Is Putting Your Money in Alternative Energy A Good Investment?

Are you looking for places to invest your money that will bring you profits? A good investment to think about is alternative energy. By the year 2013, the production of green energy is predicted to be in the multi-billion dollar range. Wind energy has become very affordable as a result of better technology and increasing widespread use. This has resulted in wind technology being very competitive against more established types of energy producing products. Wind energy technology has become better that birds are no longer being unintentionally killed.
You wouldn't want put your dollars into something that doesn't help the environment. Still another alternative energy resource you could invest in is solar cell technology. You can find these in private property lights, calculators, buoys used by the US Coast Guard, and a number of other places. They are also being used in larger projects such as commercial buildings and housing developments. As costs keep decreasing, the efficiency of solar arrays continues to improve. This efficiency is calculated by the amount of energy needed to produce against the amount of energy produced.
Back in 1982, the energy conversion efficiency of silicon cells was approximately four percent but these days, it is over twenty percent. Solar sells does not produce any pollution when generating electricity but it is not economical enough to replace regular electricity. Due to limited space, the photovoltaic cells are not able to produce extremely large amounts of electricity. But as areas are converted to put these solar cells, the cost and efficiency will keep on improving. With the nonstop search for new means of generating alternative energy, advisors of investment portfolios are certain that energy is a wise investment.
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New forms of green energy are emerging like tidal movements, currents and temperature changes. The concept of hydro-power generation is advancing in France and being extensively researched in Scotland and the US. Salt water has been an issue previously with metal deterioration, but that has been made better by employing better materials. Marine growth and severe storms have resulted in problems as well. As the timing of ocean waves and currents is so reliable, as well as understood, there is a great advantage to ocean-produced energy.
In the last several decades, money poured into hydro-electric technology has increased. It is really clean power, but hydro-electric power is apparently confined by geography. Large, older dams, even though already important as energy generators, have had issues with marine life disturbance. There has been mcuh effort done to protect the marine life but it's been expected. Because of this, there have been efforts to find ecologically sound, low-impact means to generate hydro-power. The reality of all of this information is that putting your money in the future of green energy is a smart thing to do.

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