Guinness: Alternative energy is only just starting to recover

ON ENERGY

Guinness Asset Management's fund manager Edward Guinness says alternative energy is only just starting to recover property from the 2008 crisis, creating a number of opportunities for investors.

The outlook for alternative energy remains challenging, with government budgets still under pressure, price weakness in US natural gas and project financing still difficult. However, it is the potential for these challenges to be overcome or to dissipate that provides cause for optimism for the sector. The area that is most exciting for 2014 and beyond is solar.  Solar costs have fallen by over 75%, spurring demand growth. Solar is now competitive without subsidies in an increasing number of countries. This is particularly important for emerging economies with structural electricity d...