Solar installations to exceed wind installations in 2018, Goldman Sachs

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2.12.2015: Solar installations will exceed wind installations for the first time in 2018, with an installed base of almo
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Solar installations to exceed wind installations in 2018, Goldman Sachs

© Ronald Frommann / photon-pictures.com

2.12.2015: Solar installations will exceed wind installations for the first time in 2018, with an installed base of almost equal size by 2025, according to the report »The Low Carbon Economy« from US multinational investment banking firm Goldman Sachs Group, Inc. The company said that this result will be mainly due to the high flexibility in deployment and potential for further cost and improvements in the semiconductor-based technology drive particularly rapid growth for PV. The authors of the report also stressed that policymakers will constantly move the goal posts on solar and wind targets, creating upside risks for deployment rates. Especially emerging economies such as India, Brazil, Turkey, South Africa, and Thailand are seeing solar and wind as an increasingly attractive, rapidly deployable complement to conventional power generation. © PHOTON www.goldmansachs.com www.goldmansachs.com/our-thinking/pages/new-energy-landscape-folder/report-the-low-carboneconomy/report.pdf