Solar to thrive on 'pure economics'

By John Conroy

According to the website, Citi's report Energy 2020: The Revolution Will not be Televised as Disruptors Multiply says the falling cost, good adoption by utilities and increasing access to low-cost finance – such as 'yield co' investment vehicles – bode well for solar, even if government support takes a "backseat". "Alongside this, Citigroup said the need for utilities to diversify their fuel mix as a bulwark against fluctuations in fossil fuel prices would prompt them to take more of an interest in solar rather than natural gas to meet peak demand," PV-Tech said. “We believe global solar growth will be driven by economics, fuel diversity and emerging financing vehicles as well as some country specific legislative overlay.

Read more here: Business Spectator


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