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Investing in Renewable Energy: From Fad to Genuine Opportunity

It wasn’t long ago that the idea of investing in renewable energy stocks was simply the domain of ESG funds, and not for anyone who was just trying to maximize their profit potential. Over the past decade or so, however, advances in innovative technologies have created a shift toward more environmentally friendly business practices.

According to the EIA (Energy Information Administration), the primary sources of power generation in the U.S. for 2020 was natural gas (40%), coal (19%), nuclear (20%) and renewables (20%). Breaking that last section down even further, renewable energy sources were listed as wind (8.4%), hydroelectric (7.3%), solar (2.3%), biomass (1.4%) and geothermal (0.4%).

Globally, the estimated value of the clean energy market was around $882 billion as of 2020. By 2030, the projected value is roughly double at $1,978 billion with a CAGR of 8.4%. For investors, this means that there are now more opportunities for profit in the green energy industry than ever before.

Be sure to check out our ESG Channel to learn more.

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