IFRS”), as issued by the International Accounting Standards Board (“IASB”), have been omitted or condensed. These interim consolidated financial statements should be read in conjunction with our company’s December 31, 2020 audited consolidated financial statements. The interim consolidated financial statements are unaudited and reflect adjustments (consisting of normal recurring adjustments) that are, in the opinion of management, necessary to provide a fair statement of results for the interim periods in accordance with IFRS. The results reported in these interim consolidated financial statements should not be regarded as necessarily indicative of results that may be expected for an entire year. The policies set out below are consistently applied to all periods presented, unless otherwise noted. These interim financial statements were authorized for issuance by the Board of Directors of our company and authorized of issue on August 5, 2021. Certain comparative figures have been reclassified to conform to the current year’s presentation. References to $, €, R$, and COP are to United States (“U.S.”) dollars, Euros, Brazilian reais, and Colombian pesos, respectively. All figures are presented in millions of U.S. dollars unless otherwise noted. (b) Basis of presentation The interim 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 These interim consolidated financial statements include the accounts of the company and its subsidiaries, which are the entities over which the company 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 interim consolidated statements of financial position. (c) Recently adopted accounting standards Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16: Disclosures On August 27, 2020, the IASB published Interest Rate Benchmark Reform – Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 (“Phase II Amendments”), effective January 1, 2021, with early adoption permitted. The Phase II Amendments provide additional guidance to address issues that will arise during the transition of benchmark interest rates. The Phase II Amendments primarily relate to the modification of financial assets, financial liabilities and lease liabilities where the basis for determining the contractual cash flows changes as a result of Interbank Offered Rates ("IBOR") reform, allowing for prospective application of the applicable benchmark interest rate and to the application of hedge accounting, providing an exception such that changes in the formal designation and documentation of hedge accounting relationships that are needed to reflect the changes required by IBOR reform do not result in the discontinuation of hedge accounting or the designation of new hedging relationships. The company 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 of IBOR referenced floating-rate borrowings, interest rate swaps, and updating hedge designations. The adoption is not expected to have a significant impact on the company’s financial reporting. (d) Future changes in accounting policies 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, 2023. The company is currently assessing the impact of these amendments. There are currently no other future changes to IFRS with potential impact on the company. Amendments to IFRS 3 Business Combinations - Reference to the Conceptual Framework The amendments add an exception to the recognition principle of IFRS 3 to avoid the issue of potential ‘day 2’ gains or losses arising for liabilities and contingent liabilities that would be within the scope of IAS 37 Provisions, Contingent Liabilities and Contingent Assets or IFRIC 21 Levies, if incurred separately. The exception requires entities to apply the criteria in IAS 37 or IFRIC 21, respectively, instead of the Conceptual Framework, to determine whether a present obligation exists at the acquisition date. At the same time, the amendments add a new paragraph to IFRS 3 to clarify that contingent assets do not qualify for recognition at the acquisition date. The amendments to IFRS 3 apply to annual reporting periods beginning on or after January 1, 2022. The company is currently assessing the impact of the amendments. There are currently no other future changes to IFRS with potential impact on the company.

ASSETS HELD FOR SALE

ASSETS HELD FOR SALE	6 Months Ended
	Jun. 30, 2021
Non-current assets or disposal groups classified as held for sale or as held for distribution to owners [abstract]
ASSETS HELD FOR SALE	ASSETS HELD FOR SALE As at June 30, 2021, assets held for sale within the company's operating segments include wind facilities in the United States. In April 2021, the company, together with its institutional partners, entered into a binding agreement for the sale of its 100% interest in a 391 MW wind portfolio in the United States ("U.S. Wind Portfolio") for proceeds of $365 million ($161 million net to the company). A revaluation of the U.S. Wind Portfolio was performed in accordance with our accounting policy election to apply the revaluation method. The company holds approximately 20% to 100% economic interest in each of the project entities within the U.S. Wind Portfolio and a 100% voting interest. The transaction is subject to customary closing conditions. The following is a summary of the major items of assets and liabilities classified as held for sale: (MILLIONS) June 30, 2021 Assets Cash and cash equivalents $ 16 Restricted cash 8 Trade receivables and other current assets 13 Property, plant and equipment 759 Other long-term assets 2 Assets held for sale $ 798 Liabilities Current liabilities $ 9 Long-term debt 361 Other long-term liabilities 31 Liabilities directly associated with assets held for sale $ 401

RISK MANAGEMENT AND FINANCIAL I

RISK MANAGEMENT AND FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 2021
RISK MANAGEMENT AND FINANCIAL INSTRUMENTS [Abstract]
RISK MANAGEMENT AND FINANCIAL INSTRUMENTS	RISK MANAGEMENT AND FINANCIAL INSTRUMENTS RISK MANAGEMENT The company`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. The company uses financial instruments primarily to manage these risks. 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 our company's assets and liabilities measured and disclosed at fair value classified by the fair value hierarchy: June 30, 2021 December 31, 2020 (MILLIONS) Level 1 Level 2 Level 3 Total Total Assets measured at fair value: Cash and cash equivalents $ 396 $ — $ — $ 396 $ 355 Restricted cash (1) 288 — — 288 229 Financial instrument assets (1) Energy derivative contracts — 64 18 82 104 Interest rate swaps — 23 — 23 — Foreign exchange swaps — 41 — 41 4 Property, plant and equipment — — 34,248 34,248 36,097 Liabilities measured at fair value: Financial instrument liabilities (1) Energy derivative contracts — (149) (19) (168) (27) Interest rate swaps — (175) — (175) (244) Foreign exchange swaps — (5) — (5) (23) Tax equity — — (347) (347) (402) Liabilities for which fair value is disclosed: BEPC exchangeable and class B shares (2 ) (6,642) — — (6,642) (7,430) Non-recourse borrowing (1) (1,979) (12,108) — (14,087) (14,595) Total $ (7,937) $ (12,309) $ 33,900 $ 13,654 $ 14,068 (1) Includes both the current amount and long-term amounts (2) BEPC class C shares are also classified as financial liabilities due to their cash redemption feature. As discussed in Note 1(m) – Basis of presentation and significant accounting policies on the annual report, the BEPC class C shares meet certain qualifying criteria and are presented as equity. See Note 9 – BEPC Exchangeable shares, BEPC Class B shares and BEPC Class C shares There were no transfers between levels during the six months ended June 30, 2021. Financial instruments disclosures The aggregate amount of our company's net financial instrument positions are as follows: June 30, 2021 December 31, 2020 (MILLIONS) Assets Liabilities Net Assets Net Assets Energy derivative contracts $ 82 $ 168 $ (86) $ 77 Interest rate swaps 23 175 (152) (244) Foreign exchange swaps 41 5 36 (19) Tax equity — 347 (347) (402) Total 146 695 (549) (588) Less: current portion 95 272 (177) (158) Long-term portion $ 51 $ 423 $ (372) $ (430) (a) Tax equity The company owns and operates certain projects in the U.S. under tax equity structures to finance the construction of 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. Gain or loss on the tax equity liabilities are recognized in the Foreign exchange and financial instruments (gain) loss in the consolidated statements of income. (b) Energy derivative contracts The company has entered into 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 our company's interim 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. (c) Interest rate hedges The company 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 interim consolidated financial statements at fair value. (d) Foreign exchange swaps The company 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. The following table reflects the gains (losses) included in Foreign exchange and financial instrument loss in the interim consolidated statements of income for the three and six months ended June 30: Three months ended June 30 Six months ended June 30 (MILLIONS) 2021 2020 2021 2020 Energy derivative contracts $ (44) $ (6) $ (63) $ (1) Interest rate swaps 8 (17) 33 (20) Foreign exchange swaps 3 (16) 48 32 Tax equity 2 (12) 16 (11) Foreign exchange gain (loss) 13 10 (18) (6) $ (18) $ (41) $ 16 $ (6) The following table reflects the gains (losses) included in other comprehensive income in the interim consolidated statements of comprehensive loss for the three and six months ended June 30: Three months ended June 30 Six months ended June 30 (MILLIONS) 2021 2020 2021 2020 Energy derivative contracts $ (71) $ (12) $ (23) $ 28 Interest rate swaps (3) (9) 37 (60) Foreign exchange swaps (9) — (2) — (83) (21) 12 (32) Foreign exchange swaps - net investment 5 — 26 21 $ (78) $ (21) $ 38 $ (11) The following table reflects the reclassification adjustments recognized in net income in the interim consolidated statements of comprehensive loss for the three and six months ended June 30: Three months ended June 30 Six months ended June 30 (MILLIONS) 2021 2020 2021 2020 Energy derivative contracts $ (1) $ (17) $ (63) $ (41) Interest rate swaps 1 1 3 4 $ — $ (16) $ (60) $ (37)

SEGMENTED INFORMATION

SEGMENTED INFORMATION	6 Months Ended
	Jun. 30, 2021
Disclosure of operating segments [abstract]
SEGMENTED INFORMATION	SEGMENTED INFORMATION The company’s Chief Executive Officer and Chief Financial Officer (collectively, the chief operating decision maker or “CODM”) review the results of the operations, manage the operations, and allocate resources based on the type of technology, in conjunction with other segments of Brookfield Renewable. The operations of the company are segmented by – 1) hydroelectric, 2) wind, 3) solar, 4) energy transition and 5) corporate. This best reflects the way in which the CODM reviews the results of our company. In accordance with IFRS 8, Operating Segments, the company discloses information about its reportable segments based upon the measures used by the CODM in assessing performance. The accounting policies of the reportable segments are the same as those described in Note 1 – Basis of presentation and significant accounting policies. 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 our company’s share from facilities which it accounts for using consolidation and the equity method whereby the company either controls or exercises significant influence or joint control over the investment, respectively. Proportionate information provides shareholders 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 our company’s shareholders. 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 below. 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 our company’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 our company apportioned to each of the above-noted items. The company 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 our company’s legal claim to such items, and the removal of financial statement amounts that are attributable to non-controlling interests does not extinguish our company’s legal claims or exposures to such items. The company reports its results in accordance with these segments and presents prior period segmented information in a consistent manner. The company analyzes the performance of its operating segments based on revenues, Adjusted EBITDA, and Funds From Operations. Adjusted EBITDA and Funds From Operations are not generally accepted accounting measures under IFRS and therefore may differ from definitions of Adjusted EBITDA and Funds From Operations used by other entities. The company uses Adjusted EBITDA to assess the performance of its operations before the effects of interest expense, income taxes, depreciation, management service costs, non-controlling interests, gain or loss on financial instruments, non-cash gain or loss from equity-accounted investments and other typical non-recurring items. 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 the company's proportionate results to the consolidated statements of income on a line by line basis by aggregating the components comprising the earnings from the company's investments in associates and reflecting the portion of each line item attributable to non-controlling interests for the three months ended June 30, 2021: Attributable to the partnership Contribution from equity-accounted investments Attributable As per financials (1) (MILLIONS) Hydroelectric Wind Solar Energy transition Corporate Total Revenues $ 243 $ 47 $ 49 $ 34 $ — $ 373 $ (9) $ 453 $ 817 Other income 10 — 1 — — 11 — (6) 5 Direct operating costs (96) (8) (12) (12) — (128) 4 (125) (249) Share of Adjusted EBITDA from equity-accounted investments — — — — — — 5 — 5 Adjusted EBITDA 157 39 38 22 — 256 — 322 Management service costs — — — — (47) (47) — — (47) Interest expense (1) (31) (10) (13) (5) (4) (63) 2 (107) (168) Current income taxes (5) (2) — — — (7) — (11) (18) Share of interest and cash taxes from equity-accounted investments — — — — — — (2) — (2) Share of Funds From Operations attributable to non-controlling interests — — — — — — — (204) (204) Funds From Operations 121 27 25 17 (51) 139 — — Depreciation (65) (27) (20) (10) — (122) 3 (156) (275) Foreign exchange and financial instruments gain (loss) (18) (7) 2 (4) 2 (25) 1 6 (18) Deferred income tax recovery (expense) 9 (1) 2 — (2) 8 — (6) 2 Other (19) (9) (3) — — (31) — — (31) Dividends on class A exchangeable shares (1) — — — — (52) (52) — — (52) Remeasurement of BEPC exchangeable and BEPC class B shares — — — — 694 694 — — 694 Share of earnings from equity-accounted investments — — — — — — (4) — (4) Net income attributable to non-controlling interests — — — — — — — 156 156 Net income (loss) attributable to the partnership $ 28 $ (17) $ 6 $ 3 $ 591 $ 611 $ — $ — $ 611 (1) Share of loss from equity-accounted investments of $1 million is comprised of amounts found on the share of Adjusted EBITDA, share of interest and cash taxes and share of earnings lines. Net loss attributable to participating non-controlling interests of $48 million is comprised of amounts found on Share of Funds From Operations attributable to non-controlling interests and Net loss attributable to non-controlling interests. Total interest expense of $220 million is comprised of amounts on Interest expense and Dividends on BEPC exchangeable shares. 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 the company's proportionate results to the consolidated statements of income on a line by line basis by aggregating the components comprising the earnings from the company's investments in associates and reflecting the portion of each line item attributable to non-controlling interests for the three months ended June 30, 2020: Attributable to the partnership Contribution from equity-accounted investments Attributable As per financials (1) (MILLIONS) Hydroelectric Wind Energy transition Corporate Total Revenues $ 216 $ 18 $ 14 $ — $ 248 $ (11) $ 527 $ 764 Other income 9 — — — 9 — 5 14 Direct operating costs (82) (5) (8) — (95) 5 (174) (264) Share of Adjusted EBITDA from equity-accounted investments — — — — — 6 — 6 Adjusted EBITDA 143 13 6 — 162 — 358 Management service costs — — — (25) (25) — (11) (36) Interest expense (1) (28) (3) (1) — (32) 3 (160) (189) Current income taxes 2 (1) (1) — — — 5 5 Share of interest and cash taxes from equity-accounted investments — — — — — (3) — (3) Share of Funds From Operations attributable to non-controlling interests — — — — — — (192) (192) Funds From Operations 117 9 4 (25) 105 — — Depreciation (55) (11) (4) — (70) 2 (186) (254) Foreign exchange and financial instruments gain (loss) (6) (2) — — (8) 1 (34) (41) Deferred income tax recovery (expense) (7) 1 — — (6) — (2) (8) Other (12) 1 1 — (10) — 34 24 Share of earnings from equity-accounted investments — — — — — (3) — (3) Net income attributable to non-controlling interests — — — — — — 188 188 Net income (loss) attributable to the partnership $ 37 $ (2) $ 1 $ (25) $ 11 $ — $ — $ 11 (1) Share of earnings from equity-accounted investments of nil is comprised of amounts found on the share of Adjusted EBITDA, share of interest and cash taxes and share of earnings lines. Net income attributable to participating non-controlling interests – in operating subsidiaries of $4 million is comprised of amounts found on Share of Funds From Operations attributable to non-controlling interests and Net loss attributable to non-controlling interests. 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 the company's proportionate results to the consolidated statements of income on a line by line basis by aggregating the components comprising the earnings from the company's investments in associates and reflecting the portion of each line item attributable to non-controlling interests for the six months ended June 30, 2021: Attributable to the partnership Contribution from equity-accounted investments Attributable As per financials (1) (MILLIONS) Hydroelectric Wind Solar Energy transition Corporate Total Revenues 478 113 86 65 — 742 (22) 936 1,656 Other income 17 4 3 — — 24 — (5) 19 Direct operating costs (179) (33) (24) (23) — (259) 9 (337) (587) Share of Adjusted EBITDA from equity-accounted investments — — — — — — 13 — 13 Adjusted EBITDA 316 84 65 42 — 507 — 594 Management service costs — — — — (102) (102) — — (102) Interest expense (1) (67) (20) (27) (10) (4) (128) 4 (212) (336) Current income taxes (10) (2) — — — (12) — (19) (31) Share of interest and cash taxes from equity-accounted investments — — — — — — (4) — (4) Share of Funds From Operations attributable to non-controlling interests — — — — — — — (363) (363) Funds From Operations 239 62 38 32 (106) 265 — — Depreciation (125) (61) (42) (20) — (248) 6 (323) (565) Foreign exchange and financial instruments gain (loss) (15) (18) 6 (3) 3 (27) 2 41 16 Deferred income tax recovery (expense) 13 2 1 1 4 21 — (2) 19 Other (23) (10) (9) (2) (49) (93) — (84) (177) Dividends on class A exchangeable shares (1) — — — — (104) (104) — — (104) Remeasurement of exchangeable and class B shares — — — — 788 788 — — 788 Share of earnings from equity-accounted investments — — — — — — (8) — (8) Net loss attributable to non-controlling interests — — — — — — — 368 368 Net income (loss) attributable to the partnership 89 (25) (6) 8 536 602 — — 602 (1) Share of earnings from equity-accounted investments of $1 million is comprised of amounts found on the share of Adjusted EBITDA, share of interest and cash taxes and share of earnings lines. Net income attributable to participating non-controlling interests of $5 million is comprised of amounts found on Share of Funds From Operations attributable to non-controlling interests and Net loss attributable to non-controlling interests. Total interest expense of $440 million is comprised of amounts on Interest expense and Dividends on BEPC exchangeable shares. 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 the company's proportionate results to the consolidated statements of income on a line by line basis by aggregating the components comprising the earnings from the company's investments in associates and reflecting the portion of each line item attributable to non-controlling interests for the six months ended June 30, 2020: Attributable to the partnership Contribution from equity-accounted investments Attributable As per financials (1) (MILLIONS) Hydroelectric Wind Energy transition Corporate Total Revenues 509 29 26 — 564 (23) 1,076 1,617 Other income 13 — — — 13 — 11 24 Direct operating costs (175) (11) (15) — (201) 10 (352) (543) Share of Adjusted EBITDA from equity-accounted investments — — — — — 13 — 13 Adjusted EBITDA 347 18 11 — 376 — 735 Management service costs — — — (44) (44) — (21) (65) Interest expense (1) (63) (6) (3) — (72) 5 (290) (357) Current income taxes (5) (1) (1) — (7) — (7) (14) Share of interest and cash taxes from equity-accounted investments — — — — — (5) — (5) Share of Funds From Operations attributable to non-controlling interests — — — — — — (417) (417) Funds From Operations 279 11 7 (44) 253 — — Depreciation (115) (21) (9) — (145) 5 (373) (513) Foreign exchange and financial instruments gain (loss) 9 (2) (1) 1 7 2 (15) (6) Deferred income tax recovery (expense) (26) 2 — — (24) — (25) (49) Other (19) 1 — — (18) — 33 15 Share of loss from equity-accounted investments — — — — — (7) — (7) Net loss attributable to non-controlling interests — — — — — — 380 380 Net income (loss) attributable to the partnership 128 (9) (3) (43) 73 — — 73 (1) Share of earnings from equity-accounted investments of $1 million is comprised of amounts found on the share of Adjusted EBITDA, share of interest and cash taxes and share of earnings lines. Net income attributable to participating non-controlling interests – in operating subsidiaries of $37 million is comprised of amounts found on Share of Funds From Operations attributable to non-controlling interests and Net loss attributable to non-controlling interests. The following table presents information on a segmented basis about certain items in our company's statements of financial position and reconciles the company's proportionate results to the consolidated statements of financial position by aggregating the components comprising the company's investments in associates and reflecting the portion of each line item attributable to non-controlling interests: Attributable to the partnership Contribution Attributable As per (MILLIONS) Hydroelectric Wind Solar Energy transition Corporate Total As at June 30, 2021 Cash and cash equivalents $ 51 $ 30 $ 34 $ 14 $ — $ 129 $ (3) $ 270 396 Property, plant and equipment 11,377 1,537 1,699 1,140 — 15,753 (523) 19,018 34,248 Total assets 12,628 2,111 1,850 1,190 12 17,791 (170) 21,184 38,805 Total borrowings 2,769 866 1,305 507 — 5,447 (162) 7,623 12,908 Other liabilities 3,142 575 220 85 6,762 10,784 (8) 3,677 14,453 For the six months ended June 30, 2021: Additions to property, plant and equipment 92 25 41 4 — 162 (5) 300 457 As at December 31, 2020 Cash and cash equivalents $ 32 $ 42 $ 39 $ 21 $ — $ 134 $ (3) $ 224 355 Property, plant and equipment 11,542 2,093 1,709 1,151 — 16,495 (517) 20,119 36,097 Total assets 12,414 2,329 1,867 1,207 9 17,826 (173) 21,820 39,473 Total borrowings 2,690 1,043 1,302 488 — 5,523 (164) 7,463 12,822 Other liabilities 2,844 396 200 108 7,577 11,125 (10) 3,811 14,926 For the six months ended June 30, 2020: Additions to property, plant and equipment (1) 233 — 8 6 — 247 (5) 178 420 (1) The company exercised the option to buy out the lease on its 192 MW hydroelectric facility in Louisiana and recognized a $247 million adjustment ($185 million net to the company) to its corresponding right-of-use asset. Additional Segment Information The following table presents consolidated revenue split by technology for the three and six months ended June 30: Three months ended June 30 Six months ended June 30 (MILLIONS) 2021 2020 2021 2020 Hydroelectric $ 463 $ 433 $ 941 $ 1,002 Wind 144 141 346 279 Solar 144 124 252 216 Energy transition 66 66 117 120 Total $ 817 $ 764 $ 1,656 $ 1,617 The following table presents consolidated property, plant and equipment and equity-accounted investments split by geographical region: (MILLIONS) June 30, 2021 December 31, 2020 North America $ 19,849 $ 21,242 Colombia 7,529 8,150 Brazil 2,957 2,711 Europe 4,287 4,366 $ 34,622 $ 36,469

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2021
Disclosure Of Income Taxes [Abstract]
INCOME TAXES	INCOME TAXESThe company's effective income tax rate was 2.0% for the six months ended June 30, 2021 (2020: 36.4%). The effective tax rate is different than the statutory rate primarily due to rate differentials and non-controlling interests' income not subject to tax.

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	6 Months Ended
	Jun. 30, 2021
Disclosure of detailed information about property, plant and equipment [abstract]
PROPERTY, PLANT AND EQUIPMENT	PROPERTY, PLANT AND EQUIPMENT The following table presents a reconciliation of property, plant and equipment at fair value: (MILLIONS) Hydroelectric Wind Solar Other (1) Total (2) As at December 31, 2020 $ 22,846 $ 6,316 $ 6,786 $ 149 $ 36,097 Additions 172 89 182 14 457 Transfer to assets held for sale — (759) — — (759) Items recognized through OCI Change in fair value — (257) — — (257) Foreign currency translation (633) (26) (70) 4 (725) Items recognized through net income Depreciation (219) (183) (157) (6) (565) As at June 30, 2021 (3) $ 22,166 $ 5,180 $ 6,741 $ 161 $ 34,248 (1) Includes cogeneration and biomass. (2) Includes assets under construction of $238 million (2020: $183 million) in our hydroelectric segment, $182 million (2020: $96 million) in our wind segment, $348 million (2020: $172 million) in our solar segment, $6 million (2020: $1 million) in other. (3) Includes right-of-use assets not subject to revaluation of $55 million ( 2020 : $55 million) in our hydroelectric segment, $133 million ( 2020 : $159 million) in our wind segment, $162 million ( 2020 : $149 million) in our solar segment, and $2 million ( 2020 : $2 million) in other.

BORROWINGS

BORROWINGS	6 Months Ended
	Jun. 30, 2021
Disclosure of detailed information about borrowings [abstract]
BORROWINGS	BORROWINGS Non-recourse borrowings Non-recourse borrowings are typically asset-specific, long-term, and non-recourse borrowings denominated in the domestic currency of the subsidiary. Non-recourse borrowings in the United States and Europe consist of both fixed and floating interest rate debt indexed to the London Interbank Offered Rate (“LIBOR”) and the Euro Interbank Offered Rate ("EURIBOR"). The company uses interest rate swap agreements in the United States and Colombia 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 include floating interest rates of Indicador Bancario de Referencia rate (“IBR”), the Banco Central de Colombia short-term interest rate, or Colombian Consumer Price Index (“IPC”), the Banco Central de Colombia inflation rate, plus a margin. It is currently expected that Secured Overnight Financing Rate (“SOFR”) will replace US$ LIBOR, Sterling Overnight Index Average (“SONIA”) will replace £ LIBOR, and Euro Short-term Rate (“€STR”) will replace € LIBOR. £ LIBOR and € LIBOR replacement is expected to be effective prior to December 31, 2021. US$ LIBOR replacement is expected to become effective prior to June 30, 2023. As at June 30, 2021, none of the company’s floating rate borrowings have been impacted by these reforms. The composition of non-recourse borrowings is presented in the following table: June 30, 2021 December 31, 2020 Weighted-average Weighted-average (MILLIONS EXCEPT AS NOTED) Interest Term Carrying Estimated Interest Term Carrying Estimated Non-recourse borrowings Hydroelectric 5.0 8 $ 5,637 $ 6,083 4.9 8 $ 5,412 $ 6,108 Wind 3.6 9 2,638 2,864 3.8 10 3,041 3,428 Solar 3.5 12 3,715 4,131 3.4 12 3,480 4,038 Energy transition 3.7 12 943 1,009 3.8 12 926 1,021 Total 4.2 9 $ 12,933 $ 14,087 4.1 10 $ 12,859 $ 14,595 Add: Unamortized premiums (1) 55 56 Less: Unamortized financing fees (1) (80) (93) Less: Current portion (927) (775) $ 11,981 $ 12,047 (1) Unamortized premiums and unamortized financing fees are amortized over the terms of the borrowing. In the first quarter of 2021, the company completed a financing of COP 180 billion ($50 million). The debt, drawn in two tranches, bears interest at the applicable base rate plus an average margin of 1.09% and matures in March 2023. In the second quarter of 2021, the company completed a financing of R$1.5 billion ($300 million) associated with a solar development project in Brazil. The loan bears a variable interest at the applicable rate plus 5.2% and matures in 2045. In the second quarter of 2021, the company completed a financing of R$350 million ($70 million) associated with a solar development project in Brazil. The loan bears a variable interest at the applicable rate plus 1.59% and matures in 2022. In the second quarter of 2021, the company completed a financing of COP 600 billion ($159 million) in Colombia. The loan is comprised of a fixed rate bond bearing interest at 6.49% maturing in 2026, a variable rate bond bearing interest at the applicable rate plus 3.35% maturing in 2029, and a variable rate bond bearing interest at the applicable rate plus 4.45% maturing in 2041. In the second quarter of 2021, the company completed a financing of COP 85 billion ($23 million) in Colombia. The loan bears a variable interest at the applicable rate plus 2.69% and matures in 2031. In the second quarter of 2021, the company completed a refinancing of C$200 million ($162 million) associated with a solar portfolio in Canada. The loan bears a variable interest at the applicable rate plus 1.25% and matures in 2035.

NON-CONTROLLING INTERESTS

NON-CONTROLLING INTERESTS	6 Months Ended
	Jun. 30, 2021
Disclosure Of Detailed Information About Non-controlling Interests [Abstract]
NON-CONTROLLING INTERESTS	NON-CONTROLLING INTERESTS The company`s non-controlling interests are comprised of the following: (MILLIONS) June 30, 2021 December 31, 2020 Non-controlling interests Participating non-controlling interests – in operating subsidiaries $ 9,627 $ 10,290 Participating non-controlling interests – in a holding subsidiary held by the partnership 258 258 $ 9,885 $ 10,548 Participating non-controlling interests – in operating subsidiaries The net change in participating non-controlling interests – in operating subsidiaries is as follows: (MILLIONS) Brookfield Americas Infrastructure Fund Brookfield Infrastructure Fund II Brookfield Infrastructure Fund III Brookfield Infrastructure Fund IV Isagen institutional investors Isagen public non-controlling interests The Catalyst Group TerraForm Power Other Total As at December 31, 2020 $ 1,002 $ 1,902 $ 3,082 $ 74 $ 2,650 $ 14 $ 97 $ 961 $ 508 $ 10,290 Net income (loss) 2 (15) (27) (2) 83 — 11 (57) (5) (10) Other comprehensive income (loss) (79) (1) (106) 6 (230) (1) — (5) 3 (413) Capital contributions — — — 38 — — — — — 38 Dividends declared (4) (5) (98) (11) (120) (1) (4) (41) (6) (290) Other — — (5) — — — — (5) 22 12 As at June 30, 2021 $ 921 $ 1,881 $ 2,846 $ 105 $ 2,383 $ 12 $ 104 $ 853 $ 522 $ 9,627 Interests held by third parties 75% - 80% 43% - 60% 23% - 71% 75 % 53 % 0.3 % 25 % 33 % 21% - 30%

BEPC EXCHAGEABLE SHARES, BEPC C

BEPC EXCHAGEABLE SHARES, BEPC CLASS B SHARES AND BEPC CLASS C SHARES	6 Months Ended
	Jun. 30, 2021
Disclosure Of Share Capital, Reserves And Other Equity Interest [Abstract]
BEPC EXCHAGEABLE SHARES, BEPC CLASS B SHARES AND BEPC CLASS C SHARES	BEPC EXCHANGEABLE SHARES, BEPC CLASS B SHARES AND BEPC CLASS C SHARES The BEPC exchangeable and BEPC class B shares are classified as liabilities due to their exchangeable and cash redemption features. The BEPC class B shares and the BEPC exchangeable shares issued pursuant to the special distribution and the TerraForm Power acquisition were recognized at their fair value of $28.28 per share. Subsequent to initial recognition, the BEPC exchangeable and BEPC class B shares are recognized at amortized cost and remeasured to reflect changes in the contractual cash flows associated with the shares. These contractual cash flows are based on the price of one BEP unit. As at June 30, 2021, BEPC exchangeable and BEPC class B shares were remeasured to reflect the NYSE closing price of one BEP unit, $38.57 per share . Remeasurement gains or losses associated with these shares are recorded in the statements of operating results. During the three and six months ended June 30, 2021, BEPC exchangeable shareholders exchanged 6,033 and 9,642 BEPC exchangeable shares, respectively for an equivalent number of partnership units amounting to $1 million reduction in the financial liability. The company paid dividends of $52 million and $104 million on its BEPC exchangeable shares outstanding during the three and six months ended June 30, 2021, respectively. Dividends paid on BEPC exchangeable shares are presented as interest expense in the statement of operating results. The following table provides a continuity schedule of outstanding BEPC exchangeable shares and BEPC class B shares along with our corresponding liability and remeasurement gains and losses. BEPC exchangeable shares outstanding (units) BEPC class B shares outstanding (units) BEPC exchangeable and BEPC class B shares ($ million) Balance as at December 31, 2020 172,180,417 165 $ 7,430 Share issuance (1) 38,996 — 1 Share exchanges (9,642) — (1) Remeasurement of liability — — (788) Balance as at June 30, 2021 172,209,771 165 $ 6,642 (1) Associated with the restricted stock units of TerraForm Power that were assumed by the company as part of the acquisition of TerraForm Power on July 31, 2020, adjusted for the three-for-two share split in December 2020. Similar to BEPC exchangeable shares and BEPC class B shares, BEPC class C shares are classified as liabilities due to their cash redemption feature. However, BEPC class C shares, the most subordinated class of all common shares, meet certain qualifying criteria and are presented as equity instruments given the narrow scope presentation exceptions existing in IAS 32. There are 189.6 million BEPC class C shares issued and outstanding as at June 30, 2021. In December 2020, the company entered into a normal course issuer bid for its outstanding BEPC exchangeable shares. The company is authorized to repurchase up to 8.6 million BEPC exchangeable shares, representing 5% of its issued and outstanding BEPC exchangeable shares. The normal course issuer bid will expire on December 15, 2021, or earlier should the company complete its repurchases prior to such date. There were no BEPC exchangeable shares repurchased during the three and six months ended June 30, 2021.

EQUITY-ACCOUNTED INVESTMENTS

EQUITY-ACCOUNTED INVESTMENTS	6 Months Ended
	Jun. 30, 2021
Disclosure Of Detailed Information About Equity-Accounted Investments [Abstract]
EQUITY-ACCOUNTED INVESTMENTS	EQUITY-ACCOUNTED INVESTMENTS The following are the company’s equity-accounted investments for the six months ended June 30, 2021: (MILLIONS) June 30, 2021 Opening balance $ 372 Share of net earnings 1 Dividends received (1) Foreign exchange translation and other 2 Ending balance $ 374

CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS	6 Months Ended
	Jun. 30, 2021
Disclosure Of Detailed Information About Cash And Cash Equivalents [Abstract]
CASH AND CASH EQUIVALENTS	CASH AND CASH EQUIVALENTS The company’s cash and cash equivalents are as follows: (MILLIONS) June 30, 2021 December 31, 2020 Cash $ 391 $ 347 Short-term deposits 5 8 $ 396 $ 355

RESTRICTED CASH

RESTRICTED CASH	6 Months Ended
	Jun. 30, 2021
Disclosure Of Detailed Information About Restricted Cash [Abstract]
RESTRICTED CASH	RESTRICTED CASH The company’s restricted cash is as follows: (MILLIONS) June 30, 2021 December 31, 2020 Operations $ 149 $ 123 Credit obligations 76 72 Development projects 63 34 Total 288 229 Less: non-current (87) (75) Current $ 201 $ 154

TRADE RECEIVABLES AND OTHER CUR

TRADE RECEIVABLES AND OTHER CURRENT ASSETS	6 Months Ended
	Jun. 30, 2021
Disclosure Trade Receivables and Other Current Assets [Abstract]
TRADE RECEIVABLES AND OTHER CURRENT ASSETS	TRADE RECEIVABLES AND OTHER CURRENT ASSETS The company's trade receivables and other current assets are as follows: (MILLIONS) June 30, 2021 December 31, 2020 Trade receivables $ 485 $ 471 Prepaids and other 66 45 Inventory 22 22 Income tax receivables 8 5 Other short-term receivables and collateral assets 257 80 $ 838 $ 623

ACCOUNTS PAYABLE AND ACCRUED LI

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	6 Months Ended
	Jun. 30, 2021
Disclosure Accounts Payable and Accured Liabilities [Abstract]
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	ACCOUNTS PAYABLE AND ACCRUED LIABILITIES The company's accounts payable and accrued liabilities are as follows: (MILLIONS) June 30, 2021 December 31, 2020 Operating accrued liabilities $ 235 $ 203 Accounts payable 137 114 Interest payable on borrowings 66 65 BEPC exchangeable shares distributions payable (1) 16 11 Current portion of lease liabilities 26 30 Other 29 27 $ 509 $ 450 (1) Includes amounts payable only to external shareholders. Amounts payable to Brookfield and the partnership are included in due to related parties.

COMMITMENTS, CONTINGENCIES AND

COMMITMENTS, CONTINGENCIES AND GUARANTEES	6 Months Ended
	Jun. 30, 2021
Disclosure Commitments Contingencies and Guarantess [Abstract]
COMMITMENTS, CONTINGENCIES AND GUARANTEES	COMMITMENTS, CONTINGENCIES AND GUARANTEES Commitments In the course of its operations, the company has 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. The company, alongside institutional partners, entered into a commitment to invest approximately R$54 million ($11 million) to acquire a 270 MW wind development portfolio in Brazil. The transaction is expected to close in the first quarter of 2022 subject to customary closing conditions, with the company expected to hold a 25% interest. The company, alongside institutional partners, entered into a commitment to invest COP 153 billion ($41 million) to acquire a 38 MW portfolio of solar development projects in Colombia. The transaction is expected to close in the first quarter of 2022, subject to customary closing conditions, with the company expected to hold a 21.6% interest. An integral part of the company’s strategy is to participate with institutional investors in Brookfield-sponsored private equity funds that target acquisitions that suit the company’s profile. In the normal course of business, the company 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, the company 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), the company, or by co-investors. Contingencies Our company 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 our company’s consolidated financial position or results of operations. On December 22, 2020, our subsidiary, TerraForm Power, received an adverse summary judgment ruling in connection with litigation relating to an historical contractual dispute. This litigation predated the 2017 acquisition of an initial 51% interest in TerraForm Power by Brookfield Renewable and its institutional partners and related to an allegation that TerraForm Power was obligated to make earn-out payments in connection with the acquisition of certain development assets by TerraForm Power’s former parent company from a third party. The court’s ruling in favor of the plaintiffs awarded approximately $231 million plus 9% annual non-compounding interest that has accrued at the New York State statutory rate since May 2016. During the quarter, TerraForm Power reached a final settlement with the plaintiffs. The settlement amount paid by TerraForm Power was approximately $50 million less than the amount of the court’s ruling, inclusive of accrued interest. A partially-owned subsidiary of Brookfield Renewable that holds shares in TerraForm Power was contractually entitled to be issued additional TerraForm Power shares as compensation for the cost of the litigation. This issuance took place subsequent to quarter end and resulted in the immaterial dilution of Brookfield Renewable’s interest in TerraForm Power. The company’s 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 company, along with institutional investors, 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 and Brookfield Global Transition Fund. 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 the company’s subsidiaries as at June 30, 2021 were $685 million (2020: $687 million). Guarantees In the normal course of operations, the company executes agreements that provide for indemnification and guarantees to third-parties of transactions such as business dispositions, capital project purchases, business acquisitions, sales and purchases of assets and services, and the transfer of tax credits or renewable energy grants from tax equity partnerships. The company has also agreed to indemnify its directors and certain of its officers and employees. The nature of substantially all of the indemnification undertakings and guarantee agreements prevents the company from making a reasonable estimate of the maximum potential amount that the company 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. Two subsidiaries of the company fully and unconditionally guaranteed (i) the medium term notes issued and payable by Brookfield Renewable Partners ULC, a finance subsidiary of Brookfield Renewable, (ii) the senior preferred shares of Brookfield Renewable Power Preferred Equity Inc., (iii) certain preferred units of Brookfield Renewable, (iv) the obligations of Brookfield Renewable under its bilateral credit facilities and (v) notes issued by Brookfield BRP Holdings (Canada) Inc. under its U.S. commercial paper program. BRP Bermuda Holdings I Limited (“BBHI”) a subsidiary of the company fully and unconditionally guaranteed the perpetual subordinated notes issued by Brookfield BRP Holdings (Canada) Inc. These arrangements do not have or are not reasonably likely to have a material current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2021
Related party transactions [abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS The company’s related party transactions are recorded at the exchange amount. The company’s related party transactions are primarily with the partnership and Brookfield. Energy Marketing Internalization In the first quarter of 2021, the company and the partnership entered into an agreement to fully internalize all energy marketing capabilities in North America into the company. The agreement provides for the transfer for the partnership's Power Agency Agreements and related party power purchase agreements relating to certain power facilities in Maine and New Hampshire held by Great Lakes Holding America ("GLHA"), which are further described below. Certain third-party power purchase agreements were also transferred to the company as part of the Energy Marketing Internalization of the partnership’s North American energy marketing business. The agreement became effective on April 1, 2021. Power Agency Agreements Certain subsidiaries of the company entered into Power Agency Agreements appointing the partnership as their exclusive agent in respect of the sale of electricity, including the procurement of transmission and other additional services. In addition, the partnership 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, the partnership 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 the partnership to the company. Other Revenue Agreements Pursuant to a 20-year power purchase agreement, the partnership purchased all energy from several power facilities in Maine and New Hampshire held by GLHA at $37 per MWh. The energy rates were subject to an annual adjustment equal to 20% of the increase in the CPI during the previous year. Upon closing of the Energy Marketing Internalization, the power purchase agreement with GLHA was transferred to the company. The following table reflects the related party agreements and transactions for the three and six months ended June 30 in the interim consolidated statements of income: Three months ended June 30 Six months ended June 30 (MILLIONS) 2021 2020 2021 2020 Revenues Power purchase and revenue agreements $ 35 $ 99 $ 108 $ 225 Direct operating costs Energy purchases (1) $ (9) $ (2) $ (13) $ (5) Energy marketing & other services (5) 2 (6) (4) Insurance services (2) — (5) — (10) $ (14) $ (5) $ (19) $ (19) Interest expense Borrowings $ (12) $ — $ (12) $ (1) Management service costs $ (47) $ (36) $ (102) $ (65) (1) Certain subsidiaries that the company controls, through a voting agreement, have entered into agreements to appoint the partnership as their agent in entering into certain derivative transactions with external counterparties to hedge against fluctuations in power purchase prices. For the three and six months ended June 30, 2021, the company recognized nil and $62 million gains, respectively (2020:nil) associated with agency arrangement which have been excluded from energy purchases. (2) Insurance services are paid to a subsidiary of Brookfield Asset Management that brokers external insurance providers on behalf of our company. Beginning 2020, insurance services are paid for directly to external insurance providers. The fees paid to the subsidiary of Brookfield Asset Management for the three and six months ended June 30, 2020 were nil.

BASIS OF PREPARATION AND SIGN_2

BASIS OF PREPARATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2021
BASIS OF PREPARATION AND SIGNIFICANT ACCOUNTING POLICIES [ABSTRACT]
Statement of compliance	Statement of compliance These unaudited interim condensed consolidated financial statements (“interim financial statements”) of the company and its subsidiaries have been prepared in accordance with International Accounting Standard 34, Interim Financial Reporting, or IAS 34 as issued by the International Accounting Standards Board or the IASB and using the accounting policies described below. Certain information and footnote disclosures normally included in the annual audited consolidated financial statements prepared in accordance with International Financial Reporting Standards (“IFRS”), as issued by the International Accounting Standards Board (“IASB”), have been omitted or condensed. These interim consolidated financial statements should be read in conjunction with our company’s December 31, 2020 audited consolidated financial statements. The interim consolidated financial statements are unaudited and reflect adjustments (consisting of normal recurring adjustments) that are, in the opinion of management, necessary to provide a fair statement of results for the interim periods in accordance with IFRS. The results reported in these interim consolidated financial statements should not be regarded as necessarily indicative of results that may be expected for an entire year. The policies set out below are consistently applied to all periods presented, unless otherwise noted. These interim financial statements were authorized for issuance by the Board of Directors of our company and authorized of issue on August 5, 2021. Certain comparative figures have been reclassified to conform to the current year’s presentation. References to $, €, R$, and COP are to United States (“U.S.”) dollars, Euros, Brazilian reais, and Colombian pesos, respectively. All figures are presented in millions of U.S. dollars unless otherwise noted.
Basis of presentation	Basis of presentationThe interim 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 interim consolidated financial statements include the accounts of the company and its subsidiaries, which are the entities over which the company 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 interim consolidated statements of financial position.
Recently adopted accounting standards	Recently adopted accounting standards Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16: Disclosures On August 27, 2020, the IASB published Interest Rate Benchmark Reform – Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 (“Phase II Amendments”), effective January 1, 2021, with early adoption permitted. The Phase II Amendments provide additional guidance to address issues that will arise during the transition of benchmark interest rates. The Phase II Amendments primarily relate to the modification of financial assets, financial liabilities and lease liabilities where the basis for determining the contractual cash flows changes as a result of Interbank Offered Rates ("IBOR") reform, allowing for prospective application of the applicable benchmark interest rate and to the application of hedge accounting, providing an exception such that changes in the formal designation and documentation of hedge accounting relationships that are needed to reflect the changes required by IBOR reform do not result in the discontinuation of hedge accounting or the designation of new hedging relationships. The company 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 of IBOR referenced floating-rate borrowings, interest rate swaps, and updating hedge designations. The adoption is not expected to have a significant impact on the company’s financial reporting. (d) Future changes in accounting policies 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, 2023. The company is currently assessing the impact of these amendments. There are currently no other future changes to IFRS with potential impact on the company. Amendments to IFRS 3 Business Combinations - Reference to the Conceptual Framework The amendments add an exception to the recognition principle of IFRS 3 to avoid the issue of potential ‘day 2’ gains or losses arising for liabilities and contingent liabilities that would be within the scope of IAS 37 Provisions, Contingent Liabilities and Contingent Assets or IFRIC 21 Levies, if incurred separately. The exception requires entities to apply the criteria in IAS 37 or IFRIC 21, respectively, instead of the Conceptual Framework, to determine whether a present obligation exists at the acquisition date. At the same time, the amendments add a new paragraph to IFRS 3 to clarify that contingent assets do not qualify for recognition at the acquisition date. The amendments to IFRS 3 apply to annual reporting periods beginning on or after January 1, 2022. The company is currently assessing the impact of the amendments. There are currently no other future changes to IFRS with potential impact on the company.

ASSETS HELD FOR SALE (Tables)

ASSETS HELD FOR SALE (Tables)	6 Months Ended
	Jun. 30, 2021
Non-current assets or disposal groups classified as held for sale or as held for distribution to owners [abstract]
Major items of assets and liabilities reclassified as held for sale, table	The following is a summary of the major items of assets and liabilities classified as held for sale: (MILLIONS) June 30, 2021 Assets Cash and cash equivalents $ 16 Restricted cash 8 Trade receivables and other current assets 13 Property, plant and equipment 759 Other long-term assets 2 Assets held for sale $ 798 Liabilities Current liabilities $ 9 Long-term debt 361 Other long-term liabilities 31 Liabilities directly associated with assets held for sale $ 401

RISK MANAGEMENT AND FINANCIAL_2

RISK MANAGEMENT AND FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2021
RISK MANAGEMENT AND FINANCIAL INSTRUMENTS [Abstract]
Assets and liabilities measured and disclosed at fair value	The following table presents our company's assets and liabilities measured and disclosed at fair value classified by the fair value hierarchy: June 30, 2021 December 31, 2020 (MILLIONS) Level 1 Level 2 Level 3 Total Total Assets measured at fair value: Cash and cash equivalents $ 396 $ — $ — $ 396 $ 355 Restricted cash (1) 288 — — 288 229 Financial instrument assets (1) Energy derivative contracts — 64 18 82 104 Interest rate swaps — 23 — 23 — Foreign exchange swaps — 41 — 41 4 Property, plant and equipment — — 34,248 34,248 36,097 Liabilities measured at fair value: Financial instrument liabilities (1) Energy derivative contracts — (149) (19) (168) (27) Interest rate swaps — (175) — (175) (244) Foreign exchange swaps — (5) — (5) (23) Tax equity — — (347) (347) (402) Liabilities for which fair value is disclosed: BEPC exchangeable and class B shares (2 ) (6,642) — — (6,642) (7,430) Non-recourse borrowing (1) (1,979) (12,108) — (14,087) (14,595) Total $ (7,937) $ (12,309) $ 33,900 $ 13,654 $ 14,068 (1) Includes both the current amount and long-term amounts (2) BEPC class C shares are also classified as financial liabilities due to their cash redemption feature. As discussed in Note 1(m) – Basis of presentation and significant accounting policies on the annual report, the BEPC class C shares meet certain qualifying criteria and are presented as equity. See Note 9 – BEPC Exchangeable shares, BEPC Class B shares and BEPC Class C shares
Disclosure of offsetting of financial assets and financial liabilities	The aggregate amount of our company's net financial instrument positions are as follows: June 30, 2021 December 31, 2020 (MILLIONS) Assets Liabilities Net Assets Net Assets Energy derivative contracts $ 82 $ 168 $ (86) $ 77 Interest rate swaps 23 175 (152) (244) Foreign exchange swaps 41 5 36 (19) Tax equity — 347 (347) (402) Total 146 695 (549) (588) Less: current portion 95 272 (177) (158) Long-term portion $ 51 $ 423 $ (372) $ (430)
Unrealized gains (losses) included in foreign exchange and unrealized financial instrument loss	The following table reflects the gains (losses) included in Foreign exchange and financial instrument loss in the interim consolidated statements of income for the three and six months ended June 30: Three months ended June 30 Six months ended June 30 (MILLIONS) 2021 2020 2021 2020 Energy derivative contracts $ (44) $ (6) $ (63) $ (1) Interest rate swaps 8 (17) 33 (20) Foreign exchange swaps 3 (16) 48 32 Tax equity 2 (12) 16 (11) Foreign exchange gain (loss) 13 10 (18) (6) $ (18) $ (41) $ 16 $ (6)
Unrealized gains (losses) included in other comprehensive income	The following table reflects the gains (losses) included in other comprehensive income in the interim consolidated statements of comprehensive loss for the three and six months ended June 30: Three months ended June 30 Six months ended June 30 (MILLIONS) 2021 2020 2021 2020 Energy derivative contracts $ (71) $ (12) $ (23) $ 28 Interest rate swaps (3) (9) 37 (60) Foreign exchange swaps (9) — (2) — (83) (21) 12 (32) Foreign exchange swaps - net investment 5 — 26 21 $ (78) $ (21) $ 38 $ (11)
Reclassification adjustments recognized in net income	The following table reflects the reclassification adjustments recognized in net income in the interim consolidated statements of comprehensive loss for the three and six months ended June 30: Three months ended June 30 Six months ended June 30 (MILLIONS) 2021 2020 2021 2020 Energy derivative contracts $ (1) $ (17) $ (63) $ (41) Interest rate swaps 1 1 3 4 $ — $ (16) $ (60) $ (37)

SEGMENTED INFORMATION (Tables)

SEGMENTED INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2021
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 the company's proportionate results to the consolidated statements of income on a line by line basis by aggregating the components comprising the earnings from the company's investments in associates and reflecting the portion of each line item attributable to non-controlling interests for the three months ended June 30, 2021: Attributable to the partnership Contribution from equity-accounted investments Attributable As per financials (1) (MILLIONS) Hydroelectric Wind Solar Energy transition Corporate Total Revenues $ 243 $ 47 $ 49 $ 34 $ — $ 373 $ (9) $ 453 $ 817 Other income 10 — 1 — — 11 — (6) 5 Direct operating costs (96) (8) (12) (12) — (128) 4 (125) (249) Share of Adjusted EBITDA from equity-accounted investments — — — — — — 5 — 5 Adjusted EBITDA 157 39 38 22 — 256 — 322 Management service costs — — — — (47) (47) — — (47) Interest expense (1) (31) (10) (13) (5) (4) (63) 2 (107) (168) Current income taxes (5) (2) — — — (7) — (11) (18) Share of interest and cash taxes from equity-accounted investments — — — — — — (2) — (2) Share of Funds From Operations attributable to non-controlling interests — — — — — — — (204) (204) Funds From Operations 121 27 25 17 (51) 139 — — Depreciation (65) (27) (20) (10) — (122) 3 (156) (275) Foreign exchange and financial instruments gain (loss) (18) (7) 2 (4) 2 (25) 1 6 (18) Deferred income tax recovery (expense) 9 (1) 2 — (2) 8 — (6) 2 Other (19) (9) (3) — — (31) — — (31) Dividends on class A exchangeable shares (1) — — — — (52) (52) — — (52) Remeasurement of BEPC exchangeable and BEPC class B shares — — — — 694 694 — — 694 Share of earnings from equity-accounted investments — — — — — — (4) — (4) Net income attributable to non-controlling interests — — — — — — — 156 156 Net income (loss) attributable to the partnership $ 28 $ (17) $ 6 $ 3 $ 591 $ 611 $ — $ — $ 611 (1) Share of loss from equity-accounted investments of $1 million is comprised of amounts found on the share of Adjusted EBITDA, share of interest and cash taxes and share of earnings lines. Net loss attributable to participating non-controlling interests of $48 million is comprised of amounts found on Share of Funds From Operations attributable to non-controlling interests and Net loss attributable to non-controlling interests. Total interest expense of $220 million is comprised of amounts on Interest expense and Dividends on BEPC exchangeable shares. 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 the company's proportionate results to the consolidated statements of income on a line by line basis by aggregating the components comprising the earnings from the company's investments in associates and reflecting the portion of each line item attributable to non-controlling interests for the three months ended June 30, 2020: Attributable to the partnership Contribution from equity-accounted investments Attributable As per financials (1) (MILLIONS) Hydroelectric Wind Energy transition Corporate Total Revenues $ 216 $ 18 $ 14 $ — $ 248 $ (11) $ 527 $ 764 Other income 9 — — — 9 — 5 14 Direct operating costs (82) (5) (8) — (95) 5 (174) (264) Share of Adjusted EBITDA from equity-accounted investments — — — — — 6 — 6 Adjusted EBITDA 143 13 6 — 162 — 358 Management service costs — — — (25) (25) — (11) (36) Interest expense (1) (28) (3) (1) — (32) 3 (160) (189) Current income taxes 2 (1) (1) — — — 5 5 Share of interest and cash taxes from equity-accounted investments — — — — — (3) — (3) Share of Funds From Operations attributable to non-controlling interests — — — — — — (192) (192) Funds From Operations 117 9 4 (25) 105 — — Depreciation (55) (11) (4) — (70) 2 (186) (254) Foreign exchange and financial instruments gain (loss) (6) (2) — — (8) 1 (34) (41) Deferred income tax recovery (expense) (7) 1 — — (6) — (2) (8) Other (12) 1 1 — (10) — 34 24 Share of earnings from equity-accounted investments — — — — — (3) — (3) Net income attributable to non-controlling interests — — — — — — 188 188 Net income (loss) attributable to the partnership $ 37 $ (2) $ 1 $ (25) $ 11 $ — $ — $ 11 (1) Share of earnings from equity-accounted investments of nil is comprised of amounts found on the share of Adjusted EBITDA, share of interest and cash taxes and share of earnings lines. Net income attributable to participating non-controlling interests – in operating subsidiaries of $4 million is comprised of amounts found on Share of Funds From Operations attributable to non-controlling interests and Net loss attributable to non-controlling interests. 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 the company's proportionate results to the consolidated statements of income on a line by line basis by aggregating the components comprising the earnings from the company's investments in associates and reflecting the portion of each line item attributable to non-controlling interests for the six months ended June 30, 2021: Attributable to the partnership Contribution from equity-accounted investments Attributable As per financials (1) (MILLIONS) Hydroelectric Wind Solar Energy transition Corporate Total Revenues 478 113 86 65 — 742 (22) 936 1,656 Other income 17 4 3 — — 24 — (5) 19 Direct operating costs (179) (33) (24) (23) — (259) 9 (337) (587) Share of Adjusted EBITDA from equity-accounted investments — — — — — — 13 — 13 Adjusted EBITDA 316 84 65 42 — 507 — 594 Management service costs — — — — (102) (102) — — (102) Interest expense (1) (67) (20) (27) (10) (4) (128) 4 (212) (336) Current income taxes (10) (2) — — — (12) — (19) (31) Share of interest and cash taxes from equity-accounted investments — — — — — — (4) — (4) Share of Funds From Operations attributable to non-controlling interests — — — — — — — (363) (363) Funds From Operations 239 62 38 32 (106) 265 — — Depreciation (125) (61) (42) (20) — (248) 6 (323) (565) Foreign exchange and financial instruments gain (loss) (15) (18) 6 (3) 3 (27) 2 41 16 Deferred income tax recovery (expense) 13 2 1 1 4 21 — (2) 19 Other (23) (10) (9) (2) (49) (93) — (84) (177) Dividends on class A exchangeable shares (1) — — — — (104) (104) — — (104) Remeasurement of exchangeable and class B shares — — — — 788 788 — — 788 Share of earnings from equity-accounted investments — — — — — — (8) — (8) Net loss attributable to non-controlling interests — — — — — — — 368 368 Net income (loss) attributable to the partnership 89 (25) (6) 8 536 602 — — 602 (1) Share of earnings from equity-accounted investments of $1 million is comprised of amounts found on the share of Adjusted EBITDA, share of interest and cash taxes and share of earnings lines. Net income attributable to participating non-controlling interests of $5 million is comprised of amounts found on Share of Funds From Operations attributable to non-controlling interests and Net loss attributable to non-controlling interests. Total interest expense of $440 million is comprised of amounts on Interest expense and Dividends on BEPC exchangeable shares. 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 the company's proportionate results to the consolidated statements of income on a line by line basis by aggregating the components comprising the earnings from the company's investments in associates and reflecting the portion of each line item attributable to non-controlling interests for the six months ended June 30, 2020: Attributable to the partnership Contribution from equity-accounted investments Attributable As per financials (1) (MILLIONS) Hydroelectric Wind Energy transition Corporate Total Revenues 509 29 26 — 564 (23) 1,076 1,617 Other income 13 — — — 13 — 11 24 Direct operating costs (175) (11) (15) — (201) 10 (352) (543) Share of Adjusted EBITDA from equity-accounted investments — — — — — 13 — 13 Adjusted EBITDA 347 18 11 — 376 — 735 Management service costs — — — (44) (44) — (21) (65) Interest expense (1) (63) (6) (3) — (72) 5 (290) (357) Current income taxes (5) (1) (1) — (7) — (7) (14) Share of interest and cash taxes from equity-accounted investments — — — — — (5) — (5) Share of Funds From Operations attributable to non-controlling interests — — — — — — (417) (417) Funds From Operations 279 11 7 (44) 253 — — Depreciation (115) (21) (9) — (145) 5 (373) (513) Foreign exchange and financial instruments gain (loss) 9 (2) (1) 1 7 2 (15) (6) Deferred income tax recovery (expense) (26) 2 — — (24) — (25) (49) Other (19) 1 — — (18) — 33 15 Share of loss from equity-accounted investments — — — — — (7) — (7) Net loss attributable to non-controlling interests — — — — — — 380 380 Net income (loss) attributable to the partnership 128 (9) (3) (43) 73 — — 73 (1) Share of earnings from equity-accounted investments of $1 million is comprised of amounts found on the share of Adjusted EBITDA, share of interest and cash taxes and share of earnings lines. Net income attributable to participating non-controlling interests – in operating subsidiaries of $37 million is comprised of amounts found on Share of Funds From Operations attributable to non-controlling interests and Net loss attributable to non-controlling interests.
Summary of segmented basis about certain items in statement of financial position	The following table presents information on a segmented basis about certain items in our company's statements of financial position and reconciles the company's proportionate results to the consolidated statements of financial position by aggregating the components comprising the company's investments in associates and reflecting the portion of each line item attributable to non-controlling interests: Attributable to the partnership Contribution Attributable As per (MILLIONS) Hydroelectric Wind Solar Energy transition Corporate Total As at June 30, 2021 Cash and cash equivalents $ 51 $ 30 $ 34 $ 14 $ — $ 129 $ (3) $ 270 396 Property, plant and equipment 11,377 1,537 1,699 1,140 — 15,753 (523) 19,018 34,248 Total assets 12,628 2,111 1,850 1,190 12 17,791 (170) 21,184 38,805 Total borrowings 2,769 866 1,305 507 — 5,447 (162) 7,623 12,908 Other liabilities 3,142 575 220 85 6,762 10,784 (8) 3,677 14,453 For the six months ended June 30, 2021: Additions to property, plant and equipment 92 25 41 4 — 162 (5) 300 457 As at December 31, 2020 Cash and cash equivalents $ 32 $ 42 $ 39 $ 21 $ — $ 134 $ (3) $ 224 355 Property, plant and equipment 11,542 2,093 1,709 1,151 — 16,495 (517) 20,119 36,097 Total assets 12,414 2,329 1,867 1,207 9 17,826 (173) 21,820 39,473 Total borrowings 2,690 1,043 1,302 488 — 5,523 (164) 7,463 12,822 Other liabilities 2,844 396 200 108 7,577 11,125 (10) 3,811 14,926 For the six months ended June 30, 2020: Additions to property, plant and equipment (1) 233 — 8 6 — 247 (5) 178 420 (1) The company exercised the option to buy out the lease on its 192 MW hydroelectric facility in Louisiana and recognized a $247 million adjustment ($185 million net to the company) to its corresponding right-of-use asset.
Disclosure of additional information	The following table presents consolidated revenue split by technology for the three and six months ended June 30: Three months ended June 30 Six months ended June 30 (MILLIONS) 2021 2020 2021 2020 Hydroelectric $ 463 $ 433 $ 941 $ 1,002 Wind 144 141 346 279 Solar 144 124 252 216 Energy transition 66 66 117 120 Total $ 817 $ 764 $ 1,656 $ 1,617 The following table presents consolidated property, plant and equipment and equity-accounted investments split by geographical region: (MILLIONS) June 30, 2021 December 31, 2020 North America $ 19,849 $ 21,242 Colombia 7,529 8,150 Brazil 2,957 2,711 Europe 4,287 4,366 $ 34,622 $ 36,469

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 30, 2021
Disclosure of detailed information about property, plant and equipment [abstract]
Reconciliation of property, plant and equipment	The following table presents a reconciliation of property, plant and equipment at fair value: (MILLIONS) Hydroelectric Wind Solar Other (1) Total (2) As at December 31, 2020 $ 22,846 $ 6,316 $ 6,786 $ 149 $ 36,097 Additions 172 89 182 14 457 Transfer to assets held for sale — (759) — — (759) Items recognized through OCI Change in fair value — (257) — — (257) Foreign currency translation (633) (26) (70) 4 (725) Items recognized through net income Depreciation (219) (183) (157) (6) (565) As at June 30, 2021 (3) $ 22,166 $ 5,180 $ 6,741 $ 161 $ 34,248 (1) Includes cogeneration and biomass. (2) Includes assets under construction of $238 million (2020: $183 million) in our hydroelectric segment, $182 million (2020: $96 million) in our wind segment, $348 million (2020: $172 million) in our solar segment, $6 million (2020: $1 million) in other. (3) Includes right-of-use assets not subject to revaluation of $55 million ( 2020 : $55 million) in our hydroelectric segment, $133 million ( 2020 : $159 million) in our wind segment, $162 million ( 2020 : $149 million) in our solar segment, and $2 million ( 2020 : $2 million) in other.

BORROWINGS (Tables)

BORROWINGS (Tables)	6 Months Ended
	Jun. 30, 2021
Disclosure of detailed information about borrowings [abstract]
Summary of borrowings	The composition of non-recourse borrowings is presented in the following table: June 30, 2021 December 31, 2020 Weighted-average Weighted-average (MILLIONS EXCEPT AS NOTED) Interest Term Carrying Estimated Interest Term Carrying Estimated Non-recourse borrowings Hydroelectric 5.0 8 $ 5,637 $ 6,083 4.9 8 $ 5,412 $ 6,108 Wind 3.6 9 2,638 2,864 3.8 10 3,041 3,428 Solar 3.5 12 3,715 4,131 3.4 12 3,480 4,038 Energy transition 3.7 12 943 1,009 3.8 12 926 1,021 Total 4.2 9 $ 12,933 $ 14,087 4.1 10 $ 12,859 $ 14,595 Add: Unamortized premiums (1) 55 56 Less: Unamortized financing fees (1) (80) (93) Less: Current portion (927) (775) $ 11,981 $ 12,047 (1) Unamortized premiums and unamortized financing fees are amortized over the terms of the borrowing.

NON-CONTROLLING INTERESTS (Tabl

NON-CONTROLLING INTERESTS (Tables)	6 Months Ended
	Jun. 30, 2021
Disclosure Of Detailed Information About Non-controlling Interests [Abstract]
Summary of non-controlling interests	The company`s non-controlling interests are comprised of the following: (MILLIONS) June 30, 2021 December 31, 2020 Non-controlling interests Participating non-controlling interests – in operating subsidiaries $ 9,627 $ 10,290 Participating non-controlling interests – in a holding subsidiary held by the partnership 258 258 $ 9,885 $ 10,548 The net change in participating non-controlling interests – in operating subsidiaries is as follows: (MILLIONS) Brookfield Americas Infrastructure Fund Brookfield Infrastructure Fund II Brookfield Infrastructure Fund III Brookfield Infrastructure Fund IV Isagen institutional investors Isagen public non-controlling interests The Catalyst Group TerraForm Power Other Total As at December 31, 2020 $ 1,002 $ 1,902 $ 3,082 $ 74 $ 2,650 $ 14 $ 97 $ 961 $ 508 $ 10,290 Net income (loss) 2 (15) (27) (2) 83 — 11 (57) (5) (10) Other comprehensive income (loss) (79) (1) (106) 6 (230) (1) — (5) 3 (413) Capital contributions — — — 38 — — — — — 38 Dividends declared (4) (5) (98) (11) (120) (1) (4) (41) (6) (290) Other — — (5) — — — — (5) 22 12 As at June 30, 2021 $ 921 $ 1,881 $ 2,846 $ 105 $ 2,383 $ 12 $ 104 $ 853 $ 522 $ 9,627 Interests held by third parties 75% - 80% 43% - 60% 23% - 71% 75 % 53 % 0.3 % 25 % 33 % 21% - 30%

BEPC EXCHAGEABLE SHARES, BEPC_2

BEPC EXCHAGEABLE SHARES, BEPC CLASS B SHARES AND BEPC CLASS C SHARES (Tables)	6 Months Ended
	Jun. 30, 2021
Disclosure Of Share Capital, Reserves And Other Equity Interest [Abstract]
Schedule of outstanding shares	The following table provides a continuity schedule of outstanding BEPC exchangeable shares and BEPC class B shares along with our corresponding liability and remeasurement gains and losses. BEPC exchangeable shares outstanding (units) BEPC class B shares outstanding (units) BEPC exchangeable and BEPC class B shares ($ million) Balance as at December 31, 2020 172,180,417 165 $ 7,430 Share issuance (1) 38,996 — 1 Share exchanges (9,642) — (1) Remeasurement of liability — — (788) Balance as at June 30, 2021 172,209,771 165 $ 6,642 (1) Associated with the restricted stock units of TerraForm Power that were assumed by the company as part of the acquisition of TerraForm Power on July 31, 2020, adjusted for the three-for-two share split in December 2020.

EQUITY-ACCOUNTED INVESTMENTS (T

EQUITY-ACCOUNTED INVESTMENTS (Tables)	6 Months Ended
	Jun. 30, 2021
Disclosure Of Detailed Information About Equity-Accounted Investments [Abstract]
Summary of Equity-Accounted Investments	The following are the company’s equity-accounted investments for the six months ended June 30, 2021: (MILLIONS) June 30, 2021 Opening balance $ 372 Share of net earnings 1 Dividends received (1) Foreign exchange translation and other 2 Ending balance $ 374

CASH AND CASH EQUIVALENTS (Tabl

CASH AND CASH EQUIVALENTS (Tables)	6 Months Ended
	Jun. 30, 2021
Disclosure Of Detailed Information About Cash And Cash Equivalents [Abstract]
Summary of Cash and Cash Equivalents	The company’s cash and cash equivalents are as follows: (MILLIONS) June 30, 2021 December 31, 2020 Cash $ 391 $ 347 Short-term deposits 5 8 $ 396 $ 355

RESTRICTED CASH (Tables)

RESTRICTED CASH (Tables)	6 Months Ended
	Jun. 30, 2021
Disclosure Of Detailed Information About Restricted Cash [Abstract]
Summary of Restricted Cash	The company’s restricted cash is as follows: (MILLIONS) June 30, 2021 December 31, 2020 Operations $ 149 $ 123 Credit obligations 76 72 Development projects 63 34 Total 288 229 Less: non-current (87) (75) Current $ 201 $ 154

TRADE RECEIVABLES AND OTHER C_2

TRADE RECEIVABLES AND OTHER CURRENT ASSETS (Tables)	6 Months Ended
	Jun. 30, 2021
Disclosure Trade Receivables and Other Current Assets [Abstract]
Summary of Trade Receivables and Other Current Assets	The company's trade receivables and other current assets are as follows: (MILLIONS) June 30, 2021 December 31, 2020 Trade receivables $ 485 $ 471 Prepaids and other 66 45 Inventory 22 22 Income tax receivables 8 5 Other short-term receivables and collateral assets 257 80 $ 838 $ 623

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2021
Disclosure Accounts Payable and Accured Liabilities [Abstract]
Summary of Accounts Payable and Accrued Liabilities	The company's accounts payable and accrued liabilities are as follows: (MILLIONS) June 30, 2021 December 31, 2020 Operating accrued liabilities $ 235 $ 203 Accounts payable 137 114 Interest payable on borrowings 66 65 BEPC exchangeable shares distributions payable (1) 16 11 Current portion of lease liabilities 26 30 Other 29 27 $ 509 $ 450 (1) Includes amounts payable only to external shareholders. Amounts payable to Brookfield and the partnership are included in due to related parties.

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	6 Months Ended
	Jun. 30, 2021
Related party transactions [abstract]
Schedule of related party agreements and transactions	The following table reflects the related party agreements and transactions for the three and six months ended June 30 in the interim consolidated statements of income: Three months ended June 30 Six months ended June 30 (MILLIONS) 2021 2020 2021 2020 Revenues Power purchase and revenue agreements $ 35 $ 99 $ 108 $ 225 Direct operating costs Energy purchases (1) $ (9) $ (2) $ (13) $ (5) Energy marketing & other services (5) 2 (6) (4) Insurance services (2) — (5) — (10) $ (14) $ (5) $ (19) $ (19) Interest expense Borrowings $ (12) $ — $ (12) $ (1) Management service costs $ (47) $ (36) $ (102) $ (65) (1) Certain subsidiaries that the company controls, through a voting agreement, have entered into agreements to appoint the partnership as their agent in entering into certain derivative transactions with external counterparties to hedge against fluctuations in power purchase prices. For the three and six months ended June 30, 2021, the company recognized nil and $62 million gains, respectively (2020:nil) associated with agency arrangement which have been excluded from energy purchases. (2) Insurance services are paid to a subsidiary of Brookfield Asset Management that brokers external insurance providers on behalf of our company. Beginning 2020, insurance services are paid for directly to external insurance providers. The fees paid to the subsidiary of Brookfield Asset Management for the three and six months ended June 30, 2020 were nil.

ASSETS HELD FOR SALE - Narrativ

ASSETS HELD FOR SALE - Narrative (Details) - 1 months ended Apr. 30, 2021 - 391 MW Wind Portfolio - United States ฿ in Millions, $ in Millions	THB (฿)MW	USD ($)MW
Disclosure of detailed information about investment property [line items]
Ownership interest	100.00%	100.00%
Wind power capacity (in MW) | MW	391	391
Proceeds | $		$ 161
Proportion of voting rights held in associate	100.00%	100.00%
Brookfield Renewable and Institutional Partners
Disclosure of detailed information about investment property [line items]
Proceeds | ฿	฿ 365
Minimum
Disclosure of detailed information about investment property [line items]
Proportion of economic interest	20.00%	20.00%
Maximum
Disclosure of detailed information about investment property [line items]
Proportion of economic interest	100.00%	100.00%

ASSETS HELD FOR SALE - Summary

ASSETS HELD FOR SALE - Summary of Major Items of Assets and Liabilities Classified as Held for Sale (Details) - USD ($) $ in Millions	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents	$ 396	$ 298	$ 355	$ 406	$ 406	$ 304
Restricted cash	201		154
Trade receivables and other current assets	838		623
Property, plant and equipment	34,248		36,097
Other long-term assets	121		109
Total Assets	38,805		39,473
Liabilities
Current liabilities	9,828		9,839
Long-term debt	927		775
Other long-term liabilities	524		$ 531
Assets and liabilities classified as held for sale
Assets
Cash and cash equivalents	16
Restricted cash	8
Trade receivables and other current assets	13
Property, plant and equipment	759
Other long-term assets	2
Total Assets	798
Liabilities
Current liabilities	9
Long-term debt	361
Other long-term liabilities	31
Total liabilities	$ 401

RISK MANAGEMENT AND FINANCIAL_3

RISK MANAGEMENT AND FINANCIAL INSTRUMENTS - Assets and Liabilities Measured and Disclosed at Fair Value (Details) - USD ($) $ in Millions	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Disclosure of financial assets and liabilities [line items]
Cash and cash equivalents	$ 396	$ 298	$ 355	$ 406	$ 406	$ 304
Restricted cash	288		229
Property, plant and equipment	34,248		36,097
Tax equity	(347)		(402)
Total	13,654		14,068
BEPC exchangeable and class B shares
Disclosure of financial assets and liabilities [line items]
Liabilities for which fair value is disclosed	(6,642)		(7,430)
Non-recourse borrowings
Disclosure of financial assets and liabilities [line items]
Liabilities for which fair value is disclosed	(14,087)		(14,595)
Energy derivative contracts
Disclosure of financial assets and liabilities [line items]
Financial instrument assets	82		104
Financial instrument liabilities	(168)		(27)
Interest rate swaps
Disclosure of financial assets and liabilities [line items]
Financial instrument assets	23		0
Financial instrument liabilities	(175)		(244)
Foreign exchange swaps
Disclosure of financial assets and liabilities [line items]
Financial instrument assets	41		4
Financial instrument liabilities	(5)		$ (23)
Level 1
Disclosure of financial assets and liabilities [line items]
Cash and cash equivalents	396
Restricted cash	288
Property, plant and equipment	0
Tax equity	0
Total	(7,937)
Level 1 | BEPC exchangeable and class B shares
Disclosure of financial assets and liabilities [line items]
Liabilities for which fair value is disclosed	(6,642)
Level 1 | Non-recourse borrowings
Disclosure of financial assets and liabilities [line items]
Liabilities for which fair value is disclosed	(1,979)
Level 1 | Energy derivative contracts
Disclosure of financial assets and liabilities [line items]
Financial instrument assets	0
Financial instrument liabilities	0
Level 1 | Interest rate swaps
Disclosure of financial assets and liabilities [line items]
Financial instrument assets	0
Financial instrument liabilities	0
Level 1 | Foreign exchange swaps
Disclosure of financial assets and liabilities [line items]
Financial instrument assets	0
Financial instrument liabilities	0
Level 2
Disclosure of financial assets and liabilities [line items]
Cash and cash equivalents	0
Restricted cash	0
Property, plant and equipment	0
Tax equity	0
Total	(12,309)
Level 2 | BEPC exchangeable and class B shares
Disclosure of financial assets and liabilities [line items]
Liabilities for which fair value is disclosed	0
Level 2 | Non-recourse borrowings
Disclosure of financial assets and liabilities [line items]
Liabilities for which fair value is disclosed	(12,108)
Level 2 | Energy derivative contracts
Disclosure of financial assets and liabilities [line items]
Financial instrument assets	64
Financial instrument liabilities	(149)
Level 2 | Interest rate swaps
Disclosure of financial assets and liabilities [line items]
Financial instrument assets	23
Financial instrument liabilities	(175)
Level 2 | Foreign exchange swaps
Disclosure of financial assets and liabilities [line items]
Financial instrument assets	41
Financial instrument liabilities	(5)
Level 3
Disclosure of financial assets and liabilities [line items]
Cash and cash equivalents	0
Restricted cash	0
Property, plant and equipment	34,248
Tax equity	(347)
Total	33,900
Level 3 | BEPC exchangeable and class B shares
Disclosure of financial assets and liabilities [line items]
Liabilities for which fair value is disclosed	0
Level 3 | Non-recourse borrowings
Disclosure of financial assets and liabilities [line items]
Liabilities for which fair value is disclosed	0
Level 3 | Energy derivative contracts
Disclosure of financial assets and liabilities [line items]
Financial instrument assets	18
Financial instrument liabilities	(19)
Level 3 | Interest rate swaps
Disclosure of financial assets and liabilities [line items]
Financial instrument assets	0
Financial instrument liabilities	0
Level 3 | Foreign exchange swaps
Disclosure of financial assets and liabilities [line items]
Financial instrument assets	0
Financial instrument liabilities	$ 0

RISK MANAGEMENT AND FINANCIAL_4

RISK MANAGEMENT AND FINANCIAL INSTRUMENTS - Aggregate Amount of Net Financial Instrument Positions (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Assets
Disclosure of derivative assets liabilities net position [Line Items]
Total	$ 146
Less: current portion	95
Long-term portion	51
Liabilities
Disclosure of derivative assets liabilities net position [Line Items]
Total	695
Less: current portion	272
Long-term portion	423
Net Assets (Liabilities)
Disclosure of derivative assets liabilities net position [Line Items]
Total	(549)	$ (588)
Less: current portion	(177)	(158)
Long-term portion	(372)	(430)
Energy derivative contracts | Assets
Disclosure of derivative assets liabilities net position [Line Items]
Total	82
Energy derivative contracts | Liabilities
Disclosure of derivative assets liabilities net position [Line Items]
Total	168
Energy derivative contracts | Net Assets (Liabilities)
Disclosure of derivative assets liabilities net position [Line Items]
Total	(86)	77
Interest rate swaps | Assets
Disclosure of derivative assets liabilities net position [Line Items]
Total	23
Interest rate swaps | Liabilities
Disclosure of derivative assets liabilities net position [Line Items]
Total	175
Interest rate swaps | Net Assets (Liabilities)
Disclosure of derivative assets liabilities net position [Line Items]
Total	(152)	(244)
Foreign exchange swaps | Assets
Disclosure of derivative assets liabilities net position [Line Items]
Total	41
Foreign exchange swaps | Liabilities
Disclosure of derivative assets liabilities net position [Line Items]
Total	5
Foreign exchange swaps | Net Assets (Liabilities)
Disclosure of derivative assets liabilities net position [Line Items]
Total	36	(19)
Tax equity | Assets
Disclosure of derivative assets liabilities net position [Line Items]
Total	0
Tax equity | Liabilities
Disclosure of derivative assets liabilities net position [Line Items]
Total	347
Tax equity | Net Assets (Liabilities)
Disclosure of derivative assets liabilities net position [Line Items]
Total	$ (347)	$ (402)

RISK MANAGEMENT AND FINANCIAL_5

RISK MANAGEMENT AND FINANCIAL INSTRUMENTS - Unrealized Gains (Losses) Included in OCI (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Investment In Equity and Debt Securities [Line Items]
Unrealized gains (losses) included in Foreign exchange and unrealized financial instrument gain (loss), Net	$ (18)	$ (41)	$ 16	$ (6)
Unrealized gains (losses) hedging instruments included in other comprehensive income	(78)	(21)	38	(11)
Reclassification adjustments recognized in net income	0	(16)	(60)	(37)
Energy derivative contracts
Investment In Equity and Debt Securities [Line Items]
Unrealized gains (losses) included in Foreign exchange and unrealized financial instrument gain (loss), Net	(44)	(6)	(63)	(1)
Unrealized gains (losses) hedging instruments included in other comprehensive income	(71)	(12)	(23)	28
Reclassification adjustments recognized in net income	(1)	(17)	(63)	(41)
Interest rate swaps
Investment In Equity and Debt Securities [Line Items]
Unrealized gains (losses) included in Foreign exchange and unrealized financial instrument gain (loss), Net	8	(17)	33	(20)
Unrealized gains (losses) hedging instruments included in other comprehensive income	(3)	(9)	37	(60)
Reclassification adjustments recognized in net income	1	1	3	4
Foreign exchange swaps
Investment In Equity and Debt Securities [Line Items]
Unrealized gains (losses) included in Foreign exchange and unrealized financial instrument gain (loss), Net	3	(16)	48	32
Unrealized gains (losses) hedging instruments included in other comprehensive income	(9)	0	(2)	0
Tax equity
Investment In Equity and Debt Securities [Line Items]
Unrealized gains (losses) included in Foreign exchange and unrealized financial instrument gain (loss), Net	2	(12)	16	(11)
Foreign exchange gain (loss)
Investment In Equity and Debt Securities [Line Items]
Unrealized gains (losses) included in Foreign exchange and unrealized financial instrument gain (loss), Net	13	10	(18)	(6)
Unrealized gains (losses) hedging instruments included in other comprehensive income	(83)	(21)	12	(32)
Foreign exchange swaps – net investment
Investment In Equity and Debt Securities [Line Items]
Unrealized gains (losses) included in other comprehensive income	$ 5	$ 0	$ 26	$ 21

SEGMENTED INFORMATION - Summary

SEGMENTED INFORMATION - Summary of Operating Results by Segment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disclosure of operating segments [line items]
Revenues	$ 817	$ 764	$ 1,656	$ 1,617
Other income	5	14	19	24
Direct operating costs	(249)	(264)	(587)	(543)
Share of Adjusted EBITDA from equity-accounted investments	5	6	13	13
Management service costs	(47)	(36)	(102)	(65)
Interest expense	(168)	(189)	(336)	(357)
Current tax expenses	(18)	5	(31)	(14)
Share of interest and cash taxes from equity-accounted investments	(2)	(3)	(4)	(5)
Share of Funds From Operations attributable to non-controlling interests	(204)	(192)	(363)	(417)
Depreciation	(275)	(254)	(565)	(513)
Foreign exchange and financial instruments gain (loss)	(18)	(41)	16	(6)
Deferred income tax recovery (expense)	2	(8)	19	(49)
Other	(31)	24	(177)	15
Dividends on class A exchangeable shares	(52)		(104)
Remeasurement of BEPC exchangeable and class B shares	694	0	788	0
Share of earnings from equity-accounted investments	(4)	(3)	(8)	(7)
Net income attributable to non-controlling interests	156	188	368	380
Net income (loss) attributable to the partnership	611	11	602	73
Share earnings (loss) from equity-accounted investments	(1)	0	1	1
Net income (loss) attributable to participating non-controlling interests	(48)	4	5	37
Attributable to the partnership
Disclosure of operating segments [line items]
Revenues	373	248	742	564
Other income	11	9	24	13
Direct operating costs	(128)	(95)	(259)	(201)
Share of Adjusted EBITDA from equity-accounted investments	0	0	0	0
Adjusted EBITDA	256	162	507	376
Management service costs	(47)	(25)	(102)	(44)
Interest expense	(63)	(32)	(128)	(72)
Current tax expenses	(7)	0	(12)	(7)
Share of interest and cash taxes from equity-accounted investments	0	0	0	0
Share of Funds From Operations attributable to non-controlling interests	0	0	0	0
Funds From Operations	139	105	265	253
Depreciation	(122)	(70)	(248)	(145)
Foreign exchange and financial instruments gain (loss)	(25)	(8)	(27)	7
Deferred income tax recovery (expense)	8	(6)	21	(24)
Other	(31)	(10)	(93)	(18)
Dividends on class A exchangeable shares	(52)		(104)
Remeasurement of BEPC exchangeable and class B shares	694		788
Share of earnings from equity-accounted investments	0	0	0	0
Net income attributable to non-controlling interests	0	0	0	0
Net income (loss) attributable to the partnership	611	11	602	73
Interest expense including dividends on class A exchangeable shares	220		440
Contribution from equity-accounted investments
Disclosure of operating segments [line items]
Revenues	(9)	(11)	(22)	(23)
Other income	0	0	0	0
Direct operating costs	4	5	9	10
Share of Adjusted EBITDA from equity-accounted investments	5	6	13	13
Adjusted EBITDA	0	0	0	0
Management service costs	0	0	0	0
Interest expense	2	3	4	5
Current tax expenses	0	0	0	0
Share of interest and cash taxes from equity-accounted investments	(2)	(3)	(4)	(5)
Share of Funds From Operations attributable to non-controlling interests	0	0	0	0
Funds From Operations	0	0	0	0
Depreciation	3	2	6	5
Foreign exchange and financial instruments gain (loss)	1	1	2	2
Deferred income tax recovery (expense)	0	0	0	0
Other	0	0	0	0
Dividends on class A exchangeable shares	0		0
Remeasurement of BEPC exchangeable and class B shares	0		0
Share of earnings from equity-accounted investments	(4)	(3)	(8)	(7)
Net income attributable to non-controlling interests	0	0	0	0
Net income (loss) attributable to the partnership	0	0	0	0
Attributable to non- controlling interests
Disclosure of operating segments [line items]
Revenues	453	527	936	1,076
Other income	(6)	5	(5)	11
Direct operating costs	(125)	(174)	(337)	(352)
Share of Adjusted EBITDA from equity-accounted investments	0	0	0	0
Adjusted EBITDA	322	358	594	735
Management service costs	0	(11)	0	(21)
Interest expense	(107)	(160)	(212)	(290)
Current tax expenses	(11)	5	(19)	(7)
Share of interest and cash taxes from equity-accounted investments	0	0	0	0
Share of Funds From Operations attributable to non-controlling interests	(204)	(192)	(363)	(417)
Funds From Operations	0	0	0	0
Depreciation	(156)	(186)	(323)	(373)
Foreign exchange and financial instruments gain (loss)	6	(34)	41	(15)
Deferred income tax recovery (expense)	(6)	(2)	(2)	(25)
Other	0	34	(84)	33
Dividends on class A exchangeable shares	0		0
Remeasurement of BEPC exchangeable and class B shares	0		0
Share of earnings from equity-accounted investments	0	0	0	0
Net income attributable to non-controlling interests	156	188	368	380
Net income (loss) attributable to the partnership	0	0	0	0
Hydroelectric
Disclosure of operating segments [line items]
Revenues	463	433	941	1,002
Hydroelectric | Attributable to the partnership
Disclosure of operating segments [line items]
Revenues	243	216	478	509
Other income	10	9	17	13
Direct operating costs	(96)	(82)	(179)	(175)
Share of Adjusted EBITDA from equity-accounted investments	0	0	0	0
Adjusted EBITDA	157	143	316	347
Management service costs	0	0	0	0
Interest expense	(31)	(28)	(67)	(63)
Current tax expenses	(5)	2	(10)	(5)
Share of interest and cash taxes from equity-accounted investments	0	0	0	0
Share of Funds From Operations attributable to non-controlling interests	0	0	0	0
Funds From Operations	121	117	239	279
Depreciation	(65)	(55)	(125)	(115)
Foreign exchange and financial instruments gain (loss)	(18)	(6)	(15)	9
Deferred income tax recovery (expense)	9	(7)	13	(26)
Other	(19)	(12)	(23)	(19)
Dividends on class A exchangeable shares	0		0
Remeasurement of BEPC exchangeable and class B shares	0		0
Share of earnings from equity-accounted investments	0	0	0	0
Net income attributable to non-controlling interests	0	0	0	0
Net income (loss) attributable to the partnership	28	37	89	128
Wind
Disclosure of operating segments [line items]
Revenues	144	141	346	279
Wind | Attributable to the partnership
Disclosure of operating segments [line items]
Revenues	47	18	113	29
Other income	0	0	4	0
Direct operating costs	(8)	(5)	(33)	(11)
Share of Adjusted EBITDA from equity-accounted investments	0	0	0	0
Adjusted EBITDA	39	13	84	18
Management service costs	0	0	0	0
Interest expense	(10)	(3)	(20)	(6)
Current tax expenses	(2)	(1)	(2)	(1)
Share of interest and cash taxes from equity-accounted investments	0	0	0	0
Share of Funds From Operations attributable to non-controlling interests	0	0	0	0
Funds From Operations	27	9	62	11
Depreciation	(27)	(11)	(61)	(21)
Foreign exchange and financial instruments gain (loss)	(7)	(2)	(18)	(2)
Deferred income tax recovery (expense)	(1)	1	2	2
Other	(9)	1	(10)	1
Dividends on class A exchangeable shares	0		0
Remeasurement of BEPC exchangeable and class B shares	0		0
Share of earnings from equity-accounted investments	0	0	0	0
Net income attributable to non-controlling interests	0	0	0	0
Net income (loss) attributable to the partnership	(17)	(2)	(25)	(9)
Solar
Disclosure of operating segments [line items]
Revenues	144	124	252	216
Solar | Attributable to the partnership
Disclosure of operating segments [line items]
Revenues	49		86
Other income	1		3
Direct operating costs	(12)		(24)
Share of Adjusted EBITDA from equity-accounted investments	0		0
Adjusted EBITDA	38		65
Management service costs	0		0
Interest expense	(13)		(27)
Current tax expenses	0		0
Share of interest and cash taxes from equity-accounted investments	0		0
Share of Funds From Operations attributable to non-controlling interests	0		0
Funds From Operations	25		38
Depreciation	(20)		(42)
Foreign exchange and financial instruments gain (loss)	2		6
Deferred income tax recovery (expense)	2		1
Other	(3)		(9)
Dividends on class A exchangeable shares	0		0
Remeasurement of BEPC exchangeable and class B shares	0		0
Share of earnings from equity-accounted investments	0		0
Net income attributable to non-controlling interests	0		0
Net income (loss) attributable to the partnership	6		(6)
Energy transition
Disclosure of operating segments [line items]
Revenues	66	66	117	120
Energy transition | Attributable to the partnership
Disclosure of operating segments [line items]
Revenues	34	14	65	26
Other income	0	0	0	0
Direct operating costs	(12)	(8)	(23)	(15)
Share of Adjusted EBITDA from equity-accounted investments	0	0	0	0
Adjusted EBITDA	22	6	42	11
Management service costs	0	0	0	0
Interest expense	(5)	(1)	(10)	(3)
Current tax expenses	0	(1)	0	(1)
Share of interest and cash taxes from equity-accounted investments	0	0	0	0
Share of Funds From Operations attributable to non-controlling interests	0	0	0	0
Funds From Operations	17	4	32	7
Depreciation	(10)	(4)	(20)	(9)
Foreign exchange and financial instruments gain (loss)	(4)	0	(3)	(1)
Deferred income tax recovery (expense)	0	0	1	0
Other	0	1	(2)	0
Dividends on class A exchangeable shares	0		0
Remeasurement of BEPC exchangeable and class B shares	0		0
Share of earnings from equity-accounted investments	0	0	0	0
Net income attributable to non-controlling interests	0	0	0	0
Net income (loss) attributable to the partnership	3	1	8	(3)
Corporate | Attributable to the partnership
Disclosure of operating segments [line items]
Revenues	0	0	0	0
Other income	0	0	0	0
Direct operating costs	0	0	0	0
Share of Adjusted EBITDA from equity-accounted investments	0	0	0	0
Adjusted EBITDA	0	0	0	0
Management service costs	(47)	(25)	(102)	(44)
Interest expense	(4)	0	(4)	0
Current tax expenses	0	0	0	0
Share of interest and cash taxes from equity-accounted investments	0	0	0	0
Share of Funds From Operations attributable to non-controlling interests	0	0	0	0
Funds From Operations	(51)	(25)	(106)	(44)
Depreciation	0	0	0	0
Foreign exchange and financial instruments gain (loss)	2	0	3	1
Deferred income tax recovery (expense)	(2)	0	4	0
Other	0	0	(49)	0
Dividends on class A exchangeable shares	(52)		(104)
Remeasurement of BEPC exchangeable and class B shares	694		788
Share of earnings from equity-accounted investments	0	0	0	0
Net income attributable to non-controlling interests	0	0	0	0
Net income (loss) attributable to the partnership	$ 591	$ (25)	$ 536	$ (43)

SEGMENTED INFORMATION - Summa_2

SEGMENTED INFORMATION - Summary of Segments by Balance Sheet Disclosures (Details) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)MW	Jun. 30, 2021USD ($)	Mar. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Disclosure of operating segments [line items]
Cash and cash equivalents	$ 406	$ 396	$ 298	$ 355	$ 406	$ 304
Property, plant and equipment		34,248		36,097
Total assets		38,805		39,473
Total borrowings		12,908		12,822
Other liabilities		14,453		14,926
Additions to property, plant and equipment	$ 420	457
192 MW Hydro Portfolio
Disclosure of operating segments [line items]
Hydro power capacity (in MW) | MW	192
Adjustment	$ 185
192 MW Hydro Portfolio | Brookfield Renewable and Institutional Partners
Disclosure of operating segments [line items]
Adjustment	247
Attributable to the partnership
Disclosure of operating segments [line items]
Cash and cash equivalents		129		134
Property, plant and equipment		15,753		16,495
Total assets		17,791		17,826
Total borrowings		5,447		5,523
Other liabilities		10,784		11,125
Additions to property, plant and equipment	247	162
Contribution from equity-accounted investments
Disclosure of operating segments [line items]
Cash and cash equivalents		(3)		(3)
Property, plant and equipment		(523)		(517)
Total assets		(170)		(173)
Total borrowings		(162)		(164)
Other liabilities		(8)		(10)
Additions to property, plant and equipment	(5)	(5)
Attributable to non- controlling interests
Disclosure of operating segments [line items]
Cash and cash equivalents		270		224
Property, plant and equipment		19,018		20,119
Total assets		21,184		21,820
Total borrowings		7,623		7,463
Other liabilities		3,677		3,811
Additions to property, plant and equipment	178	300
Hydroelectric
Disclosure of operating segments [line items]
Property, plant and equipment		22,166		22,846
Hydroelectric | Attributable to the partnership
Disclosure of operating segments [line items]
Cash and cash equivalents		51		32
Property, plant and equipment		11,377		11,542
Total assets		12,628		12,414
Total borrowings		2,769		2,690
Other liabilities		3,142		2,844
Additions to property, plant and equipment	233	92
Wind
Disclosure of operating segments [line items]
Property, plant and equipment		5,180		6,316
Wind | Attributable to the partnership
Disclosure of operating segments [line items]
Cash and cash equivalents		30		42
Property, plant and equipment		1,537		2,093
Total assets		2,111		2,329
Total borrowings		866		1,043
Other liabilities		575		396
Additions to property, plant and equipment	0	25
Solar
Disclosure of operating segments [line items]
Property, plant and equipment		6,741		6,786
Solar | Attributable to the partnership
Disclosure of operating segments [line items]
Cash and cash equivalents		34		39
Property, plant and equipment		1,699		1,709
Total assets		1,850		1,867
Total borrowings		1,305		1,302
Other liabilities		220		200
Additions to property, plant and equipment	8	41
Energy transition | Attributable to the partnership
Disclosure of operating segments [line items]
Cash and cash equivalents		14		21
Property, plant and equipment		1,140		1,151
Total assets		1,190		1,207
Total borrowings		507		488
Other liabilities		85		108
Additions to property, plant and equipment	6	4
Corporate | Attributable to the partnership
Disclosure of operating segments [line items]
Cash and cash equivalents		0		0
Property, plant and equipment		0		0
Total assets		12		9
Total borrowings		0		0
Other liabilities		6,762		$ 7,577
Additions to property, plant and equipment	$ 0	$ 0

SEGMENTED INFORMATION - Summa_3

SEGMENTED INFORMATION - Summary of Geographical and Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Disclosure of operating segments [line items]
Revenues	$ 817	$ 764	$ 1,656	$ 1,617
Consolidated property, plant and equipment and equity-accounted investments	34,622		34,622		$ 36,469
North America
Disclosure of operating segments [line items]
Consolidated property, plant and equipment and equity-accounted investments	19,849		19,849		21,242
Colombia
Disclosure of operating segments [line items]
Consolidated property, plant and equipment and equity-accounted investments	7,529		7,529		8,150
Brazil
Disclosure of operating segments [line items]
Consolidated property, plant and equipment and equity-accounted investments	2,957		2,957		2,711
Europe
Disclosure of operating segments [line items]
Consolidated property, plant and equipment and equity-accounted investments	4,287		4,287		$ 4,366
Hydroelectric
Disclosure of operating segments [line items]
Revenues	463	433	941	1,002
Wind
Disclosure of operating segments [line items]
Revenues	144	141	346	279
Solar
Disclosure of operating segments [line items]
Revenues	144	124	252	216
Energy transition
Disclosure of operating segments [line items]
Revenues	$ 66	$ 66	$ 117	$ 120

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Disclosure Of Income Taxes [Abstract]
Effective income tax rate	2.00%	36.40%

PROPERTY, PLANT AND EQUIPMENT -

PROPERTY, PLANT AND EQUIPMENT - Summary of Property, Plant and Equipment (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	$ 36,097
Additions	457
Transfer to assets held for sale	(759)
Items recognized through OCI
Change in fair value	(257)
Foreign currency translation	(725)
Items recognized through net income
Depreciation	(565)
Ending balance	34,248
Hydroelectric
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	22,846
Additions	172
Transfer to assets held for sale	0
Items recognized through OCI
Change in fair value	0
Foreign currency translation	(633)
Items recognized through net income
Depreciation	(219)
Ending balance	22,166
Construction in progress	238	$ 183
Right-of-use asset not subject to revaluation	55	55
Wind
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	6,316
Additions	89
Transfer to assets held for sale	(759)
Items recognized through OCI
Change in fair value	(257)
Foreign currency translation	(26)
Items recognized through net income
Depreciation	(183)
Ending balance	5,180
Construction in progress	182	96
Right-of-use asset not subject to revaluation	133	159
Solar
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	6,786
Additions	182
Transfer to assets held for sale	0
Items recognized through OCI
Change in fair value	0
Foreign currency translation	(70)
Items recognized through net income
Depreciation	(157)
Ending balance	6,741
Construction in progress	348	172
Right-of-use asset not subject to revaluation	162	149
Other
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	149
Additions	14
Transfer to assets held for sale	0
Items recognized through OCI
Change in fair value	0
Foreign currency translation	4
Items recognized through net income
Depreciation	(6)
Ending balance	161
Construction in progress	6	1
Right-of-use asset not subject to revaluation	$ 2	$ 2

BORROWINGS - Composition of Non

BORROWINGS - Composition of Non-recourse Borrowings (Details) - Non-recourse borrowings - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Disclosure of detailed information about borrowings [line items]
Interest rate (%)	4.20%	4.10%
Term (years)	9 years	10 years
Carrying value	$ 12,933	$ 12,859
Add: Unamortized premium	55	56
Less: Unamortized financing fees	(80)	(93)
Less: Current portion	(927)	(775)
Non Recourse Borrowings	11,981	12,047
Estimated fair value	$ 14,087	$ 14,595
Hydroelectric
Disclosure of detailed information about borrowings [line items]
Interest rate (%)	5.00%	4.90%
Term (years)	8 years	8 years
Carrying value	$ 5,637	$ 5,412
Estimated fair value	$ 6,083	$ 6,108
Wind
Disclosure of detailed information about borrowings [line items]
Interest rate (%)	3.60%	3.80%
Term (years)	9 years	10 years
Carrying value	$ 2,638	$ 3,041
Estimated fair value	$ 2,864	$ 3,428
Solar
Disclosure of detailed information about borrowings [line items]
Interest rate (%)	3.50%	3.40%
Term (years)	12 years	12 years
Carrying value	$ 3,715	$ 3,480
Estimated fair value	$ 4,131	$ 4,038
Energy transition
Disclosure of detailed information about borrowings [line items]
Interest rate (%)	3.70%	3.80%
Term (years)	12 years	12 years
Carrying value	$ 943	$ 926
Estimated fair value	$ 1,009	$ 1,021

BORROWINGS - Narrative (Details

BORROWINGS - Narrative (Details) R in Millions, $ in Millions, $ in Millions	Jun. 30, 2021USD ($)	Jun. 30, 2021COP ($)	Jun. 30, 2021ZAR (R)	Mar. 31, 2021USD ($)tranche	Mar. 31, 2021COP ($)tranche
March 2021 Refinancing Maturing March 2023
Disclosure of detailed information about borrowings [line items]
Principal value				$ 50	$ 180,000
Number of tranches				2	2
Interest rate (%)				1.09%	1.09%
June 2021 Refinancing Maturing 2045
Disclosure of detailed information about borrowings [line items]
Principal value	$ 300		R 1,500
Interest rate (%)	5.20%	5.20%	5.20%
June 2021 Refinancing Maturing 2023
Disclosure of detailed information about borrowings [line items]
Principal value	$ 70		R 350
Interest rate (%)	1.59%	1.59%	1.59%
June 2021 Refinancing Maturing 2041
Disclosure of detailed information about borrowings [line items]
Principal value	$ 159	$ 600,000
Interest rate (%)	4.45%	4.45%	4.45%
June 2021 Refinancing Maturing 2026
Disclosure of detailed information about borrowings [line items]
Interest rate (%)	6.49%	6.49%	6.49%
June 2021 Refinancing Maturing 2029
Disclosure of detailed information about borrowings [line items]
Interest rate (%)	3.35%	3.35%	3.35%
June 2021 Refinancing Maturing 2031 | Brookfield Renewable
Disclosure of detailed information about borrowings [line items]
Principal value	$ 23	$ 85,000
Interest rate (%)	2.69%	2.69%	2.69%
June 2021 Refinancing Maturing 2035
Disclosure of detailed information about borrowings [line items]
Principal value	$ 162	$ 200
Interest rate (%)	1.25%	1.25%	1.25%

NON-CONTROLLING INTERESTS - Sum

NON-CONTROLLING INTERESTS - Summary of Non-controlling Interests (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Disclosure of Non Controlling Interest [Line Items]
Non-controlling interests	$ 9,885	$ 10,548
Participating non-controlling interests – in operating subsidiaries
Disclosure of Non Controlling Interest [Line Items]
Non-controlling interests	9,627	10,290
Participating non-controlling interests – in a holding subsidiary held by the partnership
Disclosure of Non Controlling Interest [Line Items]
Non-controlling interests	$ 258	$ 258

NON-CONTROLLING INTERESTS - Rol

NON-CONTROLLING INTERESTS - Rollforward of Participating Non-controlling Interests (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disclosure of subsidiaries [line items]
Beginning balance			$ 10,548
Other	$ (10)	$ (8)	(15)	$ 4
Ending balance	9,885		9,885
Participating non-controlling interests – in operating subsidiaries
Disclosure of subsidiaries [line items]
Beginning balance			10,290
Net income (loss)	46	2	(10)	31
Other comprehensive income (loss)			(413)
Capital contributions			38
Dividends declared			(290)
Other	3	$ (10)	12	$ (3)
Ending balance	9,627		9,627
Participating non-controlling interests – in operating subsidiaries | Brookfield Americas Infrastructure Fund
Disclosure of subsidiaries [line items]
Beginning balance			1,002
Net income (loss)			2
Other comprehensive income (loss)			(79)
Capital contributions			0
Dividends declared			(4)
Other			0
Ending balance	921		$ 921
Participating non-controlling interests – in operating subsidiaries | Brookfield Americas Infrastructure Fund | Minimum
Disclosure of subsidiaries [line items]
Interests held by third parties			75.00%
Participating non-controlling interests – in operating subsidiaries | Brookfield Americas Infrastructure Fund | Maximum
Disclosure of subsidiaries [line items]
Interests held by third parties			80.00%
Participating non-controlling interests – in operating subsidiaries | Brookfield Infrastructure Fund II
Disclosure of subsidiaries [line items]
Beginning balance			$ 1,902
Net income (loss)			(15)
Other comprehensive income (loss)			(1)
Capital contributions			0
Dividends declared			(5)
Other			0
Ending balance	1,881		$ 1,881
Participating non-controlling interests – in operating subsidiaries | Brookfield Infrastructure Fund II | Minimum
Disclosure of subsidiaries [line items]
Interests held by third parties			43.00%
Participating non-controlling interests – in operating subsidiaries | Brookfield Infrastructure Fund II | Maximum
Disclosure of subsidiaries [line items]
Interests held by third parties			60.00%
Participating non-controlling interests – in operating subsidiaries | Brookfield Infrastructure Fund III
Disclosure of subsidiaries [line items]
Beginning balance			$ 3,082
Net income (loss)			(27)
Other comprehensive income (loss)			(106)
Capital contributions			0
Dividends declared			(98)
Other			(5)
Ending balance	2,846		$ 2,846
Participating non-controlling interests – in operating subsidiaries | Brookfield Infrastructure Fund III | Minimum
Disclosure of subsidiaries [line items]
Interests held by third parties			23.00%
Participating non-controlling interests – in operating subsidiaries | Brookfield Infrastructure Fund III | Maximum
Disclosure of subsidiaries [line items]
Interests held by third parties			71.00%
Participating non-controlling interests – in operating subsidiaries | Brookfield Infrastructure Fund IV
Disclosure of subsidiaries [line items]
Beginning balance			$ 74
Net income (loss)			(2)
Other comprehensive income (loss)			6
Capital contributions			38
Dividends declared			(11)
Other			0
Ending balance	105		$ 105
Interests held by third parties			75.00%
Participating non-controlling interests – in operating subsidiaries | Isagen institutional investors
Disclosure of subsidiaries [line items]
Beginning balance			$ 2,650
Net income (loss)			83
Other comprehensive income (loss)			(230)
Capital contributions			0
Dividends declared			(120)
Other			0
Ending balance	2,383		$ 2,383
Interests held by third parties			53.00%
Participating non-controlling interests – in operating subsidiaries | Isagen public non-controlling interests
Disclosure of subsidiaries [line items]
Beginning balance			$ 14
Net income (loss)			0
Other comprehensive income (loss)			(1)
Capital contributions			0
Dividends declared			(1)
Other			0
Ending balance	12		$ 12
Interests held by third parties			0.30%
Participating non-controlling interests – in operating subsidiaries | The Catalyst Group
Disclosure of subsidiaries [line items]
Beginning balance			$ 97
Net income (loss)			11
Other comprehensive income (loss)			0
Capital contributions			0
Dividends declared			(4)
Other			0
Ending balance	104		$ 104
Interests held by third parties			25.00%
Participating non-controlling interests – in operating subsidiaries | TerraForm Power
Disclosure of subsidiaries [line items]
Beginning balance			$ 961
Net income (loss)			(57)
Other comprehensive income (loss)			(5)
Capital contributions			0
Dividends declared			(41)
Other			(5)
Ending balance	853		$ 853
Interests held by third parties			33.00%
Participating non-controlling interests – in operating subsidiaries | Other
Disclosure of subsidiaries [line items]
Beginning balance			$ 508
Net income (loss)			(5)
Other comprehensive income (loss)			3
Capital contributions			0
Dividends declared			(6)
Other			22
Ending balance	$ 522		$ 522
Participating non-controlling interests – in operating subsidiaries | Other | Minimum
Disclosure of subsidiaries [line items]
Interests held by third parties			21.00%
Participating non-controlling interests – in operating subsidiaries | Other | Maximum
Disclosure of subsidiaries [line items]
Interests held by third parties			30.00%

BEPC EXCHAGEABLE SHARES, BEPC_3

BEPC EXCHAGEABLE SHARES, BEPC CLASS B SHARES AND BEPC CLASS C SHARES - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	Dec. 11, 2020	Jun. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Exchangeable and Class B Shares
Disclosure of limited partners equity [Line Items]
Issuance price per share (USD per share)	$ 28.28
Share exchanges			$ (1)
BEPC Exchangeable Units
Disclosure of limited partners equity [Line Items]
Units outstanding (in shares)		$ 38.57	$ 38.57
BEPC Exchangeable Shares
Disclosure of limited partners equity [Line Items]
Share exchanges (in shares)		6,033	9,642
Dividends paid		$ 52	$ 104
Shares outstanding (in shares)		172,209,771	172,209,771	172,180,417
Class C
Disclosure of limited partners equity [Line Items]
Shares outstanding (in shares)		189,600,000	189,600,000
Number of shares issued (in shares)		189,600,000	189,600,000
Ordinary shares
Disclosure of limited partners equity [Line Items]
Maximum units for normal course issuer bid				8,600,000
Percentage of units for normal course issuer bid				5.00%

BEPC EXCHAGEABLE SHARES, BEPC_4

BEPC EXCHAGEABLE SHARES, BEPC CLASS B SHARES AND BEPC CLASS C SHARES - Schedule of shares outstanding (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021
BEPC Exchangeable Shares
Reconciliation of number of shares outstanding [abstract]
Beginning balance (in shares)		172,180,417
Share issuance (in shares)		38,996
Share exchanges (in shares)	(6,033)	(9,642)
Remeasurement of liability (in shares)		0
Ending balance (in shares)	172,209,771	172,209,771
BEPC Class B Shares
Reconciliation of number of shares outstanding [abstract]
Beginning balance (in shares)		165
Share issuance (in shares)		0
Share exchanges (in shares)		0
Remeasurement of liability (in shares)		0
Ending balance (in shares)	165	165
Exchangeable and Class B Shares
Reconciliation of number of shares outstanding [abstract]
Beginning balance		$ 7,430
Share issuance		1
Share exchanges		(1)
Remeasurement of liability		(788)
Ending balance	$ 6,642	$ 6,642

EQUITY-ACCOUNTED INVESTMENTS -

EQUITY-ACCOUNTED INVESTMENTS - Summary of Equity-Accounted Investments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disclosure Of Detailed Information About Equity-Accounted Investments [Abstract]
Opening balance			$ 372
Share of net earnings	$ (1)	$ 0	1	$ 1
Dividends received			(1)
Foreign exchange translation and other			2
Ending balance	$ 374		$ 374

CASH AND CASH EQUIVALENTS (Deta

CASH AND CASH EQUIVALENTS (Details) - USD ($) $ in Millions	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Disclosure Of Detailed Information About Cash And Cash Equivalents [Abstract]
Cash	$ 391		$ 347
Short-term deposits	5		8
Cash and cash equivalents, net	$ 396	$ 298	$ 355	$ 406	$ 406	$ 304

RESTRICTED CASH (Details)

RESTRICTED CASH (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Disclosure Of Detailed Information About Restricted Cash [Abstract]
Operations	$ 149	$ 123
Credit obligations	76	72
Development projects	63	34
Total	288	229
Less: non-current	(87)	(75)
Current	$ 201	$ 154

TRADE RECEIVABLES AND OTHER C_3

TRADE RECEIVABLES AND OTHER CURRENT ASSETS - Summary of Trade Receivables and Other Current Assets (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Disclosure Trade Receivables and Other Current Assets [Abstract]
Trade receivables	$ 485	$ 471
Prepaids and other	66	45
Inventory	22	22
Income tax receivables	8	5
Other short-term receivables and collateral assets	257	80
Trade receivables and other current assets	$ 838	$ 623

ACCOUNTS PAYABLE AND ACCRUED _3

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES - Summary of Accounts Payable and Accrued Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Disclosure Accounts Payable and Accured Liabilities [Abstract]
Operating accrued liabilities	$ 235	$ 203
Accounts payable	137	114
Interest payable on borrowings	66	65
BEPC exchangeable shares distributions payable	16	11
Current portion of lease liabilities	26	30
Other	29	27
Total accounts payable and accrued liabilities	$ 509	$ 450

COMMITMENTS, CONTINGENCIES AN_2

COMMITMENTS, CONTINGENCIES AND GUARANTEES - Narrative (Details) R in Millions, $ in Millions, $ in Millions	Dec. 22, 2020USD ($)	Dec. 31, 2020USD ($)MW	Dec. 31, 2020ZAR (R)	Dec. 31, 2020COP ($)	Dec. 31, 2017	Jun. 30, 2021USD ($)
Disclosure of contingent liabilities [line items]
Amount awarded in litigation	$ 231
Annual non-compounding interest rate	9.00%
Losses on litigation settlement, adjustment to initial ruling	$ 50
Borrowings		$ 12,822				$ 12,908
Subsidiaries [member] | Letters of Credit
Disclosure of contingent liabilities [line items]
Borrowings		687				$ 685
Brookfield Renewable | TerraForm Power
Disclosure of contingent liabilities [line items]
Ownership interest					51.00%
270 MW Solar Development Portfolio, Brazil
Disclosure of contingent liabilities [line items]
Investment in equity-accounted investments		$ 11	R 54
Wind power capacity (in MW) | MW		270
Ownership interest		25.00%	25.00%	25.00%
38 MW Solar Development Portfolio, Columbia
Disclosure of contingent liabilities [line items]
Investment in equity-accounted investments		$ 41		$ 153,000
Ownership interest		21.60%	21.60%	21.60%
Hydro power capacity (in MW) | MW		38

RELATED PARTY TRANSACTIONS - Na

RELATED PARTY TRANSACTIONS - Narrative (Details) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Dec. 31, 2020$ / MWh
Power purchase agreement Great Lakes Holding America [Member]
Disclosure of detailed information about borrowings [line items]
Power Purchase Agreement, Term					20 years
Brookfield Asset Management
Disclosure of detailed information about borrowings [line items]
Interest expense | $	$ 12	$ 0	$ 12	$ 1
Parent [member] | Power purchase agreement Great Lakes Holding America [Member]
Disclosure of detailed information about borrowings [line items]
Electricity Prices | $ / MWh					37
Annual Increment As Percent Of CPI					20.00%

RELATED PARTY TRANSACTIONS - In

RELATED PARTY TRANSACTIONS - Income Statement (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Interest costs [abstract]
Management service costs	$ (47)	$ (36)	$ (102)	$ (65)
Gains from agency arrangement	0	0	62	0
Brookfield Asset Management
Revenues
Power purchase and revenue agreements	35	99	108	225
Direct operating costs
Energy purchases	(9)	(2)	(13)	(5)
Energy marketing & other services	(5)	2	(6)	(4)
Insurance services	0	(5)	0	(10)
Total related party direct operating costs	(14)	(5)	(19)	(19)
Interest costs [abstract]
Borrowings	(12)	0	(12)	(1)
Management service costs	(47)	(36)	(102)	(65)
Insurance services	$ 0	5	$ 0	10
Brookfield Asset Management Subsidiaries
Direct operating costs
Insurance services		0		0
Interest costs [abstract]
Insurance services		$ 0		$ 0