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SunPower Corporation Message Board

  • johnmg47 johnmg47 Jan 22, 2010 12:32 PM Flag

    It ain't over til it's over

    Not so fast pardners!

    The American solars have lagged the Chinese solars, yes, but a LOT of big projects are coming online this year in the deserts, most all of which FSLR and SPRWA are going to be building or managing.

    Think about it - if they only make pennies a watt but they make pennies a watt on millions of watts for 30 years on a particular site - that steady income is like a bank account $, and will add to their book value. Also, ALL the capital investment in these projects is up front at today's dollar valuation. After that it is downhill. There'll be teeny maintenance costs - but as long as the power contract income exceeds the measly loan interest cost - they'll have a profit. I can't see why other bankers (besides Wells) aren't jumping on these projects. Solar sites work 9-5, but they never get laid off or get divorced, and the local utility buys everything they generate. That's pretty close to a guaranteed investment return: for solar companies, for politicians, for bankers. I think this is the year that a goldilocks energy environment begins to work for renewables and nat gas.

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