CITI GROUP REPORT: "The Outlook for Global Solar is Increasingly Bright"

Moving forward, we believe global solar growth will be driven by economics, fuel diversity and emerging financing vehicles as well as some country specific legislative overlay. Moreover, this growth looks set to continue for the long term, as solar takes an ever greater share of energy generation, helped by improving economics against fossil fuels. Key point, many of the US utilities we have surveyed in the past have highlighted the need to diversify into other generation sources to hedge against a change in the current low gas price environment. So besides pure economics, from a utility perspective, the need to diversify is crucial to remove the volatility and possible upward movement in gas prices over the longer term.

Full Report by Citi Group