The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Robert Hope - Scotiabank Global Banking and Markets, Research Division - Analyst
: I wanted to start on the collaboration agreement with Amazon. How does that kind of come into effect? And can you put some goalposts around
technologies, geographies, costs that could eventually fall under this agreement as well as the timeline?
Question: Robert Hope - Scotiabank Global Banking and Markets, Research Division - Analyst
: All right. And then maybe as a follow-up question in terms of kind of global opportunities. The transition fund that just was announced, how do
you think it will interact with BEP? Could we see it take a 25% interest in the majority of capital there?
Question: Nelson Ng - RBC Capital Markets, Research Division - Analyst
: Great. In your -- in the commentary, I think you said Brazil hydrology was pretty weak. I noticed that Q2 hydrology was actually strong and -- so
just going forward, do you expect weak hydrology for the rest of the year in Brazil? And I guess the question is, would the additional profit on the
uncontracted generation make up for the lower generation?
Question: Nelson Ng - RBC Capital Markets, Research Division - Analyst
: Okay. Got it. And then can you just provide a bit more color on your ability to essentially pull your contracts from the government and then recontract
it in the market? Is there a lot of other -- is this for very specific assets? Or can you do that for additional assets going forward?
Question: Nelson Ng - RBC Capital Markets, Research Division - Analyst
: So those same assets would be contracted in the following year? It's just for 2022, right?
Question: Nelson Ng - RBC Capital Markets, Research Division - Analyst
: Okay. And then just one last question before I get back in the queue. On the repowering side, Connor, you mentioned that there are a lot of
opportunities out there. You're obviously working on Shepherds Flat. I think you have a project in New York and California, I believe. Is the main
focus on repowering in the U.S. given the available tax credits? Or are there other geographies that you're focused on right now?
Question: Benjamin Pham - BMO Capital Markets Equity Research - Analyst
: What's the overwhelming demand for the energy transition fund and it sounds like, to your comments, that there's great alignment between you
guys and the fund. Do you think maybe now just with that evidence or with that data you're seeing that you look at the next 10 years, are you --
Brookfield Renewable, are you perhaps more and more an energy transition company versus a pure-play, balanced renewable company?
Question: Benjamin Pham - BMO Capital Markets Equity Research - Analyst
: Okay. That's great. And then maybe a macro question on Brazil, maybe to close off some of the questions that (inaudible) has mentioned the --
your disclosures about a shaping generation. Is that just in relation to the assured generation you're pulling forward, some generation early and
then letting it balance in the second half, you still get your -- pretty much your fixed payment from the government?
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