Want to invest in renewable energy? Stock up on stocks.

By Steve Dinnen

If you want to jump into the renewable energy sector, you can always buy your way in with a stock. They’re easy in, easy out.

NextEra Energy Partners LP (ticker: NEP; current price: $59.06) is a $12 billion company in Florida that operates 6.5 gigawatts of wind power and 1.4 gigawatts of solar power. It pays a healthy 5.2% dividend. (NextEra Partners is controlled by utility giant NextEra Energy Inc., whose Florida Power & Light unit was a pioneer in developing wind farms in Northwest Iowa.)

Another player in this sector is Atlantica Sustainable Infrastructure PLC (AY; $25.70), a British firm with both wind and solar farms spread across the United States, Canada, Algeria and Spain. Additionally, Northland Power Inc. (NPIFF; $22.23) of Toronto specializes in generating wind power both on and off shore in Canada and Europe, and ReNew Energy (RNW; $5.385) operates in India.

A number of other exchange-traded funds, or ETFs, also support renewable energy. Among them are the iShares Global Clean Energy ETF (ICLN; $18.875), Invesco Global Clean Energy ETF (PBD; $18.44), and Global X Renewable Energy Producers (RNRG; $12.17).

Most of these investments pay dividends, but the ETFs also have ongoing expenses. All offer liquidity that is unavailable with a direct investment. And of course, all are at risk.

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