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BRIEF-Brookfield Renewable Reports Q3 Results And $850 Mln Of Capital Raising Initiatives

Published 2018-10-31, 07:01 a/m
© Reuters.  BRIEF-Brookfield Renewable Reports Q3 Results And $850 Mln Of Capital Raising Initiatives
BEP
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Oct 31 (Reuters) - Brookfield Renewable Partners LP BEP_u.TO :

* BROOKFIELD RENEWABLE REPORTS STRONG THIRD QUARTER RESULTS AND $850 MILLION OF CAPITAL RAISING INITIATIVES

* Q3 FFO PER SHARE $0.33

* EXPECT TO COMPLETE APPROXIMATELY $1 BILLION OF ASSET SALES AND UPFINANCINGS BY END OF YEAR

* SOLD A 25% INTEREST IN A 413 MEGAWATT CANADIAN HYDROELECTRIC PORTFOLIO TO A CONSORTIUM OF BUYERS

* QTRLY NORMALIZED FFO PER UNIT $0.44

* CONTINUE TO PROGRESS SALE OF A 178 MEGAWATT WIND AND SOLAR PORTFOLIO IN SOUTH AFRICA

* BROOKFIELD RENEWABLE - INTEND TO SELL ANOTHER 25% IN 413 MEGAWATT CANADIAN HYDROELECTRIC PORTFOLIO AT SAME PRICE TO ANOTHER GROUP OF INVESTORS BEFORE YEAR-END

* CONTINUE TO PROGRESS SALE OF A 178 MEGAWATT WIND AND SOLAR PORTFOLIO IN SOUTH AFRICA.

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