Brookfield Renewable Commences Public Offering

Brookfield Renewable Commences Public Offering 
HAMILTON, BERMUDA -- (Marketwired) -- 06/18/13 -- Brookfield
Renewable Energy Partners L.P. (TSX:BEP.UN)(NYSE:BEP) ("Brookfield
Renewable") announced today that it has commenced a public offering
of limited partnership units ("L.P. units") in the United States.
Brookfield Renewable expects that, concurrent with any offering of
L.P. units in the U.S., it will also offer L.P. units in Canada under
a prospectus supplement to its base shelf prospectus. 
Brookfield Renewable expects to offer 12,178,785 L.P. units in the
offering. Barclays Capital Inc., Deutsche Bank Securities Inc., CIBC
World Markets Inc. and Scotia Capital Inc. are the joint book-running
managers. The offering is being co-managed by Citigroup Global
Markets Inc., Credit Suisse Securities (Canada) Inc., HSBC Securities
(USA) Inc., RBC Dominion Securities Inc. and TD Securities Inc.
Brookfield Renewable has granted the underwriters an option to
purchase up to 1,826,818 additional L.P. units to cover
over-allotments, if any.  
A registration statement relating to these securities has been filed
with the U.S. Securities and Exchange Commission (the "SEC") but has
not yet become effective. These securities may not be sold, nor may
offers to buy be accepted, prior to the time the registration
statement becomes effective. This press release does not constitute
an offer to sell or a solicitation of an offer to buy these
securities, nor will there be any sale of these securities in any
state or jurisdiction in which such an offer, solicitation or sale
would be unlawful prior to the registration or qualification of these
securities under the securities laws of such state or jurisdiction.
The securities referred to herein have not been and will not be
registered under the applicable securities laws of any jurisdiction
outside of the United States of America and the provinces and
territories of Canada. 
Copies of the preliminary prospectus relating to the proposed
offering may be obtained from Brookfield Renewable Energy Partners,
c/o Investor Relations, 181 Bay Street, Suite 300, Toronto, Ontario,
M5J 2T3, telephone (416) 359-1955; Barclays Capital Inc. c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
New York, New York 11717, telephone: (888) 603-5847, or by emailing; Deutsche Bank Securities Inc.,
Attention: Prospectus Department, 60 Wall Street, New York, New York
10005-2836, telephone: (800) 503-4611, or by emailing; CIBC World Markets Corp., 425 Lexington
Avenue, 5th Floor, New York, New York 10007, facsimile: (212)
667-6303, or by emailing; or Scotia Capital
Inc., 1 Liberty Plaza, 25th Floor, 165 Broadway, New York, New York
10006, telephone: (212) 225-6853. The registration statement may be
accessed directly through the SEC website at  
Brookfield Renewable Energy Partners (TSX:BEP.UN)(NYSE:BEP) operates
one of the largest publicly-traded, pure-play renewable power
platforms globally. Its portfolio is primarily hydroelectric and
totals approximately 5,900 megawatts of installed capacity.
Diversified across 70 river systems and 12 power markets in the
United States, Canada and Brazil, the portfolio's output is sold
predominantly under long-term contracts and generates enough
electricity from renewable resources to power more than three million
homes on average each year. With a portfolio of high-quality assets
and strong growth prospects, the business is positioned to generate
stable, long-term cash flows supporting regular and growing cash
distributions to shareholders. 
Cautionary Statement Regarding Forward-Looking Information 
This news release contains forward-looking statements and information
within the meaning of Canadian securities laws and other
"forward-looking statements" within the meaning of Section 27A of the
U.S. Securities Act of 1933, as amended, Section 21E of the U.S.
Securities Exchange Act of 1934, as amended, and the United States
Private Securities Litigation Reform Act of 1995 concerning the
business and operations of Brookfield Renewable. Forward-looking
statements may include estimates, plans, expectations, opinions,
forecasts, projections, guidance or other statements that are not
statements of fact. Forward-looking statements can be identified by
the use of words such as "expects", "look forward", and "will bring",
or variations of such words and phrases, or statements that certain
actions, events or results "may", "could", "would", "might" or "will"
be taken, occur or be achieved. Although we believe that our
anticipated future results, performance or achievements expressed or
implied by the forward-looking statements and information in this
news release are based upon reasonable assumptions and expectations,
we cannot assure you that such expectations will prove to have been
correct. You should not place undue reliance on forward-looking
statements and information as such statements and information involve
known and unknown risks, uncertainties and other factors which may
cause our actual results, performance or achievements to differ
materially from anticipated future results, performance or
achievement expressed or implied by such forward-looking statements
and information. While we anticipate that subsequent events and
developments may cause our views to change, we disclaim any
obligation to update the forward-looking statements, other than as
required by applicable law. For further information on these known
and unknown risks, please see "Risk Factors" included in our Annual
Information Form and our Registration Statement on Form 20-F.
Brookfield Renewable Energy Partners L.P.
Zev Korman
Vice President, Investor Relations
(416) 359-1955
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