As the global focus shifts towards sustainable and clean energy sources, investing in renewable energy stocks is becoming more attractive. This is especially true for Australia, where there is an abundance of renewable resources and a growing commitment to reduce carbon emissions. In this blog post, we will explore some of the best renewable energy stocks on the Australian Stock Exchange (ASX) in 2022. These stocks span across various sectors such as solar, wind, and hydroelectric power, making them suitable for investors with diverse interests.
1. Infigen Energy (ASX: IFN)
Infigen Energy is a leading Australian renewable energy company that operates a diverse portfolio of wind and solar assets. With a total capacity of over 1.7 gigawatts, Infigen Energy’s projects are spread across Australia and the United States. The company is known for its strong focus on operational excellence and has a proven track record of delivering on its financial and operational goals. Infigen Energy’s stock has performed well in recent years, making it an attractive option for investors looking for exposure to the renewable energy sector.
2. Tilt Renewables (ASX: TLT)
Tilt Renewables is a renewable energy company that develops, owns, and operates wind and solar projects in Australia and New Zealand. The company has a strong development pipeline with several projects under construction and in the planning stage. Tilt Renewables’ commitment to growth and focus on delivering sustainable returns for its shareholders make it an appealing choice for investors seeking to invest in the renewable energy space.
3. Meridian Energy (ASX: MEZ)
Meridian Energy is a New Zealand-based renewable energy company that generates electricity primarily from hydroelectric and wind resources. It is one of the largest electricity generators in Australia and New Zealand, with a generation capacity of over 3.2 gigawatts. Meridian Energy has shown consistent financial performance and offers an attractive dividend yield, making it an ideal candidate for investors looking for a stable renewable energy stock.
4. Genex Power (ASX: GNX)
Genex Power is an Australian renewable energy company focused on the development of solar, wind, and hydro energy projects. The company’s flagship project is the Kidston Renewable Energy Hub, which consists of a large-scale solar farm, a wind farm, and a hydro energy storage project. Genex Power’s unique approach to integrating renewable energy sources and its focus on energy storage make it a promising option for investors interested in the renewable energy sector.
5. New Energy Solar (ASX: NEW)
New Energy Solar is an investment company that focuses on acquiring, developing, and operating large-scale solar energy projects in Australia and the United States. With a total capacity of over 1.3 gigawatts, the company’s portfolio comprises high-quality solar projects with strong cash flow generation. New Energy Solar’s focus on the rapidly growing solar sector and its commitment to delivering sustainable income to its investors make it an attractive renewable energy stock to watch in 2022.
Investing in renewable energy stocks is a smart way to participate in the global shift towards a more sustainable energy future. The companies listed above represent some of the best opportunities in the renewable energy sector on the ASX. However, it is important for investors to perform their own research and due diligence before making any investment decisions. As with any investment, there is a risk involved, and past performance does not guarantee future success.