Growth in green power
Alternative energy technologies such as wind and solar power were once considered a niche investment. But increasing concerns over climate change and dwindling global oil reserves have made “green power” a mainstream industry, with strong prospects for future growth.
While the decline in oil prices in late 2008 and the global credit crunch helped push alternative energy to the background, long-term concerns such as global warming and dependability of oil supply have kept green power a priority for global decision-makers.
Governments around the world are making alternative technologies an integral part of their energy strategies. Indeed, the new U.S. administration has included alternative energy into its national infrastructure plan.
Primary investments in this sector include major manufacturers of wind, solar, and nuclear power equipment. But there are also companies that produce biofuels, fuel cells, solar panels, and the components and materials for these technologies.
The list of green energy investments is limited in Canada. However, good opportunities exist in the U.S. and global markets, and several Canadian mutual funds invest specifically in this sector.
We can help you decide whether this growing and important sector is a good fit for your investment plan.