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Highlights
- As the world is moving away from fossil fuels towards alternative sources of energy, the renewable energy industry is gaining a lot of attention.
- The UK, which is among the global climate leaders, aims to fulfil 100% of its energy needs using renewable sources by 2035.
- The renewable energy stocks are on the radar of investors as the demand for renewable energy is rising.
As the world is moving away from fossil fuels and shifting towards alternative sources of energy, the renewable energy industry is gaining a lot of attention globally. With ambitious net zero goals, the UK is among the global climate leaders taking action to preserve the world from the climate change catastrophe.
The UK aims to fulfil 100% of its energy needs using renewable sources by 2035 and thus it has begun large funding drives to promote renewable energy production and usage. As the demand for renewable energy is expected to rise significantly in the coming years, the renewable energy stocks are on the radar of investors.
Here are 5 UK renewable stocks that you can buy in 2022.
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RELATED READ: What Are The Top Renewable Energy Shares On LSE?
Greencoat UK Wind PLC (LON: UKW)
Leading renewable infrastructure fund Greencoat UK Wind PLC operates wind farms in the UK. The market cap of the FTSE250-listed company stood at £2,906.70 million as of 14 December 2021.
What are the prospects for renewable energy stocks for 2022?
It has given a return of 5.12% to its shareholders in the last one year and its year-to-date return stands at 1.76% as of 14 December 2021. Greencoat UK Wind PLC’s shares were trading at GBX 136.60, up by 0.40%, at 3:30 PM (GMT) on 15 December 2021.
Gore Street Energy Storage Fund PLC (LON: GSF)
London's first listed energy storage fund Gore Street Energy Storage Fund PLC invests in the growth of renewable assets across the UK as well as globally. With LSE’s green economy mark, the market cap of the company stood at £400.24 million as of 14 December 2021. It has given a return of 9.43% to its shareholders in the last one year and its year-to-date return stands at 11.54% as of 14 December 2021. Gore Street Energy Storage Fund PLC’s shares were trading at GBX 115.40, down by 0.86%, at 3:30 PM (GMT) on 15 December 2021.
AFC Energy plc (LON: AFC)
Aiming at global energy transition, leading UK-based company AFC Energy plc provides hydrogen fuel cell power systems for the sustainable generation of clean energy. With LSE’s green economy mark, the market cap of the AIM-listed company stood at £340.80 million as of 14 December 2021. It has given a return of 28.21% to its shareholders in the last year and its year-to-date return stands at -40.26%. AFC Energy PLC’s shares were trading at GBX 46.95, up by 0.43%, at 3.30 PM (GMT) on 15 December 2021.
RELATABLE READ: 3 AIM renewable stocks to buy as the space hots up with new funding
Inspired PLC (LON: INSE)
UK-based energy consultancy firm Inspired PLC is a major market player offering support to the most cost-effective energy solutions. With a green economy mark on the LSE, the market cap of the AIM-listed company stands at £158.42 million as of 14 December 2021. It has given a return of 18.48% to its shareholders in the last one year and its year-to-date return stands at 16.08% as of 14 December 2021. Inspired PLC’s shares were trading at GBX 16.00, down by 1.54%, at 3.30 PM (GMT) on 15 December 2021.
EQTEC PLC (LON: EQT)
Specialising in gasification technology, EQTEC PLC is a multinational bioscience energy firm operating in the UK and Ireland. With a green economy mark on the LSE, the market capitalisation of the AIM-listed company stood at £109.61 million as of 14 December 2021. It has given a return of 18.89% to its shareholders in the last one year and its year-to-date return stands at -51.18% as of 14 December 2021. EQTEC PLC’s shares were trading at GBX 1.28, down by 1.92%, at 3.30 PM (GMT) on 15 December 2021.
