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Energy Conversion Devices (ENER) Message Board

  • Aug 13, 2008 2:43 PM Flag

    Impossible: Glass panels on commercial rooftops!

    JCPenney Launches Solar and Wind Power Projects

    13:41 EDT Wednesday, August 13, 2008

    PLANO, Texas (Business Wire) -- Demonstrating its commitment to adopting renewable power sources that deliver both environmental and business benefits, J. C. Penney Company, Inc. (NYSE:JCP) today announced plans for solar and wind power projects that will supply electricity to 10 stores and one distribution center. The pilot projects represent the next step for JCPenney in its efforts to leverage new technologies and engage its 155,000 Associates in innovative energy programs. In conjunction with these initiatives, JCPenney also announced plans to obtain ENERGY STAR certification for at least 200 stores.

    "Hosting these solar and wind projects will add to our knowledge of the benefits and potential applications of renewable energy programs at our facilities," said Myron E. (Mike) Ullman, III, chairman and chief executive officer. "Together with the energy-saving initiatives we already have in place in our stores and distribution centers, this is another significant step toward achieving our environmental objectives. With enthusiastic support from JCPenney Associates nationwide, we are constantly looking for opportunities to contribute to a cleaner environment and run our business more cost effectively."

    Brightening the Future With Solar Energy

    JCPenney has engaged SunPower Corporation (Nasdaq:SPWR) to install solar power systems on 10 JCPenney stores in California and New Jersey. Producing more than 4 megawatts of clean electric power, the systems will help avoid emissions of approximately 146,000 tons of carbon dioxide over their 30-year expected lifetime, which is equal to the annual greenhouse gas emissions generated by more than 800 cars.

    The solar systems will be financed, owned and operated by a third-party financier, from which JCPenney will purchase the solar-generated electricity under a SunPower Access(TM) power purchase agreement. The rooftop installations, expected to be complete in November, will provide immediate savings through lower-than-utility solar energy costs and a long-term energy hedge for nearly 25 percent of the energy used at the stores. The 10 pilot stores will also benefit from the installation of new energy-efficient lighting and advanced energy management systems that will help reduce their energy consumption.

    California stores scheduled to receive solar systems are located in El Cajon, Palmdale, Redlands and Santa Clarita, and the New Jersey store locations are in Cherry Hill, Deptford, East Brunswick, Freehold, Wayne and Woodbridge.

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    • jimmygoduh: I don't know. You tell me. You seem to know quite a bit. Should I pull the analyst reports that claimed that the 250MW project is the perfect thing for Unisolar. Or all the posts here on this board that claimed that the thin-film mentioned by SCE's CEO meant Unisolar? Or maybe you want a transcript of SIT's earnings call?

      Low-price, high efficiency, long warranted life is a formidable thing. A high price, low efficiency, and low durability and warranted life can kill you in the PV market, which ,despite what we are being told by all those non-experts, is a COMMODITY.

    • tdd_frdmn: Only 2MWs were available for a bid, the rest is not approved by the CPUC yet. But why didn't Unisolar get it? It is on the ProLogis roof. Wasn't ProLogis oh so so happy with SIT in Europe? Or maybe ProLogis actually wanted glass panels after their forray in laminates? Hmm, the public record shows they did (they kind of liked Evergreen, but SCE chose wisely)!

      So, do I understand what you are saying correctly? Are you saying that Unisolar is the King of the Tiny Commercial Roof? Is that what you are saying?

      Why can't FSLR compete with ENER in the tiny commercial rooftop market?

    • This is hardly surprising news if you read the Credit Suisse analyst's original report. He said that SPWR because of its ultra-high conversion efficiency solar panels and ENER because of its low-installation-cost, dual-duty solar laminates would dominate the roof-top market, unlike FSLR with its double-glass, heavy-weight panels that are better suited to mid-scale, ground-mounted utility projects.

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