Forbes’ Matt Schifrin has listed Brookfield Renewable Energy Partners as one of the companies to invest in for the upcoming year. As the debt crisis continues in Europe and an upcoming presidential election in the US (which typically results in an economic drop), Brookfield represents stability with a low-risk on investment.
The Bermuda-based company is expected to list on the New York Stock Exchange in 2012, owning over $13 billion worth of renewable energy power generation assets in Canada, the US, and Brazil. Schifrin noted that the units pay an annualized distribution of $1.35 to yield about 5%, which is likely to increase to a target rate between 3-5% annually.
He added: “I recommended a companion LP Brookfield Infrastructure Limited Partnership in mid-2011 and it has done very well. The pair make an excellent combination for anyone looking for low-risk, recession-resistant securities with strong cash flow.”
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