I am huge supporter of clean energy. This morning I have found very interesting article on Bloomberg:
https://www.bloomberg.com/news/articles/2018-06-12/solar-surpasses-gas-and-wind-as-biggest-source-of-new-u-s-power
It shows that Solar energy surpasses Gas and Wind as biggest source of new U.S. Power. President Trump has imposed tariffs on imported panels to protect U.S. solar companies from Chinese solar companies and everybody expected that this tariffs and tax reform will have very negative influence on new solar installations because it will drive up costs but hopefully that didn't happened.
I am long term investor in solar energy companies and my largest holdings are FSLR( First solar), JASO( JA Solar) and JKS(Jinko Solar). I can't say that these were great investments, these stocks don't fit into my investment principals but I will continue holding them because I believe in a clean energy and I feel like I am supporting industry change.
OIL industry is still dominant and probably it will be a leader for some time but switch is inevitable. Efficiency of Solar cells is improving and costs are dropping and it is just matter of time when will this switch happen.
Costs of Solar panel installation are much lower than before, they have dropped hard and they are more affordable now and they will be more affordable in the future.
People often make mistake when they think that Solar panels can be installed only in extremely sunny areas. Yes, they gonna be more efficient when there is more sun but new technology alouds that Solar panels do their job even through clouds.
There is already solar car:
and solar airplane:
I am sure that without interfering of oil company giants, industry switch would happen much sooner but there is huge money in oil and it is normal that oil companies will fight against that.
Smarter oil companies are entering solar field and for example, french oil giant Total has bought Sun Power corporation and it became one of largest Solar panel producers in the world.
Clean energy is coming and hopefully we will have cleaner world in the future!
Regards,
