Brookfield Renewable Partners LP Q3 2020 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Nelson Ng - RBC Capital Markets, Research Division - Analyst : Great. And Connor, again, congratulations on your new role. Just a quick follow-up on Mark's question in terms of the Indian loans. So is it fair to say that like at least a portion of that debt is distressed to some degree, and you're looking to potentially own some of the underlying assets? Or take a stake in some of those companies that you've made the loans to? Is that a fair statement?

Question: Nelson Ng - RBC Capital Markets, Research Division - Analyst : Okay. That makes sense. And then just in terms of the Polenergia privatization. I'm not sure whether I'm seeing it right, but is the offer price not really as much of a premium to the current share price? Or does the current share price already reflects -- or like does it already reflect a privatization in the price? Can you just give a bit of color in terms of the process?

Question: Nelson Ng - RBC Capital Markets, Research Division - Analyst : Okay. And then just one last question. You mentioned the sale of 47 megawatts of wind in Ireland. I'm not sure if the reports I'm seeing are correct, but is there an ongoing process in Ireland to divest additional assets there?

Question: Benjamin Pham - BMO Capital Markets Equity Research - Analyst : I wanted to pick your brain on a couple of long-term trends. I know you've been pretty good with that in the past, you mentioned some of the more positive trends in solar on a last call. So my question really is, I'm curious, how do you see the counterparties for renewable power assets changing or transitioning over time? You mentioned some of the corporate PPAs that you're engaging in. And then in turn, how do you kind of think about contract duration? You see our state, 10 years from now we're going to be at 15 years for the industry or some different number? And then to that, like where do you see the spot prices going as well?

Question: Benjamin Pham - BMO Capital Markets Equity Research - Analyst : All right. That's great. I just want to ask Wyatt just quickly, the next, the 12 months through 2021, you talked about refinancing in more recently. Can you quantify the refinancing opportunity you see if any and also the up-financing opportunity as well? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. NOVEMBER 04, 2020 / 2:00PM, BEP_u.TO - Q3 2020 Brookfield Renewable Partners LP Earnings Call

Question: Robert Hope - Scotiabank Global Banking and Markets, Research Division - Analyst : Congratulations on the new appointment. Two long-term questions here. Just when you take a look at the potential for offshore and Brookfield, how do you think this will play out? Do you want to get a sense of how the technology and the permitting process will work here before you expanded out to potential other jurisdictions? Or do you think you have an understanding of all the nuts and bolts so far that if the opportunity does arrive with a good contracting structure, you could move forward in other jurisdictions?

Question: Robert Hope - Scotiabank Global Banking and Markets, Research Division - Analyst : Okay. Perfect. And then maybe a little bit broader and a little bit longer term with some of the changes within the Brookfield infrastructure -- Brookfield organization, including kind of the bringing on of Mr. Carney, longer term, could you see BEP not only invest into like BIP 4 or BIP 5 but other specialized ESG funds or specialized renewable funds longer term? And how are we on that path currently?