Alternative Energy
SECTOR REVIEW
Will It Be Back in 2009?
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The Credit Suisse Global Energy Team has published its annual
outlook report, entitled ‘Energy in 2009: Reboot!’ The 270-page report
includes sections on alternative energy.
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This report compiles the various articles related to alternative energy,
including:
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(1) An opinion piece on the outlook for alternative energy globally,
concluding spending is expected to decline versus 2008 due to difficult credit
markets and economic pressures;
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(2) A report on the expected Renewable Portfolio Standard in the US,
concluding that power prices will likely fall as a result of the renewable power
capacity additions;
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(3) A report on the levelized cost of electricity, where we model different
forms of electric generation on a comparable basis. We conclude solar is far
from grid parity today, but that regardless of economics, demand for solar
will continue to grow;
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(4) Outlooks for the wind and solar industries, concluding a probable
oversupply in 2009, resulting in reduced margins at manufacturers of panels
and turbines;
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(5) A report on the prospects for hybrid electric vehicles, a potential answer
to US problems (energy dependence, global warming, among others);
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(6) An outlook for biofuels, including advanced biofuels such as cellulosic
ethanol and biobutanol.
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We also include a summary of our main views on conventional oil and
natural gas for 2009

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