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19

Goldman Sachs Puts a Grim Number on Solar Slump for This Year

By Tony Seruga

Anyone following clean energy knew this could be a tough year for solar. Goldman Sachs Group Inc. just put a grim number on how bad.

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…

Goldman Sachs Puts a Grim Number on Solar Slump for This Year

Categories : Private Equity

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