Renewable energy is going to be big in 2021 Renewable energy is going to be big in 2021
One of the segments that will grow in importance over the next few years is renewable energy. That’s part of the reason why adding TransAlta Renewables (TSX:RNW) to augment your monthly income makes perfect sense.
TransAlta owns and operates an impressive array of wind, solar, hydro, and gas facilities located across Canada, the U.S., and Australia. Collectively, TransAlta’s 44 facilities boast a capacity of 2,537 MW.
TransAlta’s business model closely follows that of its fossil fuel-burning peers. In short, regulated contracts that span decades provide a steady and recurring stream of revenue to the company.
That recurring revenue stream helps fund TransAlta’s juicy dividend, which currently works out to 4.27%. To put that into perspective, a $25,000 investment into TransAlta would provide a monthly income just shy of $90 every month.
To read the full article, go to.:
https://www.fool.ca/2020/12/31/3-monthly-income-stocks-for-2021/