Tuesday, August 19, 2008

Giant solar project in California rivals coal plant

NEW YORK (MarketWatch) -- SunPower Corp. shares rallied 18% Friday after the solar-panel maker announced its participation in a giant 800-megawatt, photovoltaic project from Pacific Gas & Electric Corp., hailed by industry insiders as the first major utility-scale endeavor of its kind in the United States. Analysts cheered the project's news as a positive move for the solar stocks, hit by concerns tied to a slowing economy and oversupply, as well as uncertainty over federal tax $ub$idies for alternative energy...

[Pop Quiz: can anyone spot what makes this 'technology' so green...?]

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