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(Xpost fm GR) UBS: Solar will soon be 'default technology of the future'
UBS: Solar will soon be 'default technology of the future'
By Robert Walton
June 9, 2015
Dive Brief:
- Analysts at UBS say solar generation will continue to expand, eventually replacing coal and nuclear sources as cleaner energy becomes the "default technology of the future" around the globe.
- As much as 10% of the world's power could be generated from the sun within a decade, UBS said. The firm expects installed capacity to triple by 2025.
- By some estimates, the United States had about 13 GW of total solar capacity at the end of 2013, and data from the U.S. Energy Information Administration shows the country generated 15,874,000 MWh from solar PV last year.
By Robert Walton
June 9, 2015
Dive Brief:
- Analysts at UBS say solar generation will continue to expand, eventually replacing coal and nuclear sources as cleaner energy becomes the "default technology of the future" around the globe.
- As much as 10% of the world's power could be generated from the sun within a decade, UBS said. The firm expects installed capacity to triple by 2025.
- By some estimates, the United States had about 13 GW of total solar capacity at the end of 2013, and data from the U.S. Energy Information Administration shows the country generated 15,874,000 MWh from solar PV last year.
More at: http://www.utilitydive.com/news/ubs-solar-will-soon-be-default-technology-of-the-future/400443/
