Call us on 01242 620894Request a call back

MenuContactPhoneSearch
Covid-19 - Mypower is continuing to operate in line with government advice...

We are taking the advice on social distance and operating with the team working from home.

We can provide an initial desktop survey (no in-person meetings required) and a budgetary estimate that is typically within 5% of the final price.

This budget estimate will demonstrate the value that solar PV can bring your business now and for the long term.

Please get in touch on 01242 620894 or info@mypoweruk.com.

We wish all of our customers well during these extremely challenging times.

null

Barclays downgrades US power sector over solar threat

Utilities used to be safest of non-cyclical stocks;  predictable cash-flows (and hence dividends) from highly regulated markets make utility stocks a key part of income portfolios.


Barclays are of the view that this may not be going to last.  The UK bank has issued advice to it’s clients warning of increased risk in investing in debt issued to US energy utilities.


In a report that makes gloomy reading for investors in utility bonds and stocks,  Barclays state:
"In the 100+ year history of the electric utility industry, there has never before been a truly cost-competitive substitute available for grid power. We believe that solar + storage could reconfigure the organisation and regulation of the electric power business over the coming decade."


The credit strategy team said its analysis had shown that solar power, coupled with new storage technologies, is already competitive with grid-sourced electricity in Hawaii and could reach  grid parity in California in 2017, New York and Arizona in 2018, and "many other states soon after".


This downgrade comes hard on the heels on claims from Chinese solar manufacturer Wuxi Suntech that solar energy will be as cheap as coal fired plants as soon as 2016. 


These are exciting times in our industry…..

http://www.businessgreen.com/bg/news/2347374/barclays-downgrades-us-power-sector-over-solar-threat