Edition:
India

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


Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - Brookfield Renewable Partners LP ::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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