Mr. Mitch Davidson reports

TERRAFORM POWER NAMES MARK NOYES AS CEO

TerraForm Power has named Mark Noyes as chief executive officer and president to further the company's strategy across existing and new opportunities for growth.

Mr. Noyes brings with him over 30 years of experience in the energy sector and joins TerraForm Power from RWE Clean Energy's leadership team where he was the chief executive officer. Under his leadership, RWE Clean Energy grew significantly through both development and acquisition, ending 2023 with 10,000 megawatts of operating assets and a 30,000-megawatt pipeline. Prior to his role at RWE Clean Energy, Mr. Noyes was the CEO of another large renewable energy company where he was instrumental in the start-up and growth of the company's development platform and operating business, and in expanding the business into new markets and technologies. Before it was ultimately acquired, the business grew to 4,000 megawatts of operating assets and a 10,000-megawatt pipeline, generating significant value for shareholders.

Mitch Davidson, Brookfield managing partner, renewable power and transition, said: "We are pleased to welcome Mark to TerraForm Power. He is a proven leader with over thirty years of experience in the energy industry and we look forward to the wealth of knowledge he will bring to TerraForm Power as it continues to expand its renewables footprint."

Mark Noyes, CEO of TerraForm Power, said: "It is an exciting time to join TerraForm Power, backed by Brookfield's world class renewable and transition business. I look forward to continuing to develop TerraForm Power's strategy, to scale the business in line with the terrific opportunities available in the U.S. market, and to work with TerraForm Power's leadership and world-class, highly dedicated team."

About TerraForm Power Operating LLC

TerraForm Power is a leading renewable energy developer, builder and operator with a 4,100-megawatt portfolio of contracted solar and wind assets located primarily in North America and Western Europe. The company's scale portfolio of high-quality, diversified assets generates significant organic cash flow, and supports repowering, co-location and hybridization opportunities within its broad existing footprint, as well as greenfield development. TerraForm Power has a high-quality, approximately 3,000-megawatt pipeline of renewable energy development projects in its core markets, where the platform has strong development and operating capabilities. The company is a controlled affiliate of Brookfield.

About Brookfield Asset Management Ltd.

Brookfield Asset Management is a leading global alternative asset manager with approximately $1-trillion of assets under management across renewable power and transition, infrastructure, private equity, real estate, and credit. Brookfield Asset Management invests client capital for the long term with a focus on real assets and essential service businesses that form the backbone of the global economy. Brookfield Asset Management offers a range of alternative investment products to investors around the world -- including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies, and private wealth investors.