04:35 PM EST, 11/10/2025 (MT Newswires) -- Brookfield Renewable Partners (BEP-UN.TO, BEPC) was at last look down about 0.9% in US after hours Monday as it moved to raise about US$650 million through a public equity offering and a concurrent private placement to fund recent and future investments, including its expanded stake in South American power producer Isagen.

The company said it will issue limited partnership units for gross proceeds of $450 million at $29.90 per unit through a bought deal underwritten by a syndicate.

At the same time, subsidiaries of Brookfield Corporation (BN) will purchase $200 million of units at the same price, net of underwriting commissions, in a concurrent private placement.

Brookfield Renewable said total gross proceeds from both transactions will be about $650 million, with closing expected on or about Nov. 14, 2025. The company granted underwriters a 30-day over-allotment option for up to an additional 15% of the offered units, which could lift total proceeds to roughly $718 million if exercised in full.

Chief Executive Officer Connor Teskey said the capital will support growth opportunities across the company's global portfolio, including investments in hydro, nuclear, and energy storage. "We continue to see accretive opportunities to invest in essential baseload power generation and grid-stabilizing technologies," he said, citing the company's recent 3-gigawatt hydro framework deal with Google and its partnership with the U.S. government to advance Westinghouse nuclear technology deployment.

Brookfield Renewable said the funds will be used to finance the Isagen acquisition, future investments, and for general corporate purposes.

Shares of the company fell 1%, or $0.30, to $30.85 in after-hours trading in New York, after closing $0.07 higher at $43.64 in Toronto.