Trump May Not Like Alternative Energy, but Investors Should

The New York Times
By PAUL SULLIVAN
January 6, 2017

Given what President-​​elect Don­ald J. Trump has said about his energy strat­egy — he favors coal and wants to end fed­eral sub­si­dies to the clean energy indus­try — does it still make sense to invest in wind, solar and other alter­na­tive sources of power?

The answer is an emphatic yes, accord­ing to invest­ment advis­ers, who say clean energy com­pa­nies will con­tinue to thrive dur­ing a Trump admin­is­tra­tion, regard­less of what the pres­i­dent says or does. The sec­tor has become as much about get­ting returns on invest­ments and catch­ing the next tech­no­log­i­cal boom as it is about reduc­ing green­house gases and help­ing the environment.

And clean energy is cre­at­ing jobs in every state, not just the ones that have oil or gas in the ground. Even the most polit­i­cally con­ser­v­a­tive states, like Kansas and Iowa, are lead­ers in wind power and are likely to con­tinue invest­ing in it.

No longer is there a trade-​​off between what you believe in and what you can make money off of,” said Nancy Pfund, a founder and man­ag­ing part­ner of DBL Part­ners, which made early invest­ments in SolarCity and Tesla.

She pre­dicts that investors “are going to redou­ble their efforts to migrate their port­fo­lios to a 21st-​​century energy econ­omy.” Even with­out sub­si­dies, she said, alter­na­tive energy sources will be well posi­tioned to com­pete with coal and other car­bon spewers.

It really has to do with the cost of wind, solar and elec­tric cars com­pared to where we were 12 years ago,” Ms. Pfund said.

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