Strong Financial Performance
Funds from Operations (FFO) per unit increased by 15% year-over-year. The FFO per unit was $0.48, with an overall increase of 7% year-over-year.
Significant Growth in Renewable Energy Capacity
Commissioned approximately 800 megawatts of renewable energy capacity in Q1 and expect to bring approximately 8 gigawatts online in 2025, doubling the commissioning rate from three years ago.
Robust Commercial Initiatives
Secured contracts for an additional 4,500 gigawatt hours per year of generation. Progressed delivery of projects to Microsoft under a renewable energy framework agreement.
Strategic Acquisitions and Investments
Committed or deployed $4.6 billion, highlighted by the privatization of Neoen and the acquisition of National Grid Renewables.
Successful Capital Recycling
Closed the sale of a stake in First Hydro and part of the India portfolio, generating almost three times the invested capital and 20% investment returns.
Strong Demand for Hydro Generation
Hydroelectric segment benefits from favorable pricing, with 6,000 gigawatt hours available for recontracting over the next five years.
Solid Financial Position
Ended the quarter with $4.5 billion of available liquidity, providing flexibility for growth.