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Renewable energy stocks continue to deliver stellar returns, thanks to the growing adoption and rising demand. I see tremendous opportunity in renewable energy stocks, as secular industry trends, favourable policies, significant capital investments, and focus on decarbonization globally presents a solid underpinning for growth.
Besides stock price appreciation, renewable energy companies pay solid dividends, thanks to their ability to generate predictable cash flows. So, if you plan to buy top renewable energy stocks, consider investing in these three Canadian gems.
Brookfield Renewable Partners
Speaking of pure-play renewable energy stocks, consider buying the shares of
Brookfield Renewable Partners (TSX:BEP.UN)(NYSE:BEP). With over 19,000 megawatts of generating capacity and 23,000 megawatts development pipeline, Brookfield Renewable Partners owns diversified renewable energy assets. Further, the company generates resil
April 19, 2021
Maine’s history is, quite literally, embedded in the landscape. Riverbanks are dotted with mills, and over 1,000 dams fill the rivers that once powered the industrial hearts of many towns. Environmentalists and agencies determined to remove dams and “restore” rivers must contend with communities who often have a very different idea of what restoration looks like.
Of the 107 dams that continue to generate hydroelectric power, there are four that ostensibly stand between a critically endangered population of Atlantic salmon and a vital spawning ground on the Sandy River, a tributary off the Kennebec River.
While Atlantic salmon off the coast of Canada and Europe persist, Maine’s distinct population segment (DPS) of the species is listed as endangered under the Endangered Species Act due to damming of its spawning habitat, pollution and commercial overfishing into the mid-20th century. According to the National Oceanic and Atmospheric Administration (NOAA),
An Atlantic salmon in an exhibit at the Maritime Aquarium in Norwalk, Connecticut.
Earlier this month, state regulators backed off a proposed plan for managing the Kennebec River, whose cool upstream waters conservationists see as critical for the recovery of endangered Atlantic salmon.
The plan included recommendations that the river s four hydroelectric dams be taken down a move the dam s owners and other stakeholders say could wreak economic havoc.
As the state begins a new stakeholder process, some are looking to successful dam removal efforts elsewhere in Maine that have restored historic sea-run fish populations and even encouraged new economic activity. But prospects of a similar outcome for the Kennebec are murky at best.
Author Bio
Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years. When he isn’t writing, he is usually out for a run, or relaxing to the music of the Grateful Dead.
What happened
Shares of
Brookfield Renewable Partners (NYSE:BEP) (NYSE:BEPC) dropped as much as 5% Monday, and remained down over 4% as of 3:25 p.m. EDT. Several names in the renewable energy sector were in the red today, but there was also some news regarding Brookfield Renewable s assets.
NextEra Energy Partners to buy four wind assets from Brookfield: Reuters pehub.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pehub.com Daily Mail and Mail on Sunday newspapers.