HAMILTON, Bermuda - Brookfield Renewable Energy Partners L.P. (TSX:BEP.UN) has reported an increase in both revenue and funds from operations for the year ended Dec. 31 compared with 2010.
Brookfield Renewable was launched on Nov. 28, 2011, from the combination of Brookfield Renewable Power Fund and the renewable power assets of Brookfield Renewable Power Inc. and its results were reported on a pro forma basis as if the combination had occurred as of Jan. 1, 2010.
The company said funds from operations were US$419 million or $1.60 per unit for 2011, up from US$350 million or $1.33 per unit in 2010.
Revenue was US$1.3 billion, up from $1.18 billion.
Brookfield Renewable has a portfolio of some 5,000 megawatts of installed capacity, mostly hydro power, in Canada, the United States and Brazil.