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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