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8 Things You Should Know Before Investing in Wind Power |
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by Kevin Devoto | 05-09-2020 14:45 0 |
Sometimes it may seem as though there's little to no profit in doing good. That may not be true as often as you think it is, however. It certainly is not true when it comes to investing in wind power. As searching for renewable sources of energy becomes more imperative, wind power has become a booming business. Your investment can not only benefit your portfolio but the earth itself. Here are some important and exciting things you should know about wind energy before you decide to invest. 1. It's Happening More Off-ShoreWhile energy companies are still establishing wind farms on land, more wind farms are being built out on the water with the assistance of Monroe crane service. In addition to generating more than twice the power of on-shore turbines, this helps to free up prime real estate and avoid complaints from nearby land owners. There are construction challenges involved that make it more expensive, but the potential gains can make it worth it. 2. It's Considered a Stable InvestmentA yieldco is a company that buys stable assets that produce cash from companies engaging in development that is considered more risky. Yieldcos purchase renewable assets like solar generation and wind farms, considering them to be stable. 3. You Can Turn To Familiar NamesYou don't necessarily have to take a risk on a newly established company when investing in wind power. Because it is so popular and desirable, well-known and reputable energy companies have become more and more involved in wind energy. You can invest in brands that you already know and trust, such as Siemens and General Electric. 4. Wind Energy Is Growing FastIn the United States, the wind energy industry generates $10 billion of revenue every year. Wind power is growing so exponentially that by 2050, it may be able to meet the energy demands of one-third of the global population. From 2000 to 2006, wind power quadrupled its global generation. 5. Operational Costs Are Practically NothingObviously it costs money to put up the turbines. However, after that point, there is little in the way of operational cost because the wind needed to power it costs nothing. Tax incentives from the government and technological advances help to keep the upfront costs associated with wind turbines low. 6. Wind Energy Produces No Water or Air PollutionBurning chemicals to produce energy to turn traditional turbines sends carbon emissions into the atmosphere. You may know this already, but you may not know that traditional electricity generation methods involve tons of water to cool down the mechanical processes. Wind power does not involve burning any fossil fuels, nor does it require any water. Therefore it produces no pollution and is expected to save approximately 30 trillion bottles of water in the United States alone by the year 2030. 7. Turbines Come in Different SizesSmall turbines are reserved for individual houses and businesses. They can stand alone to provide all the necessary power, or they can connect to the grid to provide a back-up. Large turbines can generate multiple megawatts, enough to power hundreds, and possibly thousands, of homes. There may be investment opportunities available involving either large or small turbines. 8. Wind Power Is Not a New IdeaPeople have been harnessing wind energy to apply in different ways for millennia. It's propelled sailing vessels, ground grains, and pumped water for irrigation, a use to which it has been put for at least 4,000 years. Wind power itself is nothing new. What is novel is the increasingly creative and efficient ways that human beings have developed to harness it and put it to good use. Where there is ingenuity, there is opportunity to invest in something that, in this case, everyone stands to benefit from. |
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5 Comments
Greetings kevin
I hope you are doing well
Very innovative ideas
Thank you so much for this report
Keep writing
Green cheers
Regards
Asmita Gaire
Posted 23-09-2020 00:48
Hello Kevin,
i hope you are fine. Thank you so much for letting us know about wind power.
Keep writing and sharing
green cheers
With Regards
Madhu Aryal
Posted 07-09-2020 01:49
Warm Greetings
Thank you for sharing this report with us.
Keep writing, keep sharing
We are looking forward to know more from you.
Regards
Alok Dhakal
Posted 06-09-2020 12:17
Greetings
Thank you for sharing a report with us.
Keep writing, keep sharing
We are looking forward to know more from you.
Regards
Dolma
Posted 05-09-2020 20:59
Hello Kevin ,
Greetings and namaste form Nepal
Thank you for sharing your report about wind power
Keep sharing reports,
keep writing
We are looking forward to know more from you.
Regards
Paras Kunwar
Posted 05-09-2020 14:58