With installed capacity of over 17,000 MW across multiple complementary technologies, we understand renewable energy.
The scale of our global renewable platform is underpinned by the depth and breadth of our development operations and commercial services and our commitment to promoting a leading health and safety culture.
Whether it's developing greenfield projects, the day-to-day management of operational assets, the construction of new wind developments or the repowering of an existing hydro facility, Brookfield offers an unrivalled set of full lifecycle capabilities.
Renewable Power Capabilities
We have an established track record of developing renewable projects from greenfield through to operational assets.
From initial site-screening and construction surveys, to environmental assessments, planning consent and grid connection, we have the people and skills which enable us to add value at every stage of the development process.
Coupled with our specialist expertise is a global development pipeline of approximately 8,000 MW, which means we can develop and build renewable projects that meet your needs, wherever those needs may be.
We strive to continuously improve the productivity of our operational assets by placing efficiency and value creation at the center of our approach.
Our in-house operations teams use advanced digital management systems to proactively manage maintenance and minimize downtime, supported by site managers on-the-ground responding quickly to issues as they occur, ensuring the smooth running of our assets.
Our power marketing and trading teams help you optimize value from the electricity we supply. We provide competitively-priced, flexible-term PPA power solutions tailored to the needs of our customers with the ability to provide various terms, shapes and volumes. Our in-house risk management and trading teams also actively participate in energy markets to mitigate the impact of price fluctuations.
We also understand that as we move towards a low-carbon economy companies increasingly want to verify to customers and stakeholders that the power they are contracting is truly renewable. We can help monitor, verify and report our customers’ commitment to renewable energy.
The repowering of assets can range from a single turbine on one of our wind farms, to a full repowering, the complete replacement of infrastructure at an existing site.
As facilities age, the existing renewable technology is overtaken by new and more advanced models that are lower cost and more effective.
We are deeply committed to the local communities in which we operate. We strive to earn trust and maintain long-lasting relationships through active engagement with all stakeholders.
We do so by:
- Consulting and working proactively with local stakeholders and communities
- Understanding and respecting the values and expectations of people affected by our developments and considering them across our activities and decisions
- Directly contributing to community projects, non-profit organizations, local tourism, recreational and educational programs
- High standards with respect to health and safety; our goal is to have zero serious safety incidents by following a set of health and safety principles applied across our global renewable businesses
- Upholding fair and effective business practices
Our Colombian Sogamoso hydro facility has been recognized by the International Hydropower Association and the World Bank for its best practices in managing infrastructure and public safety.
As part of our procurement process each of our key contractors is required to adhere to our Code of Conduct and Business Ethics and our Anti-Bribery and Corruption Policy.
We operate a successful portfolio that spans the world’s key renewable sectors.
Wind is a freely available, inexhaustible and emission-free source of energy and is one of the fastest-growing renewable generation technologies. The benefits of wind power ensure it will continue to play an increasing role as the world transitions to a low-carbon economy.
We developed and commissioned our first wind project in 2006, and today own and operate over 100 high quality wind facilities with an installed capacity of more than 4,000 MW in North America, South America, Europe, and Asia.
Hydropower is the largest source of renewable energy generation worldwide and as an established technology, harnessing the natural water cycle of rivers, hydro provides a valuable source of long-term, efficient and highly reliable clean renewable energy.
We own and operate approximately 8,000 MW of hydro across more than 200 generation facilities on over 80 river systems across North and South America accounting for approximately 80% of our power generation capacity.
Storage systems play an important role in providing flexibility in power markets, particularly with pumped hydro storage which acts as a giant ‘rechargeable battery’ and can range from fast millisecond response services required to stabilize grid systems to reserve products that provide hours of delivery in the event of a power failure.
We have storage assets of approximately 3,000 MW through both our pumped hydro and battery facilities.
Utility scale solar farms harness energy from the sun to generate electricity. These forms of technology continue to improve – with increased efficiency and lower unit cost, ensuring their place as mainstream electricity sources.
In 2017 Brookfield added a premier solar technology platform to its global renewable portfolio through its acquisition of TerraForm Power (TERP) and TerraForm Global. We now operate 1,100 MW of utility-scale solar across 50 facilities in North America, South America, Europe, and Asia.
Distributed generation employs smaller scale technologies than a more centralized system to produce power where it is needed. Such onsite, local generation has multiple benefits, including avoided generation capacity costs, avoided transmission costs, allows consumers greater control over their power supply and potentially reduces their reliance on back-up power.
Following on from our acquisition of TerraForm Power, we are one of the largest owners of distributed solar generation in the U.S. and plan to expand this capability to other key markets around the world.