Facebook’s newest data center in Altoona, Iowa, will run off of 100 percent wind energy, as tracked through renewable energy credits, when it starts serving the social network’s online traffic in early 2015, according to a company news release. Facebook plans to purchase electricity for the facility from a nearby wind farm in Wellsburg, Iowa.
Investing in Renewable Energy
In his new book “Investing in Renewable Energy: Making Money on Green Chip Stocks” (→read book discussion) Jeff Siegel explains how to position portfolios in order to achieve long-term investment success in the renewable energy field. CleanTechies has talked to the author about his book, his suggestions to investors and his personal career and investment experiences.
CleanTechies: Jeff, how do you define the target audience of your book? Do you want to appeal to institutional or individual investors?
Jeff Siegel: The book primarily addresses individual investors as most of the information found in it is information any institutional investor should already know. Though I have found that a lot of folks who are simply renewable energy advocates have been buying the book too. I think it provides a great resource for those who simply want to learn more about why the large-scale integration of renewable energy is inevitable.
CleanTechies: What do you suggest individual investors then – to invest in private companies, in publicly traded companies or in funds?