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  • A Brief History Of Solar Power In Modern Times. 0 comments
    May 26, 2013 7:16 PM | about stocks: LDK

    A Brief History of Solar Power in Modern times.

    It seems solar power is much bigger already then most people know.

    Solar power discovery led to the dawn of the computer age and space

    age as we know it now. Oh yes ,solar power was around way before

    computers were even thought of, the push to increase the efficiency

    of early solar panels led to the invention of parts used in computers.

    It seems that solar power made everything to do with computers and the

    internet possible as the first major application for the solar

    panels was satellite arrays. This is why investment in solar power

    globally will be 10 times that of the internet amounting to over

    $40 trillion US$. Read the facts below sourced from wiki

    en.wikipedia.org/wiki/Solar_cell

    The photovoltaic effect was first experimentally demonstrated

    by French physicist A. E. Becquerel. In 1839 The device was

    only around 1% efficient.

    Albert Einstein explained the underlying mechanism of light

    instigated carrier excitation-the photoelectric effect-in 1905,

    for which he received the Nobel prize in Physics in 1921.[3]

    Russell Ohl patented the modern junction semiconductor solar

    cell in 1946,[4] which was discovered while working on the

    series of advances that would lead to the transistor.

    From 1954 to 1960 Hoffman improved the efficiency of Solar Cells

    from 2% to 14%. At first, cells were developed for toys and other

    minor uses, as the cost of the electricity they produced was very

    high; in relative terms, a cell that produced 1 watt of electrical

    power in bright sunlight

    cost about $250, comparing to $2 to $3 per watt for a coal plant.

    In 1959 the United States launched Explorer 6. It featured

    large solar arrays resembling wings, which became a common

    feature in future satellites

    by 1971 cell costs were estimated to be $100 per watt.[7]

    by 1973 Linden, New Jersey Exxon lab, Solar Power Corporation

    (SPC).[8] was producing panels at $10 per watt and selling

    them at $20 per watt, a five fold decrease in prices in two years.

    ARCO Solar's factory in Camarillo, California was the first

    dedicated to building solar panels, and was in continual operation

    from its purchase by ARCO in 1977 until 2011 when it was closed by

    SolarWorld.

    The widespread introduction of flat screen televisions in the

    late 1990s and early 2000s led to the wide availability of large

    sheets of high-quality glass, used on the front of the panels.

    Solar panels are now less then $1 a watt with China leading

    the way in global production by producing key materials needed

    to bring solar power affordability to all. Many bankrupt solar

    panel makers recently liquidated their remaining panels in stock

    at a loss due to liquidation proceedings, those solar companies

    in China that liquidated are no longer producing and with that

    being said they no longer have stock to liquidate either so that

    "glut" of supply no longer exists , so a move in investor

    sentiment from supply glut to supply shortage will be the

    shift from loss to profitability in the entire solar sector

    production stream. From the history of solar power we can

    see that China was a late participant into the production

    of solar goods yet it has played the most critical role in

    reducing costs which benefits all except big oil.

    Disclosure: I am long LDK.

    Stocks: LDK
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