Solar investment remains strong despite warnings!

Renewable energy is becoming big business with large investments by big name players such as Google.org.

 

*Google has recently announced three investments in Alternative energy companies two of which are using solar thermal principles. Solar thermal power stations concentrate sunlight with the use of mirrors to get super hot temperatures. This concentrated energy heats up a liquid (commonly water) to its gaseous state and that gas (steam) is used to drive turbines which in turn output electricity.

 

One of the companies that Google.org has invested in is BrightSource Energy who has announced it has been able to raise investment of $ 115 million from investors which include names like BP Alternative Energy and Draper Fisher Jurvetson. Last month, BrightSource signed the biggest solar deal ever, agreeing to deliver 900 megawatts of power to the California utility, PG&E.

 

**All of this comes at a time where there is some speculation that a bubble may be forming  within the renewable energy sector. A report published by KPMG lists bidder competition for assets as being the force causing these sector prices to become overvalued.

 

***Reports on www.RenewableEnergyStocks.com, has reported that many solar based indices are up despite the continuing struggle by the solar industry in the US to secure subsidies that the oil industry has enjoyed for years. According to solar expert J.Peter Lynch, “Solar Stocks have again surprised the street and beaten estimates, some by a wide margin. I do expect that the industry will see some margin pressures in 2009, but for now solar stocks have regained momentum and are for the most part technically strong.”

 

*Source: http://blog.wired.com/

** Source: http://uk.reuters.com/

*** Source: http://money.cnn.com/

Tags: Alternative Energy, Investors, Solar, Solar Energy