30 Mar '14, 2pm

#peakoil Citigroup says the ‘Age of Renewables’ has begun: Investment banking giant Citigroup has hailed the s...

Davy, Hermann, MO on Sun, 30th Mar 2014 1:44 pm ARTICLE SAID – Investment banking giant Citigroup has hailed the start of the “age of renewables” in the United States, the world’s biggest electricity market, saying that solar and wind energy are getting competitive with natural gas peaking and baseload plants – even in the US where gas prices are said to be low. ARTICLE SAID – It notes that nuclear and coal are structurally disadvantaged because both technologies are viewed as uncompetitive on cost. Environmental regulations are making coal even pricier, and the ageing nuclear fleet in the US is facing plant shutdowns due to the challenging economics. I see a 5 year golden age of solar and wind. It will be subject to financial situations and PO dynamics. The cost of money and availability of capital will be the key drivers in the future and the trend is definitely uncertai...

Full article: http://peakoil.com/alternative-energy/citigroup-says-the-...

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'Age of Renewables' Beginning, Says Citigroup

'Age of Renewables' Beginning, Says Citigroup

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Investment banking giant Citigroup has hailed the start of the “age of renewables” in the United States, the world’s bigge...

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