Friday, June 26, 2015 12:57:13 AM
Welcome to the 1 percent!
http://dailyreckoning.com/solar-just-crossed-a-major-threshold-get-in-while-theres-still-time/
No, not you silly. I’m talking about solar.
Solar has finally taken its first step toward becoming a legitimate energy player. As of right now, solar provides 1% of the world’s electricity. And today you’ve got a chance at some red hot gains off a short-term solar play as solar use expands by the day…
Yes, solar has entered the 1%. It took 40 years to get there, according to Ramez Naam’s blog. But it won’t take another 40 years for solar to get to 2%…
Using independent industry projections, “it will take 3 more years to get the second 1%,” Naam explains. “Then less than 2 years to get the third 1%. And by 2020, solar will be providing almost 4% of global electricity.”
That might not sound like a lot, but it is. That represents massive growth from today’s numbers.
No way around it, solar is becoming a force to be reckoned with. It’s not about whacky environmental types anymore. And it’s no longer a foolhardy speculation on Wall Street. Solar firms are growing faster and faster. And investors with the foresight to grab onto this trend (and hold on tight) could mint a fortune.
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