(2-minute read) Renewable energy sources such as wind power made up only 20% of U.S. electricity generation in 2020. That's changing quickly, though.

May 15, 2021 Wind Will Help Power the New American Economy By Jay Goldberg, Assistant Managing Editor Dear Smart Investor, On Tuesday, the Biden administration announced the first major offshore wind project in the U.S. When completed, the 84-turbine wind farm near Martha’s Vineyard in Massachusetts should generate enough electricity to power 400,000 homes and businesses, according to estimates from the Bureau of Ocean Energy Management. This massive project is just the beginning, though. That’s because in March, the Biden administration launched a clean energy initiative calling for 30 gigawatts of offshore wind power by 2030. The Martha’s Vineyard wind farm will only generate 800 megawatts, which covers less than 3% of the overall goal. “We’re going to power our economy with clean energy,” says White House National Climate Adviser Gina McCarthy. Read on to see why investors need to pay attention to wind power right now… “It’s the End of the Dow” Ian King correctly called the 2008 crash … a move that sent his former hedge fund soaring 1,700% in just two years and lifted King’s name into the “world’s best investor” category. But recently, King made an even bolder prediction: the end of the Dow. He reveals everything in this new, controversial video presentation. Wind Power Is Growing Fast In 2020, natural gas, nuclear power and coal accounted for 79% of U.S. electricity generation, according to the Energy Information Administration. Renewable energy sources such as wind and solar power made up only 20%. (Source: Energy Information Administration.) That’s changing quickly, though. A new report from the International Energy Agency shows that the amount of global renewable energy capacity added in 2020 was 45% greater than in 2019. And that’s despite construction delays caused by the COVID-19 pandemic. The fastest-growing power source is wind. New global wind power capacity rose 90% between 2019 and 2020. Annual Wind Capacity Additions, 2014–2022 (Source: International Energy Agency.) The blue line in the above chart shows the percentage of wind power that comes from offshore wind farms such as the Martha’s Vineyard project. Offshore wind was only 5.5% of wind power in 2020. But that number is expected to grow to 12.3% in 2021 and 11.7% in 2022. It’s the Perfect Time to Invest in Wind Power By 2050, wind energy is expected to more than quadruple its market share from 7% to 33% of global power generation. (Source: Bloomberg.) That’s why Ian King told his readers in May’s Strategic Fortunes newsletter that now is the perfect time to invest in wind power. His stock recommendation is an undervalued wind power company that could deliver a 103% gain in the next 18 months. Click here to learn about Ian's strategy for investing in big, growing industries like wind power. Regards, Jay Goldberg Assistant Managing Editor, Banyan Hill Publishing Bitcoin Banking for the Masses Is Here Why You Shouldn't Buy Dogecoin Why Inflation Fears Threaten Our Economy Lumber's Surge Says Home Prices Could Gain Even More This Lesson Applies No Matter What Your Age Forget Dogecoin — Buy This Instead Retirement Help Is on the Way WATCH: Trillion-Dollar Secret Tech Revolution     Privacy Policy Smart Profits Daily, P.O. Box 8378, Delray Beach, FL 33482. To unsubscribe from Smart Profits Daily emails, click here. To ensure that you receive future issues of Smart Profits Daily, please add info@mb.banyanhill.com to your address book or whitelist within your spam settings. For customer service questions or issues, please contact us for assistance. The mailbox associated with this email address is not monitored, so please do not reply. 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