Citigroup: Outlook for global solar is getting brighter
Source: Reneweconomy.com.au, 13 Aug 2014
Leading investment bank Citigroup has painted an incredibly bright future for solar energy across the globe, arguing that its rapid expansion will be driven by “pure economics” and the growing need for diversity.
“We believe global solar growth will be driven by economics, fuel diversity and emerging financing vehicles as well as some country specific legislative overlay,” Citi analysts argue in a new report.
“Moreover, this growth looks set to continue for the long term, as solar takes an ever greater share of energy generation, helped by improving economics against fossil fuels.”
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