The need of Silver in Solar Panels22 Sep 2021 11:05
According to a recent report by Bloomberg NEF, 18.5 tonnes of silver is required per gigawatt of power capacity from solar panels. The NEO (New Energy Outlook) report also highlights that by 2050, it is envisaged that approximately 25% of renewable energy will come from solar and 40% from wind. On those basis, I have bought into Fresnillo today as one of the worlds largest silver miners and BHP being the same for copper, given Wind requires nearly 3000 tonnes of copper per gigawatt and 150,000 tonnes of steel. As a long term investment, both of these companies should significantly benefit from the Green Revolution. GLA