The energy industry is in the midst of an enormous transition. The global economy is slowly weaning off fossil fuels and switching to cleaner alternative energy sources to prevent the worst effects of climate change. The transition could affect the ability of fossil fuel-focused energy companies to maintain and grow their dividends.

However, the decarbonization trend represents a massive opportunity for companies focused on that pursuit. Few companies are in a better position to capitalize on this megatrend than Brookfield Renewable (NYSE: BEPC)(NYSE: BEP). It operates a globally diversified portfolio of renewable energy and transition assets that generate steady cash flow backed by long-term contracts. That gives it the funds to pay an attractive dividend while expanding its operations at a healthy pace. Those features make it stand out as one of the best options in the energy sector for those seeking a sustainable passive income stream.

Brookfield Renewable has an excellent dividend growth track record. The renewable energy company delivered its 11th consecutive annual dividend increase of at least 5% earlier this year. 

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Source Fool.com