The Bullish Outlook on the Upcoming
Solar+ Decade and the Future of Energy in America
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Phoenix, AZ -- February 13, 2020 -- InvestorsHub NewsWire --
SinglePoint Inc. (OTCQB:SING)
acquired Direct Solar America, which is a unique and scalable
national solar energy brokerage. Focused on finding and arranging
installation of the best available solar energy system for any
residential home or commercial building. In a little over six
months since the acquisition revenues and coverage has expanded,
firmly establishing the company’s footprint in the solar sector,
which is predicted to continue growing throughout the next
decade.
The Solar Energy Industries Association® is the national trade
association of the U.S. solar energy industry, and is calling the
next decade the “Solar+ Decade,” an
era in which the industry will become the dominant source of new
electricity generation. The 2020s won't just be the Solar
Decade – it will be the Solar+ Decade, where Solar +
Storage, Solar
+ Grid Modernization, Solar +
Diversity, Solar +
Trade, Solar +
Finance, and many other collaborations shape the future of
energy in America.
Renewable Energy, specifically solar, is continuing to show a
bullish outlook and trend. The appetite of residential consumers,
energy-hungry businesses and factories are expected to be the
biggest driver of the solar power boom as clients looking for solar
power options exploit falling costs to help cut their energy bills.
Recently, the International Energy Agency (IEA) found that
solar, wind and hydropower projects are rolling out at their
fastest rate in four years. Its report predicted that by 2024
a new dawn for cheap solar power could see the world’s solar
capacity grow by 600GW, almost double the installed total
electricity capacity of Japan. Overall, renewable electricity is
expected to grow by 1,200GW in the next five years, the equivalent
of the total electricity capacity of the US.
Solar and Renewable Energy have been an emerging growth sector
throughout 2019 and indications suggest continued growth for 2020
and beyond. According to an article in Forbes the
best ETF in 2019 was TAN which increased over 50% in just one year.
The same article goes on to talk about how Warren Buffett has
started the biggest energy revolution ever by investing in the
largest solar project in America. It further details the
following…
”Solar power has reached the historic inflection point in cost,
I expect the beginning of a massive solar park buildout around the
world. The best news for investors, we are still in the early
innings of this energy revolution.”
Solar is becoming affordable, it is also top of mind for many
homeowners and business owners looking to offset energy costs and
go green to reduce their carbon footprint. The
Mercury News recently interviewed solar expert Barry
Cinnamon who discusses how California will eventually have solar on
every home. Due to climate change, falling prices and efficiencies,
the trend is clear, California will be a leader in implementing
solar and driving additional sales through its building code that
went into effect on January 1, 2020 mandating solar on all new
homes being developed.
There are dozens of articles that continue to outline the
opportunity as solar grows such as the ones below.
https://www.forbes.com/sites/joshuarhodes/2020/02/03/the-us-solar-industry-in-2020/#64c2533f5ed3
https://www.forbes.com/sites/forbesfinancecouncil/2020/02/11/why-solar-investments-make-sense-for-family-offices/#192320871107
https://www.greentechmedia.com/articles/read/fitch-solar-projects-much-more-reliable-performers-than-wind-farms
The bullish outlook for 2020 and beyond continues for solar and
renewable energy.
About SinglePoint, Inc.
Founded in 2011 SinglePoint, Inc (SING)
invests in and acquires brands and companies that will benefit from
injection of growth capital and the sales and marketing expertise
of SinglePoint. The company portfolio currently includes solar,
hemp and technology applications. SinglePoint is working to grow
the company to a multinational brand.
Connect on social media at:
https://www.facebook.com/SinglePointMobile
https://twitter.com/_SinglePoint
https://www.linkedin.com/company/singlepoint
https://www.youtube.com/user/SinglePointMobile
For more information visit: www.SinglePoint.com
Forward-Looking Statements
Certain statements in this news release may contain forward-looking
information within the meaning of Rule 175 under the Securities Act
of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934,
and are subject to the safe harbor created by those rules. All
statements, other than statements of fact, included in this
release, including, without limitation, statements regarding
potential future plans and objectives of the Company, are
forward-looking statements that involve risks and uncertainties.
There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ
materially from those anticipated in such statements.
Technical complications, which may arise, could prevent the
prompt implementation of any strategically significant plan(s)
outlined above. The Company undertakes no duty to revise or update
any forward-looking statements to reflect events or circumstances
after the date of this release.
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KEYWORDS: SOLAR, SOLAR STOCK, SOLAR PANELS, RENEWABLE ENERGY,
SOLAR PUBLIC COMPANY
Corporate Communication
SinglePoint Inc.
888-OTC-SING
investors@singlepoint.com
www.singlepoint.com
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