March 14, 2019

THE GREEN OLD DEAL:

Large-scale solar power set for double-digit growth: Goldman Sachs (Henning Gloystein, 3/14/19, Reuters) 

Utility-scale solar power capacity is expected to grow by double digits globally in 2019 and 2020, driven by expansions in the United States, Europe, Middle East and China, U.S. bank Goldman Sachs said on Thursday.

Solar power is the fastest growing source of electricity generation, taking market share from fossil fuels like thermal coal and natural gas as governments and companies increasingly introduce clean energy targets.

"We expect the combination of lower costs for solar and favorable policy support providing a multi-year runway for utility-scale to drive meaningful upside to the market," the U.S. investment bank said in a research note.

Posted by at March 14, 2019 8:41 AM

  

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