SOLX = $$$$$ good reasons to invest in a solid company!!....SOLX ~ good Reasons to Invest in Solar
Did you know that the world’s third-richest man, one of the biggest investment banks in the world, and the country with the largest national economy in Europe all have huge investments in renewable energy sectors?
In late 2012, Warren Buffett invested billions of dollars in two solar projects. His enormous investment in these projects highlights his investment thesis that solar energy will produce consistent annual returns as energy prices continue to rise.
Goldman Sachs, the fifth-largest bank in the world, called renewable energy sectors “one of the biggest profit opportunities since its economists got excited about emerging markets in 2001.” And they aren’t the only ones who think this market shows enormous potential. Last year, U.S. investors led the world with $56 billion invested in renewable energy (a 33% increase from 2010). Goldman Sachs, not looking to miss an opportunity, has pledged to invest $40 billion in renewable energy projects over the next decade.
Germany, with the largest national economy in Europe and the fourth largest in the world, recently reached a historic milestone last month announcing that half of Germany was powered by solar. You read that right—50% of Germany’s midday electric needs were met by 22 gigawatts of solar power (equivalent to 20 nuclear power stations running full blast). “Never before anywhere has a country produced as much photovoltaic electricity,” said Norbert Allnoch, director of the Institute of the Renewable Energy Industry. Imagine the potential in the U.S.; we receive 3900% more sun than Germany, yet Germany currently produces 6000% more solar power.
