Renewable energy funds to buy now

Here are three renewable energy funds to buy now, according to James Smith, fund manager at Premier Miton Global Renewables Trust

Light bulb is located on soil. plants grow on stacked coins showing renewable energy funds grow
(Image credit: Getty Images)

The past couple of years have been very difficult for investors in renewable energy companies. The sector has suffered from poor sentiment due to the upswing in interest rates, which has hurt valuations. However, the underlying attractions of renewable energy are, I believe, better than ever. 

Growth in renewable energy looks set to continue its rapid upward trajectory as governments around the world get serious about their obligations to reduce carbon emissions and tackle climate change. Major buyers of power, such as the multinational global technology companies, also have an important role to play. Many of these firms no longer see it as acceptable to power their growth with electricity generated by fossil fuels. Crucially, these are creditworthy counterparties with deep pockets. 

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

James Smith runs the Premier Miton Global Renewables Trust. He joined Premier Miton in June 2012 from Utilico, where he spent 14 years specialising in the global utilities, transportation infrastructure and renewable energy sectors. James is a Chartered Accountant and Barrister.