How You Can Profit From the Cheapest Source of Energy We Have

How You Can Profit From the Cheapest Source of Energy We Have

by | published June 1st, 2019

It’s been quite some time since I’ve discussed renewable energy.

Unsurprising, considering my energies (no pun intended) have been significantly focused on the geopolitical goings on. I’ve had many phone calls to my global contacts, and I’m preparing to head over for my next round of international meetings.

Things have come to a bit of a lull in the storm today, so I thought I would refocus on the latest developments in energy.

More specifically, renewable energy.

Now, there are many sources of energy that we use to live in today’s modern society. Fossil fuels are our main resource, but they’ve been steadily being overshadowed by other resources that are cleaner, more efficient, and more cost effective.

It’s those resources that are the fastest-growing in the industry.

However, it’s not just quick growth that makes people sit up and take notice…

Three Critical Criteria for Energy

For a particular resource to be effective and put into mainstream production, it needs to meet certain criteria.

First, it must be as efficient as possible to give as many people as much energy as possible.

Second, it should be reliable and sustainable, and have the ability to be used for decades.

Third and perhaps most important, it must be cost effective.

In other words, it should be cheap enough to make it worth it for power and electricity companies to produce and sustain indefinitely.

Well, fossil fuels have certainly had their time in the limelight.

For a long time, oil and natural gas were the only reliable, cost effective, and efficient sources of energy we had.

But the times they are a changin’.

Because there has developed even cheaper ways of providing an abundance of energy.

And if you guessed renewables, give yourself a cigar.

The Newest Cheapest Source of Energy

It has just been announced in a new study that renewable energy sources such as solar and wind power has reached the lowest cost it’s ever been.

The study was conducted by the International Renewable Energy Agency (IRENA), and revealed that renewables are now the most inexpensive option for new power generation throughout most of the world.

This is an incredible development.

Renewables were already the fastest-growing industry in energy, but fossil fuels have always ruled the roost.

Not so anymore.

What manufacturers are looking closest at is onshore wind farms and solar photovoltaic panels (PV).

In countries like Chile, Mexico, Peru, Saudi Arabia, and the United Arab Emirates (UAE), solar PV projects have lowered the cost of electricity to as low as three cents per kilowatt hour (kWh).

That’s an unheard of precedent.

In my over four-decade long career in energy, I haven’t seen anything quite like this.

The author of the report commented on where he believes solar power is going next, “I think the great thing of what has happened to the cost of solar PV and wind power, and in terms of the improvements in technology as well, is that the potential is now really global.”

This agrees with that I’ve been saying for years – that solar energy will be moving to a huge global scale sooner rather than later.

And the cost of renewables aren’t even as low as they could be in the future.

Which means that as fantastic as this news is, it’s going to get even better.

What This Means for Your Wallet

The changes a dirt-cheap source of electricity could make for first-world and developing countries alike are almost innumerable.

IRENA Director-General Francesco La Camera said on the new information, “Today’s report sends a clear signal to the international community: Renewable energy provides countries with a low-cost… solution that allows for scaling up action.”

But beyond that, the dropping price of things like solar energy will do wonders for solar panel manufacturers and other companies in the renewable business.

Wonders like raising their stock prices for some very nice profits.

One company in particular has shown some impressive growth over the last few months – showing a 126.8% gain in just three months to be exact.

The growth of solar energy and its rapidly-dropping costs means that this company is extremely well-placed to potentially profit from the industry.

Not to mention that this company was one of those who helped drop the cost in the first place.

It’s a leading manufacturer of solar panels, and has much in store for the business as a whole.

Which means that for you, there is some great profit potential here.

If you’d like to learn more about this opportunity, just click here to get started.



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