To gain insight on what we can expect this year in terms of financing for solar and other renewable energy projects, Renewable Energy World talked to some experts on the subject. They found that the outlook is good for financing renewables in 2014.
Of particular interest to us is their take on solar energy projects. REW reports that worldwide, we can expect a large share of financing to go to large-scale projects. This is a natural result of the recent capacity growth coupled with decreasing costs.
However, in the U.S., experts expect more growth in distributed solar. More people and businesses here are finding they can save money by installing solar. And with recent extended power outages in some parts of the country, some are looking to microgrids for energy stability. We can also expect a continuation of innovative financing options for solar.
Overall, the experts were optimistic about financing for renewables. For more on what they told REW, see the full article here.