Carbon crash, solar dawn: Deutsche Bank on why solar has already won
Deutsche Bank says solar market is massive, will generate $5 trillion in revenue by 2030. It describes solar plus storage as next the killer app, and says even in India there will be 25% solar by 2022.
Deutsche Bank has produced another major report that suggests solar will become the dominant electricity source around the world as it beats conventional fuels, generates $5 trillion in revenue over the next 15 years, and displaces large amounts of fossil fuels.
In a detailed, 175-page report, the Deutsche analysts led by Vishal Shah say the market potential for solar is massive. Even now, with 130GW of solar installed, it accounts for just 1 per cent of the 6,000GW, or $2 trillion electricity market (that is an annual figure).
But by 2030, the solar market will increase 10-fold, as more than 100 million customers are added, and solar’s share of the electricity market jumps to 10 per cent. By 2050, it suggests, solar’s share will be 30 per cent of the market, and developing markets will see the greatest growth.
“Over the next 5-10 years, we expect new business models to generate a significant amount of economic and shareholder value,” the analysts write in the report. Within three years, the economics of solar will take over from policy drivers (subsidies),
READ MORE: http://reneweconomy.com.au/2015/carbon-crash-solar-dawn-deutsche-bank-on-why-solar-has-already-won-51105
ayatollah
No comments:
Post a Comment