Gazifère Logo (CNW Group/Evolugen)
GATINEAU, QC, Dec. 15, 2020 /CNW Telbec/ - Evolugen, the Canadian operating business of Brookfield Renewable, and Gazifère Inc., an Enbridge company, today announced their collaboration in advancing the development and use of green hydrogen production in the Outaouais region. The parties intend to pool their expertise over the next several years to develop a green hydrogen-based, low-carbon energy ecosystem in Quebec and other parts of Canada.
This collaboration brings together two leading organizations in the energy sector, with Evolugen operating one of the largest renewable power portfolios in the country, while Gazifère is one of two distributors of natural gas in Quebec.
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As tech stocks hogged the limelight in 2020, the impressive performance of renewable energy stocks went largely unnoticed. The extensive focus on the reduction of carbon emissions is leading to increased adoption of renewable energy, which is driving the stocks of the pure-play renewable energy companies higher. Moreover, significant planned capital investment into renewables should further support the uptrend.
Besides the appreciation in stock price, renewable energy companies are known for their robust dividend payouts, thanks to their diversified asset base and highly contracted business.
With the growing contribution of renewables in the global energy demand, the outlook for companies operating in this space looks strong. So, let’s focus on two top renewable energy stocks that could continue to deliver strong returns and deliver higher dividends in the coming years.
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