Retail investors are increasingly recognising the growing opportunity of renewable energy as an asset class and, encouragingly, it has become a key component of many portfolios. The transition to net zero means global renewable energy markets are developing fast and, within this, there is a wide range of investments.
As of 2019, global technology reached the capacity to produce 2,713.6 gigawatts of clean energy. Meanwhile, according to the International Energy Agency, global renewable electricity capacity is forecast to rise more than 60% from 2020 levels to over 4,800 GW by 2026 – equivalent to the current total global power capacity of fossil fuels and nuclear combined.
This swelling renewable energy capacity and its application undoubtedly displays potential for sustainable investing.
