Public market investors bullish on wind and solar
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…
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