Brookfield Renewable Corporation announced the issuance of a C$500 million green bond, Series 20, with a maturity of January 15 2056 and an interest rate of 5.204% per annum. The bonds are fully guaranteed by Brookfield Renewable and its key holding subsidiaries.
The proceeds will be allocated to eligible green investments as defined in the company’s 2024 Green Financing Framework and to repay related debt. This use of proceeds aligns with Brookfield Renewable’s strategy to finance clean‑energy projects while preserving its investment‑grade credit profile.
The bond carries a BBB+ rating from both S&P Global Ratings and Fitch Ratings, and a BBB (high) rating with a stable outlook from DBRS Limited, underscoring the company’s strong credit standing and the low cost of capital for long‑term financing.
This issuance represents Brookfield Renewable’s 18th green‑labeled corporate security in North America, highlighting its active participation in the sustainable finance market and its commitment to expanding its renewable portfolio.
The 30‑year maturity provides a stable, low‑cost source of capital that can be deployed across hydro, wind, solar, and storage assets, supporting the company’s growth trajectory and net‑zero transition objectives.
Investors and analysts noted the company’s robust credit profile and the alignment of the bond with its green financing framework, viewing the issuance as a positive step toward sustainable growth.
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