And, all his proceeds are going back into saving this place we all call home.
Here Comes The Sun
By: Phoenix Woman
Now is the winter of our discontent made glorious summer by this son of man.
Albert Arnold Gore Jr., come on down!You all recall Christy’s posting on
Al Gore’s joining this energy venture, right?
Well, it turns out that he and the others involved have picked an excellent time for this — silicon, the basic material used in most solar cells, is about to go into big-time production with a corresponding price drop that in five years (less if oil keeps getting pricier) will make solar energy cheaper than oil, even with oil’s massive subsidies.Check this out:
Analysts at UBS securities are predicting a quadrupling of polysilicon supply in the next two years as more factories come onstream to supply the voracious market demand for polysilicon wafers.
The single biggest cost to solar cell makers - and the single biggest detriment to solar adoption today - is the high price of raw polysilicon. It is 70% of a solar cell maker’s cost structure. Even companies like Suntech (STP) - which have their entire 2007-08 inventory sold out - must go to the expensive spot market for 25-50% of their wafers. The cost of wafers is what has sunk the share prices of the smaller solar cell makers: China SunEnergy (CSUN), Canadian Solar (CSIQ), Solarfun (SOLF).
All that’s about to change. UBS estimates the cost of raw silicon for wafers is going to fall 66% over the next 3 years, from $300/kg to $100/kg. Solar has overtaken the market share for raw silicon once held by the semiconductor industry (for decades). This acceleration in polysilicon supply will reduce the materials cost for solar cell makers to 25% from today’s 70%. That cost savings ($) can go right to the bottom line: strengthening profit margins, reducing prices for consumers, and making solar adoption more widespread. Solar can be more affordable, more doable, and on a parity with oil in 5 years. Demand for this new energy today is unprecedented. Industry estimates are for 50% year over year growth; yet it is not even 1% of the world’s energy source.
This is for real, folks.
This is what’s going to make it possible to get that solar array on your roof (or a set of condo-association-pleasing shingles) without you needing to forego sending your kids to college.This is what will cause medium-sized businesses to decide to go solar.
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http://www.firedoglake.com/2007/11/13/here-comes-the-sun/