Brookfield Renewable agreed to issue C$750 million in medium-term green notes across two series, maturing in 2031 and 2036. The financing carries investment-grade ratings from three major agencies and is scheduled to close on or about August 24, 2026.
Series Breakdown and Financial Terms
The C$750 million aggregate principal amount is divided into two distinct offerings. The larger portion consists of C$400 million in Series 21 Notes due August 13, 2036, carrying a fixed annual interest rate of 4.949%. The remaining C$350 million is allocated to Series 22 Notes due August 13, 2031, bearing a 4.256% interest rate.
Brookfield Renewable Partners ULC acts as the issuer for the transaction. The debt is fully and unconditionally guaranteed by Brookfield Renewable along with key holding subsidiaries.
Credit Ratings and Market Syndicate
The notes received investment-grade marks from three rating agencies: BBB+ from S&P Global Ratings, BBB (high) with a stable trend from DBRS Limited, and BBB+ from Fitch Ratings.
To place the offering, the issuer assembled a large syndicate of agents. RBC Capital Markets, BMO Capital Markets, Scotiabank, CIBC Capital Markets, National Bank Capital Markets, and TD Securities led the marketing effort, with additional participation from Desjardins, Brookfield Securities Canada, BNP Paribas, Mizuho Securities, MUFG, SMBC Nikko, and iA Private Wealth Inc.
Regulatory Framework and Use of Proceeds
The transaction moves forward pursuant to a base shelf prospectus dated September 26, 2025, supplemented by a related prospectus supplement and pricing documents dated August 20, 2026.
Net proceeds from the green bond sale are earmarked to fund Eligible Investments under the organization’s 2024 Green Financing Framework. This includes repaying outstanding indebtedness previously incurred for those projects. These issuances mark the nineteenth and twentieth green-labelled corporate securities launched by the platform in North America.
Corporate Structure and Portfolio Context
The entity operates under the flagship listed energy umbrella of Brookfield Asset Management, a global alternative asset manager headquartered in New York with over $1 trillion of assets under management. Investors access the power and sustainable solutions portfolio through either Brookfield Renewable Partners L.P. on the NYSE and TSX, or Brookfield Corporation.
Subject to customary closing conditions, the offering is expected to close on or about August 24, 2026, locking in fixed annual coupon obligations that expand the company’s medium-term debt structure.
