Read This Before Investing in Renewable Energy

Read This Before Investing in Renewable Energy

It's no secret that renewable energy, in this case, wind power, is a long-term growth industry. Indeed, leading energy industry bodies such as the U.S. Energy Information Administration (EIA) believe that, on average and without tax credits, onshore wind power will make more financial sense than combined cycle (gas and steam) power within the next 20 years. Wind power has long-term growth prospects, but global onshore wind power installations will be flat in the medium term, while global offshore installations will likely only take off in 2025 and afterward.