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Brookfield Letter to Unitholders Q3 2021 We continue to advance our goal of establishing Brookfield Renewable as one of the pre - eminent clean energy companies in the world . With approximately 56,000 megawatts of operating and development assets on five continents , diversified across all major renewable technologies , we are on the ground in every major global market , providing our platform the flexibility to move capital across geographies to the opportunities with the best risk - adjusted returns . - Our balance sheet has significant access to capital to invest in the largest and most attractive growth opportunities - with over $ 3 billion of available liquidity , plus access to our sovereign and institutional client capital to enable us to grow . The stability of our business is underpinned by high - quality , inflation - linked contracted cash flows , that are diversified by technology and region across a high - quality customer base , with a weighted - average remaining contract duration of 14 years . Over the last 50 years , there were a handful of global energy supermajors that delivered sustained profitable growth . These businesses were defined by a global presence , operating capabilities , and the scale to execute on the most attractive opportunities around the world . As decarbonization increasingly becomes an objective of the global economy and more and more businesses look to power their operations and products with green electricity , we believe that the next generation of energy supermajors will have similar attributes as those of the past , but with platforms and capabilities focused on clean energy . With our global reach , our operating , development and power marketing capabilities , and our scale , we believe we are uniquely positioned to capture the growing decarbonization opportunity , and we recently increased our annual target for investing equity capital into growth to $ 1-1.2 billion . Throughout our platform , we are consistently executing business plans that not only enhance and de - risk our existing assets , but also create future growth and development opportunities . Accordingly , while the outlook to deploy capital through M & A remains robust , we also benefit from a number of fully financed organic growth projects that are already under construction and contracted . We are fortunate to have operating capabilities to enhance the scale of these ongoing growth opportunities , to further supplement our expansion through acquisitions . As a result , we are well positioned to continue to deliver strong FFO per unit growth over the next five years to support our long - term distribution growth target of 5 % to 9 % annually . While we expect to continue to deploy increasing amounts of capital through acquisitions , we believe that we can achieve the upper end of our growth targets through organic initiatives alone . This comes from inflation escalation in our contracts , margin expansion through revenue growth and cost reduction initiatives , and building out our growing development pipeline , including eight gigawatts of capacity over the next three years , at premium returns . Q3 2021 Letter to Unitholders Brookfield Renewable Partners L.P. 1