NewEnergyNews More: SOLAR CATCHING UP TO OIL

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  • Tuesday, May 5, 2015

    SOLAR CATCHING UP TO OIL

    Is Solar Energy Ready To Compete With Oil And Other Fossil Fuels? Gaurav Agnihotri, May 4, 2015 (NASDAQ)

    “…even the gulf region has now recognized the changing nature of global energy dynamics and the growing demand for sustainable energy…According to a report for the national bank of Abu Dhabi by the University of Cambridge and PWC…solar energy presents a significant opportunity to make savings, reduce fuel cost risks, achieve climate ambitions and, at the same time, keep more oil and gas available for export…The study says that more than half of global investment in new electricity generation is in renewables…[and] around $150 billion was invested globally in solar energy generation in 2014 and solar energy is all set to be at grid parity in 80% of the countries in the next two years…” click here for more

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