NewEnergyNews More: Solar Energy Booming, Solar Companies Going Bust

Every day is Earthday.

Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

email: herman@NewEnergyNews.net

-------------------

Your intrepid reporter

-------------------

    A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

-------------------

Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

  • ---------------
  • Tuesday, October 11, 2016

    Solar Energy Booming, Solar Companies Going Bust

    The Solar Energy Paradox: Why Solar Is Booming and Companies Are Going Out of Business; Why are solar companies going out of business as the industry grows? The explanation is fairly simple, and it may continue to happen over and over again.

    Travis Hoium, October 7, 2016 (The Motley Fool)

    “There may not be a business with a higher potential than the solar industry has today…[T]he solar industry is growing and cutting costs, leading to an even bigger market. By 2020, the solar industry is projected to install nearly 100 GW of solar annually, which would be enough to power 16.4 million homes…[Yet] solar companies continue to struggle -- and even go out of business. In just over a year, First Solar, SunPower, and SolarCity have seen their stocks plunge, and SunEdison has filed for the biggest U.S. bankruptcy of the year…[As companies build manufacturing plants (usually with borrowed money), the falling cost of panels drives them out of business while solar developers] use lower panel prices to be more competitive…Solar developers are effectively bankrupting themselves by getting big eyes when it comes to growth, and then dueling each other…With solar panel prices down 20%-25% in the last few months, and the cost of financing rising for some developers, we'll likely see more solar companies go out of business in the next two years. Whether or not that leads to a more sustainable industry or not -- only time will tell…” click here for more

    IFTTT Recipe: Share new blog posts to Facebook connects blogger to facebook

    0 Comments:

    Post a Comment

    Note: Only a member of this blog may post a comment.

    << Home