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3 Comments
The Long Case for Akeena Solar
Suntech is the company which holds the license for distributing the Andalay (Suntech's chairman happens to be the the richest man in China, worth just over $2 billion dollars). As the frugal Asian country's middle class continues to grow, energy is going to become needed as more people start to drive cars, build homes, etc. Do you think China is going to seek to center its energy needs around fossil fuels? Do you think China favors mirroring the entanglement that the United States is in over oil and politics? Over the next few years, renewable energy is going to become engrained within China's energy policy unlike any other nation. I wonder if the richest man in China is going to want to tap into the market with his solar products?
In my mind, China bodes better for the solar energy than Europe. The fact that the owner of a major player like Suntech is "sticking his neck out" in distributing Akeena's Andalay tells me that Akeena's Andalay must have something to it. Suntech is to Akeena what Walmart is to all of the companies whose products it sells- a segue into the mainstream market.
As far as the particulars of the licensing deal (i.e. what percentage Akeena will receive of the revenue), it was not stated in Akeena's announcement. The outstanding thing about the Andalay seems to be that it will allow for economies of scale to be achieved because of its affordability.
If you use the United State's cold reception to solar energy as a guage for determining the potential of the industry, you will most likely miss out on what will be a very profitable market on the other hemisphere.
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