Why You Should Invest in Green Energy this Year

Investing in energy companies has long proven profitable for people around the globe. And as energy demand continues to grow worldwide, that trend is likely to continue for decades to come. However, it’s not just fossil fuels that are receiving all the attention; today, renewable energy sources demand is accelerating, with solar and wind power leading the pack. This means that 2015 might be the perfect year to invest in green energy.

Once seen as a niche technology, today renewable energy sources are entering the mainstream. Several trends are helping to rapidly push green energy into the spotlight. These growth drivers include:

1. Increased energy demands.

Global energy use is expected to double by the year 2050, according to MIT’s 2014 Climate and Energy Outlook. This steep increase is the result of several factors, including overall population growth and increased prosperity in developing nations. That means both traditional and green energy sources will need to increase production to meet demand.

2. Growing demand for renewable energy in particular.

With every passing year, green energy sources have grown in popularity as businesses and individuals realize the environmental, financial and operational benefits of solar and wind power. Last year, demand for renewable energy sources rose to 2.7 percent of global consumption—the highest it’s ever been. And that figure is only expected to climb in the coming years.

According to a 2014 report from Bloomberg New Energy Finance. green energy will account for more than 60 percent of new generation capacity and 65 percent of the $7.7 trillion in global power investments by 2030. Meanwhile, total power generation from coal and natural gas is expected to fall from 64 to 46 percent.

3. Continued innovation in green energy.

New and exciting sustainable technologies are announced every year, and that trend is expected to continue as green energy becomes more common. The Bloomberg report found that large-scale hydropower facilities will push hydroelectricity even further into the mainstream. Meanwhile, solar and wind technologies will grow to 16 percent of global energy generation by 2030.

This growth will help foster even more innovation in new areas. Already, solutions such as MicroPower’s solar-powered, wireless video surveillance system are bringing the incredible benefits of green energy sources to new markets. As global investments in green energy continue, solar and wind power will be used in even more technology devices and systems.

Go Green

As you can see, green energy is on the rise. For many, 2015 is the perfect time to invest in renewable energy sources and technologies. As our global demand for solar and wind energy continues to grow, it’s clear that green investments are likely to grow right along with it.