Companies Investing in Solar Energy Projects
Across the globe, there is a scramble to find alternative, renewable energy sources that could power the planet. Oil and gas will not be able to sustain us for much longer, and as industries grow, the demand for energy only increases.
With the various forms of renewable energy (wind power, solar power, hydro-power etc.) that are emerging, a new investment market has now reared its head as well.
Investing in solar energy projects, to focus on one of these, is no longer a feel-good venture that boosts your companyís image and earns you bonus points with the government. With technological advances bringing down the installation and operating costs of solar farms, investors are now seeing a higher return on their money, and in a shorter amount of time.
To better gauge the size of the market, here is an example of four of the biggest companies who are now investing in solar energy projects:
Duke Energy Corporation: This American energy giant has just made a substantial investment in a company called Clean Power Finance to back solar energy.
Google: The internet company has been making steady investments into various forms of renewable energy, and have just announced that they will be backing a solar project in South Africa.
Sainsbury: Stepping out of their supermarket comfort zone, the retailer has been making solid investments towards solar energy (despite facing tough competition from eastern companies).
Chevron: A leader in science and ingenuity, the company is also one of the biggest providers of solar energy units to places of education in the United States.
Renewable energy is a hot topic, and an even hotter investment opportunity. For information and advice on investing in solar energy projects, feel free to contact the experts at Compare The Financial Markets.
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