Sunday, May 1, 2011

Doubting The Solar Boom? Now an Oil Giant Buys Into Solar Boom

As previous posts discussed, GE is buying into the solar boom, showing it thinks the solar industry is going Big Time. And the latest big player to spend big bucks getting into the solar boom comes from Big Oil. 

Total, the French oil giant, spent $1.3 billion to buy SunPower, an American solar manufacturer. Total will make more capital available to SunPower that will now be able to accelerate the deployment of its already high efficiency solar panels and push forward innovation to increase efficiency still further.

World class capital, world class corporate organization, world class R&D are all converging in the solar industry.  Synergies are just beginning.  Solar installed prices are falling at the rate of 1% per month.

If solar prices continue to decline at that rate, by 2015, solar prices will be below $2 per watt and then solar panels will be like Kudzu vines: Ubiquitous and Unstoppable.

1 comment:

  1. Chris Martenson's The Crash Course power point presentation on oil and alternatives

    Energy Budgeting. Energy Return on Energy Invested

    Energy and the Economy