As an investor, if you also want to be environmentally sound or to capture what Farrell thinks is the next big thing, there are solutions whispered in the wind and showering you with warmth.
The main critique toward wind power is that the wind stops blowing when you want it most: when it’s hot. But the new technology is allowing for wind power to be harnessed into a reliable base load for electric power, according to one Stanford University study.
U.S. electrical demand is forecast to grow another 39% through 2030, while the cost per unit for wind should come down with larger-scale operations, reports Steve Halpern for Blogging Stocks. PowerShares Global Wind Energy (PWND) and First Trust ISE Global (FAN) are ETFs to help you harness the wind. They launched July 8 and June 27, respectively.
Claymore/Mac Global Solar Index (TAN) holds 25 solar stocks, while the Market Vectors Solar Energy (KWT) holds 34 securities. They launched April 15 and April 23, respectively. There are two general forms of solar power that are up and running, PV, or photolytic, and thermal, which transfers heat through concentration. The alternative energy arena will get us through some trying times when demand will be fierce.