Solar stocks experienced a sharp jump following Germany’s announcement to shut all of its nuclear reactors by 2022. Germany plans to replace its nuclear reactors over the coming decade with renewable energy.
Just last year, Germany had decided to extend the life of its existing nuclear reactors, so the decision is an about-face in the wake of the Fukushima nuclear disaster in Japan. Germany has a goal of achieving 35 percent of its power from renewables by 2020.
Back in February, Germany actually cut its feed-in tariff for renewables by 15 percent, but it seems the political tide has turned quickly.
Apart from the political climate changing, Germany is already a world powerhouse in the the clean technology field. The country has been investing billions of euros in renewable energy and clean technology research, and in turn now makes billions from the emerging renewable energy industry.
Some of the U.S. listed solar stocks to see rises included: GT Solar International Inc, JA Solar Holdings, LDK Solar Co, Yingli Green Energy, First Solar Inc., Suntech Power Holdings Co, Trina Solar Ltd, ReneSola Ltd, Canadian Solar Inc.
Image CC licensed by Pure3d: Solar power plant in Bavaria, Germany.