Global Solar Industry Goes up in Flames


Don’t believe the hype from the increasingly desperate renewables industry: solar power has crashed and burned.

Goldman Sachs is predicting a 24 percent drop in solar installations this year. By any measure, that constitutes a major industry slump.

According to Bloomberg:

The pace of global installations will contract by 24 percent in 2018, Goldman analysts led by Brian Lee said in a research note late Wednesday. That’s far more dire than the 3 percent decline forecast by Bloomberg NEF in the bleakest of three scenarios outlined in a report earlier this month. Credit Suisse Group AG is forecasting a 17 percent contraction.

Read the rest at Breitbart.

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