19th-May-2008, 10:45 AM
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Join Date: May 2007
Posts: 2,333
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Booming industry and high CO2 abatement potential: Solar power will be cheaper than conventional energy in 10 years’ time / Sarasin launches the new index 'Sarasin European Solar Power'
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Solar energy’s CO2 abatement costs will sink to almost zero by 2018, making it cheaper than conventional forms of electricity or heat. As Bank Sarasin & Co. Ltd calculates in its latest annual update on the solar industry
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– the fifth report in the series – solar energy could save approximately three gigatons of carbon dioxide by 2030. At the same time, photovoltaic (PV) cell production continues to boom, up 44% on last year, when performance was already very strong. Bank Sarasin forecasts annual growth rates of 50% for PV for the rest of the decade. To provide investores with access to this attractive growth market, Bank Sarasin launches the new index "Sarasin European Solar Power ".
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