The solar energy industry has grown rapidly even as fossil fuels remain the dominant source of global energy use.
Top solar energy companies to invest in.
According to the international energy agency global renewable energy capacity is on track to expand by 1 200 gigawatts gw from 2019 to 2024 with solar powering 60 of that.
The company has the financial capacity to invest tens of billions of dollars in the coming years into developing new renewable energy projects with an outsized portion of that going toward solar.
Another way to invest in renewables is to focus on companies that operate renewable energy producing assets and sell the electricity they generate under long term fixed rate contracts.
However several renewable energy companies that focus on solar weren t quite as hot in 2019.
Solar industry companies come from multiple sectors including utilities.
The company reported second quarter revenue of 32 6 billion as production declined.
Because of that.