Investing in Renewable Energy

The global economy is slowly switching power sources, pivoting away from fossil fuels toward renewable energy. Ireland has been cited as one of the most ambitious countries with reference to climate action.

Green energy sources include:

• Wind
• Solar
• Hydro
• Biomass
• Geothermal
• Ocean waves and currents
• Green hydrogen

This transition fossil fuel to clean energy will take commitment and many decades to complete. However, it has potential for investors.

How to find good renewable energy investments

Renewable energy companies that generate profit and have strong balance sheets have a competitive advantage over financially weaker rivals, since they have greater access to the capital needed to finance growth. That’s why investors should focus their attention on financially strong clean energy companies.

The sheer growth potential of the renewable energy sector provides the opportunity for any company focused on the industry to thrive. However, not all will, because growing for the sake of growth won’t enrich shareholders. Instead, investors should seek companies that wisely allocate capital to renewable energy projects that generate attractive returns on investment. Smart capital allocation is essential to maintaining a strong financial profile.

Clean renewable energy companies in Ireland have a bright future

The clean energy sector represents a massive opportunity for investors. However, investors must choose carefully, since not all will capture the full extent of this opportunity. Two key characteristics to look for are a strong balance sheet and a solar energy-focused growth profile since those factors could give a company the power to generate higher returns.

To view our current renewable energy investment opportunities please head over to www.greencrowd.envestry.com