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March 27, 2006
Solar Energy’s Bright Future
A very rosy picture is painted for the solar industry in this article in Red Herring. A good read. Some short excerpts:During the last year, solar power got more buzz with each oil and natural gas spike ... Some solar stocks doubled in just the last three months ... The worldwide solar market grew from $8.3 billion in 2004 to more than $12 billion in 2005 ... expects the market to top $16 billion this year and $40 billion in 2010 ... That still leaves a peanut-sized industry compared to fossil fuel—a trillion-dollar-plus market ... It’s not a matter of if solar will play a big part in electricity generation, but when. ... That’s one reason why plenty of venture capitalists are happy to bet on these companies. Energy is one of the greatest problems facing the world ... Peak times, 8 a.m. to 6 p.m., roughly correspond to when the sun shines. In some parts of California, solar prices...Posted by dymaxion at March 27, 2006 09:16 PM