7 Renewable Energy Stocks for a Cleaner Future

Renewable energy stocks are delivering for investors again in 2020. Following a stellar showing, the S&P Global Clean Energy Index is higher by almost 43% year-to-date.

The rise of renewables is coming at the expense of traditional fossil fuels. Price action confirms as much as the S&P Energy Select Sector Index is lower by about 40% this year. There are stark realities applying to traditional and renewable energy stocks. In the U.S., a slew of state governments are increasing adoption of green energy sources.

Likewise, as prices decline, more corporations and consumers are embracing solar and wind power. Adding to the pressure on fossil fuels producers and bolstering the case for alternative energy equities is that an array of institutional investors, including college endowments, are saying “no” to coal, gas, and oil exposure. Continue reading “7 Renewable Energy Stocks for a Cleaner Future”

A decade of renewable energy investment, led by solar, tops USD 2.5 trillion

According to the Global Trends in Renewable Energy Investment 2019 report, released ahead of the UN Global Climate Action Summit, this investment is set to have roughly quadrupled renewable energy capacity (excluding large hydro) from 414 GW at the end of 2009 to just over 1,650 GW when the decade closes at the end of this year.

  • The decade of investment (2010-2019) quadruples renewables capacity from 414 GW to about 1,650 GW
  • Solar capacity alone will have risen to more than 26 times the 2009 level — from 25 GW to an estimated 663 GW
  • 2018 capacity investment reached USD 272.9 billion, triple the investment in fossil fuel generation
  • Renewables generated 12.9 per cent of global electricity in 2018, avoiding 2 billion tonnes of carbon dioxide emissions

Solar power will have drawn half — USD 1.3 trillion — of the USD 2.6 trillion in renewable energy capacity investments made over the decade. Solar alone will have grown from 25 GW at the beginning of 2010 to an expected 663 GW by the close of 2019 — enough to produce all the electricity needed each year by about 100 million average homes in the USA.

Continue reading “A decade of renewable energy investment, led by solar, tops USD 2.5 trillion”

Renewable energy breakthrough: Scientists economically extract hydrogen from oil

Renewable green energy could be a step closer after scientists developed an economical method to extract hydrogen (H2) from oil sands.

This method could be used to power hydrogen-powered vehicles, in addition to generating electricity. Hydrogen is regarded as an efficient transport fuel, similar to traditonal fuels such as petrol and diesel, without the associated pollution problems.

The process can extract hydrogen from existing oil sands reservoirs, with large supplies found in Canada and Venezuela.This revolutionary process can be applied to mainstream oil fields, causing them to produce hydrogen instead of oil.

Although hydrogen-powered vehicles are known to be efficient, the high price of extracting hydrogen from oil reserves means the technology has not been economically viable.

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Saudi group to invest $1bn in UK renewable energy sector

Saudi Arabia’s Alfanar Group has announced plans to open a renewable energy investment vehicle in London to push ahead with a $1 billion programme to develop six waste-to-energy plants in the UK.

UK renewable energy

The Saudi conglomerate announced the establishment of its UK-based energy venture Alfanar Energy UK during a visit from Graham Stuart, Britain’s Minister for Investment to the Saudi capital Riyadh.

“Alfanar has been working in the UK market since 2006, and today’s announcement demonstrates their confidence in the UK economy and our world-leading renewable energy sector,” Stuart said during a press event in Riyadh. “Their investment will create new jobs and help support the government’s ambition to hit ‘net zero’ greenhouse gas emissions by 2050.” Continue reading “Saudi group to invest $1bn in UK renewable energy sector”