Friday, October 21, 2005
Global Investments in Alternative energy
Currently, only around $20bn a year is invested worldwide in renewable energy capacity; mainly wind and solar, with some in biomass and biofuels. A further $5bn is spent on research each year, particularly into hydrogen and fuel cells. But that figure is bound to grow. New Energy Finance expects the figure to increase to over $100bn within a decade - a sustained compound annual growth rate of 15-20%. That means there will be opportunities to make money provided investors make the right choice. read more.