Solar Power the Bull Market

[greencat]

Over the past several years, FedEx, Staples, the Timberland Co., Johnson & Johnson, Microsoft, Macy's, Tiffany & Co, Toyota, Target, Lowe's, corporate behemoth Wal-Mart and even the U.S. Department of Defense have begun installing solar panels at their stores and facilities.

These companies aren't installing solar panels because they've suddenly become concerned about global warming. No, they've installed solar panels because it'll reduce their electric bills by as much as 90% each month.

That's what's driving the boom in solar energy.


The 2007 numbers are in.

Q-Cells AG (FRA: QCE) is now the single largest producer of solar cells in the world. With production of 370 megawatts (MW) worth in 2007, the company held off the now second place Sharp Corp. (TYO: 6753) and the third place Suntech Power Co., Ltd (NYSE: STP)

Kyocera Corporation (NYSE: KYO) is expected to finish fourth, with Wall Street blockbuster First Solar (NYSE: FSLR) slated for a fifth place finish.


In fact, since 2001, the global photovoltaic market has averaged about 40% annual growth. And this year alone, PV production is expected to reach 1.5 gigawatts, representing approximately $11 billion in revenue. That's double its level in 2003.

By 2010, analysts estimate global PV manufacturing will be sufficient to meet one third of new U.S. electric demand annually--representing $40 to 50 billion in revenue!

Its only going to get better as the companies introduce newer technologies.

Greencat is very bullish on Solar power. The bad news some newer companies with innovative products are private and we can't buy the shares. Also Nanotechnology (A solar power private company) has a one year waiting list for their product.

With the solar energy industry booming, there's been a trickle-down effect. Any company directly or indirectly connected with solar is benefiting and should continue to benefit. Not only solar power companies but installers of solar panels.

The time is upon us but still we must make wise informed decesions on when to buy. But Solar Power will be a Bull..

[greencat]

Did I forget to mention the big boy Google. Yup they are believers as well.

In October 2006, Google announced a commitment to solar energy production and launched the largest solar panel installation to date on a corporate campus in the United States. Google has installed over 90% of the 9,212 solar panels that comprise the 1,600 kilowatt project. Panels cover the rooftops of eight buildings and two newly constructed solar carports at the Googleplex (check out this fly-over video).

This installation is projected to produce enough electricity for approximately 1,000 California homes or 30% of Google's peak electricity demand in our solar powered buildings at our Mountain View, CA headquarters.

We built this page to monitor and share the day to day production of clean, renewable energy from our very own rooftops. Keep checking in to see how we're doing. We think the future looks bright!

http://www.google.com/corporate/solarpanels/home