With incentives for commercial buildings and warehouses to implement this renewable energy technology, which also reduces green house gas, creates jobs, creates growth, reduces the trade deficit (oil), and strengthens the US dollar; this green energy technology will also give the US economy a boost.
The increase in demand will also result in more competition, research, innovations, and improvements. With the installations being concentrated in cities (commercial buildings) any maintenance required should also be competitive.
“The news was definitely brighter Friday for Solyndra, which emerged from stealth mode last September with $600 million in funding and $1.2 billion in orders for its solar panels composed of cylindrical tubes imprinted with solar cells. Conventional rooftop solar panels must be tilted to absorb direct sunlight as they aren’t efficient at producing electricity from diffuse light. But the round Solyndra module collects sunlight from all angles, including rays reflected from rooftops. That allows the modules, 40 to a panel, to sit flat and packed tightly together on commercial rooftops, maximizing the amount of space for power production.
The $535 million federal loan guarantee will allow the Fremont, Calif.-based company to build a second factory, which is expected to create 3,000 construction jobs and more than 1,000 other jobs once the plant is in operation. The factory will be able to produce 500 megawatts’ worth of solar panels a year.”
http://greenwombat.blogs.fortune.cnn.com/2009/03/20/solar-startup-scores-535m-federal-loan-guarantee
“Act Solar, a three-year-old Santa Clara, Calif.-based company, developed the PowerString, a device that recirculates energy in a rooftop solar array to keep all panels producing electricity in the event that shade, dirt or glitches affecting one solar module don’t impact others. PowerString also allows solar array owners to wirelessly monitor the performance of their systems.
“Early field tests and historical modeling have shown that this [Act Solar] solution can cumulatively deliver 40 to 80 percent more power over the operating life of a solar panel installation,” National Semiconductor said in a statement.”
http://greenwombat.blogs.fortune.cnn.com/2009/03/20/chip-company-acquires-solar-startup/
“Clean Edge projects that employment in the wind and solar industries will grow from a combined 600,000 jobs in 2008 to 2.7 million by 2018.”
http://greenwombat.blogs.fortune.cnn.com/2009/03/10/green-energy-a-325-billion-business-by-2018/
“Europe’s biggest agricultural producers are taking up new incentives for solar power to supplement farm incomes as well as help meet renewable energy targets.
The solar panels installations that are called integrated because they are built into the roof rather than superimposed, is booming in France thanks to legislation creating 20-year contracts with strong incentives to sell electricity to the grid. Government guarantees of long-term electricity contracts at an inflation-linked “feed-in” tariff, helped win the scheme bank support. The investment means constructing five enormous sheds covered by 36,000 square meters of solar panels with a capacity to generate 4.5 megawatts of electricity, enough to power 4,000 homes. At 0.55 Euros per kWh, integrated solar photovoltaic panels generate nearly twice the revenue of ground-mounted and superimposed solar panels. Another example is a group of 77 cattle breeders in the Aveyron region of south-west France, who formed a company, SAS Adder, to manage the construction of 33,0000 square meters of integrated roof panels on their farms.
France whose goal is to have renewable energy make up 23 percent of its energy consumption by 2023 is imitating Germany, Europe’s leader in solar and wind power. The built-in technology is encouraged by the authorities as aesthetically acceptable, in a country where wind farms have been sharply criticized as eyesores.”
http://www.theglobeandmail.com/servlet/story/RTGAM.20090224.wsolar0224/BNStory/Science/?cid=al_gam_nletter_newsUp
“Our addiction to foreign oil doesn't just undermine our national security and wreak havoc on our environment -- it cripples our economy and strains the budgets of working families all across America. President Obama and Vice President Biden have a comprehensive plan to invest in alternative and renewable energy, end our addiction to foreign oil, address the global climate crisis and create millions of new jobs.”
http://www.whitehouse.gov/agenda/energy_and_environment/
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