Brookfield Renewable Partners (BEP)

CORPORATE PROFILE

SEPTEMBER 2020

2

Cautionary Statement Regarding Forward-Looking Statements

This presentation contains forward-looking statements and information, within the meaning of Canadian securities laws and “forward-looking statements” within the meaning of Section 27A of the U.S. Securities

Act of 1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and in any

applicable Canadian securities regulations, concerning the business and operations of Brookfield Renewable. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts,

projections, guidance or other statements that are not statements of fact. Forward-looking statements in this presentation include statements regarding the quality of Brookfield Renewable’s assets and the

resiliency of the cash flow they will generate, Brookfield Renewable’s anticipated financial performance and payout ratios of FFO (as defined below), expected liquidity, the outlook in our core markets, including

North America, Europe, Latin America, China and India expected impact of inflation on revenue and FFO, target annual equity deployment, returns and costs reductions, future commissioning of assets, the

contracted nature of our portfolio, technology diversification, acquisition and investment opportunities, financing and refinancing opportunities, proceeds from opportunistically recycling capital, future energy

prices and demand for electricity, achieving long-term average generation, project development and capital expenditure costs, energy policies, economic growth, growth potential of the renewable asset class,

the future growth prospects and distribution profile of Brookfield Renewable and Brookfield Renewable’s access to capital and liquidity. In some cases, forward-looking statements can be identified by the use of

words such as “plans”, “expects”, “scheduled”, “estimates”, “intends”, “anticipates”, “believes”, “potentially”, “tends”, “continue”, “attempts”, “likely”, “primarily”, “approximately”, “endeavours”, “pursues”, “strives”,

“seeks”, “targets”, “believes”, “deliver”, “growth”, “advance” or variations of such words and phrases, or statements that certain actions, events or results “may”, “could”, “would”, “should”, “might” or “will” be

taken, occur or be achieved. Although we believe that our anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information in this presentation

are based upon reasonable assumptions and expectations, we cannot assure you that such expectations will prove to have been correct. You should not place undue reliance on forward-looking statements

and information as such statements and information involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to differ materially from

anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information.

Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include, but are not limited to: changes to hydrology at our hydroelectric facilities, to

wind conditions at our wind energy facilities, to irradiance at our solar facilities or to weather generally, as a result of climate change or otherwise, at any of our facilities; volatility in supply and demand in the

energy markets; our inability to re-negotiate or replace expiring power purchase agreements on similar terms; increases in water rental costs (or similar fees) or changes to the regulation of water supply;

advances in technology that impair or eliminate the competitive advantage of our projects; an increase in the amount of uncontracted generation in our portfolio; industry risks relating to the power markets in

which we operate; the termination of, or a change to, the MRE balancing pool in Brazil; increased regulation of our operations; concessions and licenses expiring and not being renewed or replaced on similar

terms; our real property rights for wind and solar renewable energy facilities being adversely affected by the rights of lienholders and leaseholders that are superior to those granted to us; increases in the cost

of operating our plants; our failure to comply with conditions in, or our inability to maintain, governmental permits; equipment failures, including relating to wind turbines and solar panels; dam failures and the

costs and potential liabilities associated with such failures; force majeure events; uninsurable losses and higher insurance premiums; adverse changes in currency exchange rates and our inability to effectively

manage foreign currency exposure; availability and access to interconnection facilities and transmission systems; health, safety, security and environmental risks; disputes, governmental and regulatory

investigations and litigation; counterparties to our contracts not fulfilling their obligations; the time and expense of enforcing contracts against non-performing counter-parties and the uncertainty of success; our

operations being affected by local communities; fraud, bribery, corruption, other illegal acts or inadequate or failed internal processes or systems; our reliance on computerized business systems, which could

expose us to cyber-attacks; newly developed technologies in which we invest not performing as anticipated; labor disruptions and economically unfavorable collective bargaining agreements; our inability to

finance our operations due to the status of the capital markets; operating and financial restrictions imposed on us by our loan, debt and security agreements; changes to our credit ratings; our inability to identify

sufficient investment opportunities and complete transactions; the growth of our portfolio and our inability to realize the expected benefits of our transactions or acquisitions; our inability to develop greenfield

projects or find new sites suitable for the development of greenfield projects; delays, cost overruns and other problems associated with the construction and operation of generating facilities and risks associated

with the arrangements we enter into with communities and joint venture partners; Brookfield Asset Management’s election not to source acquisition opportunities for us and our lack of access to all renewable

power acquisitions that Brookfield Asset Management identifies; we do not have control over all our operations or investments; political instability or changes in government policy, or unfamiliar cultural factors;

foreign laws or regulation to which we become subject as a result of future acquisitions in new markets; changes to government policies that provide incentives for renewable energy; a decline in the value of

our investments in securities, including publicly traded securities of other companies; we are not subject to the same disclosure requirements as a U.S. domestic issuer; the separation of economic interest from

control within our organizational structure; future sales and issuances of our limited partnership units, preferred limited partnership units or securities exchangeable for our limited partnership units, or the

perception of such sales or issuances, could depress the trading price of our limited partnership units or preferred limited partnership units; the incurrence of debt at multiple levels within our organizational

structure; being deemed an “investment company” under the U.S. Investment Company Act of 1940; the risk that the effectiveness of our internal controls over financial reporting; our dependence on Brookfield

Asset Management and Brookfield Asset Management’s significant influence over us; the departure of some or all of Brookfield Asset Management’s key professionals; changes in how Brookfield Asset

Management elects to hold its ownership interests in Brookfield Renewable; Brookfield Asset Management acting in a way that is not in the best interests of Brookfield Renewable or our unitholders; and other

factors described in this prospectus, including those set forth under “Risk Factors” in our annual report on Form 20-F.

We caution that the foregoing list of important factors that may affect future results is not exhaustive. The forward-looking statements represent our views as of the date of this presentation and should not be

relied upon as representing our views as of any subsequent date. While we anticipate that subsequent events and developments may cause our views to change, we disclaim any obligation to update the

forward-looking statements, other than as required by applicable law. For further information on these known and unknown risks, please see “Risk Factors” included in our annual report on Form 20-F.

Table of Contents

Who We Are Page 4

Portfolio Overview Page 17

Growth Page 22

Financial Profile Page 26

Appendix Page 30

3

4

Who We Are

5

Global Leader in Decarbonization

We have integrated operating platforms on four continents with operating,

development and power marketing expertise

NORTH AMERICA9,400 megawatts

$29 Billion in total power assets

SOUTH AMERICA4,800 megawatts

$11 Billion in total power assets

ASIA1,000 megawatts

$1 Billion in total power assets

EUROPE4,100 megawatts

$11 Billion in total power assets

5,301 power generating facilities

$52 billionTOTAL POWER ASSETS

27 markets in 17 countries

19,300MEGAWATTS OF CAPACITY

120 years of experience

3,000+OPERATING EMPLOYEES

6

Complementary Portfolio of High-Quality Assets

Uniquely complementary asset base spread across five technologies

Wind4,700 MW

Solar2,600 MW

DG800 MW

Storage2,700 MW

Hydro7,900 MW

Our portfolio has

significant storage

capacity and ability

to produce power at

all hours of the day

Our wind assets are

focused on areas

with scarcity value,

and built with Tier 1

turbine equipment

Diversified portfolio

across PV and CSP

technologies with

diverse and scalable

applications

We own one of the

largest C&I DG

portfolios in the U.S.,

giving us direct

access to our

customers

Our pumped storage

and battery assets

are able to produce

electricity during

peak hours, and

recharge when

prices are low

Brookfield Renewable also owns a ~580 megawatt portfolio of biomass and co-generation facilities

7

Long Track-Record of Delivering Attractive, Risk-Adjusted Returns

NYSE: BEP, BEPC

TSX: BEP.UN, BEPC

MARKET SYMBOL

~$19B1

MARKET

CAPITALIZATION

~57% Equity Interest; GP & Manager

BROOKFIELD

PARTICIPATION

UNIT PERFORMANCE

Annualized Total Return

(As at August 11, 2020) 1-Year 5-Year

Since

Inception

BEP (NYSE) 62% 21% 18%

BEP (TSX) 64% 22% 18%

S&P 500 Index 16% 12% 6%

S&P Utilities Index 2% 10% 8%

S&P/TSX Composite Index 4% 6% 6%

S&P/TSX Capped Utilities Index 13% 11% 10%

Includes dividend reinvestment

1) Combined market capitalization of BEP and BEPC. Based on the closing price on August 11, 2020.

2) Based on the closing price on August 11, 2020.

3) Distribution has been adjusted for the special distribution of BEPC shares effective July 30, 2020.

CAPITALIZATION

Credit Rating: S&P BBB+

Average debt term

to maturity:10 years

DISTRIBUTION PROFILE

Current Distribution3 $1.74 per unit

Implied Yield2 ~4.0%

Target Annual Growth 5 – 9%

8

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

BEP S&P 500 S&P Utilities

We have a Consistent Track Record of Strong Performance

18%BEP TOTAL

RETURN

BBB BBB+

$0.57PER UNIT

DISTRIBUTION

$1.00PER UNIT

DISTRIBUTION

$1.74PER UNIT

DISTRIBUTION

Total Returns

S&P Utilities Index: 8%

S&P 500 Index: 6%

Source: Bloomberg

1) Total return assuming reinvestment of dividends between November 1999 and August 2020.

2) Distribution amounts have been adjusted for the special distribution of BEPC shares effective July 30, 2020.

9

Simple Strategy with Proven Track Record of Success Through Cycles

Acquire and develop high-quality

assets and businesses that help decarbonize

global electricity grids below intrinsic value

Optimize cash flows by applying our

operating expertise to enhance value

Finance our businesses on an

investment grade basis

Recycle capital from mature,

de-risked assets

10

Investment Highlights

Diverse and High-Quality

Cash Flows

19,300 megawatts of renewable capacity

across multiple technologies and

continents, supported by a strong

contract profile and best-in-class assets

Multiple Levers to

Grow Cash Flows

Proven and repeatable growth strategy

combining a value investment approach

with operating expertise and capital

discipline that has delivered 18% to

unitholders since inception

Strong Financial

Position

Robust balance sheet and access to

diverse sources of capital ensures

significant downside protection

Attractive

Sector

Strong ESG practices support global

decarbonization and create long-term

value for stakeholders

11

Ability to Invest Through a Canadian Corporation

Brookfield Renewable Corporation (NYSE, TSX: BEPC), a subsidiary of BEP L.P.,

was created to offer an economically equivalent security to BEP L.P., but in the

form of a more traditional corporate structure

BEPC BEP

Dividends/Distributions• Distributions are identical in amount and

timing

Exchangeable N/A• BEPC shares are exchangeable 1:1 for BEP

units at anytime

Structure and Index

Eligibility

Canadian

Corporation

Bermuda Limited

Partnership

• As a corporation, BEPC is eligible for many

equity indexes that exclude Limited

Partnerships

Tax Reporting U.S.: 1099 Form

Canada: T5

Form

U.S.: K-1 Slip

Canada: T5013

Slip

• For U.S. shareholders, subject to the holding

period, dividends paid by BEPC will be

“qualified dividends”

• For Canadian shareholders, dividends paid by

BEPC will be “eligible dividends”

12

The Global Opportunity For Renewable Investment is Growing

Source: Bloomberg New Energy Finance

$2T

$5T

$10T

INVESTMENT IN

THE LAST

5 YEARS

RANGE OF INVESTMENT OVER THE

NEXT DECADE

Driven by competitive cost structures and carbon reduction targets

Renewables are Now the Most Economic Sources of Bulk Power

Forecast

0

20

40

60

80

100

120

140

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

$/M

Wh

Levelized Cost of Energy$/MWh

PV Solar Onshore Wind CCGTSolar Onshore Wind Gas

13

Source: Bloomberg New Energy Finance.

14

Strong Support for Decarbonization in Our Core Markets

LATIN

AMERICA

• Economic growth driving electricity demand

• Strong support for hydro

• Increasing build-out of solar and wind

NORTH AMERICA

& EUROPE

• Growing carbon reduction and renewables

targets

• Declining subsidies and tax incentives for

wind and solar

• Rising renewables penetration combined with

nuclear and coal retirements

INDIA

• Economy will likely double in size over the

next decade

• Growing push to build-out wind, solar and

hydro capacity

• Reduced reliance on imported oil and coal

CHINA

• Significant renewables build-out to combat

pollution however, expansion of transmission

infrastructure has not kept pace

• Subsidies for wind and solar are disappearing

• Trade war with U.S. could have currency

implications

15

Strong ESG Practices Create Long-Term Stakeholder Value

Accelerate the

decarbonization of global

electricity grids through our

renewable power portfolio

Apply Task Force on Climate-

related Financial Disclosures

(TCFD) framework to analyze

long-term climate change

risks

Protect biodiversity

Manage water and waste

resources

Maintain a social license to

operate

Health and safety – with a

focus on high-risk incidents –

prevention is a top priority

Proactively engage with and

give back to communities in

which we operate

Human capital initiatives

emphasizing diversity and

inclusion

Social

Operate with high ethical

standards and a robust

policy framework (e.g. our

Code of Business Conduct and

Ethics, Anti-Bribery and Anti-

Corruption Policy)

Integrate ESG into our

decision-making, processes

and management systems

Diverse Board of Directors

and executive management

team

Asset and information security

GovernanceEnvironmental

Maintaining a social license to operate is central to preserving capital,

mitigating risk and creating long term value

16

Our Portfolio Helps Decarbonize the World

28 MILLION tCO2e OF AVOIDED EMISSIONS, EQUIVALENT TO:

6 million 10 million 5 million 460 million nearly all

vehicles

removed

from the

road annually

tons of waste

recycled

instead of

landfilled

homes'

electricity use

for one year

trees planted of London,

England's

emissions in

one year

17

Portfolio Overview

We Have the Highest Quality Cash Flows in the Sector

1) All figures are pro forma the TERP transaction and based on long-term average generation, proportionate to BEP.

2) Figures are pro forma the TERP transaction and based on revenue, proportionate to BEP. Excludes financial contracts and Brazil and Colombia, where we would

expect the energy associated with maturing contracts to be re-contracted in the normal course given the construct of the respective power markets.

Hydro Wind Solar

27%Hydro

Focused1

Contracted

Cash Flows1

7%

North America Latin America & Asia Europe

30%

6%

64%

12%

37%

51%

10 years or fewer 11-19 years 20 years or more

66%

15-year

Average PPA

Term2

Growing

Global

Footprint1

Cash flows are supported

by a strong contract

profile and are well

diversified by technology

and geography

Contracted Merchant

95%

5%

18

19

Diverse, Creditworthy Counterparties

Diverse Customer

Base

Highly diversified customer base

comprised of over 600 high-quality

counterparties insulating our business

from single counterparty risk

Our single largest non-government third-

party customer represents 2% of

generation

Creditworthy

Counterparties

Counterparties comprised primarily of

strong investment grade public power

authorities or utilities

Diverse high-quality customer base provides strong downside protection,

safeguarding our cash flows

20

We Simultaneously Grew and De-risked our Cash Flows

Today a ~20% below LTA-hydrology year in any single market

would have less than a 2% impact on our FFO

10%

32%

13%8%

6%

6%

5%

3%

9%

7% 2%13%

51%

33%

3%

~$2.50+FFO PER UNIT

$0.87FFO PER UNIT

Canada Hydro U.S. Hydro Brazil Hydro Colombia HydroCanada Wind U.S. Wind Europe Wind LatAm & Asia WindEurope & Asia Solar North America Solar Storage & Other

2010 2020

10%+CAGR

New York

16%

New England

7%

MISO

5%

PJM

4%

Forecasted figures based on LTA and proforma TERP transaction.

21

Fully Hedged 75%

25%

Across

multiple

currencies

…And Diversified our Foreign Currency Exposure

Brazil32%

Fully Hedged68%

2010 FX Exposure

Post-Hedging

2020 FX Exposure

Post-Hedging

In the event of a 10% depreciation in any single currency, we have only 1% FFO exposure

22

Growth

23

Organic Cash Flow Growth

BEP is focused on delivering 5% to 9% distribution growth annually on a per unit

basis from organic initiatives and fully funded by internally generated cash flows

Lever

Expected Annual

FFO Growth Detail

Inflation

Escalation1% to 2% ~40% of our revenues have embedded inflation

indexation

Re-Contracting 1% to 2%Limited downside risk to PPA maturities in North

America plus exposure to rising power prices in

Brazil and Colombia

Cost Reduction 1% to 2% Targeting cost reductions of $2/MWh

Development &

Repowering3% to 5%

Targeting to build 1,000 MW from our proprietary

development pipeline over the next five years at

premium returns

FFO per Unit

Growth

Potential

6% to 11% We do not rely on M&A to achieve our

distribution growth target

24

Robust Development Pipeline

Hydro Other Wind Solar Storage

Given our scale, diversity, and global nature, we are uniquely positioned to partner

with governments and businesses to help them achieve their decarbonization goals

• We have an 18,000 MW development pipeline diversified across multiple

technologies and geographies, including approximately 2,400 MW under

construction

• With our development pipeline, we would create enough carbon free power to

displace an additional 23 million metric tons of carbon dioxide per year

North America Latam Asia Europe

18,000 MW 18,000 MW

25

Proven Track Record of Capital Deployment

We have developed or acquired 14,000 MW of capacity

across technologies and geographies

Deployed ~$4 billion of BEP equity since 2014$billions

$0.0

$0.5

$1.0

$1.5

$2.0

Hydro Wind Solar Other

North America Latin America Europe Asia

26

Financial Profile

27

Robust Balance Sheet

BBB+INVESTMENT GRADE BALANCE SHEET

10 YEARSAVERAGE DEBT TERM TO MATURITY

~80%NON-RECOURSE FINANCINGS

Highest rating in the sector with non-amortizing

corporate debt fully supported by perpetual

hydro portfolio

Well laddered debt profile with no material

maturities in the next five years or deferred

financing structures like converts or tax equity

Structured on an investment grade basis with

attractive covenant packages that are free from

financial maintenance covenants

~90%FIXED RATE FINANCINGS

Minimal interest rate exposure, with only 7% of

our debt in North America and EU exposed to

rising interest rates

12.1xDECONSOLIDATED

INTEREST

COVERAGE

17%DEBT TO

CAPITALIZATION -

CORPORATE

Figures and table are as at June 20th pro forma the issuance of our C$425m Series 13

MTN and redemption of our C$400m Series 8 MTN

$0.0

$1.0

$2.0

$3.0

$4.0

$5.0

$6.0

2020 2021 2022 2023 2024 After

Profroma Debt Maturity Ladder

$billions, as at June 30,2020

Non-Recourse Maturities Recourse Maturities

28

Access to Deep Pool of Capital

Significant Liquidity Partner Capital

Diversified Access to

Capital MarketsTrack Record of

Capital Recycling

We currently have ~$3.4 billion1

of available liquidity

We have access to ~$5 billion of

partner capital to invest alongside

We have raised ~$3.8 billion2 in

corporate debt and equity (preferred

and common) since 2015

Raised ~$1.2 billion in proceeds in

the last two years through

opportunistic capital recycling

Multiple

Funding

Levers

1) Available liquidity is adjusted for the acquisition of a 38% interest in TerraForm Power, Inc. completed on July 31, 2020

2) Corporate debt issuances include our C$425m Series 14 notes that closed in August 2020

29

ATTRACTIVE SECTOR

Strong ESG practices support global

decarbonization and create long-term

value for stakeholders

HIGH-QUALITY CASH FLOWS

Stable cash flows from diverse global, multi-

technology platform, supported by a strong

contract profile and best-in-class assets

Key TakeawaysKey Takeaways

STRATEGY

Proven and repeatable strategy combining

a value investment approach with

operating expertise and capital discipline

that has delivered 18% to unitholders since

inception

FINANCIAL PROFILE

Robust balance sheet with high levels of

liquidity and access to diverse, scale

capital

30

Appendix

31

Indicative Corporate Structure

1. BAM ownership figures as of June 30, 2020.

2. Economic ownership interest on a fully diluted basis.

3. Portfolios of fixed income and equity securities managed on behalf of clients.

4. Includes Oaktree and other alternative investments. Oaktree also has real estate and infrastructure products.

5. On a fully exchanged basis and inclusive of BAM secondary offering announced on May 26, 2020.

Brookfield Asset Management(NYSE:BAM)

Infrastructure

Real Estate

Real Estate

Real Estate

Brookfield

Property

Partners

(NASDAQ: BPY)

53%2

Sustainable

Resources

Renewable Power

Brookfield

Renewable

Partners

(NYSE: BEP)

57%5

Infrastructure

Infrastructure

Brookfield

Infrastructure

Partners

(NYSE: BIP)

30%

Real Asset

Credit

Private Equity

Private Equity

Brookfield

Business

Partners

(NYSE: BBU)

63%

Credit

Credit4

Credit

Oaktree

(Private 62%)

PUBLIC

SECURITIES3

BUSINESSES

PRIVATE

FUNDS

AFFILIATES1

32

Governance

EXECUTIVE LEADERSHIP

Sachin Shah Chief Executive Officer

Wyatt Hartley Chief Financial Officer

Jennifer Mazin General Counsel

Ruth Kent Chief Operating Officer

Brookfield Renewable has entered into a Master Services Agreement with Brookfield Asset Management

• Provides comprehensive suite of services to Brookfield Renewable Partners

• Base management fee of $20 million adjusted annually for inflation

• Equity enhancement fee equal to 1.25% of the increase in BEP’s capitalization

Incentive distributions based upon increases in distributions paid to unitholders over pre-defined thresholds (Master

Limited Partnerships (MLP) structure)

• 15% participation by Brookfield in distributions over $0.375/unit per quarter

• 25% participation by Brookfield in distributions over $0.4225/unit per quarter

Brookfield Renewable’s general partner has a majority of independent directors

Brookfield Renewable’s governance is structured to provide significant alignment of interests between Brookfield

Asset Management and unitholders

33

Favorable Structure Relative to Master Limited Partnerships

Brookfield Renewable has not and is not expected to generate UBTI and ECI

• Brookfield Renewable is a Bermuda-based publicly traded partnership that indirectly

owns holding corporations in the U.S., Canada and other jurisdictions. Brookfield

Renewable is not a U.S. MLP

• Chart below shows a comparison of Brookfield Renewable versus an MLP

1) Not all MLP’s are the same. This represents Brookfield’s understanding of common features with these types of vehicles

2) UBTI is unrelated business taxable income

3) ECI is effectively connected income

4) Source: Management estimates based on Barclays Capital Master Limited Partnerships MLP Trader Weekly

Brookfield Renewable MLP1

Type of entity Publicly traded partnership Publicly traded partnership

UBTI2 No Yes

ECI3 No Yes

U.S. tax slip issued K1 K1

Tax profile of distributions Benefits from return of capital Benefits from depreciation

Target payout ratio ~70% of FFO 80%-90% of distributable cash flow4

Incentive distributions 25% maximum 50% maximum

34

Leader in Green Energy & Sustainability

BEP is the largest member by market capitalization of the S&P/TSX Renewable Energy and Clean

Technology Index.

Since 2017, BEP has issued four green bonds through project-level financings for an aggregate

value of over $1.6 billion. Citing BEP's environmental stewardship, commitment to renewable

power, and use of proceeds towards renewable power generation, the green bonds received E-1

Green Evaluation scores from S&P - the highest on its scale.

BEP has issued five corporate-level green bonds to date – C$300 million in 2018, C$600 million in

2019, and C$175, C$175, and C$425 million in 2020 as well as a $200 million perpetual preferred

unit issuance in 2020 – under its Green Bond and Preferred Securities Framework with proceeds

to be used to finance and/or refinance investments in renewable power generation and to support

the development of clean energy technologies. A third-party opinion from Sustainalytics deemed

the Framework to be credible and impactful.

BEP is committed to sustainable development principles that reduce the impact of our operations

and help to manage the underlying water resources efficiently. Low Impact Hydropower Institute

(LIHI) certification is a voluntary certification program designed to help identify and provide market

incentives for hydropower operations that are minimizing their environmental impacts. BEP has

received LIHI certification for 65 hydro facilities across the US, more than any other operator,

making it the U.S. leader in low impact hydropower generation.1

The Environmental Choice Program is a comprehensive national program sponsored by

Environment Canada. It certifies manufacturers and suppliers that produce products and services

that are less harmful to the environment. These bear the EcoLogo registered trademark. 22 of our

hydroelectric facilities in Ontario, Quebec, and British Columbia meet the strict standards of the

Environmental Choice Program.

1) This product includes Low Impact Hydropower from facilities certified by the Low Impact Hydropower Institute (an independent non-profit organization) to have environmental impacts

in key areas below levels the Institute considers acceptable for hydropower facilities. For more information about the certification, please visit www.lowimpacthydro.org.

35

Notice to Recipients

Additional Information and Where to Find It

This presentation is neither a solicitation of a proxy nor a substitute for any proxy statement or other filings that may be made with the SEC. Any solicitation will only be made through

materials filed with the SEC. Nonetheless, this presentation may be deemed to be solicitation material in respect of the transaction by Brookfield Renewable Partners L.P. (“BEP”),

Brookfield Renewable Corporation (“BEPC”) and TerraForm Power, Inc. (“TERP” or “TerraForm Power”). BEP and BEPC have filed relevant materials with the SEC, including a

registration statement on Form F-1/F-4 (File Nos. 333-234614 and 333-234614-01) (the “F-1/F-4”), as filed with the SEC as an amendment to Form F-1, that includes a proxy

statement of TerraForm Power and also constitutes a prospectus of BEP and BEPC. On June 29, 2020, the SEC declared the F-1/F-4 effective. TerraForm Power commenced

mailing the definitive proxy statement/prospectus to stockholders of TerraForm Power on or about June 29, 2020. This presentation is not a substitute for the registration statement,

proxy statement/prospectus or any other documents that BEP, BEPC or TerraForm Power may file with the SEC or send to stockholders in connection with the transaction.

STOCKHOLDERS OF TERRAFORM POWER ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH THE SEC, INCLUDING THE DEFINITIVE PROXY

STATEMENT/PROSPECTUS, WHICH WAS ALSO FILED WITH THE SEC, BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTION.

Investors and security holders may obtain copies of the F-1/F-4, including the proxy statement/prospectus relating to the TERP acquisition, the prospectus relating to the special

distribution of BEPC exchangeable shares and other documents filed with the SEC free of charge at the SEC’s website, http://www.sec.gov. Copies of documents filed with the SEC

by Terraform Power are available free of charge on Terraform Power’s website at http://www.terraform.com/. Copies of documents filed with the SEC by BEP and BEPC are available

free of charge on BEP’s website at http://bep.brookfield.com/.

Participants in Solicitation

TerraForm Power and its directors and executive officers, BEPC and its directors and executive officers, and BEP and its directors and executive officers may be deemed to be

participants in the solicitation of proxies from the holders of TerraForm Power common stock in respect of the transaction. Information about the directors and executive officers of

TerraForm Power is set forth on its website at http://www.terraformpower.com/. Information about the directors and executive officers of BEP is set forth on its website at

http://bep.brookfield.com/. Information about the directors and executive officers of BEPC is set forth on the F-1/F-4. Investors may obtain additional information regarding the

interests of such participants by reading the proxy statement/prospectus regarding the TERP acquisition. You may obtain free copies of these documents as described in the

preceding paragraph.

Non Solicitation

No securities regulatory authority has either approved or disapproved of the contents of this presentation. This presentation shall not constitute an offer to sell or the solicitation of an

offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior

to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of

Section 10 of the Securities Act of 1933, as amended.