Mississauga, ON -- (SBWIRE) -- 07/07/2015 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Green Planet's Financials Continue To Improve."
Companies mentioned in this article include Green Planet Group Inc. (OTCPK:GNPG).
According to investment research firm Zacks, despite the challenging macroeconomic environment, the long-term outlook for the alternative energy space is solid. Zacks, citing the U.S. Energy Information Administration, noted in its report that renewable energy will be the fastest growing power source through 2040.
The current transition in global energy markets is being driven by wind and solar. Zacks though noted in its report that niche renewable energy sources such as geothermal and concentrated solar power are also seeing growth. Ocean power technology is another area where some focus has shifted lately. Although not in commercial stage, Zacks believes there is prospect in harnessing sea power.
According to a report from the Federal Energy Regulatory Commission, alternative sources such as wind, solar, geothermal, and hydropower together provided more than 75% of the 1,229 megawatts of new U.S. electrical generating capacity in the first quarter of 2015.
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