Barclays warned that solar and storage combined is “likely to disrupt the status quo.” It already has in Hawaii, and it expects California, New York, and Arizona to closely follow before spreading to the rest of the United States.
“In the 100-plus year history of the electric utility industry, there has never before been a truly cost-competitive substitute available for grid power,” the bank said. “We believe that solar plus storage could reconfigure the organization and regulation of the electric power business over the coming decade. We see near-term risks to credit from regulators and utilities falling behind the solar plus storage option curve and long-term risks from a comprehensive re-imaging of the role utilities play in providing electric power.”Corporate Knights
As Barron’s reported, “It’s a noteworthy downgrade.” Electric utilities, it added, “make up nearly 7.5 per cent of Barclays’ U.S. Corporate Index by market value.”
Solar poses big risks for U.S. utilities: Barclays
Tyler Hamilton, Editor-In-Chief
(h/t Bill Totten's Blog)
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