Cash In on This Lucrative Opportunity in Renewable Energy

As many Oil & Energy Investor readers may know, my home base is in sunny Florida (a fact I'm quite grateful for during these winter months), while my team operates out of Baltimore, Maryland.

I recently told one of my team members that he should be very proud of his home country, Sweden.

Among Sweden's many other renewable energy accomplishments – not the least of which is meeting its 2030 renewable energy goals 12 years early – it just made wind energy history.

Now, the world's energy novel is a constantly evolving, many layered story, and renewables are playing a bigger and bigger role.

You might say they're edging their way into "main plot point" status.

The International Energy Agency reported that in 2017, renewable energy saw the highest growth rate of any other energy source.

And that only became truer throughout 2018.

We've seen incredible growth in renewable energy, and there are many indications that this growth is only going to continue.

A Tale of Two Resources

While solar power tends to get most of the love in our renewable energy story, wind power has been holding its own around the world.

To truly showcase this growth, let's start big.

The biggest oil country in the world, the country whose entire economy basically relies on the buying and selling of oil, has begun its move to renewables.

This country, of course, is Saudi Arabia.

Back in July, the Middle Eastern oil country received four bids for a $500 million wind farm that, on completion, will generate power to supply up to 70,000 households.

And according to Saudi energy minister Khalid al-Falih, "the development of a wind energy industry in Saudi Arabia is an important component of our wider industrial diversification strategy."

But even Saudi Arabia can't beat China.

China has consistently led the world in many energy ventures, and they haven't disappointed in wind power.

China is the world leader in wind power generation, and has the largest installed wind capacity of any other country.

Tech Revolution: We’re on the brink of a global energy overhaul, and one tiny company has the key to it all. If you want to find out how to position yourself for the biggest, most life-changing gains, you better strike now.

By 2030, China intends to have 400 gigawatts (GW) of power, and by 2050, 1,000 GW.

Judging by China's past success in energy, I have no doubt they'll be able to accomplish that goal.

Moving into the United States, renewables are edging out traditional resources in unexpected places.

[mmpazkzone name="in-story" network="9794" site="307044" id="137008" type="4"]

Coal reigns king in Wyoming, but these days it's been reported that wind power is on the rise. The state has a project underway that will double its capacity to generate electricity from the wind.

And it's not the only state to do so.

Arkansas, New Mexico, and Maryland are also on track to double their wind energy capacity, according to the American Wind Energy Association.

Meanwhile, deep in oil country, Texas has been making waves in wind energy as well, as BP sells three wind farm operations in the state.

Moving back to Sweden, however...

The Adventures of Repowering Wind Turbines

I mentioned above that Sweden was on track to hit its 2030 energy goals 12 years early, by the end of last year.

And it's aiming to become 100% renewable by 2040.

These days, there is no doubt that it will get there.

I'd call this country an unexpected new "main character" in our novel of energy resources.

This country has just completed the world's first repowering of an offshore wind farm.

Using the power of the ocean in wind power is one of the most effective ways to generate electricity.

This Swedish wind farm – though small, with only five turbines – will lead the rest of the world to do the same, in places like Denmark, Germany, and the UK.

An analyst with WindEurope stated on this remarkable achievement that, "... A full repowering project will probably be preferred in the future... the potential increased capacity for an offshore wind farm is much bigger than for onshore."

But this is only half of the story in the renewables chapter of our energy novel.

Great Expectations

With growth comes opportunity.

With opportunity comes potential profit.

Renewable energy's remarkable achievements over the past year have made it possible for people to take advantage of it.

Profiting has never been easier.

And I can tell you exactly where to start.

The renewable rocket is only just beginning, and the opportunities in the industry could make you a fortune.

Opportunities like this one.

We're witnessing the birth of a new era, and you could make a fortune from it.

I have all the information on it that you'll need to potentially profit, so if you'd like to learn more, just click here to start your journey.

The post Open Your Books to Chapter 2 - Renewable Energy appeared first on Oil & Energy Investor.

About the Author

Dr. Kent Moors is an internationally recognized expert in oil and natural gas policy, risk assessment, and emerging market economic development. He serves as an advisor to many U.S. governors and foreign governments. Kent details his latest global travels in his free Oil & Energy Investor e-letter. He makes specific investment recommendations in his newsletter, the Energy Advantage. For more active investors, he issues shorter-term trades in his Energy Inner Circle.

Read full bio