Barack Obama plan could boost U.S. Solar Energy development

[The Master]

As president, Barack Obama could usher in a new era of solar energy development in the United States, but he will face economic difficulties that might be a barrier to more expensive renewable initiatives, according to a research director at Gartner, Inc.

James Hines, a lead Gartner analyst on solar energy technologies, said the U.S. has the potential to overtake Germany as the largest photovoltaic market within a few years.

However, he noted that demand for solar energy remains dependent on government subsidies because it costs more than conventional forms of electric-power generation. The new U.S. administration could help encourage investment in solar energy projects if it succeeds in implementing some of its plans, which is more likely with the Democrats’ expanded majorities in both houses of Congress.

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