Brookfield Renewable Partners LP (NYSE:BEP) Q1 2022 Earnings Conference Call May 6, 2022 9:00 AM ET
Company Participants
Connor Teskey - CEO & Managing Partner
Wyatt Hartley - CFO
Conference Call Participants
Nelson Ng - RBC Capital Markets
Sean Steuart - TD Securities
Rupert Merer - National Bank Financial
Mark Jarvi - CIBC Capital Markets
Andrew Kuske - Crédit Suisse
Naji Baydoun - Industrial Alliance Securities
William Grippin - UBS
David Quezada - Raymond James
Mark Strouse - JPMorgan Chase & Co.
Operator
Hello, and welcome to the BEP First Quarter 2022 Results Conference Call and Webcast. [Operator Instructions].
It is now my pleasure to introduce CEO, Connor Teskey.
Connor Teskey
Thank you, operator. Good morning, everyone, and thank you for joining us for our first quarter 2022 conference call. Before we begin, we would like to remind you that a copy of our news release, investor supplement and letter to unitholders can be found on our website. We would also like to remind you that we may make forward-looking statements on this call. These statements are subject to known and unknown risks, and our future results may differ materially. For more information, you are encouraged to review our regulatory filings available on FEDAR, EDGAR and on our website.
To kick off today's call, we will provide an update on the business. After my remarks, Natalie Adomait, Managing Partner and Chief Investment Officer of Transition Investing, will give an update on our growth initiatives. And then Wyatt will provide an overview on our operating results as well as our balance sheet and liquidity.
Following those prepared remarks, we look forward to taking your questions. Our business performed well in the first quarter. We continue to execute on acquiring assets for value, enhancing the cash flows of those assets with our operating capabilities and leveraging our capabilities to drive decarbonization across the business. Clean Energy occupies a uniquely complementary position to the global goals of low-cost energy, net 0 emissions and energy security. Put simply, the wind and the sun do not need to be imported and don't rely on substantial transportation infrastructure. These underappreciated benefits will become increasingly more relevant as energy security becomes a higher priority.
This represents yet an additional tailwind to our business. And together with accelerating decarbonization trends, we'll continue to enhance the position of investors such as ourselves with capital operating capabilities and the development pipeline to accelerate the build-out of renewables at scale. We are seeing this trend actively play out within our own portfolio. An example is our recently acquired German utility scale solar developer.