Brookfield Renewable Partners (BEP -2.62%) operates one of the largest global renewable energy platforms. As a subsidiary of the global alternative asset manager Brookfield Asset Management, Brookfield Renewable operates more than 7,000 renewable energy generation facilities across North and South America, Europe, and Asia.
With almost 50 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, with more than 85 GW of planned projects.
The company signed a deal with Google's parent company, Alphabet (GOOG -0.85%)(GOOGL -0.83%), in July 2025 to sell 3 GW of hydroelectricity to the tech giant, which 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 -2.14%) 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 4.3% in mid-2026 with its growth potential suggests this renewable energy dividend stock could produce total percentage returns in the mid-teens in the years ahead.
2. Clearway Energy