What Looks Good to One Of World’s Largest Alternative Energy Investors? Let’s Ask Good Energies’ Michael Ware
Submitted by EnergyTechStocks.com
What looks good to the seldom-interviewed Michael Ware, a managing director at Good Energies, one of the largest investors in alternative energy in the world?
Ware, who is also a founder and board member of the American Council on Renewable Energy and has been involved in alternative energy in and out of government for decades, told EnergyTechStocks.com that:
* solar technology will continue to surge;
* there are “large opportunities” in smart grid technology;
* he is starting to look closely at wind turbine components companies;
* he would not be surprised to see conventional energy companies move into offshore wind given their drilling expertise.
Good Energies is known for its investments in solar and wind power. According to Ware, the global picture for solar continues to be bright thanks to, among other things, European feed-in tariffs, growth in China and other parts of Asia, and the potential for growth in India, which he thinks finally is focused on solar and other alternative energy sectors.
Ware’s positive outlook for solar comes despite what he called “some chilling effect” he anticipates from the U.S. Congress’s failure to extend financial incentives for solar and wind development in the U.S. He doesn’t expect any long-term problems to result, noting that whoever is the next U.S. president, renewable energy is going to be on the table. He further noted that he expects new technologies to keep driving down the cost of solar, resulting in even greater acceptance of this green power source. He added that he is agnostic when it comes to choosing which specific solar technologies to invest in.
While he said that smart grid technology has “a lot of potential,” Ware cautioned that, “The field is very full of companies,” and that likely winners were not yet immediately apparent. He said that he’s still in the looking stage with companies that make components such as controller systems for wind power units. He added that it’s only logical to think that oil and gas companies are going to move into offshore wind power, though he doesn’t know who or when that may occur.
