It is often heard of concerns about greening and the development of an alternative source of energy not only to save it but also to fight global warming. Global price shocks are also responsible for increasing the focus on finding renewable sources of energy.
Gasoline prices have risen significantly in the last few years and are expected to rise further and non-economic renewable resources are expected to become economical. Yet many of them are still underdeveloped due to high prices.
Solar energy is one of the most versatile alternative sources of energy. Countless countries around the world are playing with the idea of its development. Unfortunately, the share of solar energy in an overall sector is only 0.1%. According to a survey, solar energy has grown by 22% in the last 10 years, with only 35% growth recorded in the last 5 years.
With its spectacular growth, there are growing expectations that mimic the remarkably high valuations in the investment market. Investing in solar energy is one of the hottest trends these days because it is thriving and one of the best performing industries today. According to a solar research group:
Solar photovoltaic installations have increased by about 62% in previous years.
চাহিদা Demand for solar power has increased by 30% annually for the last 15 years.
দাম Solar prices have dropped 4% annually in the last 15 years.
Expansion and awareness about solar energy has led many people to adapt to solar resources. More buyers means more demand which increases the profits of Solar Energy Corporation. Develop an investor’s perspective, investing in such national energy guarantees higher returns and follows other factors:
With the lack of equity in the market and the subsequent rise in commodity prices, financial markets have become a more volatile place to invest money. There is no doubt that huge profits can be made in products or any other sector, but the risk is much higher. Established investors will hear a lot more about solar energy as an investment vehicle in the coming years. Investing in the solar business is becoming quite lucrative and has an attractive income stream. The backup of the banking institution and the support of the government are making it a safe investment. Most importantly, it also gives investors peace of mind to contribute to the global need for energy independence from oil and long-term security.