Nordex, Orsted higher as IEA sees massive renewable capacity growth By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 09 2024
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Should l Buy ?
Source: Investing.com
Renewable Energy Growth: The International Energy Agency (IEA) reports a significant increase in global renewable energy capacity, particularly in wind and solar, with expectations of 5,500 gigawatts added by 2030, driven by government policies and declining technology costs.
Market Opportunities for Companies: Companies like Nordex and Orsted are well-positioned to benefit from this growth, as the wind and solar sectors expand rapidly, with China leading the way in capacity expansion and the U.S. and EU implementing supportive policies.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
