There’s good news all around for renewable energy and the sustainable companies who who want it.
For example, the demand for solar energy jumped 30% in 2014, according to the Solar Energy Industries Association.
For the first time, residential solar panel installations exceeded 1 gigawatt (gw) in one year.
Homes remain the No. 1 market for solar, with about 50% of the market the last three years.
Investors are bullish on renewables
It doesn’t look like the trend will slow in 2015 either.
Bloomberg New Energy Finance predicts the U.S. will create 18 gw worth of renewable energy capacity this year with:
• 9.1 gw coming from solar panels and arrays, and
• 8.9 gw via wind farms.
Despite the fracking boom and cheap natural gas, more investors are betting on renewables.
Standard & Poor’s predicts utilities and other companies will float a record $30 billion in green energy bonds.
Concerns about climate change are certainly a driving factor. Yet there’s no doubt many decision-makers see renewables as just good business.