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Brookfield Letter to Unitholders Q2 2021 The tailwinds for renewables continue to accelerate as stakeholders around the world increasingly focus on the global imperative to decarbonize , driving increased demand for green energy and other clean solutions . It should come as no surprise that there is both a growing investment opportunity , as well as increasing capital allocations towards the sector . As one of the few businesses with the scale , track record and global capabilities to both partner with governments and businesses and also invest to help them achieve their decarbonization goals , we believe we have a great runway ahead of us . Despite competition , we have continued to earn excellent returns in these market conditions . We have remained focused on opportunities where we can leverage our global reach , operating and development expertise and scale access to capital . And as industry tailwinds accelerate , the number of scale , value - add opportunities that favor investors with our capabilities also increases . Highlights for the quarter include : • • • • • Generated FFO of $ 268 million , or $ 0.42 per unit , a 23 % increase on a normalized per unit basis over the same period in the prior year as our assets continue to perform well with high levels of asset availability , and we benefit from growth from new acquisitions and development assets coming online ; We signed 28 agreements for approximately 800 GWh of renewable generation with corporate off - takers across all major industries . Our momentum with corporate contracting continues to grow and demonstrates our leadership in a rapidly growing industry trend ; Progressed approximately 7,500 megawatts of development projects through construction and advanced stage permitting . We also added approximately 4,000 megawatts to our global development pipeline , which is now approximately 31,000 megawatts ; Invested or agreed to invest approximately $ 1.9 billion ( approximately $ 500 million net to Brookfield Renewable ) of equity across a range of transactions year - to - date ; Our balance sheet remains robust with almost $ 3.3 billion of available liquidity and no meaningful near- term maturities ; and Raised approximately $ 1.3 billion ( over $ 650 million net to Brookfield Renewable ) from asset recycling and strategic upfinancing activities this year . Q2 2021 Letter to Unitholders Brookfield Renewable Partners L.P. 1