Brookfield Renewable (NYSE: BEPC)(NYSE: BEP) continues to benefit from the energy transition toward cleaner power. That catalyst has helped power strong earnings growth for the company, enabling it to continue increasing its dividend. It recently boosted its payout by another 5.5%, marking its 12th straight year of growing its dividend by at least a 5% annual rate.

The leading renewable energy company has plenty of power to continue growing. Here's a look at last year's solid showing and what's ahead for the company.

Brookfield Renewable generated slightly more than $1 billion, or $1.56 per share, of funds from operations (FFO) last year, about 8% higher than in 2021, and benefited from its diversified operations in 2022.

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Source Fool.com