These renewables offer growth and income

Article Excerpt

BROOKFIELD RENEWABLE PARTNERS L.P. $39.30 (Toronto symbol BEP.UN; Units outstanding: 296.3 million; Market cap: $11.6 billion; TSINetwork Rating: Extra Risk; Dividend yield: 6.9%; www.brookfieldrenewable.com) has interests in 218 hydroelectric generating stations, 104 wind farms and 544 solar-power facilities. In all, it operates over 17,400 megawatts of generating capacity. In the quarter ended December 31, 2018, cash flow per unit jumped 43.5%, to $0.66 U.S. from $0.46 a year earlier. The gains came from new plants as well as stronger power generation at all of the partnership’s facilities. Since 2012, Brookfield has developed and acquired over $3.5 billion in new operations. That has increased its total capacity from 4,200 megawatts to the current 17,400. The partnership continues to work on several new projects. They include two hydro facilities in Brazil that will generate 49 megawatts, two European wind farms that will deliver another 47 megawatts, and a 63 megawatt storage facility in the U.S. The plan is to spend $75 million U.S. on those five projects. Brookfield’s…