"SINGAPORE - 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."
Henning Gloystein reports for Reuters March 14, 2019.
SEE ALSO:
"U.S. Solar Installations To Rebound In 2019 As Prices Plummet: Woodmac" (Reuters)
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