Solyndra To Make Solar Power As Cheap As Coal In 2-3 years (from 2 year ago)

http://www.businessinsider.com/solyndra-to-make-solar-power-as-cheap-as-coal-in-2-3-years-2009-3 ^

[MNDude]

Solyndra, the first recipient of a loan from the Department of Energy, told us that it thinks it will produce solar panels at a price that's competitive with standard sources of energy in the next 2-3 years.

"We see a clear path," says Kelly Truman, the VP of marketing, sales and business development, "and in 2-3 years we'll hit grid parity."

We spoke with Truman yesterday who said the $535 million loan from the DOE will finance 73% of a new factory, though he declined to say how the company would pay for the remainder of the project. The current factory is going to be able to produce 110 MW of solar panels, with each panel able to produce 200W of energy each. The next factory will be able to produce 550MW of solar panels annually. That's enough energy to power almost 200,000 homes. Solyndra hopes to have the new factory shipping panels by 2011.

[Right Wing Assault]

Lets' see. I find a black guy on welfare and set him up as the front man for a new solar company. Based on this guy's rage to riches story, Dick Obama gives the company a great deal--$1 for the vacant facility where Solyndra was.

Next, we buy the business plan from Solyndra for a million bucks. This money is an advance (think obama's first book deal) on the $500 million federal grant we are going to get using the business plan, since it still sounds miraculous.

I will get a $50 million dollar salary since I am going to make solar power cheaper than coal in 2-3 years. I will give the black guy, who is now the figurehead CEO of the company $100,000 salary.

With the rest of the money, we will buy all kinds of the state-of-the-art equipment to make the panels. Once the equipment is in place, we will shut the place down and announce that we are moving to China. The CEO will sell the equipment to me for $1 and I will sell it to the guys who are going to run my China factory. The black guy can come along if he wants.

Can I be the "Green Businessman of the Year"? If not, I guess I could just be a lefty democrat.

[chuckee]

The whole Democrat storyline that green jobs are the future is only partially correct except they are Chinese green jobs
where labor costs to manufacture solar and wind products are 10% what they are in the US. The Chinese are now stronger advocates for climate control now that they are taking a predominant global share of the jobs in this market. They can market these products to the suckers in the West who are sold on climate control while they happily spew CO2 into the ozone.

[Mind-numbed Robot]

Cheap at the pump (or whateve final delivery system) does not mean that energy was cheap. We paid for it in more ways than at the retail level.

I apologize, Lorianne, but I don't understand what you mean. Would you explain the other ways we consumers pay for energy other than at retail?

And it won’t be ‘cheap’ anymore ... even at the pump because there is more competition now for energy.

Again, please describe "competition for energy". Do you mean demand? Increased demand can raise prices if it is not met with increased supply. Competition usually lowers prices.

[Lorianne]

Externalized costs are things like taxes that subsidize energy companies, taxes to pay for the military (which secures oil producing areas of the globe and shipping routes), taxes to support the infrastructure to ship liquid and solid energy materials (oil, gas, coal).

Energy cost will not be going down overall because of increased demand from emerging economies that are demanding more and more energy ... more than supply can keep up with.

[Mind-numbed Robot]

Thank you.