Western governments’ emphasis has switched to renewable energy sources as a result of climate change activism. These sources have a lower carbon footprint and do not have the risk of running out of resources. As a result, less carbon dioxide is exhaled into the atmosphere, lowering the rate at which the Earth heats. Tesla’s ascension reflects a shift in public view in the United States regarding alternative energy in daily life. China’s prohibition on Bitcoin mining, which caused the cryptocurrency’s price to plummet early this year, reflects the country’s rising focus on environmentally friendly industries. By the end of last year, the industry had a market capitalization of $626 billion. According to the International Energy Agency, the world’s alternative energy capacity will reach 280 Gigawatts by 2022. The majority will be photovoltaic additions, also known as solar energy generation. In the alternative energy sector, Europe is projected to become a big player.
Here is Insider Monkey’s list of 11 best alternative energy stocks to buy right now. Renewable Energy Group, Inc. is in charge of biodiesel production and manufacturing. Biodiesel is a petroleum-derived fuel that is less harmful to the environment. The company offers a diverse range of biodiesel fuels for transportation, heating, power generation, and industrial applications. The headquarters of NextEra Energy, Inc. is in Juno Beach, Florida. By the end of last year, the company had generated 2.2 Gigawatts of electricity from solar panels. It also owns and runs four nuclear power reactors in Florida, with a total capacity of 3.5 Gigawatts. The company’s headquarters are in Guelph, Ontario, Canada. Solar panel electricity producing facilities are located all over the world for the corporation. It has supplied more than 59 gigawatts of solar panels and expects to achieve 22.7 gigawatts by the end of the year. Clearway Energy, Inc. is a green energy firm. It focuses on energy project design, development, finance, and execution. In addition, the corporation owns and operates 5 Gigawatts of wind and solar power generation assets. For more details, click 11 Best Alternative Energy Stocks To Buy Right Now.