2 Stocks Set to Deliver With Renewable Power
A new report says hydroelectric asset valuations are likely to increase as a result of rising clean energy demand. Duke Energy (NYSE: DUK) and Brookfield Renewable Partners (NYSE: BEP) own significant portfolios of hydro assets, so it's time for a look at whether the trend could improve the bottom line for each company.
Hydropower is one of the oldest sources of energy. Most U.S. hydroelectricity is produced by large dams on major rivers that were built before the mid-1970s. And barriers to entry for hydropower projects are much higher than other renewables based on the capital intensive nature of building projects as well as the limited number of water sources.
Despite a limited pipeline of new hydroelectric projects starting up, states including Oregon, Washington, and California recently enacted legislation requiring a percentage of utility generation to be done under contract with hydro resources.
Source Fool.com
