Looking for Passive Income? This Renewable Energy Company Is a Great Way to Go
If you are looking for passive income but think that renewable energy companies don't fit the bill, you are mistaken. Utilities focused on renewable energy offer a great way to generate regular dividend income. Among them, Atlantica Sustainable Infrastructure (NASDAQ: AY) is a top option that offers an alluring yield and attractive long-term growth prospects.
Atlantica Sustainable Infrastructure owns over 2 gigawatts of renewable electricity generation assets, roughly 72% of which are solar. Renewable power generation is expected to contribute around 70% of the company's cash available for distribution (CAFD) from 2022 to 2026.
Image source: Atlantica Sustainable Infrastructure.
Source Fool.com
