Big comeback for renewable energy stocks in 2013

Summit County Citizens Voice

Public market investors bullish on wind and solar

dg Renewable sources accounted for 43 percent of all newly installed energy capacity in 2013, according to a new report from UN economists.

Staff Report

FRISCO — Renewable energy stocks made a big global comeback in 2013, gaining 54 percent after a 4.5 year slide during which they lost 78 percent in value, according to a new report released by economists in Frankfurt, Germany.

The improvement happened as many companies in the solar and wind manufacturing chains moved back towards profitability after a painful period of over-capacity and corporate distress, according to experts with the United Nations Environmental Program.

The 2013 improvements came despite a significant dip in investments in the renewable energy sector — the investment drop of $US35.1 billion was partly down to the falling cost of solar photovoltaic systems. The other main cause was policy uncertainty in many countries, an…

View original post 741 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s