Brookfield Renewable Renews Normal Course Issuer Bid

BROOKFIELD, NEWS--(Marketwired - Dec. 21, 2016) -

All amounts in US dollars unless otherwise indicated

Brookfield Renewable Partners L.P. (TSX:BEP.UN)(NYSE:BEP) ("Brookfield Renewable") today announced that the Toronto Stock Exchange (the "TSX") accepted a notice filed by Brookfield Renewable of its intention to renew its normal course issuer bid. Brookfield Renewable believes that in the event that its limited partnership units ("Units") trade in a price range that does not fully reflect their intrinsic value, the acquisition of Units may represent an attractive use of available funds.

Brookfield Renewable is authorized to repurchase up to 8.3 million Units, representing approximately 5% of the issued and outstanding Units. At the close of business on December 15, 2016, there were 166,752,453 Units issued and outstanding. Under the normal course issuer bid, Brookfield Renewable may purchase up to 53,839 Units on the TSX during any trading day, which represents 25% of the average daily trading volume of 215,357 Units on the TSX for the six months ended November 30, 2016, calculated in accordance with the rules of the TSX. Repurchases are authorized to commence on December 29, 2016 and will terminate on December 28, 2017, or earlier should Brookfield Renewable complete its repurchases prior to such date.

Under its current normal course issuer bid that commenced on December 29, 2015 and expires on December 28, 2016, Brookfield Renewable made no repurchases.

All purchases will be made through the facilities of the TSX, the NYSE and/or Canadian and U.S. alternative trading systems, if eligible, and all Units acquired under the normal course issuer bid will be cancelled. Repurchases will be subject to compliance with applicable United States federal securities laws, including Rule 10b-18 under the United States Securities Exchange Act of 1934, as amended, as well as applicable Canadian securities laws.

From time to time, when Brookfield Renewable does not possess material non-public information about itself or its securities, it may enter into automatic purchase plans with its broker to allow for the purchase of Units at times when Brookfield Renewable ordinarily would not be active in the market due to its own internal trading blackout periods and insider trading rules. Any such plans entered into with Brookfield Renewable's broker will be adopted in accordance with applicable Canadian and U.S. securities laws including the requirements of Rule 10b5-1 under the United States Securities Exchange Act of 1934, as amended.