Investing money in renewable energy is great for the future in more than one way. You are securing your future financially and securing the planet from climate change effects.

GANGNAM-GU, South Korea - July 19, 2023 - PRLog -- By 2050, about half of global energy production is expected to come from renewable sources such as wind, solar power, hydrogen and other sources. That shift requires huge amounts of energy investment. Big corporations like Shell have already spent about $2bn since 2016 on investing in renewable energy. Institutional investors such as major pension funds are also putting vast amounts of money into the sector.

Is renewable energy a good investment?

The world needs more green energy to replace fossil fuels as an energy source. And strong demand tends to make a good case for energy investments such as wind and solar power. However, there are other factors that determine whether backing renewable investments is the right decision. These include the health of the economy, regulation and policies. When the global economy is strong, demand for power soars and its price grows. This means that the value of companies producing power begins to rise.

Why invest in renewable energy?

These are some of the strongest reasons for investing in renewable energy from different sources:

• It is ethical and offers the opportunity to invest in line with your values.
• The sector is at the forefront of technological development. More efficient solar cells, using a structure called a "perovskite", is just one example of the cutting-edge research that is leading to lucrative breakthroughs in increasing generation capacity.
• It benefits from worldwide government support, including pledges from many countries to reduce their carbon footprints – requiring greater use of renewable energy.
• Renewable energy could boost the economy by creating jobs in rural areas and lowering fuel imports.