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Solar power shares rise after Japan takes on the mantle of industry savior by approving a plan...

Solar power shares rise after Japan takes on the mantle of industry savior by approving a plan that could lead to at least $9.6B of new installations of solar cells. Power companies will be required to buy solar energy at Y42 per kilowatt hour ($0.53) for twenty years, or about double the tariff in Germany. FSLR +5.7%, SPWR +2.6%, STP +8.15%, DSTI +19.4%.
Comments (2)
  • Choosh
    , contributor
    Comments (327) | Send Message
     
    20 years!! They will figure out how to keep virtually all the manufacturing in Japanese hands. At first there may be some partnerships with technology sharing. If you look up merchantilism in the dictionary you will find a map of Japan. I'm long solar but to expect significant benefit from Japan is a long shot unless it is in raw materials.
    18 Jun 2012, 01:28 PM Reply Like
  • bill d
    , contributor
    Comments (1879) | Send Message
     
    Yep - I remember the last time Japan needed raw materials.
    Hopefully they learned their lesson.
    We sure haven't.
    18 Jun 2012, 02:22 PM Reply Like
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