By Adriano Marchese

Shares of Brookfield Renewable Partners were lower Tuesday morning after the company said that it will raise $650 million to fund recent acquisitions and for future investment opportunities.

Shares trading in Toronto fell 5.7% to 41.15 Canadian dollars ($29.35).

The Canadian renewable power and sustainable solutions assets company said late Monday that it has launched an equity offering of limited partnership units for $450 million, which will be on a bought-deal basis by a syndicate of underwriters.

The units are offered at a price of $29.90 apiece.

Concurrently, Brookfield Renewables said that one or more subsidiaries of the parent company, Brookfield, will purchase $200 million of the units at the same offering price.

Brookfield said it plans to use the new money to fund the recently completed acquisition of its increased stake in Colombian energy company Isagen, as well as to fund future investment opportunities.

"We continue to see accretive opportunities to invest in essential baseload power-generation and grid-stabilizing technologies, including hydro, nuclear and energy storage," Chief Executive Connor Teskey said.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

November 11, 2025 10:16 ET (15:16 GMT)

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