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Thursday, July 17, 2014
INFOGRAPHIC: 2014′s most promising alternative energy trends
The business world has recognized a need for viable alternative energy solutions, and investors are now pouring in their cash. Last year, a staggering $214 billion was invested in renewable energy worldwide.
Many nations and corporations across the world are taking steps to develop alternative energy solutions and the private sector is taking note of this opportunity.
Kohlberg Kravis Roberts (NYSE: KKR), one of the world’s largest private equity firms, invested $567 million USD for a 33% stake in Acciona’s renewable energy efforts. Acciona is a Spanish conglomerate and holds major assets based on seven clean technologies in 13 countries: wind, CSP, photovoltaic, hydroelectric, biomass, biodiesel and bioethanol. The company’s major focus is on wind energy.
Giant firms aren’t the only ones who see potential in green energy investment. According to Thomson Reuter’s Lipper unit, alternative energy mutual funds and exchange traded funds returned an impressive average 41.6% over the 12 months through June.