Solar Industry Seen as Winning Bet for $1.3 Billion Skagen Fund - Bloomberg
▻http://www.bloomberg.com/news/2014-02-12/solar-industry-seen-as-winning-bet-for-1-3-billion-skagen-fund.html
Solar industry companies are set for a “boom” as falling costs make harnessing the sun’s energy a more competitive alternative, according to Norwegian fund manager Skagen AS.
“We now have a situation where solar is competitive with traditional energy in the grid or off the grid,” Geir Tjetland, who helps manage the 960 million-euro ($1.3 billion) Skagen Vekst (STVEKST) fund, said in an interview in Stavanger yesterday. “About 0.4 to 0.5 percent of all energy consumed is solar. This will grow a lot in the next five to 10 years.”