DarkStealth

Goldman Disses Solar - Cramer's Stop Trading ! (10/7/08)

Goldman misses the potential of utility-scale solar projects to sop up any excess panels. Check out the deal PG&E made with SunPower & OptiSolar for an 800 MW plant, the size of a coal plant - this is a game changer. Prompted by an aggressive state renewable electricity standard, this utility had to buy a huge amount of solar panels. And guess what - those legislative requirements for renewable energy aren't going away! While wind energy companies (like Vestas & Broadwind Energy) may be the primary beneficiaries, we'll find that wind's growth will be limited in the medium term by transmission capacity. The extra renewable energy will likely come from utilities investing in solar.

BTW, does it strike anyone as odd that Goldman Sachs owns Horizon Wind and is dissing solar now?