Carson City 11/23/2011 8:00:00 PM
News / Stocks

Renewable Energy Today: Sunbelt International (SUNB)

Sunbelt International (SUNB) is a growing company that provides energy alternatives

Sunbelt International  (SUNB) is a growing company that provides energy alternatives, through its various solar energy and wind energy power solutions. The company is confident in the future of both energy sectors which fall under the greater clean energy market.

SUNB says it not only has the skills needed in the alternative energy industry but also quality, low cost solutions for pressing environmental issues. Considering that from 2007 to 2010, federal subsidies jumped to $14.7 billion from $5.1 billion, this represents major investment and commitment to this rapidly growing industry.

Certain States, like California, have sweetened the deal by offering their own tax breaks and by approving long-term power-purchase contracts. The government support — loan guarantees, cash grants and contracts that require electric customers to pay higher rates , have largely eliminated the risk to the private investors and almost guaranteed them large profits for years to come.

Wind power is growing at the rate of 30% annually, with a worldwide installed capacity of 198 gigawatts (GW) in 2010, and is widely used in Europe, Asia, and the United States. Solar production growth has averaged 40% per year since 2000 and installed capacity reached 39.8 GW at the end of 2010.

For further info: www.sunbeltenergy.net

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