solar cheaper than fossil fuels. #solar #PV @inhabitat @GoldmanSachs @elonmusk

"They may be one of the greediest, most exploitative firms on Wall Street, but Goldman Sachs knows a profitable investment when they see one. The company recently released a report that states solar energy is fast approaching grid parity – the moment when electricity from solar power becomes the same price or cheaper than electricity produced by fossil fuels. The report also cites the vision of Tesla CEO, Elon Musk, as a major factor in the growth of renewable energy. Tesla’s recently announced lithium-ion 'Gigafactory' is expected to reduce EV battery costs by more than 30 percent. That, coupled with the fact that solar panel prices continue to plummet, is a big reason why Goldman Sachs sees renewable energy as the path to the future."

Elon Musk, Tesla CEO

Even Wall Street bad boys Goldman Sachs know a good thing when they see it.  Imagine a world where bankers and car makers are working hand in hand to make the world a better place. Man that may be too much for even me to believe, someone pinch me!

Referenced by Inhabitat