Why buy a renewable energy bond as the UK says bye to coal
Just one of the many reasons that investors are choosing to buy a renewable energy bond? Because the money can help contribute to ethical, clean renewable energy projects.
That’s a huge factor for a number of people looking to diversify their portfolios when they invest in a renewable energy bond. The opportunity to seriously grow savings through renewables may also become a lot more appealing in the near future too, as the UK looks to phase out coal entirely.
Why it makes financial sense to buy a renewable energy bond
The UK government has recently announced that it is looking to completely phase out electricity generation using coal. Instead, it wants to back more renewable sources of energy, such as offshore wind and marine projects.
That’s according to the Department for Business, Energy & Industrial Strategy. This will be music to the ears of anyone looking to buy a renewable energy bond and grow their money. For the rest of this Parliament, £730 million of annual support will be spent on renewable energy projects.
In fact, numerous projects across the UK appear to be pulling together to help the country meet its future renewable energy goals. Energy supplier Ecotricity has called for a push in farm digestion. Thousands of farmers are apparently able to help plug the government’s 12% deficit through biomethane solutions.
Plans already in place are starting to pay dividends too. Reports suggest that the UK managed to produce half of its energy from low-carbon sources for the first time ever in Q3 2016. Again, coal generation also dropped to its lowest point during this period, and was beaten by solar generation.
The data, provided by the Electric Insights Quarterly report, cites “the dramatic rise of renewable energy” for the statistics, with wind, solar and biomass producing 20% of our clean energy.
Get potential returns of 9% when you invest in a renewable bond
That’s fantastic news for people interested in growing their money through a renewable bond option. Renewable energy production and infrastructure is on the rise, not just in the UK but across the globe. This means there are numerous opportunities for people to support the sector, if they want to buy a renewable bond.
Argentina has recently announced that it is set to award $4 billion in grants to renewable energy developers. According to energy minister Juan Jose Aranguren, this money will mainly go towards wind and solar projects.
Iran’s renewable sector is also set to see massive growth. Meanwhile, Morocco has totally transformed the way it generates and stores energy, in the hope of becoming 100% renewable sooner rather than later.
While it isn’t the end of coal just yet, many other countries are looking to phase the non-renewable out of their energy plans. The growing list includes France, Canada, Austria, Germany and many others. Mass renewable energy and a low-carbon life is almost here. Time to take advantage and harness the economic benefits for yourself.
When you invest in a renewable bond, you’re also contributing towards the growth of the clean energy market. You could potentially be changing the way the nation (and the world) generates and consumes power. Contact the Heron Global Partners team today to find out more.