BEP - Brookfield Renewable Partners L.P. Limited Partnership Units (BEP) Q1 2025 Earnings Call Transcript
2025-05-02 12:13:24 ET
Brookfield Renewable Partners L.P. Limited Partnership Units (BEP)
Q1 2025 Earnings Conference Call
May 02, 2025, 09:00 AM ET
Company Participants
Connor Teskey - Chief Executive Officer
Hannah Labuschagne - Head of Global Procurement
Patrick Taylor - Managing Partner and Chief Financial Officer
Conference Call Participants
Nelson Ng - RBC Capital Markets
Sean Steuart - TD Cowen
Robert Hope - Scotiabank
Mark Jarvi - CIBC
Christine Cho - Barclays
Benjamin Pham - BMO
Presentation
Operator
Good day, and thank you for standing by. Welcome to the Brookfield Renewable First Quarter 2025 Results Conference Call and Webcast. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.
I'd now like to hand the conference over to your speaker today, Connor Teskey, Chief Executive Officer. Please go ahead.
Connor Teskey
Thank you, operator. Good morning, everyone, and thank you for joining us for our first quarter 2025 conference call. Before we begin, we would like to remind you that a copy of our news release, investor supplement and letter to unitholders can be found on our website. We also want to remind you that we may make forward-looking statements on this call. These statements are subject to known and unknown risks and our future results may differ materially. For more information, you are encouraged to review our regulatory filings available on SEDAR, EDGAR, and on our website.
On today's call, we will provide a review of our first quarter performance and then Hannah Labuschagne, our Global Head of Procurement will speak to the resiliency of our business and how we are well equipped to navigate the current dynamics of the global supply chain and continue to deliver on our target returns in an evolving environment. Then Patrick will conclude our remarks by discussing our operating results and financial position. Following our comments, we look forward to taking your questions.
In light of recently announced tariffs on goods and the resulting volatility in the market, we want to start by discussing the current environment for the energy sector and how renewables fit into the significant demand for energy globally, as well as how we are placed to extend our leadership position in a rapidly changing landscape.
First and foremost, the most important driver for our business continues to be the fundamentals for energy, which remain very strong today with digitalization and reindustrialization driving accelerating demand that far outpaces supply. We believe that the pace of energy demand growth, the need for baseload power and adequate backup will require an any and all solution to build out the grid. This includes renewables, natural gas, batteries and nuclear technologies to name a few.
And despite tariffs and the potential impacts on the renewable sector, renewable technologies, particularly onshore wind, solar and batteries represent a critical part of the solution to meet the insatiable demand for energy given their low-cost position, their ability to be deployed quickly in almost any region around the world, their mature supply chain and the fact that they do not depend on imported fuel....
Brookfield Renewable Partners L.P. Limited Partnership Units (BEP) Q1 2025 Earnings Call Transcript