U.S. Renewable Portfolio
20-F - Feb 27, 2026
On October 25 2023, the company, together with its institutional partners, completed the acquisition of a 100% interest in a fully integrated developer and operator of renewable power assets in the...
SE‑ClusterEnvironmental Services
Tear SheetSource: SEC EDGAR
Brookfield Renewable Corporation
BEPCActiveCIK 1791863 · Renewables, RNG & Sustainability Infrastructure
N/A
Market data as of N/A
Financials: LTM / latest available company filings
Sources: FMP, BEPC filings, SEC EDGAR
$5,338
Market cap ($MM)
$25,337
Enterprise value ($MM)
$4,032
Revenue · LTM ($MM)
$563
EBITDA · LTM ($MM)
14%
EBITDA margin
6.3x
EV / revenue
NM
EV / EBITDA
23.1x
Net debt / EBITDA
Coverage
Coverage view
The analytical read on the name and the balance-sheet capacity behind the program.
Key points
- 01BEPC 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, BEP, ORA, AMPS.
Balance sheet & capacity
Indicative capacity read: 23.1x net debt / EBITDA with EBITDA of $563MM.
$682
Cash & equiv. ($MM)
$13,715
Total debt ($MM)
$13,033
Net debt ($MM)
23.1x
Net debt / EBITDA
Valuation
Where it trades against its peer set
BEPC versus the scaled public Renewables, RNG & Sustainability Infrastructure comparables.
Indexed share-price performance
BEPC versus available Renewables, RNG & Sustainability Infrastructure peers and SPY.
-8.6%
BEPC
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 Corporation | BEPC | $4,032 | $563 | 14% | $5,338 | $25,337 | 6.3x | NM | 23.1x |
Financials via Financial Modeling Prep (SEC-derived TTM). EV/EBITDA distribution: each dot a live peer, band = interquartile range, line = median. Impossible values (EBITDA > revenue, negative-EBITDA multiples) shown NM.
M&A program
A sustained, programmatic tuck-in cadence
BEPC's disclosed acquisition footprint and the deals behind it.
Disclosed acquisitions
15
Active years
3
Named deals
8
Avg / active year
5.0
Acq. cash outflow ($MM)
N/A
Banker read
- 01BEPC reads as a programmatic acquirer: 15 disclosed acquisitions across 3 active years, or 5.0 per active year. The chart shows activity in 3 of the last 4 visible years.
- 02In the last three years, the file shows 4 acquisitions versus 1 in the prior three; recent activity is running above the prior three-year period.
- 03Spend changes the read: $2.2B of disclosed spend is concentrated in lumpy years, with FY23 the largest year at $1.2B. Recent spend is the visible baseline.
Annual acquisitions + disclosed spend
count spend named deal
BEPC count bars show acquisition cadence; the spend line shows when the program required larger capital deployment.
Program diagnostics
Recent / prior
4 / 1
Last three years is up 300% vs prior three.
Peak count year
FY23
3 disclosed acquisitions in the peak visible year.
Recent spend
$2.2B
sets the visible baseline vs prior three; peak FY23 at $1.2B.
Named evidence
8 rows
53% selected source-cited transaction coverage.
Selected transactions
| Date | Target | Segment | Consideration ($MM) | Strategic rationale | Source |
|---|---|---|---|---|---|
| Oct 25, 2023 | U.S. Renewable Portfolio | Renewables, RNG, circularity, and sustainability infrastructure | $1,083 | On October 25 2023, the company, together with its institutional partners, completed the acquisition of a 100% interest in a fully integrated developer and operator of renewable... | 20-F† |
| Sep 26, 2019 | 2019 TERP DG Portfolio | Renewables, RNG, circularity, and sustainability infrastructure | $735 | On September 26, 2019, the company acquired a 100% interest in a 320 MW distributed generation portfolio of renewable energy facilities in the United States, for total considera... | 20-F† |
| Mar 3, 2023 | Brazilian Wind Portfolio | Renewables, RNG, circularity, and sustainability infrastructure | $95 | On March 3, 2023, the company, together with its institutional partners, completed the acquisition of 100% interest in a 136 MW portfolio of wind assets in Brazil. The total pur... | 20-F† |
| Mar 3, 2023 | Brazil Wind Portfolio | Renewables, RNG, circularity, and sustainability infrastructure | $95 | On March 3, 2023, the company, together with its institutional partners, completed the acquisition of 100% interest in a 136 MW portfolio of wind assets in Brazil. The total pur... | 20-F† |
| Mar 3, 2023 | Brazil Wind Portfolio (March 3, 2023) | Renewables, RNG, circularity, and sustainability infrastructure | $95 | On March 3, 2023, the company, together with its institutional partners, completed the acquisition of 100% interest in a 136 MW portfolio of wind assets in Brazil. The total pur... | 20-F† |
| Nov 6, 2023 | Brazil Wind Portfolio (November 6, 2023) | Renewables, RNG, circularity, and sustainability infrastructure | $23 | On November 6, 2023, the company, together with its institutional partners, completed the acquisition of a 100% interest in a 60 MW portfolio of operating wind assets in Brazil... | 20-F† |
| Oct 1, 2022 | Westinghouse | Renewables, RNG, circularity, and sustainability infrastructure | $4,500 | For example, in October 2022, our group, together with institutional partners, agreed to form a strategic partnership with Cameco to acquire 100% of Westinghouse for an aggregat... | 20-F† |
| Dec 31, 2025 | Isagen | Renewables, RNG, circularity, and sustainability infrastructure | $1,000 | During the fourth quarter of 2025, Brookfield Renewable completed the acquisition of an incremental 15% ownership in Isagen for $1 billion, of which the company’s share was $900... | 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 14 SEC-backed facts across 5 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
5
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.5 rows+-
| Filing date | Form | Targets / topics | Support | Source |
|---|---|---|---|---|
| Feb 27, 2026 | 20-F | U.S. Renewable Portfolio; Brazilian Wind Portfolio; Isagen | Named deals | SEC filing |
| Feb 28, 2025 | 20-F | Brazil Wind Portfolio | Named deals | SEC filing |
| Mar 1, 2024 | 20-F | Brazil Wind Portfolio (March 3, 2023); Brazil Wind Portfolio (November 6, 2023) | Named deals | SEC filing |
| Mar 1, 2023 | 20-F | Westinghouse | Named deals | SEC filing |
| Mar 1, 2022 | 20-F | 2019 TERP DG Portfolio | 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
2019 TERP DG Portfolio
20-F - Mar 1, 2022
On September 26, 2019, the company acquired a 100% interest in a 320 MW distributed generation portfolio of renewable energy facilities in the United States, for total consideration of $735 million...
Brazilian Wind Portfolio
20-F - Feb 27, 2026
On March 3, 2023, the company, together with its institutional partners, completed the acquisition of 100% interest in a 136 MW portfolio of wind assets in Brazil. The total purchase price of this ...
Brazil Wind Portfolio
20-F - Feb 28, 2025
On March 3, 2023, the company, together with its institutional partners, completed the acquisition of 100% interest in a 136 MW portfolio of wind assets in Brazil. The total purchase price of this ...
Brazil Wind Portfolio (March 3, 2023)
20-F - Mar 1, 2024
On March 3, 2023, the company, together with its institutional partners, completed the acquisition of 100% interest in a 136 MW portfolio of wind assets in Brazil. The total purchase price of this ...
Brazil Wind Portfolio (November 6, 2023)
20-F - Mar 1, 2024
On November 6, 2023, the company, together with its institutional partners, completed the acquisition of a 100% interest in a 60 MW portfolio of operating wind assets in Brazil for total considerat...
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.