With more than 40 gigawatts (GW) of electricity generation capacity, the company is already a global leader in hydroelectric power and is expanding its assets in wind, solar, and energy storage technologies. It's worth noting that primary revenue drivers like hydro, nuclear, and battery storage weren't affected by U.S. legislation that curbed subsidies for wind and solar power.
Brookfield also has an extensive advanced-stage pipeline of projects under development that could add more than 200,000 megawatts of solar, hydro, wind, and battery storage to its generation capacity.
The company signed a deal with Google parent Alphabet (GOOG -2.49%)(GOOGL -2.30%) in July 2025 to sell 3 GW of hydro to the tech giant in what it called "the world's largest corporate clean power deal for hydroelectricity." It also announced an $80 billion deal in October 2025 with the U.S. government and Cameco (CCJ -0.79%) to expand the nation's electrical generation capacity with its Westinghouse nuclear reactors.
Brookfield Renewable expects to continue acquiring renewable energy assets and platforms. The company is financially well positioned to continue its expansion, with a conservative dividend payout ratio and an investment-grade balance sheet.
Combining Brookfield's attractive dividend yield of almost 5% with its growth potential suggests this renewable energy dividend stock could produce total percentage returns in the mid-teens in the years ahead.