Solar Snake Oil
Fear not, friends. I haven't turned my back on alternative energy. If you check out this blog, you'll read about a company that's literally promising the sky to homeowners looking to get solar panels installed on the cheap. The author's criticism of the company totally makes sense. Since I'm invested in a solar panel manufacturer, some industry news passes my way so I have to agree with the points he brings up in his post.
Thanks to Matt for forwarding the link my way. Sorry, Bob. But you can still get a wind turbine for $10,000.
\_/
DED
Thanks to Matt for forwarding the link my way. Sorry, Bob. But you can still get a wind turbine for $10,000.
\_/
DED
posted by DED at 10:08 PM
11 Comments:
Wow. I'd love to see a report on this issue by someone who doesn't have a huge financial & professional stake in Citizenre's failure though.
That guy wrote a solid piece, but he has so much at stake . . .
I understand your outrage. I was initially excited by the news, now I am starting to wonder if this is a scam. People will be tricked into investing in bad companies if they think it will help us "go green". Unfortunately the green many are interested in is people's money, not the planet. Stick with reputable firms, they have good prospects.
Well, if there's a rebuttal to the guy's points I'd like to hear it. Mort & I both know that there's a supply issue for polysilicon. Evergreen Solar scored points on Wall Street a couple years ago when they locked in on an order from a supplier before the spike in price. You're not going to be able to make the claims that Citizenre is making without some way to back it up.
No, no! I'm NOT saying they're making it up. I'm just saying that an article by someone, anyone who's not interested will be nice.
You're the lawyer. :) Think of it as a civil suit between two parties, each of which has something to gain. Each is going to make his point. And the public gets to decide the case. Isn't that how it works in a civil case? Please feel free to correct me if I'm wrong. I've never been involved in a civil suit of any kind.
Most of the bigs like Evergreen, Sharp, BP, etc., etc., have long term contracts to supply what they can to ready buyers for the next few years. Silicon production is increasing, but can hardly meet short-term demand. I always wondered how Citizenre would be able to ramp up this program so quickly. It is a great idea, but they could probably sell any pv they could make for a quick profit without resorting to this type of offer. We talked about Nanosolar film technology some time ago. They would have a better chance of producing 500MW/yr. than citizenre would.
Each is going to make his point. And the public gets to decide the case. Isn't that how it works in a civil case?
Yes, but opposing counsel can impeach the credibility of witnesses; cross examine to establish the validity of evidence, etc.
Crap, I think I got scammed. No, not by Citizenre. I just bought a build your own wind mill from Home depot. I think it was the same contractor that tried to get me to pay $12K for a new roof back in 2000.
Uh oh, Jim. How much did you pay?
What is we used hobo-blood to fuel our cars and heat our homes? That would work, yes?
Hey, that's a great idea Rickey! We'll solve two problems at the same time! While we're at it, maybe we should use some of those illegal aliens too. We've got millions of them.
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