Wind Energy

Wind power, as an alternative to fossil fuels, is plentiful, renewable, widely distributed, clean, produces no greenhouse gas emissions during operation and uses little land. The effects on the environment are generally less problematic than those from other power sources.

Wind Energy

Time to Bet on Wind Power

 

Currently accounting for 19% of global energy consumption1, renewable energy sources like wind power are playing a significant and growing role in meeting the worldwide demand for electricity. The wind power industry is becoming increasingly cost-competitive, pushing wind technology to the core of the power industry. Unsubsidized costs for wind power have declined markedly: in the last 10 years, wind energy has converged almost towards grid parity. As a result, corporate demand for this energy source has increased strongly. While wind power offers significant benefits, the wind market itself is multifaceted and still developing. The appetite for investment in wind power is global, but regional differences remain significant.

Given the potential for new technologies to advance wind power to being a major source of electricity generation in the United States and the world, investors may want to consider adding the energy source to their portfolios. While broad-based renewable energy funds like exchange-traded fund (ETF) PowerShares Clean Energy Portfolio (PBW) do include exposure, there are ways to directly bet on wind power’s success.

Wind power has already grown quite impressively. And yet, its best days are ahead. New advancements in technology and turbine size/efficiency should help the energy form become a major source of electricity generation. The time for investors to strike is now.