4 Reasons to Invest in Renewable Energy Stocks

The renewable energy industry has been one of the up-and-coming industries for most of this century. Solar and wind grew rapidly to start the century as subsidies grew around the world, but that didn’t lead to a lot of financial success for investors.

In 2021 the industry is starting to stand on its own. Manufacturers have built competitive advantages, companies are differentiating themselves with technology, and financing has matured as well. Given all of the changes in energy over the last 20 years, here are the four biggest reasons I’m bullish on renewable energy stocks. Continue reading “4 Reasons to Invest in Renewable Energy Stocks”

Renewable energy investment hit record highs in first half of 2021

BNEF report estimates nearly $174 billion was invested in renewable energy projects and companies

Global investment in renewable energy projects and companies reached a record high in the first half of 2021, totalling $174 billion (£125bn).

That’s according to the latest Renewable Energy Investment Tracker report from the research company BloombergNEF (BNEF), which suggests the total investment is the highest ever recorded in the first half of any year. Continue reading “Renewable energy investment hit record highs in first half of 2021”

New wave of investors eyes renewable energy firms

 

The growing importance of sustainability-linked funding has driven investors to scout for clean energy opportunities

MUMBAI : Driven by the growing importance of sustainability investing and the large opportunity presented by the Indian market, several new investors, both financial and strategic, have committed capital to renewable energy investments in the country.

Earlier this month, US investment firm Augment Infrastructure said it will buy a majority stake in rooftop solar power producer Mumbai-based CleanMax Enviro Energy Solutions for 1,650 crore, marking its first investment in India. Also in August, Copenhagen Infrastructure Partners, a renewable energy-focused fund manager, announced its first India investment with a commitment of $200 million investment with Amp Energy India. Other investors that have written large cheques in recent months include Thailand’s state-owned utility PTT, Norway’s state-owned investor Norfund and Norway-based renewable energy firm Scatec.

Continue reading “New wave of investors eyes renewable energy firms”

ACCIONA, first 100% renewable energy retailer in Spain

ACCIONA’s Energy division, through its subsidiary ACCIONA Green Energy Developments, was the largest independent 100% renewable energy retailer in Spain in 2020, according to data published by Spain’s National Markets and Competition Commission (CNMC).

ACCIONA supplied its customers with 5,292GWh of certified renewable electricity last year, which represents 10% of the total certified renewable supply in the entire Spanish market, according to the annual report on Guarantees of Origin published by the CNMC. The regulatory body certified the total supply of 53,365GWh of renewable electricity to end customers in the country last year.

ACCIONA is the largest 100% renewable utility in Spain, selling certified electricity to corporate and institutional customers. ACCIONA’s green energy commercialization in Spain is mainly backed by the company’s 5,677MW of installed wind and hydroelectric power assets. Continue reading “ACCIONA, first 100% renewable energy retailer in Spain”

2019 Was a Record Year for U.S. Solar Power

solar panelsThe expansion of solar-powered electricity in the U.S. broke major records last year, accounting for nearly 40% of all new generating capacity. And total installed photovoltaic (PV) power is expected to more than double in the next five years, according to an annual report released today by the Solar Energy Industries Association and Wood Mackenzie, a global energy research and consulting firm. Continue reading “2019 Was a Record Year for U.S. Solar Power”

Wind Energy Leads Germany To Renewable Energy Record In February

wind turbinesFraunhofer ISE maintains detailed records on an hour-by-hour basis of where Germany gets its electricity from. It then makes that information available online on a daily, weekly, monthly, and annual basis in chart form. An alert Twitter user took a look at the data Fraunhofer provided recently for February and noticed something unusual. Germany derived 61% of its electrical energy from renewables last month — the highest ever for the country. Continue reading “Wind Energy Leads Germany To Renewable Energy Record In February”

The Case For Pivoting Into Renewable Energy

Wind energy farmBernard Looney, BP’s new chief executive, wants to cut his company’s greenhouse gas emissions down to zero by 2050. To do that, the world’s sixth-largest energy company is committing itself to massive investment in renewable energy, including wind, solar and biofuels.

The U.K.-based energy provider may be more aggressive than its peers when it comes to plotting a carbon-free future, but it’s certainly not alone. Royal Dutch Shell, Total, Equinor and other traditional fossil fuel producers have also recently been diverting significant amounts of capital to renewable energy. Continue reading “The Case For Pivoting Into Renewable Energy”

Florida approves ‘largest’ community solar project in US

solar energy productionFlorida Power & Light Company (FPL) is set to develop the “largest” community solar project in the US after receiving the go-ahead from state regulators.

FPL’s project will comprise 20 solar plants with a cumulative capacity of 1.49GW. Construction costs are pegged at US$1.752 billion, or US$1,176 per kW.

In a statement, FPL CEO Eric Silagy touted the FPL Solar Together project as the “largest shared solar programme in the country,” with its approval marking “significant forward progress for the solar landscape of not only Florida but the entire United States.”

The development has been backed by solar advocacy groups Vote Solar and the Southern Alliance for Green Energy, as well as by local cities, counties, and prospective corporate customers, 7-Eleven and Walmart. Continue reading “Florida approves ‘largest’ community solar project in US”

Wind Generation Exceeds Hydroelectric in 2019: Stocks in Focus

wind generation from wind turbinePer a latest report by the U.S. Energy Information Administration (EIA), annual electricity generation from wind energy in the nation exceeded hydroelectric generation for the first time in 2019. Impressively, this announcement was in line with EIA’s prediction around middle of last year.

Notably, the ISE Global Wind Energy Index has returned a solid 31.9% in 2019 compared with S&P 500 Index’s 30.3% return. This should encourage investors interested in renewable energy to turn their focus toward wind stocks, in particular. Continue reading “Wind Generation Exceeds Hydroelectric in 2019: Stocks in Focus”

UK solar heavyweights welcome ‘encouraging’ CfD return

solar panelsA collection of the UK’s solar stalwarts have welcomed the government’s consultation on allowing solar and onshore wind back into the Contracts for Difference (CfD) scheme.

Details on the consultation emerged on Tuesday (2 March 2020) before being fully unveiled that evening. The document details proposals to include so-called Pot I technologies into future allocation rounds after they were barred from the scheme after just the first allocation round. Continue reading “UK solar heavyweights welcome ‘encouraging’ CfD return”