Holding Subsidiary was Brookfield Renewable’s largest revenue line in fiscal 2025, bringing in $1.68B of $3.72B (45%).
| Subsidiaries [axis] | FY 2018 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Total | $3.24B | $3.29B | — | — | |||
| Holding Subsidiary | — | — | $1.84B | $1.68B | |||
| Isagen | — | — | $1.49B | $1.29B | |||
| Brookfield Infrastructure Fund Ii | $324.00M | $187.00M | $197.00M | $168.00M | |||
| U.S Hydroelectric Portfolio | — | $158.00M | $124.00M | $118.00M | |||
| The Catalyst Group | $131.00M | $102.00M | $129.00M | $138.00M | |||
| Brookfield Infrastructure Fund Iv | — | — | $181.00M | $208.00M | |||
| Brookfield Americas Infrastructure Fund | — | $51.00M | $4.00M | — | |||
| Brookfield Infrastructure Fund Iii | $80.00M | $65.00M | $75.00M | $79.00M | |||
| Brookfield Infrastructure Fund V | — | $45.00M | $53.00M | — | |||
| Other | $10.00M | $59.00M | $79.00M | $38.00M | |||
| Total | $3.78B | $3.96B | $4.17B | $3.72B |
Brookfield Renewable brought in $3.72B from its eight revenue lines in fiscal 2025, the year ended December 31, 2025. Brookfield Renewable regrouped these revenue lines after fiscal 2024, so the total does not compare directly with that year's $4.17B. Holding Subsidiary was the largest at $1.68B (45.1%), ahead of Isagen at $1.29B (34.8%) and Brookfield Infrastructure Fund Iv at $208.00M (5.6%). The other five revenue lines brought in $541.00M combined.
Compared with fiscal 2024, Brookfield Infrastructure Fund Iv grew fastest, up 14.9% to $208.00M, while Brookfield Infrastructure Fund Ii fell the most, down 14.7% to $168.00M.
Brookfield Renewable began breaking out Holding Subsidiary in fiscal 2024, Isagen in fiscal 2024 and U.S Hydroelectric Portfolio in fiscal 2023. Brookfield Renewable stopped reporting Total ($3.29B in fiscal 2023), Brookfield Infrastructure Fund V ($53.00M in fiscal 2024) and Brookfield Americas Infrastructure Fund ($4.00M in fiscal 2024) as separate revenue lines.
Hydroelectric was Brookfield Renewable’s largest segment in fiscal 2025, bringing in $2.49B of $3.76B (66%).
| Segments [axis] | FY 2018 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Hydroelectric | $2.31B | $2.51B | $2.62B | $2.49B | |||
| Wind | $647.00M | $761.00M | $893.00M | $151.00M | |||
| Utility-Scale Solar | $567.00M | $632.00M | $238.00M | $846.00M | |||
| Solar | — | — | — | — | |||
| Distributed Energy Sustainable Solutions | $146.00M | $125.00M | $333.00M | $270.00M | |||
| Energy Transition | — | — | — | — | |||
| Total | $3.67B | $4.02B | $4.08B | $3.76B |
Brookfield Renewable brought in $3.76B from its four segments in fiscal 2025, the year ended December 31, 2025. That was down 8.0% from $4.08B in fiscal 2024. Hydroelectric was the largest at $2.49B (66.3%), ahead of Utility-Scale Solar at $846.00M (22.5%) and Distributed Energy Sustainable Solutions at $270.00M (7.2%). The remaining segment, Wind, brought in $151.00M.
Compared with fiscal 2024, Utility-Scale Solar grew fastest, up 255.5% to $846.00M, while Wind fell the most, down 83.1% to $151.00M. From fiscal 2022 to 2025, combined revenue from these segments grew from $3.67B to $3.76B, a compound annual growth rate of 0.8%. Hydroelectric's share of the total rose from 62.9% to 66.3%.
Non-Controlling Interests was Brookfield Renewable’s largest revenue line in fiscal 2025, bringing in $2.22B of $3.25B (68%).
| Components of equity [axis] | FY 2018 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Non-Controlling Interests | $2.25B | $2.36B | $2.44B | $2.22B | |||
| Attributable To The Partnership | $1.10B | $1.21B | $1.19B | $1.30B | |||
| Contribution From Equity-Accounted Investments | -$55.00M | -$47.00M | -$67.00M | -$266.00M | |||
| Total | $3.29B | $3.53B | $3.56B | $3.25B |
Brookfield Renewable brought in $3.25B from its three revenue lines in fiscal 2025, the year ended December 31, 2025. That is less than the $3.76B it reports by segments [axis], so these revenue lines do not cover all of its revenue. Non-Controlling Interests was the largest at $2.22B (68.3%), ahead of Attributable To The Partnership at $1.30B (39.9%).
Compared with fiscal 2024, Attributable To The Partnership grew 9.0% to $1.30B, while Non-Controlling Interests fell 9.0% to $2.22B.
The total is net of Contribution From Equity-Accounted Investments, which took $266.00M off revenue in fiscal 2025.
Brookfield Renewable (BEPC) reports its revenue by subsidiaries [axis], by segments [axis] and by components of equity [axis]. In fiscal 2025, Holding Subsidiary was its largest revenue line, bringing in $1.68B (45.1% of the total), followed by Isagen at $1.29B (34.8%).
Holding Subsidiary was Brookfield Renewable's largest revenue line in fiscal 2025, bringing in $1.68B, or 45.1% of the $3.72B total across its eight revenue lines.
Hydroelectric was Brookfield Renewable's largest segment in fiscal 2025, bringing in $2.49B, or 66.3% of the $3.76B total across its four segments.
Among Brookfield Renewable's segments that make up at least 2% of revenue, Utility-Scale Solar grew fastest in fiscal 2025, up 255.5% from $238.00M to $846.00M.
Every figure comes from Brookfield Renewable's annual financial filings, as reported. Each line keeps the name Brookfield Renewable gives it, and years follow its fiscal calendar.
Brookfield Renewable's revenue by subsidiaries [axis] goes back to fiscal 2018, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.