The number of great long-term income opportunities for investors have increased substantially as of late. Many of these companies are still trading at levels above their March lows. In addition, yields are still at historically high levels for blue chip companies that traditionally hold much lower yields.
One great example of such a company is Brookfield Renewable Partners (TSX: BEP.UN). This is a fantastic company with an excellent track record of purchasing stakes in valuable long-term renewable power projects at prices which are now considered to be extremely cheap, given the run up in prices of renewable power projects globally.
As countries and governments everywhere vie for access to renewable power and put in mandates to grow renewable power generation as a percentage of total power, companies like Brookfield Renewable will be able to reap the benefit of better pricing power in early market position in a very desirable sector with great long term growth potential.
The secular growth trend involving environmental, social, and governance (ESG) mandates is only going to accelerate.
This is not only the right thing to do ethically and morally, but most investors believe this is also going to be the only way to do business in the future, with fossil fuels going the way of the cigarette industry (still alive, but barely) as markets shift consumer behavior away from such sector towards sustainable, healthy, environmentally-friendly ways of living.
Invest wisely, my friends.
