This Renewable Energy Giant Continues to Bet Big on Solar Power
Brookfield Renewable (NYSE: BEP)(NYSE: BEPC) is one of the world's leading renewable energy companies. It currently owns 19.3 gigawatts (GW) of capacity, which is enough to power 5 million homes for a year. Hydroelectric is the company's largest contributor, at 7.9 GW of its generating capacity and 64% of its cash flow.
However, while hydro is Brookfield's biggest moneymaker today, it envisions a solar-powered future. It took another step toward that ambitious goal by recently agreeing to acquire the solar energy business of utility Exelon (NASDAQ: EXC).
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Source Fool.com
