Saturday, November 9th, 2013
Stephan: This is excellent news. The cost of solar is coming down like a skier on a slope.
If we took the same money we have willingly been spending on Iraq and Afghanistan, to no good purpose whatever, and put it to work converting the entire country off of carbon energy, we would create enormous prosperity. Unemployment would drop to 3-4%. Every energy conversion -- animals and wind to coal, coal to petroleum -- has created enormous wealth from the top down. We should be embracing this transformation not resisting it. And that's without even considering the effect on climate change. The struggle is not going to be technological, but how old forms die.
Thin-film solar market leader First Solar recently reported its largest quarterly decline in CdTe module costs per-watt since 2007, as part of its third quarter 2013 financial results report.
The notable decline represents a significant milestone in the company’s goal of becoming the lowest-cost PV manufacturer in the industry. First Solar attributes the achievement to the implementation of its manufacturing cost reduction program – a program which was detailed earlier in the year at the company’s ‘Analyst Day