Solar is taking off. I don't know what it's like where you live, but here in the outer suburbs of Maryland, solar panels are going up like aluminum siding in the 1950s. Not only is it trendy, but it's also ugly and seems to make fiscal sense.
What you may not know is that black mirrors on McMansions are only half the story. Solar demand from corporations is up huge.
AT&T is buying up 500 megawatts (MW) from the 1.3-gigawatt (GW) Samson Solar Energy Center in Texas. This massive solar project will be one of the biggest in the world when completed.
But it’s not just AT&T that’s buying up capacity.
According to pv magazine, “The rest of the project's capacity is also contracted under similar corporate purchase agreements with Honda (200 MW), McDonald’s (160 MW), Google (100 MW), Home Depot (50 MW), and the cities of Bryan (150 MW), Denton (75 MW), and Garland (25 MW)."
10 Dividend Leaders Ready To Run
Many top companies have pledged to go zero emission over the next 10 years or so, and it would seem they are putting their money where their mouths are. So much for evil capitalism.
Solar Is a Market Darling
Solar companies are up big this year. The Invesco Solar ETF (NYSE: TAN) has been flying and given the breakout, it looks like it has more room to run.
Wood Mackenzie, the Wall Street soothsayer, has put out its prediction. This year, solar producers haven't been able to keep up with demand due to COVID-19. But WoodMac believes that next year solar production will boom. The company has increased its 2021–2025 projections by 5 gigawatts.
It might be underplaying it. Joe Biden was recently elected and his handlers will be pushing green energy. There will be subsidies and job programs, climate agreements and dole outs, tax cuts and appropriations…
The money will flow like water, and solar companies will be at the head of the trough. But I’m not complaining. I’m going to make some money.
Is Amazon obligated to pay you? [sponsor]
NOW OPEN TO EVERYDAY AMERICANS: The Billionaire Income Secret That's Forcing Amazon to Pay Out Prime Profits Every Time a Parcel Leaves the Warehouse Floor.
The next payout is coming soon.
Click here for details.
