ClearWorld January 2018 - Page 4

Renewable energy sources such as wind and sun are proving to be much cheaper than fossil fuels. And, the trend looks to get stronger.

Success in stock trading and investing often comes from an awareness of the deep potential of certain industries, and their underlying currents. In the energy sector, there’s a clear trend.

Renewable energy is on an upward trajectory and analysts predict it will go all the way to the point when it will overtake fossil fuels. They point out that in most of the United States, wind energy and solar energy have managed to be the cheapest energy options, according to Lazard’s Levelized Cost of Energy Analysis—Version 11.0 report by the Lazard investment bank. Wind and solar energy ended up being cheaper than nuclear energy, coal, diesel and even natural gas in most cases. As this continues and takes effect, fossil fuels could soon be trampled over. So should you be looking at renewable energy stocks for some long-term investment with your eye on the future?

Hard Facts Suggest Wind and Solar Energy Are Cheaper

Based on this report, Motley Fool analyst Travis Houim believes regulators won’t be able to justify using non-renewable energy sources. Utilities requiring building or replacing power generation facilities would seriously be thinking of renewable energy since it is proving to be cheaper.

Unpredictable Pricing for Fossil Fuels

Apart from the fact that diesel is the most expensive fuel source, you’d have seen from the table that fossil fuels have a much wider cost range. That can be explained by the differing construction costs of new plants in various states as well as the varying fuel prices and the plant’s usage cycle.

Can We Save The Planet?

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Think Renewable

Energy if You’re

Looking into

the Future

Investing in Renewable Energy