7 Best Renewable Energy Stocks to Buy in July 2022 As climate change concerns have taken center stage, green energy sources are the stars and the best renewable energy stocks get the limelight. Improvements in technology, declining costs of renewable energy resources and advances in battery storage have all been providing tailwinds in the shift to alternative energy. For instance, 2021 saw a record amount of renewable electricity capacity additions — increasing 6% to almost 295 GW. More than $755 billion was invested in the energy transition last year, a 21% year-over-year (YOY) increase that also set a new record. Meanwhile, the decarbonization of the global economy calls for an estimated investment of roughly $100 trillion over the next three decades . It’s a huge opportunity for the best renewable energy stocks. In addition, Russia’s invasion of Ukraine has highlighted the importance of not depending on other nations for oil or other commodities. Thus, we are increasingly hearing proposals to increase the use of alternative energy sources.