According to the U.S. Energy Information Administration, renewable energy has a promising future. The organization predicts that it will be the fastest-growing power source by 2040. If you are a supporter of renewables, this is good news for you—but it’s better news for our planet!

David Milner, private equity firm NuGen Capital CEO, said that these days, investors are looking at renewables as strong assets: a far cry from how they perceived it before. This statement was made at the Atlantic Council, an organization that performs research in international affairs.

Renewable energy advocates were stunned by how rapidly these power sources have grown. They were just small markets before, and now, are composed of big corporations maximizing the green revolution potential. In the next paragraphs, the different developments in the production and utilization of renewable energy are discussed in detail.

Various Examples That Show Renewables Is the Future

01. During the time that the Desert Sunlight, a huge solar plant farm in South Carolina was being constructed, funds were scarce for this project. If not for a loan from the Department of Energy, this renewable energy endeavor wouldn’t have been possible. However, just a few years after, energy company MidAmerican Energy was able to put in a whopping $15 billion worth of renewable energy projects. More surprising than the cost is that little to no loan support was needed for this to push through.

02. SolarCity Corp., the US’ largest provider of solar panel systems, traded for only $10 per share in 2012. Now that business is really doing well, one SolarCity Corp. share costs $60. Similar solar energy-related companies also went public recently; these include SolarEdge Technologies, Sunrun, and Sky Solar.

03. Yieldcos, which are classes of publicly traded companies focused on providing shareholders with cash return from their renewable energy investments, has suddenly increased in number. Although they aren’t as big industries as the above examples, it just shows that renewable energy growth has an effect on a wide range of investments. Furthermore, there is no evidence that yieldcos’ growth will come to a close.

On top of this all, it is evident that more and more people are taking interest in investing in renewable energy sources. Data company Bloomberg New Energy Finance reported that investments on renewable energy skyrocketed from $9 billion to $50 billion in just a span of one year. This data was taken during the first quarter of 2014 until the same time on 2015. Also, still according to Bloomberg Data Energy Finance, there is a steady growth in the installation of solar panels in US homes every year since year 2000.

These examples are clear representations of the increased funding and awareness people, big and small, award renewable energy projects. Whether their objective is for business growth or environmental preservation, it is nice to know that renewable energy can suffice both goals.

Indeed, there is no stopping the renewables industry from flourishing. It is now safe to say that solar, wind, water, and geothermal energies are here to stay.

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