Brookfield Renewable Corp-A 2026年年度报告和过渡报告

Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period coveredby the annual report: 144,885,110 Class A Exchangeable Subordinate Voting Shares as of December31, 2025 43,661 Class B Multiple Voting Shares as of December31, 2025 Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.YesNo☐ If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section13or 15(d) of the Securities Exchange Act of 1934.YesNo Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)hasbeen subject to such filing requirements for the past 90 days.YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files).YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerginggrowth company. See definitions of “accelerated filer”, “large accelerated filer”, and “emerging growth company” in Rule 12b-2 of theExchange Act (Check one): Large accelerated filer Accelerated filer If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if theregistrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards †provided pursuant to Section 13(a) of the Exchange Act. [ ] † The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to itsAccounting Standards Codification after April 5, 2012. Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness ofits internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered publicaccounting firm that prepared or issued its audit report. If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements. Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing: U.S.GAAP Other If “Other” has been checked in response to the previous question indicate by check mark which financial statement item the registrant haselected to follow.Item17Item18 If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the ExchangeAct).YesNo TABLE OF CONTENTSINTRODUCTION AND USE OF CERTAIN TERMS5FORWARD-LOOKING STATEMENTS13CAUTIONARY STATEMENT REGARDING THE USE OF NON-IFRS MEASURES16PART I18ITEM1.IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS18ITEM2.OFFER STATISTICS AND EXPECTED TIMETABLE18ITEM3.KEY INFORMATION183.A[RESERVED]183.BCAPITALIZATION AND INDEBTEDNESS183.CREASONS FOR THE OFFER AND USE OF PROCEEDS183.DRISK FACTORS18ITEM4.INFORMATION ON THE COMPANY624.AHISTORY AND DEVELOPMENT OF THE COMPANY624.BBUSINESS OVERVIEW654.CORGANIZATIONAL STRUCTURE814.DPROPERTY, PLANT AND EQUIPMENT83ITEM 4A.UNRESOLVED STAFF COMMENTS83ITEM 5.OPERATING AND FINANCIAL REVIEW AND PROSPECTS835.AOPERATING RESULTS835.BLIQUIDITY AND CAPITAL RESOURCES1295.CRESEARCH AND DEVELOPMENT, PATENTS AND LICENSES, ETC.1305.DTREND INFORMATION1305.ECRITICAL ACCOUNTING ESTIMATES130ITEM 6.DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES1306.ADIRECTORS AND SENIOR MANAGEMENT1316.BCOMPENSATION1406.CBOARD PRACTICES1406.DEMPLOYEES1486.ESHARE OWNERSHIP1496.FDISCLOSURE OF A REGISTRANT’S ACTION TO RECOVER ERRONEOUSLY AWARDEDCOMPENSATION149 ITEM 7.MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS1497.AMAJOR SHAREHOLDERS1507.BRELATED PARTY TRANSACTIONS1517.CINTERESTS OF EXPERTS AND COUNSEL232 ITEM 8.FINANCIAL INFORMATION2328.ACONSOLIDATED STATEMENTS AND OTHER FINANCIAL INFORMATION2328.BSIGNIFICANT CHANGES232 ITEM 9.THE OFFER AND LISTING9.AOFFER AND LISTING DETAILS9.BPLAN OF DISTRIBUTION9.CMARKETS9.DSELLING SHAREHOLDERS9.EDILUTION9.FEXPENSES OF THE ISSUE ITEM 16A.AUDIT COMMITTEE FINAN