Harnessing the money in wind power
Wind power has grown into a $107bn industry. Experts say that wind is an increasingly smart investment — here’s how to get into the vortex.
It’s a sight that tends to draw mixed responses. For some people, a rugged, windswept farmland scattered with scores of giant wind turbines is beautiful, futuristic spectacle. To others, the slow-moving behemoths taking over landscapes are an eyesore.
But regardless of the aesthetics, these turbines — and the energy they generate — are being seen as an increasingly attractive way to make money.
According to the UN, $286bn was invested into renewable energy last year. Of that, wind power made up $107bn, an increase of 9% from 2014. By 2022, the global wind power market could reach reach $308bn.
But you don’t need to shell out billions on a wind farm to invest in wind technology. You can get involved in a number of ways, from joining a crowdfunding co-operative to putting your money into renewable managed funds to investing directly in companies involved with wind power.
There are some risks. The price of oil and politics, to name a few, can have an effect on returns, but experts are optimistic about the industry in general. Watch the video above to find out more.
This story was produced under the BBC's guidelines for financial journalism. A full version of those guidelines can be found at bbc.co.uk/guidelines.