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Solar returns declining amid rising investor interest

Pension fund managers are investing more in solar energy, undeterred by declining returns because the industry is considered a safe alternative to traditional securities such as government bonds.

By Stefan Nicola, Marc Roca | Updated on June 12, 2014
June 12 (Bloomberg) — Pension fund managers are investing more in solar energy, undeterred by declining returns because the industry is considered a safe alternative to traditional securities such as government bonds.

That’s the conclusion of executives from two of the biggest Chinese solar panel manufacturers, which have listed their shares in New York. Trina Solar Ltd. said it’s seeing more interest from fund managers, and Wuxi Suntech Power Co Ltd. said these managers accept returns as low as 1.7 percent.

Pension funds are “prepared to invest more in PV, as they have done with wind, because they see it as a sustainable and reliable income,” Benjamin Hill, president of Trina’s unit in Europe, said in an interview.

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