For instance, China added 35 gigawatts of clean energy, or more than the U.S., U.K. and France combined. India may announce plans to add as much as 175 gigawatts by 2022. [China’s Clean Energy Drive Brightens Solar Power ETFs]
Fueling the growth in renewable energy, wind and solar are already competitive in price with grid electricity in some countries. Meanwhile, batter prices for large-scale electricity storage continues to decline. Additionally, some countries, like China, are aggressively cutting greenhouse gas emissions and pollution.
“The average stock in the fund, the Guggenheim Solar Energy Index ETF, has fallen about 25 percent in the past six months as SunEdison, once a favorite among hedge fund managers, erased more than 90 percent of its value. Earnings sunk and investors questioned the viability of a dividend-heavy business model amid expectations for higher U.S. interest rates,” according to Bloomberg.
Guggenheim Solar ETF
