It’s in little doubt that the year 2020 was a year filled with lots of experiences in all spheres of life, even in the field of Energy. While 2020 has marked significant downturns in many industries, in the power sector, it has brought with it appreciable levels of success in clean energy. It was recorded that production of green energy bettered that of coal-fire, while it also was the cheapest form of energy option, giving lots of reasons for investors to invest. ESG Investment funds are known to be a major catalyst for such growth in green energy, declaring energy a stable investment asset for the future. The future of green energy is fast rising, investors are placing their funds in this market to gain appreciable returns from its rise in a few years from now.
The first criteria that energy renewable is that it must have its source origin from nature only, which can be replenished with ease. Another factor is that, green energies do not produce any greenhouse gases that deter mother Earth’s atmospheric covering, these two factors make energy renewable. This power is not an invention or new scientific research, it has been existing ever since humans learned how to cook with firewood, use the wind to fly, or power up factories with water. In absence of subsidies, this source of energy is the least expensive to purchase or invest in because nature is responsible for its reimbursements.
A report was earlier released in May that PV solar panel tech, onshore, and offshore wind markets had a major decline 10 years back. Telling us that replacing carbons in the power sector is feasible in a few months, an advantage is that it is not expensive to achieve. Fossil fuels will lose their place to these energy sources, this is already observant by their constant rise in the last two years. It’s protected that by 2030 if the market is well conserved, significant growth of more than thirty-five percent will be achievable. This has open doors for investors worldwide to key into the project and cash out big time in ten to fifteen years from now.
In ascending order, the top five to invest in coming months are Emission boosters which are also known as emerging boosters. Next, is Geothermal energy which refers to heat energy stored in underground thermal reservoirs, harvested to heat generator turbines to create electricity. The most common is Solar power harvested from the Sun, stored in reserves for generating electricity for homes, factories, or industries. Hydropower comes in second place ahead of solar, as it’s abundant during the day and night, it consists of dams or other water bodies used to generate electric supply. Wind is number one on our list because of how cheap it is, it’s a force that’s still yet to be tamed and harnessed.