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NON-CONTROLLING INTERESTS (Tables)
 12 Months Ended
Dec. 31, 2021
Non Controlling Interest [Abstract]  
Summary of Brookfield Renewables non-controlling interests
Brookfield Renewable’s non-controlling interests are comprised of the following as at December 31:
(MILLIONS)20212020
Participating non-controlling interests – in operating subsidiaries
$12,303 $11,100 
General partnership interest in a holding subsidiary held by Brookfield59 56 
Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield
2,894 2,721 
BEPC exchangeable shares2,562 2,408 
Preferred equity613 609 
Perpetual subordinated notes592 — 
$19,023 $16,894 
Disclosure of significant investments non-controlling interest in subsidiaries
The net change in participating non-controlling interests – in operating subsidiaries is as follows:
(MILLIONS)Brookfield
Americas
Infrastructure
Fund		Brookfield
Infrastructure
Fund II		Brookfield
Infrastructure
Fund III		Brookfield Infrastructure Fund IVCanadian
Hydroelectric
Portfolio		The
Catalyst
Group		Isagen institutional investorsIsagen public non-controlling interestsTerraForm Power public non-controlling interestsOtherTotal
As at December 31, 2018$900 $1,929 $3,496 $— $276 $124 $2,212 $15 $1,002 $335 $10,289 
Net income(loss)— (13)6 6 19 17 154 1 (79)2 113 
Other comprehensive
 income (loss)
46 134 427 (3)61 (41)266 2 112 — 1,004 
Capital contributions— — 2 159 268 — — (2)244 3 674 
Disposals— (87)— — — — — — — (85)(172)
Distributions(1)
(24)(120)(332)— (1)(11)(259)(1)(66)(30)(844)
Other— 8 20 1 (5)— 2 (2)(5)3 22 
As at December 31, 2019922 1,851 3,619 163 618 89 2,375 13 1,208 228 11,086 
Net income (loss)(13)(21)(52)15 35 16 130 — (31)101 180 
Other comprehensive
 income (loss)
100 196 413 — 11 27 325 2 2 36 1,112 
Capital contributions— 9 23 246 — — — — — 242 520 
Return of capital— (3)(109)— (35)— — — — — (147)
Disposals— — — — — — — — — (15)(15)
Distributions(1)
(8)(38)(204)(13)(1)(34)(180)— (35)(38)(551)
Special distribution/TerraForm Power acquisition— — — — — — — — (1,101)— (1,101)
Other1 — (67)(1)(1)(1)1 (1)(43)128 16 
As at December 31, 20201,002 1,994 3,623 410 627 97 2,651 14 — 682 11,100 
Net income (loss)5 43 (16)38 4 16 113 1 — 5 209 
Other comprehensive
 income (loss)
(122)445 196 150 163 28 (107)— — 86 839 
Capital contributions— 6 10 924 — — — — — 181 1,121 
Disposals(181)(214)— — — — — — — — (395)
Distributions(1)
(18)(32)(350)(114)(25)(8)(215)(1)— (47)(810)
Other(1)11 155 2 205 (1)— (1)— (131)239 
As at December 31, 2021$685 $2,253 $3,618 $1,410 $974 $132 $2,442 $13 $— $776 $12,303 
Interests held by third parties
75%-78%
43%-60
23%-71%
75 %50 %25 %53 %0.3 %— %
0.3%-50%
(1)Distributions paid during the year ended December 31, 2021, totaled $810 million (2020: $551 million and 2019: $844 million)
Disclosure of financial information of significant investments non-controlling interest in subsidiaries
The following tables summarize certain financial information of operating subsidiaries that have non-controlling interests that are material to Brookfield Renewable:
(MILLIONS)Brookfield
Americas
Infrastructure
Fund		Brookfield
Infrastructure
Fund II
Brookfield
Infrastructure
Fund III(1)
Brookfield Infrastructure
 Fund IV		Canadian
Hydroelectric
Portfolio		The
Catalyst
Group
Isagen (2)
TerraForm PowerOtherTotal
Interests held by third parties
75%-78%
43%-60%
69%-71%
75 %50 %25 %76 %36 %
0.3%-74%
Place of businessUnited States,
Brazil		United States,
Brazil,
Europe		United States, Brazil, Europe, India, ChinaUnited States ,
Brazil,
 India,
China		CanadaUnited StatesColombiaNorth America,
South America,
Europe		United States, Brazil, Canada, Colombia
Year ended December 31, 2019:
Revenue$155 $451 $255 $39 $96 $145 $971 $991 $29 $3,132 
Net income2 (20)10 9 42 67 293 (207)6 202 
Total comprehensive income (loss)61 294 359 4 138 (99)1,007 90 17 1,871 
Net income allocated to non-controlling interests— (13)8 6 19 17 220 (149)5 113 
Year ended December 31, 2020:
Revenue$137 $346 $189 $85 $123 $141 $874 $1,161 $20 $3,076 
Net income (loss)(15)(34)(2)20 73 65 247 (360)173 167 
Total comprehensive income (loss)109 345 160 19 108 173 866 238 176 2,194 
Net income (loss) allocated to non-controlling interests(13)(21)(4)15 38 16 187 (158)120 180 
As at December 31, 2020:
Property, plant and equipment, at fair value$1,785 $5,314 $2,609 $724 $1,877 $1,037 $8,150 $11,606 $276 $33,378 
Total assets1,833 5,562 3,101 1,129 3,579 1,045 9,130 12,767 440 38,586 
Total borrowings483 1,629 832 427 1,672 549 1,822 6,890 94 14,398 
Total liabilities550 1,950 926 581 2,067 557 4,131 9,365 127 20,254 
Carrying value of non-controlling interests1,002 1,994 1,545 410 675 97 3,794 1,434 149 11,100 
Year ended December 31, 2021:
Revenue$137 $302 $195 $316 $81 $136 $929 $1,239 $19 $3,354 
Net income (loss)7 64 1 50 10 62 214 (245)66 229 
Total comprehensive income (loss)(161)895 348 252 329 173 11 (243)187 1,791 
Net income allocated to non-controlling interests5 43 2 38 4 16 162 (109)48 209 
As at December 31, 2021:
Property, plant and equipment, at fair value$1,053 $5,578 $2,861 $4,440 $2,417 $1,129 $8,497 $10,867 $321 $37,163 
Total assets1,087 5,673 3,510 5,460 2,741 1,140 9,498 11,939 374 41,422 
Total borrowings179 1,331 1,048 2,768 516 507 2,224 6,902 93 15,568 
Total liabilities205 1,552 1,180 3,356 576 511 4,896 8,916 151 21,343 
Carrying value of non-controlling interests685 2,253 1,658 1,410 1,029 132 3,493 1,344 299 12,303 
(1)Excludes information relating to Isagen and TerraForm Power which are presented separately.
(2)The total third party ownership interest in Isagen as of December 31, 2021 was 75.9% and comprised of Brookfield Infrastructure Fund III: 23.0%, Isagen Institutional investors 52.6% and other non-controlling interests: 0.3%.
Summary of composition of the distributions
The composition of the distributions are presented in the following table:
(MILLIONS)202120202019
General partnership interest in a holding subsidiary held by Brookfield$5 $5 $5 
Incentive distribution80 65 50 
 85 70 55 
Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield
237 250 268 
BEPC exchangeable shares held by
Brookfield53 42 — 
External shareholders156 74 — 
Total BEPC exchangeable shares209 116 — 
 $531 $436 $323 
The composition of the distributions are presented in the following table:
(MILLIONS)20212020
Brookfield$84 $98 
External LP unitholders251 251 
$335 $349 
Disclosure of summary financial information
The following table summarizes certain financial information regarding General partnership interest in a holding subsidiary held by Brookfield, Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield and Class A exchangeable shares of Brookfield Renewable Corporation held by public shareholders and Brookfield:
(MILLIONS)202120202019
For the year ended December 31:
Revenue$4,096 $3,810 $3,971 
Net income(66)(45)80 
Comprehensive income2,700 2,229 2,025 
Net income (loss) allocated to(1):
General partnership interest in a holding subsidiary held by Brookfield77 62 50 
Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield
(135)(133)(65)
BEPC exchangeable shares(119)(49)— 
As at December 31:
Property, plant and equipment, at fair value$49,432 $44,590 
Total assets55,867 49,722 
Total borrowings21,529 18,082 
Total liabilities31,871 27,955 
Carrying value of (2):
General partnership interest in a holding subsidiary held by Brookfield59 56 
Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield
2,894 2,721 
(1)Allocated based on weighted-average GP interest, Redeemable/Exchangeable partnership units, BEPC exchangeable shares and LP units of 4.0 million, 194.5 million, 172.2 million and 274.9 million, respectively (2020: 4.0 million, 194.5 million, 139.9 million and 271.1 million, respectively and 2019: 4.0 million, 194.5 million, nil and 268.3 million, respectively).
(2)Allocated based on outstanding GP interest, Redeemable/Exchangeable partnership units, BEPC exchangeable shares and LP units of 4.0 million, 194.5 million, 172.2 million and 275.1 million, respectively (2020: 4.0 million, 194.5 million, 172.2 million and 274.8 million, respectively).
Disclosure of preference shares
Brookfield Renewable’s preferred equity as at December 31 consists of Class A Preference Shares of Brookfield Renewable Power Preferred Equity Inc. (“BRP Equity”) as follows:
Shares
outstanding		Cumulative
dividend
rate (%)		Earliest
permitted
redemption
date		Dividends declared for
the year ended
December 31		Carrying value as at
(MILLIONS, EXCEPT AS NOTED)20212020December 31, 2021December 31, 2020
Series 1 (C$136)6.85 3.1 April 2025$4 $3 $135 $134 
Series 2 (C$113)(1)
3.11 2.8 April 20252 3 62 62 
Series 3 (C$249)9.96 4.4 July 20249 8 197 195 
Series 5 (C$103)4.11 5.0 April 20184 4 81 81 
Series 6 (C$175)7.00 5.0 July 20187 7 138 137 
 31.03 $26 $25 $613 $609 
(1)Dividend rate represents annualized distribution based on the most recent quarterly floating rate.