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And I'm just trying to think through, I can see a similar magnitude and uplift on some of your other hydro assets. Were also looking at other clean energy solutions for them and collaborating on that as well. So well continue with our historic guidance, but the fundamentals of it remain unchanged if not improved since we made that comment a few months ago. Brookfields deal for the developer of utility scale U.S. solar plants and energy storage boosts its clean power portfolio, with projects in 12 states, the company said in late January. Columbia had a great year for hydrology where Brazil had a really tough year for hydrology.

Mr. Teskey is also Head of Europe for Brookfield Asset Management, responsible for corporate operations and oversight across Brookfields business in the region. Prior to these roles, Mr. Teskey was Chief Investment Officer of the Renewable Power business. Yes. Okay. Officer of Brookfield Renewable Partners L.P, the total compensation of Mr Teskey at Brookfield Renewable Partners L.P is CAD$1,462,868. And then secondly, it just makes our power more economic and thats going to be helpful for both deploying more capital and driving returns. And then the last point I would make is it has been a very robust period of growth for the broader industry. With over 5,500 gigawatts hours of generation available for re-contracting over the next five years and an increasingly constructive pricing environment for a hydro portfolio, we have significant capacity across our fleet to execute on similar contracts that we expect to contribute additional FFO and generate a highly accretive funding source for our growth. This together with the fact that we have effectively no direct exposure to rising interest rates means the compounding effect of inflating revenues should drive operating leverage across our platform.

And then we came across Urban Grid. Our largest businesses are in North America and Europe and they continue to grow on, I would say a double-digit basis year after year after year. And then that remaining kind of $2 billion to get to the $6 billion of capital need for growth will come from our normal course asset recycling program. We are uniquely positioned with leading capabilities across four continents and to provide global solution for those looking for clean onsite or behind the meter generation. Is this happening to you frequently? Today, we have over 15,000 megawatts of capacity under construction or in late stage development. Brookfield Renewable Partners Limited operates as the general partner of Brookfield Renewable Partners L.P. Youre going to be working with Trane on distributed generation in the U.S., and now you announced the Shoals agreement. Specifically, the asset management business that will be spun off which will be called Brookfield Asset Management Ltd. and manage $750 billion in assets Prior to Brookfield, he worked in corporate debt origination at a Canadian bank. Teskey is also Head of Europe for Brookfield Asset Management, responsible for corporate operations and oversight across Brookfields business in the region. Prior to these roles, Mr. Teskey was Chief Investment Officer of the Renewable Power business. Thats what Im sorry. In total, we expect these projects to contribute almost $180 million in annual FFO to our business once completed. So we expect to see more partnerships or collaborations like that one. Now, moving to inflation, whether we are in a period of transitory or sustained inflation, our business performs well in either environment. Were seeing increased demand by the largest procurers of green power for multi-regional or global solutions. There are no executives at Brookfield Renewable Partners L.P getting paid more. What is the salary of Mr Teskey? Okay. When you think about having batteries in a complimentary fashion or supplementary fashion to parts of your existing portfolio, do you get excited about the potential for broadening out your ability to do 724 contracts and just many more geographies? We are pleased to have been able to commission nearly 1,000 megawatts of capacity on time and budget during the year, including our 360 megawatt solar project in Brazil, which was delivered ahead of schedule and have recently completed 160 megawatt wind repowering in New York State. That concludes our formal remarks for todays call. Our scale and centralized procurement function help us ensure that we are a priority client for solar panel and wind turbine manufacturers and give us operational flexibility. So there was this seemingly a specific instance here that drove the desire to contract this asset. At this time, all participants are in listen-only mode. Now, in order to fund those investments, the nice thing as Wyatt said is, weve essentially secured a large amount of capital to fund those essentially at 4%, which is going to be very, very accretive for our growth activity for the next 12 months. Yes. And so we kind of have three buckets to fund that one, we had some additional corporate debt or perpetual preferred equity that we routinely issue, but limiting ourselves there on a investment grade basis that bucket continues to be one we expect to use that would make anywhere from $1.5 billion to $2 billion. This concludes todays conference call. Suite 3200 Thanks, Fred. If we take a look at 2021, you put roughly 1,000 thousand megawatts into service up from your development pipeline. One, are they attractive risk adjusted returns, and two, whats driving the growth and the increased development into development is simply the demand were seeing from our customers. The list of capital deployment since last quarter seems a little bit longer than normal.

Our next question comes from Andrew Kuske with Credit Suisse. ET. Is this kind of just when the opportunities presented themselves? As the Chief Exec.

But as Connor mentioned, overall in terms of the environment for our hydros just given the ability to deploy dispatchable carbon-free power that specific reason may not kind of replicate, but the overall environment, we expect there could be other reasons that our hydros become more attractive to contract long-term. [Operator Instructions]. Thats great. It comes with best-in-class assets, but one of the other things were also getting as part of that transaction is a best-in-class management team that is going to drive value in the assets that came with the transaction and also across our broader portfolio. Secondly, as has been a theme for a number of quarters and approaching in couple years now, we are seeing an increasing number of opportunities to do de-risk development at very attractive risk adjusted returns, and thats growing within our business. A 10% increase from 2020 or a 17% increase on a normalized basis. Good morning, everyone. We have this really high power price environment. Officer of Brookfield Renewable Partners L.P, the total compensation of Mr Teskey at Brookfield Renewable And Ill maybe come at it from a few different directions. I think Connor, the context you gave in your of prepared comments was you expect the return potential for the Urban Grid build out would be above the high end of the target 12% to 15% return range. 685 Third Avenue In addition, there are 4,000 megawatts of de-risked advanced stage buildout opportunities, that we expect to backed with corporate contracts and build out over the next six years. Wondering if you can give us some color on what were seeing in Europe right now. Our next question comes from Naji Baydoun with iA Capital. So a long-term corporate PPA is not only clean power it also acts as an insurance policy against future price spikes or shortages in global commodity markets like were seeing currently. And maybe Matt, I would add just you mentioned the word complexity in the way we fund our growth, but I think, look, the way we think about it is, we do we structured the investment through the private funds, because we believe that its very additive to our business, because it provides us a scale of capital to be able to look at transactions that are really differentiated. What has changed in our business positively changed in our business is the amount of that per unit FFO per share growth that we can deliver simply with organic growth initiative is much higher than its been in the past. Is it fair to say theres still a price at which you might consider a sell down or really is upfinancing kind of representative of a way you can recycle some of the capital from hydros in the future? Next, we would like to spend a few minutes providing a spotlight on three important topics. It remains in place. This will lead to an unprecedented build out of wind, solar and other clean energy solutions over the next decade. However, we are confident that we are uniquely positioned to manage any challenges going forward to the extent that they persist. Brookfield Renewable Partners L.P. ( NYSE: BEP) Q4 2021 Earnings Good question, Matt. And really turn that into de-risk construction at really attractive returns. The first one with Amazon is simply a strategic collaboration where we look to build out clean energy projects to support their growth around the world in their increasing clean energy demand. What the management team and what the company of Urban Grid is best-in-class at is securing land, interconnection and permits, the early stage component of development, where we would like to think that Brookfield Renewable in the United States is leading, is in corporate PPA procurement, power marketing, financing and construction. One is a shortage of polysilicon supply for solar panels. That's really why we've been excited about the opportunities we're seeing is because if you can take a project that's ready to build, match it with the corporate contract, match it with a full wrap EPC contract in a long-term O&M agreement. I know in the past you guys were more focused on acquiring operating assets, and then more recently, there's been a larger focus on acquiring, I guess development assets or platforms. During the quarter, we generated FFO of $157 million or $0.38 per unit, a 12% increase from the prior year. Were in a great period because all three are accelerating right now. We agreed to deploy capital, in line with our targets growing in every major market we operate and had a record year for development. So should we view this as more supporting that funding or is some of those wedges moving around? Thank you, operator. You can do that at a really attractive return, but it's a very, very de-risk project. Great. And then just diving a little bit deeper into that development point that you put there. Connor Teskey is President of Brookfield Asset Management. Its certainly an acceleration of the pipeline. But a couple things did really shine through, particularly in the latter part of the year and hopefully into Q1 as well. To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market.

We do have a small amount of hydro development within our portfolio, its largely in Brazil, typically small hydros. Well, wed like to thank you all for taking the time today and appreciate your interest and your continued support. Good morning.

And then secondly, do it with a high quality counterparty under a long duration contract, where we could get very attractive financing. We will continue to pursue that activity as long as we have that abundance of corporate contracting demand. Certainly if the constructive pricing environment continues. Maybe not quite of the same scale, Lievre was a special asset, but we would expect to do more of this activity in the next few years. Connor David Teskey is the Chief Exec. And to the extent, those become available to us, because we are pursuing large transactions, we absolutely would expect to co-invest and perhaps increase our proportional activity in those investments, slightly above what we do directly through the fund. Connor Teskey is a Managing Partner, Head of Brookfields Renewable Power Group and Chief Executive Officer of Brookfield Renewable Partners. Mr. Teskey is also Head of Europe for Brookfield Asset Management, responsible for corporate operations and oversight across Brookfields business in the region. We achieved record FFO per unit, continuing our track record of double-digit annual growth for over a decade. Certainly.