Busting the top myths around renewable investing

February 10 2020
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Promoted by Australian Solar Investments Limited

Determining the truth and the misconceptions behind investing in renewable energy.

As with any new opportunity or investment opportunity in general, there are bound to be concerns, worries about risk and a myriad of questions. I completely understand and it’s no different with renewable energy investing.

Is the technology profitable?

Yes and its profitability has the potential to increase as the days go on. The growth of the renewables industry continues to drive both technological developments and cost reductions, meaning renewable energy can, and is, profitable.

Is government policy standing in the way of renewables?

Yes and no! At a federal level, government policy can be said to be standing somewhat in the way of renewables, however many of the Australian states and territories appear to be picking up the slack. Some federal energy and emissions targets have been built on poorly designed policy but much of that may be down to the fact that not many people imagined renewable energy would be accepted and taken up quite so quickly and in such numbers.

Is this new technology so new that it makes people sceptical? Or is it selfish because it disrupts the grid with ‘always on’ coal?

There’s a lot going on with these concerns. While some people may be sceptical of such new, and fast moving technology, the majority of people are, in fact, eager to embrace renewable energy – for a myriad of reasons including cost of living savings, creating a more sustainable energy production option and getting in on the ground floor to the future of energy in Australia.

Advocates of coal and nuclear energy have argued that the decline of so-called ‘baseload’ power sources such as coal and nuclear power and the uptake of renewable energy sources such as wind and solar could lead to power grid failure. However, research coming out of report conducted by the likes of the US Department of Energy clearly state that the grid has become more reliable and flexible than ever before with renewables. It also can provide more affordable and stable electricity pricing for consumers. Overall, there’s an increasing body of research around the world finding evidence of the power grid’s reliability – with increasing renewable energy inputs.

More information:

You can get more information about our renewable energy investment opportunities for your clients at https://austsolarinvestments.com.au/invest/

Warren Murphy, Chairman & Managing Director

Warren is a senior executive with over 20 years of experience in the energy and finance sectors. He has been a member of numerous investment committees and audit and compliance committees for public companies and for funds. He led the team that created Australia’s largest renewable energy company, Infigen Energy (and its unlisted predecessor, Global Wind Partners) where he served as a director for over seven years. He has also served on a number of public company boards, both listed and unlisted, including Coogee Resources Limited and Sydney Gas Limited. He is currently a director of Carbonxt Group Ltd.

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