Views: 0 Author: Site Editor Publish Time: 2025-03-12 Origin: Site
To the surprise of most people, the best-performing stocks last year were neither tech stocks nor real estate stocks, but solar stocks. In 2019, the Invesco Solar ETF, which holds shares of companies in the solar chain that build solar parks and make solar panels and other components, is up 51 percent.
At a time when the cost of electricity generation is lower than that of fuel generation and the cost of electricity storage is also falling, the idea of fully replacing fossil fuels by solar energy seems to be getting closer and closer. Among them, the "Gemini Solar" project invested by Buffett may be seen as a historic turning point in the development of the solar industry, and the unexpected attack of the new coronavirus epidemic may be the key "catalyst".
Part of the reason for this is that solar and wind are cheap, so they can often be fed into the grid ahead of other sources of power such as coal and nuclear. In the previous "oil war" between OPEC+ and the United States, oil and gas prices were pushed to historic lows, forcing many fossil fuel companies to seek transformation.
IAE expects renewables to be the only energy source to grow in 2020, with its share of global electricity generation expected to soar.
