Top Green Energy Stocks in Australia to Look Out for in 2023

Top Green Energy Stocks In Australia To Look Out For In 2023

Sharing is caring


Fossil fuels burned for energy have significant implications for the global climate and human health. The Intergovernmental Panel on Climate Change (IPCC) estimated that emissions from fossil fuels are the dominant cause of global warming. It was reported that 89% of global CO2 emissions came from fossil fuels and industry in 2018.

To reduce CO2 emissions and air pollution, the world is rapidly taking measures to shift towards low-carbon sources of energy, especially renewable or green energy. Keep reading to know the top green energy stocks in Australia worth investing in.

Green Energy Stocks - Wind turbine

GREEN ENERGIES

What is Green Energy?

Green energy, often called clean, sustainable, or renewable energy, is energy derived from natural sources like water, wind, and sun. Green energy production doesn’t release toxic greenhouse gases into the atmosphere and causes little or no environmental impact, unlike conventional forms of energy. Familiar green energy sources include,

  • Solar Energy: Harnessing radiant light and heat from the sun using a range of technologies, such as solar power, to generate electricity.
  • Wind Energy: Harnessing the kinetic energy of moving air using large wind turbines.
  • Hydropower: Harnessing the power of moving water, such as water flowing over a waterfall, to generate electricity. 
  • Geothermal Energy: Capturing and harnessing the heat within the Earth’s core.

Investing in Green Energy Stocks

As the world moves towards cleaner energy production and decarbonization, green energy companies developing alternative technologies to replace fossil fuels have ample room for growth. The global renewable energy market is projected to reach $1,977.6 billion by 2030, growing at a CAGR of 8.4% from 2021 to 2030. 

Green Energy stocks in Australia

RENEWABLE ENERGY MARKET

And 29% of Australia’s total electricity generation was from renewable energy sources: solar (12%), wind (10%), and hydro (6%) in 2021. So, through sustainable energy investments, you put money towards companies focused on renewable energy sources, which is the future of energy. 

Also Read: Top 3 Rare Earth Stocks in Australia to invest in Considering Market Growth in 2022

Take a look at these advanced green energy stocks in Australia to invest in for the year 2023.

Top 3 Green Energy Stocks in Australia For 2023

 

Origin Energy Limited

Origin Energy Limited (ASX: ORG) is an Australian energy company engaged in the exploration and production of natural gas, electricity generation, and wholesale and retail sale of electricity and gas and liquefied natural gas. 

Origin, one of the top ASX green energy stocks, produces power from solar, coal, wind, pumped water storage, and cogeneration plants. The company’s current projects include several large-scale solar developments and battery energy storage systems co-located with its existing power stations. Origin Energy has recently acquired the Yarrabee Solar Farm development project in southwest NSW and the Carisbrook Solar Farm in central Victoria to boost its renewable energy portfolio.

Frontier Energy Limited

Frontier Energy Limited (ASX: FHE) is a clean energy company advancing the development of the large-scale solar energy project known as Bristol Springs Solar – BSS Project. Located in the heart of Southwest Western Australia, the BSS Project seeks to become one of Australia’s first commercial green hydrogen projects. 

The company recently completed a pre-feasibility study, which found that the initial 114MW solar farm would produce approximately 4.4 million kilograms of green hydrogen per annum. 

ClearVue Technologies Limited

ClearVue Technologies Limited (ASX: CPV) is an Australian technology company primarily focused on integrating solar technology into building and agricultural industries to provide renewable energy. ClearVue Technologies, one of the best Australian renewable energy stocks, is involved in producing building-integrated photovoltaic cells, especially energy-efficient and energy-producing windows.

The windows are made with an interlayer made of a proprietary formulation of nano and microparticles (what they call ‘our magic dust’) to harness the energy from the sun. This innovative solution is currently being incorporated in areas like construction, greenhouses, Utilities & Infrastructure, etc., by harnessing the power of sunlight 

 

These three green energy stocks in Australia have greater scope and growth in the coming years due to their innovative solutions for renewable energies. With climate change on the rise, one should look for socially responsible investing. 

 

Disclaimer

The Content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations, and video (Content), is a service of COLITCO LLP and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such.

Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is not a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Colitco LLP is neither licensed nor qualified to provide investment advice through this platform. Users should make their inquiries about any investments, and Colitco LLP strongly suggests the users seek advice from a financial adviser, stockbroker, or other professional (including taxation and legal advice), as necessary.

Colitco, at this moment, disclaims any liabilities to any user for any direct, indirect, implied, punitive, special, incidental, or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Colitco LLP.

Some images/music used on this website is copyrighted to their respective owner(s). Colitco LLP does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions, or are believed to be in the public domain. We have used reasonable efforts to accredit the head wherever it was indicated as or found to be necessary.


Sharing is caring

Leave a Comment

Your email address will not be published. Required fields are marked *