Brookfield Renewable Partners LP美股招股说明书(2026-01-13版)

Brookfield Renewable CorporationBrookfield Renewable Partners L.P. Up to $400,000,000 ClassA Exchangeable Subordinate Voting Shares of Brookfield Renewable CorporationLimited Partnership Units of Brookfield Renewable Partners L.P. (issuable or deliverable upon exchange, redemptionor acquisition of ClassA Exchangeable Subordinate Voting Shares) This prospectus supplement (this “Prospectus Supplement”) of Brookfield Renewable Corporation (the “Company”) and BrookfieldRenewable Partners L.P. (the “Partnership”), together with the base shelf prospectus dated April2, 2025 (the “Base Prospectus” and together with thisProspectus Supplement, the “Prospectus”), relates to an “at-the-market” offering (the “Offering”) of class A exchangeable subordinate voting shares ofthe Company (the “Exchangeable Shares”) from time to time having an aggregate sale price of up to $400,000,000 (or the equivalent in Canadiandollars determined using the daily exchange rate posted by the Bank of Canada on the date the Exchangeable Shares are sold). See “Plan of The Company and the Partnership have entered into an equity distribution agreement dated January12, 2026 (the “DistributionAgreement”) with BMO Capital Markets Corp.and TD Securities (USA) LLC (together, the “U.S. Agents”) and BMO Nesbitt Burns Inc.and TDSecurities Inc. (together, the “Canadian Agents” and together with the U.S. Agents, the “Agents”) pursuant to which the Company may offer and sell in Sales of Exchangeable Shares, if any, under this Prospectus Supplement will be made in transactions that are deemed to be an “at themarket offering” as defined in Rule 415 promulgated under the U.S. Securities Act of 1933, including, without limitation, sales made on or through theNew York Stock Exchange (the “NYSE”) or the Toronto Stock Exchange (the “TSX”) or on any other marketplace in the United States or Canada wherethe Exchangeable Shares may be traded.There is no minimum amount of funds that must be raised under the Offering. This means that the The Offering is being made concurrently in Canada under the terms of a prospectus supplement to a short form base shelf prospectus (the“Canadian Base Prospectus”) filed with the securities commissions or similar authorities in each of the provinces of Canada. Neither this Prospectus The Company will pay the Agents compensation for their services in acting as agents in connection with the sale of Exchangeable Sharespursuant to the Distribution Agreement of up to 2% of the gross offering proceeds of the Exchangeable Shares sold under the Distribution Agreement The Exchangeable Shares are listed for trading under the symbol “BEPC” on the NYSE and the TSX. The LP Units are listed for tradingunder the symbol “BEP” on the NYSE and “BEP.UN” on the TSX. On January8, 2026, before the public announcement of this Offering, the closingsale prices of the Exchangeable Shares on the NYSE and the TSX were $37.80 and C$52.43 respectively, and the closing sale prices of the LP Units onthe NYSE and the TSX were $26.86 and C$37.24, respectively. The NYSE has authorized the listing of the Exchangeable Shares that may be distributedunder the Offering and the LP Units that may be issuable or deliverable upon the exchange, redemption or acquisition of such Exchangeable Shares, The date of this Prospectus Supplement is January12, 2026. Table of Contents TABLE OF CONTENTS ABOUT THIS PROSPECTUS SUPPLEMENTCANADIAN PROSPECTUS PROSPECTUS CAUTION REGARDING FORWARD-LOOKING STATEMENTS SERVICE OF PROCESS AND ENFORCEABILITY OF CIVIL LIABILITIES EXPERTS EXPENSES Table of Contents You should only rely on the information contained or incorporated by reference in this Prospectus Supplement or the accompanying BaseProspectus. The Company has not, and the Agents have not, authorized anyone to provide you with different or additional information. If anyoneprovides you with different or additional information, you should not rely on it. References to this “Prospectus Supplement” include documentsincorporated by reference herein. See “Documents Incorporated by Reference”. The information contained in this Prospectus Supplement, the We are offering to sell the Exchangeable Shares and are seeking offers to buy the Exchangeable Shares, only in jurisdictions where suchoffers and sales are permitted. The distribution of this Prospectus Supplement and the accompanying Base Prospectus and the Offering of theExchangeable Shares in certain jurisdictions may be restricted by law. Persons outside the United States who come into possession of this ProspectusSupplement or the accompanying Base Prospectus must inform themselves about and observe any restrictions relating to the Offering and thedistribution of this Prospectus Supplement and the accompanying Base Prospectus outside the United States. This Prospectus Supplement and the Your ability to enforce civil liabilities under the United States federal securities laws may be affected adversely because the Company isor