Upcoming Renewable Energy Investment Opportunities
February 2024
The renewable energy sector is booming, driven by increasing sustainability concerns, government incentives, and technological advancements. This presents exciting investment opportunities for individuals and institutions alike. But with so many options, where should you start? Here are some of the hottest trends and potential winners in the 2024 renewable energy investment landscape:
Solar Energy Soars:
- Solar panels: With falling costs and rising efficiency, solar panel manufacturers like First Solar and Canadian Solar are poised for continued growth.
- Solar inverters: Companies like SolarEdge and Enphase, which produce inverters that convert solar DC power to grid-compatible AC, are crucial for integrating solar into the grid.
- Solar trackers: As tracking technology allows panels to follow the sun, companies like Array Technologies and NEXTracker offer compelling investment options.
Wind Power Pushes Forward:
- Onshore wind farms: Despite facing some headwinds in developed markets, mature players like NextEra Energy and Ørsted remain solid choices for stable returns.
- Offshore wind farms: Despite higher costs, offshore wind holds immense potential, with companies like Vestas and Siemens Gamesa leading the charge in this rapidly expanding market.
Energy Storage Takes Center Stage:
- Battery storage: Lithium-ion battery advancements are key to addressing renewable energy's intermittency issue. Companies like Tesla, LG Chem, and CATL are at the forefront of this crucial technology.
- Pumped hydro storage: Mature and reliable, pumped hydro offers long-duration energy storage solutions. Companies like Atlantica Sustainable Infrastructure and Rye Development focus on this established technology.
Emerging Technologies on the Horizon:
- Hydrogen: Though still in its nascent stages, hydrogen holds promise for decarbonizing hard-to-electrify sectors like transportation and heavy industry. Players like Plug Power and Ballard Power Systems are worth keeping an eye on.
- Carbon capture and storage (CCS): With increasing focus on carbon neutrality, CCS technology is gaining traction. Companies like ExxonMobil and Schlumberger are investing heavily in this nascent field.
For more information on this sector and other emerging market areas, we highly recommend potential investors contact one of our advisers via our website. Here they can arrange an appointment and discuss further our exciting opportunities.
