Artificial intelligence appears to be the wave of the future – assuming it doesn’t go the science fiction route and destroy us first.
That’s because AI requires power – lots of power – and existing generating systems don’t have enough resources to meet the growing demand. That helps explain why Brookfield Renewable Partners LP Management sees far more demand for clean power than there is available projects and expect this dynamic to play out over the course of years,” the report says. “We believe that the company is uniquely positioned to capitalize on this trend due to its development capabilities and access to scale capital.
The agreement includes provisions to increase its scope to deliver additional renewable energy capacity within the U.S. and Europe, and beyond to Asia-Pacific, India, and Latin America. BEP released first quarter results which showed a revenue increase of 8.8 per cent over last year, to just under $1.5-billion. The company posted a net loss attributable to unitholders of $12million , compared to a loss of $32 million in the prior year. Funds from operations were $296 million compared to $273 million in the same quarter of 2023. Note that the company reports in U.S. dollars.