29 Aug '14, 7am

Bank Predicts Shift in European Power Picture

Bank Predicts Shift in European Power Picture

The world's largest bank is advising investors and clients that innovations in photovoltaic (PV) Generation of electricity directly from sunlight. A photovoltaic cell has no moving parts; electrons are energized by sunlight and result in current flow. (PV Photovoltaics. Generation of electricity directly from sunlight. A photovoltaic (PV) cell has no moving parts; electrons are energized by sunlight and result in current flow. ) technology and rapidly falling costs for batteries and PV equipment will eventually make large, centralized power generating stations in Europe obsolete. UBS bank, based in Zurich, earlier this month produced a lengthy briefing paper that predicts that an investment in a combined electric vehicle / PV installation / battery system would pay for itself in as little as 6 to 8 years by 2020, without any subsidies. "We see Europe, and in particular Ger...

Full article: http://www.greenbuildingadvisor.com/blogs/dept/green-buil...

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