Green Tech investing is heating up. As the climate change becomes more of a hot topic, investors look for profit in earth-friendly areas. Today, I’m going to briefly talk about one alternative energy source-wind farms.
You may have seen a wind farm before. If not, they’re collections of wind turbines-looking quite majestic. Typically, you’ll find wind farms where the air currents are best-California, Texas, Coppenhagen, etc.
It’s a common misconception that wind farms need to be built on land terrains, such as hills. There are also offshore wind farms. The coastal areas are perfect because of the constant wind flow that is associated with the area.
As the wind cranks up the wind turbines, electricity is generated. The blades on the wind turbine spin the shaft, which is connected to a generator. That generator uses its magnetic field to convert the energy into the electricity, which is then transported to a transformer. From there, it’s converted to the appropriate voltage and we all get to enjoy it.
Over the last couple of years investments in the Green Tech field have exploded by 500% and there’s no sign of this slowing down. Wall Street has many stocks that you can invest in to take advantage of this growth. Perhaps one of the best things about Green Tech investing is being able to profit off of something that’s help make the Earth a better place. If you’re interested in learning more, I’ve attached a couple of links below. Check them out. Happy investing!