Isagen Acquisition
20-F - Mar 1, 2017
On January 22, 2016, Brookfield Renewable and its institutional partners (the “consortium”) acquired a 57.6% interest in Isagen from the Colombian government (the “Initial Investment”). Isagen is a...
SE‑ClusterEnvironmental Services
Tear SheetSource: SEC EDGAR
Brookfield Renewable Partners L.p.
BEPActiveCIK 1533232 · Renewables, RNG & Sustainability Infrastructure
N/A
Market data as of N/A
Financials: LTM / latest available company filings
Sources: FMP, BEP filings, SEC EDGAR
$10,413
Market cap ($MM)
$44,706
Enterprise value ($MM)
$6,369
Revenue · LTM ($MM)
$4,686
EBITDA · LTM ($MM)
74%
EBITDA margin
7.0x
EV / revenue
9.5x
EV / EBITDA
4.9x
Net debt / EBITDA
Coverage
Coverage view
The analytical read on the name and the balance-sheet capacity behind the program.
Key points
- 01BEP is a scaled public consolidator in Renewables & RNG, a benchmark for how the sub-sector buys, pays, and trades.
- 02The relevant peer set is AMRC, NEE, CWEN, BEPC, ORA, AMPS.
Balance sheet & capacity
Indicative capacity read: 4.9x net debt / EBITDA with EBITDA of $4.7B.
$2,093
Cash & equiv. ($MM)
$24,850
Total debt ($MM)
$22,757
Net debt ($MM)
4.9x
Net debt / EBITDA
Valuation
Where it trades against its peer set
BEP versus the scaled public Renewables, RNG & Sustainability Infrastructure comparables.
Indexed share-price performance
BEP versus available Renewables, RNG & Sustainability Infrastructure peers and SPY.
-7.1%
BEP
N/A
Peer med.
+79%
SPY
Indexed to 100 from May 28, 2021 through May 26, 2026. Source: FMP month-end close history.
| Company | Ticker | Revenue ($MM) | EBITDA ($MM) | Margin | Market cap ($MM) | EV ($MM) | EV / rev | EV / EBITDA | Net debt / EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| Brookfield Renewable Partners L.p. | BEP | $6,369 | $4,686 | 74% | $10,413 | $44,706 | 7.0x | 9.5x | 4.9x |
Financials via Financial Modeling Prep (SEC-derived TTM). EV/EBITDA distribution: each dot a live peer, band = interquartile range, line = median. Impossible values (EBITDA > revenue, negative-EBITDA multiples) shown NM.
M&A program
A sustained, programmatic tuck-in cadence
BEP's disclosed acquisition footprint and the deals behind it.
Disclosed acquisitions
92
Active years
12
Named deals
10
Avg / active year
7.7
Acq. cash outflow ($MM)
N/A
Banker read
- 01BEP reads as a programmatic acquirer: 92 disclosed acquisitions across 12 active years, or 7.7 per active year. The chart shows activity in 12 of the last 12 visible years.
- 02In the last three years, the file shows 15 acquisitions versus 8 in the prior three; recent activity is running above the prior three-year period.
- 03Spend changes the read: $4.5B of disclosed spend is concentrated in lumpy years, with FY25 the largest year at $1.5B. Recent spend is above the prior three-year period.
Annual acquisitions + disclosed spend
count spend named deal
BEP count bars show acquisition cadence; the spend line shows when the program required larger capital deployment.
Program diagnostics
Recent / prior
15 / 8
Last three years is up 88% vs prior three.
Peak count year
FY23
7 disclosed acquisitions in the peak visible year.
Recent spend
$1.5B
is up 1176% vs prior three; peak FY25 at $1.5B.
Named evidence
10 rows
11% selected source-cited transaction coverage.
Selected transactions
| Date | Target | Segment | Consideration ($MM) | Strategic rationale | Source |
|---|---|---|---|---|---|
| Sep 14, 2016 | Isagen | Renewables, RNG, circularity, and sustainability infrastructure | $3,519 | On January 22, 2016, Brookfield Renewable and its institutional partners (the “consortium”) acquired a 57.6% interest in Isagen from the Colombian government (the “Initial Inves... | 20-F† |
| Dec 16, 2022 | U.S. Wind Portfolio | Renewables, RNG, circularity, and sustainability infrastructure | $1,092 | On December 16, 2022, Brookfield Renewable, together with institutional partners, completed the acquisition of 100% interest in a renewable developer with a portfolio of over 80... | 20-F† |
| Oct 25, 2023 | U.S. Renewables Portfolio | Renewables, RNG, circularity, and sustainability infrastructure | $1,083 | On October 25, 2023, Brookfield Renewable, together with its institutional partners, completed the acquisition of a 100% interest in a fully integrated developer and operator of... | 20-F† |
| Oct 25, 2023 | U.S. Renewable Portfolio | Renewables, RNG, circularity, and sustainability infrastructure | $1,083 | On October 25, 2023, Brookfield Renewable, together with its institutional partners, completed the acquisition of a 100% interest in a fully integrated developer and operator of... | 20-F† |
| Aug 1, 2014 | Pennsylvania Hydroelectric Generation Facility | Renewables, RNG, circularity, and sustainability infrastructure | $909 | In March 2014, Brookfield Renewable acquired a 33% economic and 50% voting interest in a 417 MW hydroelectric facility in Pennsylvania (“Pennsylvania Hydro”) which is expected t... | 20-F† |
| Apr 1, 2016 | North American Portfolio | Renewables, RNG, circularity, and sustainability infrastructure | $859 | In April 2016, Brookfield Renewable acquired a 296 MW portfolio of hydroelectric facilities in Pennsylvania that are expected to generate 1,109 GWh annually (“Pennsylvania Hydro... | 20-F† |
| Apr 1, 2016 | Pennsylvania Hydro Acquisition | Renewables, RNG, circularity, and sustainability infrastructure | $859 | In April 2016, Brookfield Renewable acquired a 296 MW portfolio of hydroelectric facilities in Pennsylvania that are expected to generate 1,109 GWh annually (“Pennsylvania Hydro... | 20-F† |
| Mar 24, 2021 | Oregon Wind Portfolio | Renewables, RNG, circularity, and sustainability infrastructure | $744 | On March 24, 2021, Brookfield Renewable, together with institutional partners, completed the acquisition of 100% of a portfolio of three wind generation facilities of approximat... | 20-F† |
Acquisitions disclosed/extracted from SEC filings; not necessarily full M&A history. Disclosed acquisition cash outflow is cumulative "payments for acquisitions, net of cash acquired" from the 10-K cash-flow statements (a cash outflow, not deal value). Built on 16 SEC-backed facts across 8 cited filings.
Evidence
Source archive
A collapsed investigation trail for the SEC filings behind the financials, annual M&A cadence, named transactions, and management language.
Annual 10-Ks
0
Named deal filings
8
Recent SEC filings
0
Evidence clips
6
Annual 10-K M&A evidenceAccepted annual filings used for disclosed acquisition count and spend.0 rows+-
No filing source clears this category.
Named transaction source filingsFilings behind selected named-deal rows and transaction excerpts.8 rows+-
| Filing date | Form | Targets / topics | Support | Source |
|---|---|---|---|---|
| Feb 27, 2026 | 20-F | U.S. Renewables Portfolio | Named deals | SEC filing |
| Feb 28, 2025 | 20-F | U.S. Renewable Portfolio | Named deals | SEC filing |
| Mar 1, 2023 | 20-F | U.S. Wind Portfolio | Named deals | SEC filing |
| Mar 1, 2022 | 20-F | Oregon Wind Portfolio; 2019 TERP DG Portfolio | Named deals | SEC filing |
| Feb 26, 2021 | 20-F | United States Distributed Generation Portfolio | Named deals | SEC filing |
| Mar 1, 2018 | 20-F | North American Portfolio | Named deals | SEC filing |
| Mar 1, 2017 | 20-F | Isagen; Pennsylvania Hydro Acquisition | Named deals | SEC filing |
| Mar 2, 2015 | 20-F | Pennsylvania Hydroelectric Generation Facility | Named deals | SEC filing |
Recent SEC filingsThe latest profile filings, kept separate so someone can investigate beyond M&A.0 rows+-
No filing source clears this category.
Evidence clipsShort excerpts used on the page; expand only when you want the language.6 rows+-
Medium
U.S. Wind Portfolio
20-F - Mar 1, 2023
On December 16, 2022, Brookfield Renewable, together with institutional partners, completed the acquisition of 100% interest in a renewable developer with a portfolio of over 800 MW of operating wi...
U.S. Renewables Portfolio
20-F - Feb 27, 2026
On October 25, 2023, Brookfield Renewable, together with its institutional partners, completed the acquisition of a 100% interest in a fully integrated developer and operator of renewable power ass...
U.S. Renewable Portfolio
20-F - Feb 28, 2025
On October 25, 2023, Brookfield Renewable, together with its institutional partners, completed the acquisition of a 100% interest in a fully integrated developer and operator of renewable power ass...
Pennsylvania Hydroelectric Generation Facility
20-F - Mar 2, 2015
In March 2014, Brookfield Renewable acquired a 33% economic and 50% voting interest in a 417 MW hydroelectric facility in Pennsylvania (“Pennsylvania Hydro”) which is expected to generate 1,129 GWh...
North American Portfolio
20-F - Mar 1, 2018
In April 2016, Brookfield Renewable acquired a 296 MW portfolio of hydroelectric facilities in Pennsylvania that are expected to generate 1,109 GWh annually (“Pennsylvania Hydro”). The acquisition ...
Annual M&A counts and disclosed spend are extracted from SEC acquisition disclosures and cash-flow statements; named-deal rows carry direct filing links where the filing identifies the target or consideration.