What an amazing article, wonderful that we have so many smart people out there working on this groundbreaking stuff
The traditional industry giants of Germany and Detroit, such as Volkswagen and General Motors Co., must be hugely frustrated by the market’s favoring of Elon Musk and his upstart peers. Tesla has impressive software and battery technology, but others know how to build a decent electric vehicle now.
I’ve got some lines here from a Bloomberg article called - U.K. Renewable Power Set For a $27 Billion Investment Boost…
The U.K. government plans to double the amount of renewable power supported by the country’s
main subsidy mechanism and create a new structure that will bolster a variety of technologies, speeding up a wave of new investment.
The next round of the contracts for difference system will clear the way for as much as 12 gigawatts of new green power capacity across three different technologies, according to a statement from the U.K.’s Department for Business, Energy and Industrial Strategy. That’s up from 5.8 gigawatts that won contracts last year, an advance that will help the government deliver on Prime Minister Boris Johnson’s plan to cut emissions.
Offshore wind is central to that plan, with the government aiming to quadruple capacity to 40 gigawatts by 2030. The new expanded auction round could drive more than 20 billion pounds ($26.7 billion) of investment, according to industry group RenewableUK.
The separate pots could be welcomed both by onshore and offshore wind developers, whose projects are still more expensive than those on land. Some major developers of wind farms at sea, including Iberdrola SA, Orsted A/S and Vattenfall AB are expected to bid in the next round.
Link to the article, if anyone has access to Bloomberg. U.K. Renewable Power Set For a $27 Billion Investment Boost - Bloomberg
This would be remarkable
“Concrete batteries could allow buildings to store energy | Construction Enquirer News” Concrete batteries could allow buildings to store energy | Construction Enquirer News
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Just read that article about a new startup that looks promising. Alot of work going into batteries at the moment
As you may already know that our planet is not in such a great shape at the moment. I think more and more countries will start to develop all kinds of methods to the renewable energy. So how can we all get involved in this space. New startups companies will need new generations of investors.
You can invest in investment trusts related to the sector.
In this post I mention 3 renewable energy infrastructure trusts (TRIG is solar and wind). Please vote for the ones not yet available in Freetrade, so the rest of us can get involved
If you actually want to invest in renewable energy with the view of that money being used to produce something, then try somewhere like Abundance who host schemes. Right now there’s a tidal farm in Scotland looking for funding on there.
Investing in TRIG isn’t actually you putting money into the industry, except when they do a corporate action to raise more money, which you’ve just missed this past week.
Does Freetrade have any REITs available yet?
It’d be good if they had a stock, fund, index, REIT roadmap to indicate approximate timelines for them coming to the platform.
They offer at least 1 REIT: FCPT.
To get other REITs added, please vote for REIT stock requests, such as mine mentioned here: Property & Infrastructure Investment Trusts.
Thanks - I was going to ask about some US REITs - however, I’m uncertain if UK investors are taxed holding US REITs, even if their wrapped in an ISA?
P.S. The renewable infrastructure REITs look good