31 Aug '14, 12pm

World's largest private bank predicts solar-led power revolution. Read more:

World's largest private bank predicts solar-led power revolution 28. August 2014 | Applications & Installations , Global PV markets , Industry & Suppliers , Markets & Trends | By: Ian Clover UBS Bank believes large-scale power stations will be redundant within 10-20 years, with solar technology taking their place as chief power source. UBS' calculations - based here on Germany's economy - suggest 2020 will be solar's tipping point.UBS Zurich's UBS Bank – the largest private bank in the world – has this week issued an extraordinary briefing paper to its clients and investors, advising them that "large-scale, centralized power stations" are 10-20 years away from extinction, and has backed solar PV as the power source most likely to rise to the fore. The bank's leading analysts expect solar technologies, cheaper storage and the rise in electric vehicles to ring the death knel...

Full article: http://www.pv-magazine.com/news/details/beitrag/worlds-la...

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