Brookfield Renewable Announces $325 Million Equity Offering

All amounts in Canadian dollars.

Brookfield Renewable Energy Partners L.P. (TSX:BEP.UN)(NYSE:BEP) ("Brookfield
Renewable") announced today that it has agreed to issue 10,250,000 limited
partnership units ("L.P. units"), on a bought deal basis, to a syndicate of
underwriters at a price of $31.70 per L.P. unit (the "Offering Price"), for
gross proceeds of approximately $325 million (the "Offering").


Brookfield Renewable has also granted the underwriters an over-allotment option,
exercisable in whole or in part for a period of 30 days following closing of the
Offering, to purchase up to an additional 1,537,500 L.P. units at the Offering
Price to cover over-allotments, if any. If this option is exercised in full, the
gross Offering size would increase to approximately $374 million. 


Brookfield Renewable intends to use the net proceeds of the Offering to repay
outstanding indebtedness and for general corporate purposes. The Offering is
expected to close on or about June 10, 2014.


This news release shall not constitute an offer of securities for sale in the
United States. The L.P. units offered will not be and have not been registered
under the United States Securities Act of 1933, as amended, and may not be
offered or sold into the United States absent registration or an exemption from
registration. There shall not be any public offering of the L.P. units in the
United States.


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 6,000 megawatts of
installed capacity. Diversified across 71 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. For more information,
please visit www.brookfieldrenewable.com.


CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements and information within the
meaning of Canadian securities laws and "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, "safe harbor"
provisions of the United States Private Securities Litigation Reform Act of 1995
and in any applicable Canadian securities regulations. Forward-looking
statements in this news release include statements regarding the Offering, the
intended use of proceeds therefrom and statements regarding the quality of
Brookfield Renewable's assets and the resiliency of the cash flow they will
generate and the future growth prospects and distribution profile of Brookfield
Renewable. Forward-looking statements can be identified by the use of words such
as "will", "would", "intends", "expected", "positioned" or variations of such
words and phrases. Although Brookfield Renewable believes that such
forward-looking statements and information are based upon reasonable assumptions
and expectations, no assurance is given that such expectations will prove to
have been correct. The reader 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 the actual
results, performance or achievement to differ materially from anticipated future
results, performance or achievement expressed or implied by such forward-looking
statements and information. Factors that could cause actual results of
Brookfield Renewable to differ materially from those contemplated or implied by
the statements in this news release are described in the documents filed by
Brookfield Renewable with the securities regulators in Canada and the United
States including under "Risk Factors" in Brookfield Renewable's most recent
Annual Report on Form 20-F and other risks and factors that are described
therein. Except as required by law, Brookfield Renewable undertakes no
obligation to publicly update or revise any forward-looking statements or
information, whether as a result of new information, future events or otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Investor Contact:
Brookfield Renewable Energy Partners L.P.
Zev Korman
Vice President, Investor and Media Relations
416-359-1955
[e-mail]