Brookfield Renewable

Well, maybe to a degree within the Brookfield entities.

So, for example, maybe the Brookfield Renewable Power and the Brookfield Infrastructure may be a little bit interest sensitive because they're doing so much borrowing within those entities to advance those very long lead projects.

And those lead projects, they basically sign very long-term dated PPAs, power purchase agreements.

And they do, of course, have inflation escalation clauses.

It's nice to be back on Market Call.

Brookfield Renewable is an excellent business.

My colleague Samuel just actually went to Brookfield's Affiliates Investor Day earlier this week, so we've got fresh data on Brookfield Renewable.

This is an excellent business.

It is an independent power producer focused on renewables, so hydroelectric, wind, solar.

The footprint is huge.

So North America, South America, Europe, Asia, And they've also got a nuclear business as well.

What we like about Brookfield Renewable in particular is that they've gone out of their way to partner with hyperscalers like Microsoft and Google.

Let's get an email from John going here.

I'd love your thoughts on Brookfield Renewables.

It's had a pretty big dip over the past month.

Do you think it's a good time to jump in or should I stay with something else like Brookfield Asset Management or be in something in that range? What do you think about the renewable side of Brookfield?

Right.

So we own Brookfield Renewables and we also own Brookfield Corp, which is BN, right? So Brookfield Renewable, I think it's a kind of a very interesting time for renewable energy, right? I think people are...

In

what way?

Thanks, Mirella.

Ernest, I just was wondering, with the growing demand for energy to power the data centers, I've chosen Brookfield Renewable Partners as my play.

And with the recent pullback, I'm thinking of adding to it.

Wondering if you support that or if you like a company better in the space.

Would you put some money into renewables today based on the AI build-out idea?

I think certainly, because if you look at what a lot of these data center builders are talking about in terms of using things like small modular nuclear reactors to power their data centers, I think renewables... tax incentives from the U.S. government aside are increasingly becoming an attractive option.

Now, I think with respect to Brookfield Renewable Partners, I think you have to look at this company in context within the entire Brookfield empire, where this is just one strategy that they've had.

that they manage and earn fees from.

These are the four energy companies I now own.

Iberdrola, Clearway Energy, Brookfield Renewable, and then as of a few days ago, Constellation Energy, ticker CEG.

Like I am not an expert in any of these companies.

So I'm using AI to help me understand the sector.

Let's get to some new topics from Ryan.

We're gonna start with Brookfield Renewable, BEP- dash U on the TSX.

We talked about, uh, infrastructure side of the company.

What do you see for renewables that you like?