Brookfield Renewable Partners L.P. Limited Partnership Units (NYSE:BEP) Q3 2024 Earnings Conference Call November 8, 2024 8:30 AM ET

Company Participants

Connor Teskey - Chief Executive Officer
Ignacio Gomez-Acebo - Managing Director, Renewable Power & Transition
Wyatt Hartley - Chief Financial Officer

Conference Call Participants

Sean Steuart - TD Securities
Robert Hope - Scotiabank
Nelson Ng - RBC Capital Markets
Rupert Merer - National Bank
Mark Jarvi - CIBC
William Grippin - UBS

Operator

Thank you for standing by and welcome to the Brookfield Renewable Third Quarter 2024 Results Conference Call and Webcast. 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] As a reminder, today's program is being recorded.

And now I'd like to introduce your host for today's program, Connor Teskey, Chief Executive Officer. Please go ahead, sir.

Connor Teskey

Thank you, operator. Good morning, everyone, and thank you for joining us for our third quarter 2024 conference call.

Before we begin, we'd like to remind you that a copy of our news release, investor supplement, and letter to unitholders can be found on our website. We also want 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 third quarter performance and how we are able to both successfully monetize assets at great returns in the current environment, as well as find opportunities to deploy significant capital into growth at good value. Then, Ignacio Gomez from our investment team will speak to some of our successful asset monetizations announced this past quarter. And lastly, Wyatt will conclude the call by discussing our operating results and financial position. Following our remarks, we look forward to taking your questions.

We had a successful quarter with the business performing well. We delivered record funds from operations for the third quarter, benefiting from asset development, recent acquisitions, and strong all-in pricing. On the back of our strong results year-to-date and our outlook for the remainder of the year, we continue to expect to achieve our 10% plus FFO per unit growth target for 2024. We have continued to diversify our business across the most attractive power markets globally, while concentrating on the lowest cost mature technologies, which today represent the most promising and viable solutions to meet accelerating electricity demand growth from digitalization and electrification.