By Eric Worrall – Re-Blogged From WUWT
h/t James Delingpole – This is a bad year for renewable energy.
Goldman Sachs Puts a Grim Number on Solar Slump for This Year
By Chris Martin
20 July 2018
Anyone following clean energy knew this could be a tough year for solar. Goldman Sachs Group Inc. just put a grim number on how bad.
The pace of global installations will contract by 24 percent in 2018, Goldman analysts led by Brian Lee said in a research note late Wednesday. That’s far more dire than the 3 percent decline forecast by Bloomberg NEF in the bleakest of three scenarios outlined in a report earlier this month. Credit Suisse Group AG is forecasting a 17 percent contraction.