The world is shifting to a more environmentally friendly approach, with people looking for solutions such as solar to deal with climate change and decrease carbon footprints. At the end of 2022, the US already had around 3.9 millionphotovoltaic solar power systems.
Brookfield Renewable expects to deliver double-digit annual earnings growth through at least 2028. Its sibling, Brookfield Infrastructure, also expects to deliver double-digit earnings growth in the coming years.
Retirement portfolios are typically all about income and defense. Having inflation protected cash flows and an element of growth is vital. Given the mixture of bond- and equity-like profile, infrastructure is inherently an attractive asset class for retirement portfolios.