Solar Industry Seen as Winning Bet for $1.3 Billion Skagen Fund
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Solar industry companies are set for a “boom” as falling costs make harnessing the sun’s energy a more competitive alternative, according to Norwegian fund manager Skagen AS.
“We now have a situation where solar is competitive with traditional energy in the grid or off the grid,” Geir Tjetland, who helps manage the 960 million-euro ($1.3 billion) Skagen Vekst fund, said in an interview in Stavanger yesterday. “About