3 Green Energy Stocks That Pay Dividends
NEE – With rising concerns globally about climate change, and increasing numbers of investors seeking steady income streams, high dividend yielding clean energy stocks, such as NextEra Energy (NEE), Albemarle (ALB) and Atlantica Sustainable Infrastructure (AY), have emerged as investors’ favorites. Moreover, these companies exhibit huge growth potential, making them attractive bets right now. Let’s look closer at them.
Dec 22, 2020
Climate change is a pressing and growing concern globally. Governments are shifting increasingly from fossil fuels to carbon-neutral energy sources. On the domestic front, a Biden-led presidential administration is expected to be beneficial to green energy stocks. The industry is likely to gain momentum under the Green New Deal announced by the President-elect, with its goal of achieving net-zero carbon emissions by 2050.
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December 14, 2020 – Atlantica Sustainable Infrastructure plc (NASDAQ:AY), the sustainable infrastructure company that owns a diversified portfolio of contracted assets in the energy and environment sectors, announced today that it has reached an agreement with a subsidiary of Algonquin Power & Utilities Corp. ( Algonquin ) (NYSE:AQN), a diversified international generation, transmission, and distribution utility with approximately US $11 billion of total assets, to acquire a 20MW solar plant with a 15 year PPA in place in Colombia. The project was developed and is being constructed by AAGES, Algonquin s international joint venture.
The investment is expected to be approximately US $20 million. Closing is expected to occur after the asset reaches commercial operation, which is currently expected in mid-2021. This represents Atlantica s first investment in Colombia, an OECD member country with investment grade rating.