Investment Bank UBS: Fossil-Fuel-Based Power Plants To Become Obsolete

Here’s a report that’s music to my ears; it begins:  Investment bank UBS just released a report claiming centralized fossil-fuel power plants could soon be obsolete. The precipitating factors? Solar power, energy storage and electric vehicles.

Looks like I’m not the only one predicting an early victory for renewable energy.  I know I’ve mentioned this is the subject of my new book project (working title is “Bullish on Renewable Energy – Eleven Reasons Why Clean Energy Investors Can’t Lose”).  The theme is that the economic factors that are making clean energy cheap are heading forward at a rate far faster than most people believe.

Glad to see the concept echoed by folks with the stature of UBS.