Climate change risk makes it costlier for oil and companies to operate.
On a brighter note, a rapidly changing climate is creating numerous opportunities in sectors such as clean energy, water treatment and We acquired a scarce platform which we know well and remains well-positioned to continue to deliver returns within or above our target range. Based on our acquisition price for the remaining 50%, which we expect will deliver mid-to-high teen returns, our initial investment has generated an IRR of almost 30% and over two times invested capital in our three years of ownership,BEP is one of the few renewable energy companies that pay a dividend, with the yield currently at 4.5%.
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