The year 2021 has seen the increased inclination of investors towards green equities. Many investors seem to be looking to exploit the opportunities arising from the global push towards net zero carbon emissions. There was an increase in investment in the stocks of renewable energy, battery materials and the commodities space.
As of October 30, 2021, nearly 105 projects were under construction or due to enter the construction phase in Australia. These projects are expected to add approximately 12,000 MW of new energy capacity and generate thousands of job opportunities.
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Australia has the potential to develop huge solar power capacity as it has the highest solar radiation per square meter of any continent, according to government statistics. In addition, sector reforms to include small solar power producers to connect to the energy grid are expected to play a key role in making solar power a multi-billion dollar market.
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Meridian Energy Limited (ASX: MEZ) is a dual-listed renewable energy producer and distributor. The Company operates a large number of projects in New Zealand and its portfolio includes solar, wind and hydro.
MEZ shares traded at AU$4.52 on December 30, 2021 with a market capitalization of AU$11.99 billion. Stocks that pay dividends are regular and reward their shareholders. For most of 2021, the company’s shares have traded in the range of AU$4-5 per share.
Next on our list is New limited solar energy (ASX: NEW), which operates solar projects in Australia and the United States. NEW has an installed capacity of 772 MW. The Company plans to enter other areas of renewable energy generation, including wind, geothermal, hydro and battery solutions.
NEW shares closed the day at AU$0.82 on December 30, 2021. The company has a market capitalization of AU$264.48 million.
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Genex Power Limited (ASX: GNX) is an ASX-listed renewable energy player. The company recently signed an offtake agreement with Tesla for the latter’s proprietary real-time trading and monitoring platform, Autobidder. The trading platform will be used to operate Genex’s Bouldercombe Battery Project, aiming to maximize revenue each year.
The company’s flagship project, Kidston Clean Energy Hub in Queensland, has solar and hydroelectric power generation capacity. GNX also operates the Jemalong Solar Project in the NSW region.
On December 30, 2021, GNX shares traded at 0.2 Australian dollars, with a market capitalization of 213.98 million Australian dollars.
AGL Energy Limited (ASX: AGL) is a full-service company engaged in the generation and retail of electricity in Australia, using renewable and non-renewable sources. Broken Hill Solar Power Station and Nyngan Solar Power Station in the New South Wales region are the company’s large-scale solar projects.
AGL listed at A$6.16 with a market capitalization of A$4.06 billion as of December 30, 2021. AGL is fairly steady in its dividend payouts.
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Infratil Limited (ASX: IFT) is a diversified energy utility and infrastructure company with business interests in Australia, New Zealand, Europe and the United States.
Infratil, through its partner Longroad Energy Holding LLC, owns and operates solar and wind power generation facilities in the United States.
IFT traded at AU$7.55 with a market capitalization of AU$5.47 billion as of December 30, 2021.
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