Latest news with #renewableenergy
Globe and Mail
34 minutes ago
- Business
- Globe and Mail
2 No-Brainer, High-Yield Stocks to Buy With $2,000 Right Now
The S&P 500 index (SNPINDEX: ^GSPC) is trading near all-time highs and has a pretty miserly 1.2% or so dividend yield. If you are an income investor, that suggests that you have your work cut out for you right now. But there are great investment options with high yields out there if you take the time to look. Two no-brainer choices today, if you have $2,000 or $20,000 to invest, are Brookfield Renewable (NYSE: BEP)(NYSE: BEPC) and Chevron (NYSE: CVX). Here's what you need to know. Brookfield Renewable is positioned to grow Brookfield Renewable owns a globally diversified portfolio of clean energy assets. On the geographic front, its portfolio spans across North America, South America, Europe, and Asia. On the technology front, the business has exposure to hydroelectric, solar, wind, energy storage, and nuclear power assets. It is as close to a one-stop shop as you can get in the renewable energy space. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » The interesting thing here, however, is that Brookfield Renewable is not a regulated utility. It largely sells its power under long-term contracts to others, including both companies and utilities. This actually gives it a lot of room to grow as the world increasingly shifts from carbon-based fuels toward cleaner alternatives. For example, it recently inked a deal with Microsoft to provide around 10.5 gigawatts of power that the technology giant will use to support its data center build-out. Basically, Brookfield Renewable can grow as it sees fit without having to kowtow to regulators who may put limits on its investment plans. And this brings up another interesting fact: Brookfield Renewable is run by Brookfield Asset Management (NYSE: BAM). Brookfield Asset Management has an over-100-year history of investing in infrastructure on a global scale. And it plans to increase its clean-energy investments, where Brookfield Renewable is a key source of funding, by around 100% by 2030. Buying Brookfield Renewable lets you partner with Brookfield Asset Management on that growth. There are two ways to buy in here. Brookfield Renewable Partners has a 5.6% yield. Brookfield Renewable Corporation has a 4.6% dividend yield. Both represent the exact same entity and have the exact same dividend payment. The yield difference is because demand for the corporate share class is higher, which makes sense given that large institutional investors are often barred from owning partnerships. Either way you go, Brookfield Renewable appears well positioned to expand its business as the world goes green. And you can collect a fat yield that has been regularly increased if you buy in right now. A $2,000 investment will get you 75 shares of the partnership units and 60 shares of the corporate shares. Chevron is out of favor for two reasons Chevron is a globally diversified, integrated energy giant offering an attractive 4.7% dividend yield. The dividend has been increased for an incredible 38 consecutive years. That's incredible because oil and natural gas prices tend to be highly volatile, which means that Chevron's top and bottom lines tend to be volatile, too. However, Chevron has an ace up its sleeve in the form of a strong balance sheet. A low level of leverage allows it to take on debt during industry downturns so it can continue to support its business and dividend. When oil prices recover, as they always have historically, it pays down debt in preparation for the next downturn. In addition to this rock-solid financial foundation, Chevron's diversified business also helps. With investments in energy production (the upstream), energy transportation (the midstream), and energy processing (the downstream), the peaks and valleys of oil prices get muted to some degree. That said, Chevron is out of favor right now, which has led to the lofty yield. Part of the reason for that is generally weak energy prices. Those low prices are impacting the entire energy sector. But Chevron also has some company-specific issues. First, it is attempting to buy Hess, but the process has turned out to be more complicated than hoped. Second, Chevron has investments in Venezuela, a tenuous country in which to invest. Those assets have become a bit of a political football. Neither of these things is good, but they aren't likely to derail Chevron over the long term. The currently high yield is an opportunity for investors who can think long term. You may have to suffer through some near-term lagging performance, but if you buy now, you'll get paid well for waiting around. A $2,000 investment in Chevron will get you around 13 shares. Looking for yield, start with this pair of high yielders With lofty yields, Brookfield Renewable and Chevron should both be attractive to dividend investors. But the real key to the story here is that both have strong businesses to support those dividends. If you think in decades and not days, these two high-yield stocks could be no-brainer additions to your portfolio right now. 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 $659,171!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $891,722!* Now, it's worth noting Stock Advisor 's total average return is995% — a market-crushing outperformance compared to172%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 June 9, 2025
Phone Arena
36 minutes ago
- Business
- Phone Arena
T-Mobile just did something Verizon and AT&T haven't (yet)
In 2023, mobile operators across North America bought 16 terawatt-hours (TWh) of renewable electricity – nearly half of their total usage. But only one matched 100% of its electricity with renewables: T-Mobile . That clean energy push helped T-Mobile slash its operational emissions by 90% between 2019 and 2023. North American operators as a whole cut emissions by 44% during that time, with T-Mobile leading the charge. In fact, North America contributed the biggest share of global net reductions over that period. Sustainability might be the next battleground for US carriers North America contributed the biggest share of global net reductions. | Image credit – GSMA US carriers love to compete – and now, the race is on to be the greenest, too. That kind of rivalry can only be a good thing for the planet. T-Mobile is currently leading on renewables, but AT&T and Verizon are clearly pushing forward as well, which could keep the pressure high. Still, the clock is ticking. Hitting net zero targets won't just require more clean energy – it's going to take faster action across the board. For example, while power sourcing is improving, fleet vehicles remain a major source of emissions – especially in the US. Operators here rely more on cars and trucks than in other regions, making fleet electrification a key area for future gains. I'm all for environmental progress and seeing US carriers take it seriously is a big deal. But whether they can keep up the pace – or even speed it up – is the real question. I mean, with AI now in the mix, the challenge might grow faster than expected. Global data center electricity use jumped 50% between 2019 and 2023, with AI demand being a big driver. That trend is not slowing down. The irony of it all? AI might also be part of the solution. It could help networks manage demand more efficiently – like turning off unused sections in real time. So yeah, we'll see how that plays out. If the momentum sticks, great. If not, these early wins could be short-lived.
Zawya
an hour ago
- Business
- Zawya
Egypt: SCZone lays foundation stone of $200mln solar energy complex in Ain Sokhna
Arab Finance: The General Authority for the Suez Canal Economic Zone (SCZONE) announced the laying of the foundation stone for a $200 million integrated industrial complex for the production of solar energy components in the Ain Sokhna industrial zone, as per a statement. The project is being developed by Chinese firm Sunrev Solar in cooperation with TEDA Egypt, the industrial developer of the zone. Spanning 200,000 square meters, the project will be implemented in two phases. The first phase, valued at $90 million, includes the construction of two factories for producing solar cells and solar modules, each with a capacity of 2 gigawatts. The second phase will add $110 million in investments and focus on localizing the production of essential raw materials, including silicon ingots and wafers, in addition to modules and cells, creating an integrated value chain within Egypt's solar energy sector. The complex is scheduled to begin operations in the first half (H1) of 2026. According to SCZONE, the project is expected to generate over 1,800 direct jobs across both phases, along with thousands of indirect employment opportunities. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Forbes
an hour ago
- Business
- Forbes
Pertamina To Buy 20% Stake In Philippine Tycoon Edgar Saavedra's Renewable Energy Venture For $118 Million
A Citicore Renewable Energy solar farm in Bulacan, north of Manila. PT Pertamina will acquire 20% of tycoon Edgar Saavedra's Citicore Renewable Energy Corp. for 6.7 billion pesos ($118 million), providing the Philippine company with funds for expansion. PT Pertamina Power, a unit of the Indonesian state-owned oil and gas company, has agreed to buy about 2.2 billion new Citicore Renewable shares at 3 pesos each, the Manila-based company said in a Philippine Stock Exchange filing. Pertamina will get a board seat in the company, it said. 'The proceeds from the agreement will contribute to the development of the company's pipeline of renewable energy projects nationwide,' Citicore Renewable Energy said. Citicore Renewable Energy, which Saavedra took public a year ago in a 5.6 billion peso IPO, is among several Philippine companies that are aggressively building capacity in renewables amid the nation's push to clean energy and expectations economic growth will accelerate. Its five-year commitment to deliver 5 gigawatts of solar capacity would cost 180 billion pesos in investments, Saavedra has said. With Pertamina Power as a shareholder, Citicore Renewable Energy said it will have the opportunity to develop renewable energy projects in Indonesia and other parts of Southeast Asia. Pertamina Power, on the one hand, gets access to Citicore Renewable Energy's expertise in project development, as well as engineering, procurement and construction, it said. To comply with the PSE's 20% minimum public float requirement, majority owner Citicore Power will sell 346.3 million shares to the public, according to the stock exchange filing. The sale will reduce Citicore Power's stake in Citicore Renewable Energy to 59.9% from 78.8% and will be done before the transaction with Pertamina Energy is completed, it said. A civil engineer, Saavedra built his wealth on Megawide, a construction and engineering firm that he co-founded. With interests in property development and transportation, Saavedra had a $270 million net worth when Forbes Asia published the list of the Philippines 50 Richest in August.
Zawya
2 hours ago
- Business
- Zawya
Insight: Blockchain can jumpstart regional trade of new energy commodities
As MENA countries ramp up development of renewable energy systems (RES), the Zero Emissions Traders Alliance (ZETA) remains focused on new energy markets. We're committed to markets, which are the living heart of all energy systems. They are needed for new energy systems to take hold and grow Gulf countries have great potential to unlock the power of markets if they unite in regional markets for carbon and for new energy. So we're looking at technical solutions to jumpstart regional trade. Blockchain, specifically, might offer solutions that work in the unique conditions of the Gulf and broader MENA region. Approaching the problem cautiously, we're homing in on pathways that might work. Markets indispensable, technology changeable Markets permit the price discovery required in all commodity sectors. But low carbon commodities are quite different from fossil commodities. They must encompass trade of two things: the new commodities themselves, and the 'green' attributes of those commodities. The latter are conveyed in certificates of various kinds; 'green certificates' that should trade separately from the physical commodities. Our concern is to enable the growth of highly liquid international markets for these instruments, attracting investors and traders across the Gulf countries and the wider MENA region. As we consider the kinds of trading and arbitrage that can occur in new energy commodities, and how to enable risk management to speed up the production of new energy, we're studying technologies that can play a role. Certainly many will look to blockchain solutions to ensure fair, low-cost trading and product integrity. But based upon our experience, we approach blockchain with caution. Its early applications are much too slow to serve energy trading. Yet innovations such as 'stablecoin' may prove important. Let's put the problem in context. An environment of uncertainty An advisor who's been helpful to our thinking is Michael Merz, who spearheaded the software development of EFETnet (now known as Equias) providing peer-to-peer matching of transactions for European electricity and gas; later for carbon and other commodities. Most European OTC trades today are transacted on this widely used software. Michael has wrestled with how to deploy blockchain in energy markets for more than a decade, launching 'Enerchain' which was the only live blockchain project in European energy trading. His lessons learned are informing ZETA members on how the technology might be effectively deployed in the Gulf region. Michael points out that the basic challenge is to facilitate trading of green certificates in a region with little history of it and no trusted international organisation like the EU to make rules. There is a lack of unified regulations, and there's no single authority governing carbon trading, green certificates or anything else. Instead in MENA, like in many regions, countries pursue separate national policies. Within the UAE itself, the seven Emirates are very autonomous in their policies and decision-making. RES certificates from Abu Dhabi are not tradable in Dubai for example. There are certainly strong bonds of trust and good will among MENA countries. But there is also much uncertainty in a decentralised situation where countries' plans and policies often diverge. Can blockchain help? At a roundtable discussion last winter we covered the possibilities and pitfalls of blockchain. What emerged is the idea that blockchain can serve a very basic and important audit function. If there is not an authority trusted by everyone in the region, then trust must be created artificially. This is where blockchain can make sense, as a kind of artificial trust anchor in an environment where trustworthy actors have different priorities and policies creating uncertainty. Traders' audit trail On the technical level, blockchain offers a high degree of protection against various forms of market manipulation including double booking and related concerns. It could usefully serve as a shared transaction log providing an audit trail in the creation of green certificates. For example, an asset owner might register his project and receive green certificates. The platform where he registers his certificates will write a transaction log record into a database. This database would be blockchain shared by all the registries. So different registries might operate in different ways across the vast region, but the audit trail function is standardised, such that an auditor can see what's happened and if double booking has occurred. This basic blockchain service can be leveraged into the actual trading of green certificates. While separate registries may have a shared audit trail, they may also offer a trading platform. Or third parties may offer a trading function independent of the registries. When a trade takes place, some certificates are transferred. The trading platform (whether independent or connected to one of the registries) sends a message to the registry where these certificates are stored. Then a booking takes place which one-to-one reflects the transaction. This booking is again stored in the blockchain, which now serves as audit trail for the initial creation of certificates and for transfers between market participants. A further step would occur when certificates are cancelled, deleted, transferred or retired by the registry. A retirement, for example the use of certificates to offset their owner's emissions, could also be stored in the blockchain. Michael suggests creating one regional registry for more market liquidity. The blockchain could be part of this registry; it doesn't need to be an external audit trail. It would be there to ensure the integrity of the data, and the integrity of the bookings, so that the overall number of certificates remains in one-to-one relation to the actual assets. Of course, we can be somewhat indifferent here because it depends on regulatory requirements, on what is possible and what makes sense in the region. Which blockchain? What's needed is a neutral, decentralised system that enables widespread participation without need of a central regulator. It should be absolutely transparent, without any corporate or other organisation sitting in the center. Such a decentralised platform should feature fast, high volume, low cost transactions. It should be censorship resistant, such that no single authority controls it. Indeed, it should be resistant to political or market manipulation by any industry player. What can provide this? One important entity working on solutions is the Kaspa Industrial Initiative (Kii), which advocates for a decentralised, 'permissionless' system with no central issuing authority. Kii suggests that such a system be governed by something called a 'DAO', a Decentralised Autonomous Organisation. Kii is a non-profit, global project with a decentralised team helping its partners to think about how new energy trading can work in the new environment of digital assets ('kaspa' is an ancient Aramean word meaning silver). Kii anticipates trillions of capital inflow into digital assets in the near future and believes much of this can flow into the energy and utilities sectors in a shift to decentralised green finance. It's looking at global interoperability for new trading platforms made highly secure and verifiable with blockchain. Kii, like ZETA, wants to start in the Gulf region, with its reach to enormous markets in Asia and Africa. But new trading platforms should be interoperable according to standards that ZETA wants to create, because our commitment is to creating the best possible standards for trading. To enable this, Kii is developing a 'stablecoin' called Gigawatt-coin (GWC), a zero-emission energy stablecoin. It will be a new financial instrument, a digital currency instrument separate from the US dollar or traditional currencies but backed by a basket of assets. These would be a combination of currencies, but also carbon credits and potentially even tokenised energy assets. Potentially, this GWC could be used by the energy industry globally without being subject to any form of political manipulation. The whole idea is to bridge digital finance and energy markets using the GWC as a settlement instrument. It should be noted that GWC is not a digital commodity with no issuer; it will require that a separate organisation be established to issue it. This will allow the value of the GWC to remain stable over very long periods of time in terms of years. Such is the kind of system that we're currently working on. ZETA will work with Kii and other partners to design a pilot project in the GCC region. And as always, our commitment will be to a regional approach, encompassing carbon markets and new energy commodities for the future. (The author is CEO of UAE-based Zero Emissions Traders Alliance (ZETA). Any opinions expressed in this article are the author's own) Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.
