$GSFI Huge News! Global Solar Power Market Size Ex

$GSFI Huge News! Global Solar Power Market Size Expected To Exceed $194 Billion By 2027 /PRNewswire/ -- Everything solar is booming! Solar power is now cheaper than coal in some parts of the world, and generating power from the sun is likely to be the lowest-cost energy option globally in less than ten years, according to Bloomberg. In many places around the world, solar is already the lowest-cost option. Even the big utilities are moving rapidly toward solar (and wind, which is also poised to best coal in terms of cost). The New York Times reports that Xcel Energy—which provides electricity to the middle of the country, from Colorado to Texas to Michigan—has asked for proposals to build large wind and solar power plants in Colorado , and bids are already coming in lower than the operating costs for coal plants. West Coast energy provider Pacific Gas & Electric has committed to making renewable energy, including solar, 55 percent of its power portfolio by 2031. Many experts think that California will hit the 50 percent renewables mark by 2025—maybe even sooner. A report from Fortune Business Insights said projected that the global solar power market size, which was USD 163.70 billion in 2019, is projected to reach USD 194.75 billion by 2027, exhibiting a CAGR of 5.9%. Active solar companies in the market this week include First Solar, Inc. (NASDAQ:FSLR), Green Stream Holdings Inc. (OTCPK:GSFI), SunPower Corp. (NASDAQ:SPWR), SolarEdge Technologies, Inc. (NASDAQ:SEDG), Enphase Energy, Inc. (NASDAQ:ENPH).

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