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Wind, Solar Power to Supply More Energy Than Shale, Goldman Says

  • Power from renewables comparable to 6.2 million barrels of oil
  • Wind and solar `on track to exceed 100 gigawatts' of new power

New wind turbines and solar panels worldwide will provide more energy over the next five years than U.S. shale-oil production has over the past five, according to Goldman Sachs Group Inc.

The leading renewable-energy technologies will add the equivalent of 6.2 million barrels of oil a day to the global energy mix, exceeding the 5.7 million barrels a day pumped from U.S. shale oil wells since 2010, analysts including Brian Lee and Jaakko Kooroshy said in a research report Monday.