Drug maker Schering-Plough is getting a 1.7-megawatt solar system for its New Jersey facilities in a deal that, to some degree, forges new ground in solar.
The novelty in the deal is that Schering-Plough makes medicines. So far, the big solar installations have mostly been commissioned by companies directly or strongly interested in seeing solar power grow. Sharp, the biggest PV maker in the world, put up a 5-megawatt system to help run its advanced solar manufacturing facility in Japan while Applied Materials, with its 1.9-megawatt system, makes equipment for the solar industry. Nellis Air Force Base installed (with MMA Renewable Ventures) a 14-megawatt system, but the government...
The world could see an unprecedented spike in oil prices toward $200 a barrel that could plunge the world into a panic.
Or it might drop to $90 a barrel after a new president is inaugurated in 2009 as the Saudis try to cozy up to a new U.S. president.
Arjun Murti of Goldman Sachs put out a recent report, according to the Telegraph, that demand from China and lackluster growth in supply will push oil near the $200 mark over the coming months.
“We believe the current energy crisis may be coming to a head. A super-spike end game may be in the early stages of playing out,??? Murti wrote, according to the paper.
But wait! Edward Morse over at Lehman Brothers in a report...
Not all solar IPOs are created equal.
Real Goods Solar, a solar installer that says it erected the first residential solar panel in the U.S. in 1978, started trading in a public offering at $10 a share today. The stock, however, is hovering around the $9 level at the moment. It has traded mostly between $8.25 and $9.25 so far. It's not the end of the world. Dell geared up for its IPO amid the 1987 stock meltdown. Nonetheless, it's not the best news in the world. The $10 offering price was at the low end of the pre-IPO $10 to $12 offering price range.
Solar installation is, according to some, the next hot frontier in solar. Installation takes up about half of the cost of a...