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Citi sees $5.7 trillion renewables opportunity – with no added grid costs
Citi report suggests another 900GW of solar, and another 1,500GW of wind energy can be built with little added expense to the world’s electricity grids. It says solar is likely to bump out peaking gas, while wind energy will erode the baseload of coal and nuclear. -
Obama slams door shut on coal, and opens the gate for solar
Citigroup sounds the death-knell for new coal investment in the world’s biggest economy, saying Obama’s new regulation, the plunging price of renewables and falling demand is squeezing it out of the market. It says coal can no longer compete with gas and solar. -
US utility chooses wind and solar – ‘cheaper and more reliable’
One of the biggest utilities in the US asks for more wind and solar because it is cheaper and more reliable than fossil fuel alternatives. ‘We are not taking on solar because we have to, but because it is cost-effective and economical,’ the company says. Welcome to a new energy world.
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