Latest news with #BrookfieldRenewable
Reuters
a day ago
- Business
- Reuters
Brookfield Renewable to invest up to $1 billion in Isagen
July 18 (Reuters) - Brookfield Renewable (BEPC.N), opens new tab said on Friday it will invest up to $1 billion to increase its stake in Colombian energy company Isagen S.A to about 38%. As a part of the deal, Qatar Investment Authority (QIA), an existing co-investor in Isagen, will also invest about $500 million and increase its equity interest in Isagen to about 15%. The investment will be funded through a combination of proceeds from non-recourse financings at the business and available liquidity, Brookfield said. Isagen generates stable and contracted cash flows from its large fleet of hydro assets. In addition, it also has a pipeline of renewable power projects, to support Colombia's growing power needs.
Yahoo
a day ago
- Business
- Yahoo
Brookfield Renewable to Increase Stake in a Strategic Portfolio of Hydro Assets
Brookfield Renewable will invest up to $1 billion and increase its equity interest in Isagen to approximately 38% As part of this transaction, QIA, an existing co-investor in Isagen, will invest approximately $500 million and increase its equity interest in Isagen to approximately 15% BROOKFIELD, News, July 18, 2025 (GLOBE NEWSWIRE) -- Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEPC) ('Brookfield Renewable') today has announced that it will invest up to $1 billion to increase its equity interest to approximately 38% in Isagen S.A. E.S.P. ('Isagen'). Isagen generates stable and contracted cash flows from its large fleet of hydro assets. The business owns and operates an essential asset base, enhancing the reliability of Colombia's power grid. In addition, Isagen also has a pipeline of renewable power projects, which we are well equipped to develop and bring into production to support Colombia's growing power needs. This transaction re-affirms Brookfield Renewable's commitment to Colombia and will result in Brookfield Renewable's ownership interest in Isagen increasing to approximately 38%, growing the proportion of our cash flows from our hydro portfolio, an increasingly strategic part of our business given its scale, dispatchability, and baseload characteristics. The transaction is expected to be immediately accretive to Brookfield Renewable's FFO per unit and is anticipated to be approximately 2% accretive to 2026 FFO per unit, on the back of strong cash flow visibility with ~70% of the platform's generation contracted for an average of eight years. The investment will be funded through a combination of proceeds from non-recourse financings at the business and available liquidity. The transaction is expected to close in the third quarter. As part of this transaction, Qatar Investment Authority ('QIA'), an existing co-investor in Isagen, will invest approximately $500 million and increase its equity interest in Isagen to approximately 15%. This investment aligns with QIA's commitment to invest in companies that support the global transition to a low-carbon future. Brookfield Renewable Brookfield Renewable operates one of the world's largest publicly traded platforms for renewable power and sustainable solutions. Our renewable power portfolio consists of hydroelectric, wind, utility-scale solar and storage facilities and our sustainable solutions assets include our investment in a leading global nuclear services business and a portfolio of investments in carbon capture and storage capacity, agricultural renewable natural gas, materials recycling and eFuels manufacturing capacity, among others. Investors can access the portfolio either through Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: a Bermuda-based limited partnership, or Brookfield Renewable Corporation (NYSE, TSX: BEPC), a Canadian corporation. Brookfield Renewable is the flagship listed renewable power and transition company of Brookfield Asset Management, a leading global alternative asset manager headquartered in New York, with over $1 trillion of assets under management. Contact information: Media: Investors: Simon Maine Alex Jackson +44 7398 909 278 +1 (416) 649-8172 This news release contains forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Forward-looking statements can be identified by the use of words such as 'will', 'expected', 'intend', 'potential', 'can' or variations of such words and phrases. Forward-looking statements in this news release include statements regarding the parties' future expectations, beliefs, plans, objectives, financial condition, assumptions or future events or performance. 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, including the ability of the parties to realize the expected benefits of the transaction, which may cause the actual results, performance or achievements of Brookfield Renewable to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information. Except as required by law, Brookfield Renewable does not undertake any obligation to publicly update or revise any forward-looking statements or information, whether written or oral, whether as a result of new information, future events or in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
3 High-Yield Stocks With Triple (or More!) the Yield of the S&P 500 Index
Enbridge's yield is 4.5 times larger than the S&P 500's yield, and it has increased its dividend for three decades. Plains All American Pipeline pays a prodigious distribution that should continue growing in the future. Brookfield Renewable yields 4.6% and is targeting annual dividend growth of at least 5%. 10 stocks we like better than Brookfield Renewable › The dividend yield on the S&P 500 (SNPINDEX: ^GSPC) is approaching a record low. It's currently around 1.2%, near its low point hit in 2000. Because of that, most stocks don't offer appealing income streams these days. However, there are some compelling income opportunities available. Enbridge (NYSE: ENB), Plains All American Pipeline (NASDAQ: PAA), and Brookfield Renewable (NYSE: BEPC)(NYSE: BEP) currently stand out to a few contributing analysts for their payouts, which are several times higher than the broader market index. Here's why income-focused investors should consider these higher-yielding dividend stocks. Reuben Gregg Brewer (Enbridge): Three decades' worth of dividend increases back Enbridge's lofty 6% dividend yield. That's a pretty enticing story right there, given the paltry 1.2% yield on offer from the S&P 500, but it isn't the whole story. Enbridge just so happens to be one of the most reliable midstream stocks you can buy, though even that doesn't complete the tale. The core of Enbridge's business is its oil and natural gas pipeline network. It charges customers fees for the use of its assets, which generates consistent cash flows regardless of the price of the commodities flowing through the company's system. So, it is actually a reliable energy stock, yet so much more than that, too. One of Enbridge's key goals is to provide the world with the energy it needs. Which is why the company has been shifting away from oil and toward cleaner fuels like natural gas and renewable power. So, atop the pipeline foundation, it has also built a regulated natural gas utility business and a solar and wind power operation. All while maintaining an investment-grade-rated balance sheet and keeping its distribution well within its target range of 60% to 70% of distributable cash flows. All in, Enbridge is trying to make sure that it can pay you a fat dividend right now and well into the future. Put it all together, and this 6% yielding midstream giant could be the dream stock you've been looking to add to your dividend portfolio. Matt DiLallo (Plains All American Pipeline): Plains All American Pipeline currently has a dividend yield of more than 8%. That's nearly 7 times higher than the S&P 500's yield. While a high dividend yield can be a warning sign that the company has a high risk profile, that's not the case with Plains All American Pipeline. The master limited partnership (MLP) generates very stable cash flow. Currently, 80% of its income comes from predictable fee-for-service agreements. That will improve to 85% once the company closes the sale of its Canadian natural gas liquids (NGL) assets. That transaction will not only improve the durability of its cash flows but also enhance its financial flexibility. Plains All American Pipeline expects to generate about $3 billion in proceeds following the sale. It plans to use that money to maintain its strong balance sheet, make disciplined bolt-on acquisitions, and complete opportunistic repurchases. Putting that capital to work will help grow the company's cash flow per unit, enhancing its ability to distribute cash to investors. Plains All American plans to grow its dividend by approximately 10% annually until it reaches its targeted dividend payout ratio of 160% (it expects this ratio to be around 175% this year). It can increase its distribution alongside its growing cash flow once it reaches its targeted payout percentage. The company's high-yielding and sustainable payout makes it an excellent option for investors seeking an above-average passive income stream. While Plains All American is an MLP that sends its investors a Schedule K-1 Federal Tax Form each year, investors can also invest in its general partner (Plains GP Holdings), which pays a similarly high dividend rate without the potential tax complications (it sends a 1099-DIV). Neha Chamaria (Brookfield Renewable): Plenty of dividend stocks offer at least triple the S&P 500 index yield. But the most rewarding dividend stocks are also often the ones that back their yields with robust cash flows and grow their dividend payouts consistently over time. Brookfield Renewable is one such compelling dividend stock for income investors. Shares of Brookfield Renewable yield 4.6%, and the stock has increased its dividend every year since its formation in 2011, with its funds from operations (FFO) comfortably covering its dividend payout throughout that time. Over time, Brookfield Renewable's assets have grown by leaps and bounds -- the company is one of the largest publicly traded renewable energy players in the world today, with over 35 gigawatts of operational capacity and an even bigger pipeline spanning hydropower, solar energy, wind energy, and distributed energy and storage. With more economies switching from fossil fuels to cleaner sources of energy and global megatrends like digitalization and data centers driving demand for power, Brookfield Renewable has massive growth catalysts ahead. The renewable energy giant plans to invest $8 billion to $9 billion over the next five years and is confident of generating total annual returns of 12% to 15% for its shareholders. That includes a targeted 5% to 9% annual increase in dividends. Combining that dividend growth with the 4.5%-plus yield makes Brookfield Renewable one of the top high-yield dividend stocks to buy and hold. Before you buy stock in Brookfield Renewable, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Brookfield Renewable wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $671,477!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,010,880!* Now, it's worth noting Stock Advisor's total average return is 1,047% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 14, 2025 Matt DiLallo has positions in Brookfield Renewable, Brookfield Renewable Partners, and Enbridge. Neha Chamaria has no position in any of the stocks mentioned. Reuben Gregg Brewer has positions in Brookfield Renewable Partners and Enbridge. The Motley Fool has positions in and recommends Enbridge. The Motley Fool recommends Brookfield Renewable and Brookfield Renewable Partners. The Motley Fool has a disclosure policy. 3 High-Yield Stocks With Triple (or More!) the Yield of the S&P 500 Index was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Market Online
5 days ago
- Business
- The Market Online
Brookfield and Google sign world's largest clean energy deal
Brookfield Asset Management (TSX:BAM), alongside subsidiary Brookfield Renewable (TSX:BEPC), are partnering with Alphabet's (NASDAQ:GOOG) Google to provide up to 3,000 megawatts (MW) of carbon-free hydroelectric capacity across the United States The partnership represents the largest corporate clean power deal in history Initial contracts alone will see Brookfield Renewable deliver 670 MW valued at US$3 billion over the next 20 years Brookfield Asset Management (TSX:BAM), alongside subsidiary Brookfield Renewable (TSX:BEPC), are partnering with Alphabet's (NASDAQ:GOOG) Google to provide up to 3,000 megawatts (MW) of carbon-free hydroelectric capacity across the United States. This content has been prepared as part of a partnership with Brookfield Asset Management Ltd., Brookfield Renewable Corp. and Alphabet Inc., and is intended for informational purposes only. According to Tuesday's news release, the partnership represents the largest corporate clean power deal in history, with 670 MW valued at US$3 billion in initial contracts to be delivered by Brookfield's Holtwood and Safe Harbor hydroelectric facilities in Pennsylvania over the next 20 years. Under the agreement, the energy will support Google's operations in the mid-Atlantic (PJM) and mid-continent (MISO) markets, with eyes on strategic expansion opportunities across the country. Both companies consider the partnership a win-win, as Brookfield Renewable sees a tailwind in providing clean energy to the rapidly growing tech sector, while Google sees value in powering its services with exclusively carbon-free energy, a milestone it intends to meet by 2030. Leadership insights 'At Google, we're dedicated to responsibly growing the digital infrastructure that powers daily life for people, communities and businesses,' Amanda Peterson Corio, head of data center energy at Google, said in a statement. 'This collaboration with Brookfield is a significant step forward, ensuring clean energy supply in the PJM region where we operate. Hydropower is a proven, low-cost technology, offering dependable, homegrown, carbon-free electricity that creates jobs and builds a stronger grid for all.' 'Our partnership with Google demonstrates the critical role that hydropower can play in helping hyperscale customers meet their energy goals,' added Connor Teskey, president of Brookfield Asset Management. 'Delivering power at scale and from a range of sources will be required to meet the growing electricity demands from digitalization and artificial intelligence.' About Brookfield Asset Management Brookfield Asset Management is a top global alternative asset manager with over US$1 trillion in assets under management. Brookfield operates Brookfield Renewable Partners, one of the largest publicly traded platforms for renewable power and sustainable solutions. Brookfield Asset Management stock (TSX:BAM) is down by 0.69 per cent trading at C$77.55 as of 11:16 am ET. The stock has added 37.28 per cent year-over-year and by 81.57 per cent since 2020. Brookfield Renewable stock (TSX:BEPC) is up by 3.83 per cent trading at C$47.41 as of 11:24 am ET. The stock is up by 15.04 per cent year-over-year and by 24.79 per cent since 2020. Join the discussion: Find out what everybody's saying about these large-cap stocks on the Brookfield Asset Management Ltd., Brookfield Renewable Corp. and Alphabet Inc. Bullboards and check out the rest of Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
Globe and Mail
5 days ago
- Business
- Globe and Mail
3 High-Yield Stocks With Triple (or More!) the Yield of the S&P 500 Index
Key Points Enbridge's yield is 4.5 times larger than the S&P 500's yield, and it has increased its dividend for three decades. Plains All American Pipeline pays a prodigious distribution that should continue growing in the future. Brookfield Renewable yields 4.6% and is targeting annual dividend growth of at least 5%. 10 stocks we like better than Brookfield Renewable › The dividend yield on the S&P 500 (SNPINDEX: ^GSPC) is approaching a record low. It's currently around 1.2%, near its low point hit in 2000. Because of that, most stocks don't offer appealing income streams these days. However, there are some compelling income opportunities available. Enbridge (NYSE: ENB), Plains All American Pipeline (NASDAQ: PAA), and Brookfield Renewable (NYSE: BEPC)(NYSE: BEP) currently stand out to a few contributing analysts for their payouts, which are several times higher than the broader market index. Here's why income-focused investors should consider these higher-yielding dividend stocks. Enbridge is built to pay you well today and tomorrow Reuben Gregg Brewer (Enbridge): Three decades' worth of dividend increases back Enbridge's lofty 6% dividend yield. That's a pretty enticing story right there, given the paltry 1.2% yield on offer from the S&P 500, but it isn't the whole story. Enbridge just so happens to be one of the most reliable midstream stocks you can buy, though even that doesn't complete the tale. The core of Enbridge's business is its oil and natural gas pipeline network. It charges customers fees for the use of its assets, which generates consistent cash flows regardless of the price of the commodities flowing through the company's system. So, it is actually a reliable energy stock, yet so much more than that, too. One of Enbridge's key goals is to provide the world with the energy it needs. Which is why the company has been shifting away from oil and toward cleaner fuels like natural gas and renewable power. So, atop the pipeline foundation, it has also built a regulated natural gas utility business and a solar and wind power operation. All while maintaining an investment-grade-rated balance sheet and keeping its distribution well within its target range of 60% to 70% of distributable cash flows. All in, Enbridge is trying to make sure that it can pay you a fat dividend right now and well into the future. Put it all together, and this 6% yielding midstream giant could be the dream stock you've been looking to add to your dividend portfolio. A prodigious (and growing) passive income stream Matt DiLallo (Plains All American Pipeline): Plains All American Pipeline currently has a dividend yield of more than 8%. That's nearly 7 times higher than the S&P 500's yield. While a high dividend yield can be a warning sign that the company has a high risk profile, that's not the case with Plains All American Pipeline. The master limited partnership (MLP) generates very stable cash flow. Currently, 80% of its income comes from predictable fee-for-service agreements. That will improve to 85% once the company closes the sale of its Canadian natural gas liquids (NGL) assets. That transaction will not only improve the durability of its cash flows but also enhance its financial flexibility. Plains All American Pipeline expects to generate about $3 billion in proceeds following the sale. It plans to use that money to maintain its strong balance sheet, make disciplined bolt-on acquisitions, and complete opportunistic repurchases. Putting that capital to work will help grow the company's cash flow per unit, enhancing its ability to distribute cash to investors. Plains All American plans to grow its dividend by approximately 10% annually until it reaches its targeted dividend payout ratio of 160% (it expects this ratio to be around 175% this year). It can increase its distribution alongside its growing cash flow once it reaches its targeted payout percentage. The company's high-yielding and sustainable payout makes it an excellent option for investors seeking an above-average passive income stream. While Plains All American is an MLP that sends its investors a Schedule K-1 Federal Tax Form each year, investors can also invest in its general partner (Plains GP Holdings), which pays a similarly high dividend rate without the potential tax complications (it sends a 1099-DIV). A powerful payout Neha Chamaria (Brookfield Renewable): Plenty of dividend stocks offer at least triple the S&P 500 index yield. But the most rewarding dividend stocks are also often the ones that back their yields with robust cash flows and grow their dividend payouts consistently over time. Brookfield Renewable is one such compelling dividend stock for income investors. Shares of Brookfield Renewable yield 4.6%, and the stock has increased its dividend every year since its formation in 2011, with its funds from operations (FFO) comfortably covering its dividend payout throughout that time. Over time, Brookfield Renewable's assets have grown by leaps and bounds -- the company is one of the largest publicly traded renewable energy players in the world today, with over 35 gigawatts of operational capacity and an even bigger pipeline spanning hydropower, solar energy, wind energy, and distributed energy and storage. With more economies switching from fossil fuels to cleaner sources of energy and global megatrends like digitalization and data centers driving demand for power, Brookfield Renewable has massive growth catalysts ahead. The renewable energy giant plans to invest $8 billion to $9 billion over the next five years and is confident of generating total annual returns of 12% to 15% for its shareholders. That includes a targeted 5% to 9% annual increase in dividends. Combining that dividend growth with the 4.5%-plus yield makes Brookfield Renewable one of the top high-yield dividend stocks to buy and hold. Should you invest $1,000 in Brookfield Renewable right now? Before you buy stock in Brookfield Renewable, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Brookfield Renewable wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $671,477!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,010,880!* Now, it's worth noting Stock Advisor 's total average return is1,047% — a market-crushing outperformance compared to180%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 14, 2025
