Green Energy Soon To Become Cheaper Than the Traditional Stuff, Investors Raking In Cash

I know there are those out there who doubt that renewable energy is ready for prime time and that investors in this space are headed for disaster.  Don’t tell that to the investors of Danish utility DONG Energy, who are doing quite nicely.

From the article:

Shares in DONG Energy jumped more than 10 percent on Thursday after the Danish utility and wind farm developer pulled off Europe’s biggest stock market flotation this year.

Analysts said the strong debut, coupled with a move by shareholders in E.ON to back the German utility’s retreat from fossil fuel, showed investors were growing in confidence about the future for renewable energy as technologies improve and governments commit to curbing carbon emissions.

“It is our clear impression the green transition has a pretty strong momentum,” DONG Chief Executive Henrik Poulsen told Reuters. “Our vision is that green energy will be cheaper than conventional energy. It can happen within a decade.”