According to the analysis of the world’s largest center for certification of the energy sector, DNV GL, the total world electricity consumption will increase by about 10% by 2050. Until then, renewable energy sources are expected to practically replace gas, oil and coal on the market. The main “suppliers” of electricity will be solar energy with 40-45% of energy produced, and wind energy with 30-35% of energy produced.
The rise in energy prices lately is unprecedented. In March 2022, the price of crude oil was 98.21 pounds per barrel, thus reaching the highest new in a decade. Natural gas prices also broke the record. At the Title Transfer Facility hub in the Netherlands, the price was almost £ 2,992 per 1,000 cubic meters. The current price is around 1,036 pounds per 1,000 cubic meters. Two years ago, the price of gas barely exceeded 76.73 pounds per 1,000 cubic meters. These are just some of the many examples that show the rapid rise in energy prices.
“A growing global economy means continuous growth and demand for energy. Therefore, all energy sources are becoming more and more popular, until the market is finally saturated. “After that, cheaper energy sources will start replacing more expensive ones,” Manturov concluded.
In addition to higher demand, one of the main drivers of green energy is public policy. Many governments are actively encouraging companies to move away from the use of fossil fuels, and to switch to green energy.
So, with the shift in support for alternative energy, which green energy supplies are worth investing in?
Green energy reserves
Enphase Energy (ENPH) is a global energy technology company founded in 2006. Currently the world’s leading supplier of solar and battery systems based on micro-converters, Enphase believes that sunlight can be a safe, reliable and stable source of energy. In just three years, the firm has become a leader in the sector and improved profitability by 16%. It has also increased its capitalization by almost 50 times, with an average revenue growth rate of 27% in the last five years. Enphase has revenue of 1.07 billion pounds, and by the end of the year we expect a jump in growth potential of 15%.
Next Era Energy (NEE) is a traditional energy producer that is continuously increasing the share of renewable energy production in its portfolio. The renewable energy segment already generates almost half of the company’s profit. This company is one of the most innovative in the utility sector and is actively converting utilities into renewable energy sources. In 20 years, the company has ranked first in the United States in terms of capitalization among alternative energy companies. With revenue of £ 13.12 billion in 2021, we expect Next Era Energy to have a 5% growth potential by the end of the year.
Canadian Solar Inc. (CSIQ) has become one of the world’s largest suppliers of solar photovoltaic products and energy solutions, along with ranking as one of the largest developers of solar power plants globally. They have customers in more than 160 countries, providing enough green energy to meet the needs of about 15.8 million households. The main activity of the company is the production of solar panels and components, as well as the development of energy storage systems – batteries. The company also specializes globally in power plant construction, operation and maintenance. It has revenue of £ 3.68 billion and a growth potential of 12% by the end of the year.
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Source: E2 Portal by www.e2.rs.
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