Renewable energy maintains dominance in new grid capacity despite oil market volatility
The article discusses the current state of renewable energy in the context of geopolitical tensions in the Middle East and oil market dynamics. Despite Iran conflict developments and oil price movements, the piece highlights that clean power continues to dominate new electrical capacity additions to the grid, accounting for roughly 90% of all new capacity according to the CEO of the American Clean Power Association. The article suggests that renewable energy and related stocks remain strong investment opportunities despite headlines about fossil fuel volatility.
Key quotes
Clean power is responsible for roughly 90% of all new electrical capacity being added to the grid
Despite this news, oil prices remained relatively muted
WTI crude moved back above $75 per barrel at one point, but that's only back to levels
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