Brookfield Renewable Partners L.P. (NYSE:BEP) Q4 2023 Earnings Conference Call February 2, 2024 9:00 AM ET
Company Participants
Connor Teskey - Chief Executive Officer
Stephen Gallagher - Brookfield Renewable US
Wyatt Hartley - Chief Financial Officer
Conference Call Participants
Sean Steuart - TD Securities
Robert Hope - Scotiabank
Rupert Merer - National Bank
Mark Jarvi - CIBC
Nelson Ng - RBC Capital Markets
David Quezada - Raymond James
Benjamin Pham - BMO Capital Markets
Moses Sutton - BNP Paribas
Operator
Good day and thank you for standing by. Welcome to the Brookfield Renewable 's Fourth Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. After the speaker's presentation there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your host today, Connor Teskey, Chief Executive Officer. Please go ahead.
Connor Teskey
Thank you, operator. Good morning, everyone, and thank you for joining us for our fourth quarter 2023 conference call.
Before we begin, we would like to remind you that a copy of our news release, investor supplement and letter to unit holders 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 SEDAR, EDGAR, and on our website.
On today's call, we will provide a review of our 2023 performance and an update on the business and our growth initiatives before handing it over to Stephen Gallagher, CEO of Brookfield Renewable US, who will discuss how we are enabling the growth of the largest and fastest growing companies around the world and what that means for our business. And then lastly, Wyatt will conclude the call by discussing our operating results and financial position. As always, following our remarks, we look forward to taking your questions.
2023 was a record year for our business on many metrics. We generated record funds from operations benefiting from organic growth and acquisitions. We deployed a record amount of capital into attractive and accretive opportunities across all our key markets. And we developed more capacity than we ever have before, all while strengthening our balance sheet.
We have established ourselves as a global clean energy super major, evolving from a pure-play renewable energy producer to a preeminent platform for renewable power and de-carbonization solutions, with scale and the breadth of capabilities and relationships that set us apart from our peers.