Barclays: solar power threatens US utilities
As renewables grow in scale, and fall in price, the threat to electric utilities becomes ever more clear, writes Tyler Hamilton.
Join the discussion below, or Read more at The Ecologist.
#1 Jun 13, 2014
"Banking titan Barclays is the latest."
"The London-based investment bank revealed this week that it had downgraded the high-grade corporate bonds of the entire US electric utility sector, citing "a confluence of declining cost trends in distributed solar PV power generation and residential-scale power storage.""
When banking entities start downgrading the worth of the Utilities, it's time for the seven figure salaried CEOs to stop making excuses and blaming higher electric costs on someone else. Find a new business model or become obsolete.
NRG Energy is the only large scale electric Utility that actually wants to get into the distributed solar business. NRG seems to want to install and lease solar PV systems for homes and businesses. They also want to set up a home system that can generate, store, and even have a small backup natural gas generator as a complete home system.
#3 Jun 18, 2014
Barclays warned that solar and storage combined is "likely to disrupt the status quo."
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