• 4 days Nuclear Bomb = Nuclear War: Saudi Arabia Will Develop Nuclear Bomb If Iran Does
  • 3 days Statoil Changes Name
  • 4 days Tillerson just sacked ... how will market react?
  • 3 days Russian hackers targeted American energy grid
  • 3 days Is $71 As Good As It Gets For Oil Bulls This Year?
  • 4 days Petrobras Narrows 2017 Loss, Net Debt Falls Below $85bn
  • 4 days Proton battery-alternative for lithium?
  • 4 days Ford Recalls 1.38 Million Vehicles (North America) For Loose Steering Wheel Bolt
  • 3 days Oil Boom Will Help Ghana To Be One Of The Fastest Growing¨Economies By 2018!
  • 3 days Country With Biggest Oil Reserves Biggest Threat to World Economy
  • 4 days I vote for Exxon
  • 3 days HAPPY RIG COUNT DAY!!
  • 4 days UK vs. Russia - Britain Expels 23 Russian Diplomats Over Chemical Attack On Ex-Spy.
  • 4 days Why is gold soooo boring?
  • 4 days South Korea Would Suspend Five Coal - Fire Power Plants.
  • 3 days Spotify to file $1 billion IPO
Alt Text

Solar Gaining Traction In Oil-Rich Qatar

Qatar’s plan to produce 20…

Alt Text

New Breakthrough Boosts Solar Fuel Efficiency

A new breakthrough from researchers…

Gloria Gonzalez

Gloria Gonzalez

Gloria is a writer for Environmental Finance.Environmental Finance is the leading global publication covering the ever-increasing impact of environmental issues on the lending, insurance, investment…

More Info

Trending Discussions

Solar’s Time in the Sun is Nigh, Say Financiers

The focus of growth in renewables is likely to flip from wind to solar, as the falling price of the technology and equipment make it more competitive with other renewables, experts said.

In the next five years, the renewable energy sector will be defined by tremendous growth in photovoltaic and thermal solar projects, financing experts told attendees of Argyle Executive Forum’s 2010 Deal Making in the Energy Sector conference in New York last week.

“Solar is going to be huge in the future,” said Geoff Broglio, vice president of Hudson Clean Energy Partners in Teaneck, New Jersey. “It’s growing tremendously now.”

Global wind installations have increased about 27% every year for the last decade, said Olav Junttila, partner with Greentech Capital Advisors based in New York. “That’s a pretty astonishing number,” he said. “I think we’re really going to see something very similar on the solar side.”

But there will be ups and downs in the solar sector, with feed-in tariffs being readjusted, in Europe especially, and investment tax credits in the US constantly in danger of expiration, he said. “But there is an underlying trend toward more cost competitiveness,” Junttila said. “There is so much supply at this point around the world that it’s going to keep those costs down.”

Meanwhile, one of the main drivers of costly solar projects is the “healthy” margins for manufacturers, he said. “You’ve got First Solar, the king of the industry, earning 40% margins on the manufacturing business,” Broglio said. “It’s been going on for a while, but that’s not really sustainable. That makes a technology look a lot more expensive, but the true cost is much lower.”

“The technology is better, the price is coming down and frankly it is something that can be more easily sited behind fences, closer to the load,” said David Bickham, a partner at law firm K&L Gates in Austin, Texas. “You’re not constrained by where the wind resources are.”

Wind will continue to be a big component of the renewable energy sector, but until transmission issues are resolved, wind projects will remain confined to selected areas where the transmission is already available or can be made available within a single state pretty quickly, he said.

But on a long-term basis, offshore wind will present a major opportunity once the supply chain is built, said Michael Donnelly, managing director at GE Equity in New York.

By. Gloria Gonzalez

Source: Environmental-Finance

Back to homepage

Trending Discussions

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News