This Solar ETF Is a Great Play on Clean Energy’s Rise
May 23rd, 2008 | By Contrarian Profits | Category: Featured, Financial NewsCosts for solar thermal energy will be cheaper than coal as soon as 2020, according to a report from the US Department of Energy, making one solar ETF a great way to profit.
Google, Chevron and Goldman are all betting that this prediction is correct. This from Bloomberg:
Unlike photovoltaic solar panels that convert sunlight to electricity, solar thermal focuses sunrays with mirrors to heat oil in glass pipes to about 700 degrees Fahrenheit (370 degrees Celsius).