Word: solar-panel
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...fast-growing country's huge appetite for electricity is behind the push. While China's total power capacity will nearly double by 2020, the amount that could come from wind and solar is expected to jump more than fivefold, aided by significant government assistance. Beijing announced in March it will subsidize 50% of costs for certain solar-panel projects, and 70% in remote regions. (See pictures of the new ways to boost energy efficiency...
...will be an electric car with a solar-panel roof, designed for the city and small trips," Ronald Gerschewski, head of IndiKar, the original Trabi manufacturer, told reporters. (See the history of the electric...
...fire, the smart money is probably on the way out. As they like to say in the investing business, past performance is no guarantee of future results. All you have to do it take a look at some of last year's biggest percentage gainers to understand that. Solar-panel maker First Solar, which rose more than 700% last year, has lost more than half its value so far in 2008. Fertilizer manufacturer Mosaic, which last year saw its stock triple amid the commodities boom, is down 67% since January, as boom has morphed into bust. Chasing winners is rarely...
...September. (By contrast, the S&P Index lost about 25% of its value over the same time period.) The cost of oil, which has driven much of the investment in alternative energy in recent years, has halved since the summer. And new green industries, like wind farms and solar-panel factories, are no less affected by the credit crunch than any other business...
...Because Japanese electronics giants Sharp, Hitachi and Kyocera dominate the relatively small global market for solar cells ($6.5 billion in 2004), you'd expect that sales growth for smaller players might be hard to achieve. But industry executives say their prospects are bright, because of an opportunity that is opening up in the U.S. In January, the California legislature passed a law that earmarks $3 billion to subsidize solar-panel purchases by homeowners over the next 10 years. The goal is to add 3,000 megawatts of solar energy to the state's power grid, which is more than...