Work

Equity investment portfolio in renewable energy companies to influence the UN's 2030 agenda

Year: 2024

Type: article

Abstract: Companies need more and more financing, in particular energy companies can be a good instrument to generate a higher return by investing in their shares and to collaborate so that these companies have income from the purchase of their shares. In this work 5 companies related to the topic of renewable energies were considered, these are: Iberdrola, Gamesa, Vestas, General Electric (GE), and Brookfield Renewable Partners L.P. (BEP), this portfolio will be analyzed following the Markowitz model. The results yield a weighting in the distribution of money when invested in this way: 55% to Iberdrola shares, 20% to Gamesa, 2% to Vestas, 0% to GE, and 23% to BEP. It was found that the stocks with the highest risk are Vestas, and the lowest risk are Iberdrola. These results could motivate investment in this type of companies and the result would be to have more economically sound companies and thus meet the Sustainable Development Goals of the United Nations (UN).

Source: Journal International Economy

DOI: 10.35429/jiec.2024.8.14.4.5

Authors: Quetzalcóatl Hernández-Escobedo, Ernesto Raúl Rodríguez-García, Felipe Mendoza-González, Fernando Rueda-Martínez

Institutions: Universidad Nacional Autónoma de México, Universidad Veracruzana

Language: English

Topic: Sustainable Finance and Green Bonds

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Affordable and clean energy, Industry, innovation and infrastructure, Climate action

Open Access status: diamond

Funder: Universidad Veracruzana