Bendygo, Canada’s Premier Provider of Solar Energy Solutions, Comments on Solar as an Investment
Toronto, Canada (PRWEB) June 16, 2014 -- Bendygo (http://www.Bendygo.com), Canada’s premier developer, builder, owner, and operator of solar and energy-saving solutions for residential and commercial power generation, is commenting on how solar energy is the undeniable new norm of the future and comparing how its impact could be similar to the introduction of Netflix to the DVD market.
“It’s exciting now that solar is readily available to the average consumer,” says Graeme Burns, vice president of sales at Bendygo. “The increased production in China has caused a 60%-70% drop in cost over the last five years and those numbers are only going to improve. With solar energy finally to the point where it is an affordable option for regular consumers, it is becoming increasingly alluring for long-term investment. It’s a wonderful time to be in the renewable energy market.”
In no country is that more clear than in the United States, where, for the first time, residential solar installation has surpassed commercial solar installation. Worldwide, solar installations grew by 41% in 2013 and solar is second only to natural gas, accounting for 29% of all new electricity generation capacity. Burns notes that solar now represents over three-quarters of new electricity generation, indicating that it really is more than a trend and is quickly becoming a staple. (Source: Pelletier, M., “How solar energy is taking the shine off coal for investors,” Financial Post, June 9, 2014; http://business.financialpost.com/2014/06/09/how-solar-energy-is-taking-the-shine-off-coal-for-investors/.)
In addition, investor Warren Buffett just announced that his company, Berkshire Hathaway, is ready to pump another $15.0 billion into wind and solar power—this is after already spending an estimated initial $15.0 billion. And in Canada, Alberta is expecting a serious shift from coal to renewable energy, as over half the coal fleet is expected to retire in the next 15 years. (Source: Green, H., “Warren Buffett was spending $15bn on renewable energy. He’s now upped that to $30bn,” City A.M. web site, June 10, 2014; http://www.cityam.com/blog/1402395764/warren-buffett-was-spending-15bn-renewable-energy-he-s-now-upped-30bn.)
“We’ll continue pushing the benefits of solar installations here at Bendygo. It’s an industry we’re comfortable with and know how to operate,” Burns concludes. “It’s good to see that some confidence is being shown in the future of renewable energy.”
Bendygo, a full-service Canadian developer, builder, owner, and operator of solar energy projects, offers complete, renewable energy power solutions. The company specializes in developing client-based, grid-connected, residential, and commercial solar power generation facilities. Bendygo finances, develops, builds, owns, operates, and maintains solar power projects on building rooftops or land and has a proven track record of helping make solar power work for homeowners, farmers, and industrial and commercial customers. To learn more about Bendygo, visit http://www.bendygo.com or contact Bendygo at 1-866-617-8940 or by e-mail at info(at)bendygo(dot)com.
Jeremy Chen, Bendygo, http://www.bendygo.com/, +1 905-695-5461, [email protected]
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