• 3 minutes Oil Price Could Fall To $30 If Global Deal Not Extended
  • 8 minutes Why Is America (Texas) Burning Millions of Dollars Per Day Of Natural Gas?
  • 11 minutes Is $60/Bbl WTI still considered a break even for Shale Oil
  • 15 minutes CNN:America's oil boom will break more records this year. OPEC is stuck in retreat
  • 18 mins The Pope: "Climate change ... doomsday predictions can no longer be met with irony or disdain."
  • 7 hours Hormuz and surrounding waters: Energy Threats to the World: Oil, LNG, shipping markets digest new risks after Strait of Hormuz attack
  • 11 hours As Iran Nuclear Deal Flounders, France Turns To Saudi For Oil
  • 7 hours The Magic and Wonders of US Shale Supply: Keeping energy price shock minimised: US oil supply keeping lid on prices despite global risks: IEA chief
  • 16 hours Middle East on brink: Oil tankers attacked off Oman
  • 7 hours Russia removes special military forces from Venezuela . . . . Maduro gone by September ? . . . Oil starts to flow ? Think so . .
  • 10 hours Never Knew Gasoline Prices were this important!
  • 9 hours (Un)expectedly: UK Court Sets Assange U.S. Extradition Hearing For February 2020
  • 1 day Emmissions up, renewables nowhere
  • 1 day Magic of Shale: EXPORTS!! Crude Exporters Navigate Gulf Coast Terminal Constraints
  • 4 hours We Are Better Than This
  • 1 day Only one country is contemplating destroying its own resource sector: Canada
  • 8 hours The Latest: Iranian FM Says US Cannot Expect To ‘Stay Safe’
Alt Text

Tesla Closing Down Solar Capacity

Tesla is closing down solar…

Alt Text

$200 Billion Saudi Solar Megaproject Might Never Happen

The $200-billion solar power project…

Alt Text

India Surges Ahead In Global Solar Race

India is soaring past the…

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




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment

Leave a comment





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