Renewable Energy Hits Global Tipping Point
“Numerous key markets have reached an inflection point where renewables will have become the cheapest form of new power generation by 2020, a dynamic we see spreading to nearly every country we cover,” says Stephen Byrd, who leads coverage of North American power and utilities and clean energy industries, and has been watching developments in this sector for the past several decades.
Thanks to years of heavy investment in new and more efficient technology and manufacturing capacities at greater scale and less cost, wind and solar power are winning over perhaps the most significant constituent in the global energy market: the large-scale utilities that generate, store and distribute power across vast energy grids to industrial, business and residential consumers. Globally, the rise of renewables is set have a dramatic effect on utilities, presenting investors and consumers with unique opportunities—as well as some potential pitfalls.
John Climatehawk Atkeison