Brookfield Renewable (NYSE: BEP)(NYSE: BEPC) does exactly what you might suspect from its name: It invests in renewable power assets. From this perspective, it is simple to understand. But things get more complicated from there. Here's what you need to know about this fairly complex entity before you buy it.

Taking a very big picture view, Brookfield Renewable is a way for Brookfield Asset Management (NYSE: BAM) to raise capital. Brookfield Asset Management is a large Canadian Asset manager with a long history of investing in infrastructure assets on a global scale. It runs Brookfield Renewable's day-to-day operations. Brookfield Renewable often invests alongside Brookfield Asset Management, taking a percentage of Brookfield Asset Management's private investments in clean energy projects.

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Source Fool.com