Beyond Solar
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  • MW from Florida

    Yes, big stodgy BP is exiting the solar business. They were always in it for the PR value, not as a real business. Apparently they think the PR isn’t worth much any more.

    I note that Warren Buffett has recently invested in a 550 megawatt solar power plant in California. (That’s a very large facility.) I’d bet on his knowledge long before BP.

    Solar power costs are plummeting. Via Meadia needs to set aside the conservative dogma about energy and look at the current reality. Solar power is going to boom, even after subsidies drop away.

    (Unlike renewables the massive government subsidies to oil companies like BP are not expiring at the end of this year. Maybe that is why BP is pulling out of solar.)

  • Larry, San Francisco

    I have a friend who used to work in the Solar department of BP who quit 6 months ago to work for a medium sized solar firm in Silicon Valley. He told me that his company just opened a new manufacturing plant in Malaysia. He said that in a sunny area the solar array could produce a KWH for an average cost of less than 6 cents which is lower than the 8 cents from Natural gas. For tropical countries and the southern US that seems like a good deal. I am just hoping that the Sierra Club and other green groups don’t succeed in stopping it (they have tried).

  • Jacksonian Libertarian

    Every time I fill my tank I fume at the Greens that have been trying to destroy our civilization by blocking the development of cheap energy for most of my life.
    Nuclear power costs $3.5 cents per kilowatt hour, and there is no substitute for gasoline that doesn’t require massive subsides.

  • Steve W from Ford

    MW: I wouldn’t be too quick to bet on Warren Buffets embrace of Solar if I were you. The company he is investing in is taking advantage of the huge feed in tariff that California has seen fit to burden its consumers of electricity with. It is just another way to subsidize an inefficient means of electrical generation without actually having government write the check.
    If government mandates that PG and E buy power from these wasteful plants and sets tha mandated rates at a high enough level to guarantee a profit for the Warren Buffets of the world, how is this proof of anything but the successful pursuit of rent seeking?

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