Canada has lengthy been an vitality powerhouse, with Alberta main the way in which within the oil and gasoline sector. Nonetheless, Canada has been proving to be an vitality powerhouse in one other method as nicely: by way of clear vitality options. Our giant swaths of land and coasts provide countless alternatives to get in on clear vitality manufacturing. And a few corporations are already main the cost. So right now, let’s take a look at these three Canadian clear vitality shares providing up countless energy to your portfolio.

BEP

First up, we’ve Brookfield Renewable Companions LP (TSX:BEP.UN), a number one operator that scales throughout important applied sciences. The clear vitality inventory holds a big, diversified platform by way of hydro, wind, photo voltaic, batteries and even publicity to nuclear companies.

Its companies have led to large partnerships. These embrace offering hydro to Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL), delivering as much as 3,000 megawatts, and 10,500 megawatts to Microsoft (NASDAQ:MSFT). These are long-dated industrial contracts as nicely, offering predictable money circulate and credit score high quality. What’s extra? They’re the one partnerships like this, providing immense recurring income for traders.

Even amidst this development and recurring income, the clear vitality inventory has confirmed repeatedly to be a shareholder’s dream. It reported document funds from operations at $371 million within the quarter, with $4.7 billion in liquidity. All whereas offering a strong dividend yield at 5.6% at writing.

BLX

Subsequent up, we’ve Boralex (TSX:BLX), a powerful Canadian onshore and storage improvement pipeline operator. It delivers onshore wind, utility-scale photo voltaic, and battery storage throughout Canada. These tasks have turn into strategically necessary as nicely, offering provincial reliability.

But it’s not solely working in Canada anymore. The clear vitality inventory not too long ago signed new contracts in New York for 450 megawatts of photo voltaic. It has additionally signed contracts increasing its North American and European footprints, thereby balancing out useful resource variability and worth publicity. All whereas it expands by way of new tasks, closing $250 million in company financing.

But once more, BLX inventory nonetheless presents worth. The inventory has an extremely low beta of 0.11, and a strong 2.4% dividend yield. Plus, shares are under 52-week highs, providing traders a good time to get in on a rebound on this clear vitality inventory.

NPI

Lastly, we’ve Northland Energy (TSX:NPI) for the really dividend-focused investor. NPI inventory is an offshore wind developer and operator with large tasks. These embrace the Hai Lengthy 1 gigawatt mission and Baltic Energy’s 1.1 gigawatt mission, in addition to its turbine set up underway. These tasks place NPI as a world offshore participant, with offshore wind delivering large-scale low-carbon vitality.

Nonetheless, NPI is just not solely about offshore energy. The clear energy producer enhances it with onshore renewables, storage, and even pure gasoline as a transitional alternative. It’s additionally energetic in key markets like Taiwan, the Baltic, and throughout Europe. All whereas it operates at dwelling, with a 20-year capability contract with Ontario at its Oneida mission.

But as talked about, it’s a dividend supplier meting out month-to-month earnings, presently at a yield of just about 5% at writing, whereas additionally buying and selling at a low 0.57 beta. Whereas shares are close to the excessive finish of this inventory’s 52-week vary, it goes to indicate simply how highly effective this dividend inventory may be.

Backside line

Taken collectively, these usually are not similar clear vitality performs. BEP offers scale with companies backing the foremost inventory. BLX is a powerful home play, with NPI supporting offshore wind. Collectively, they supply a various clear vitality options portfolio for traders wanting in on renewable vitality, together with the money that goes with it.