NextEra Energy Partners (NYSE: NEP) is coming off the most challenging year in its history. The clean energy infrastructure operator lost nearly 60% of its value last year, pushing its dividend yield into the double digits. The company battled balance sheet and growth concerns, forcing it to launch a new strategy to shore up its financial profile while continuing to grow.

The renewable energy producer has already made solid progress on its plan. However, it still has a lot of work to do. Because of that, questions remain about the long-term sustainability of its high-yielding dividend.

Surging interest rates and a slumping stock price forced NextEra Energy Partners to pivot from its original strategy. The clean energy infrastructure company had planned to increase its dividend at a 12% to 15% annual rate through 2026. It aimed to power that growth by using low-cost funding to acquire income-producing renewable energy assets from its parent, NextEra Energy, and third parties.

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Source Fool.com