RE:RE:Solar How is solar a bust? Do you mean only for KWH, or for the entire world?
Because even for KWH, it makes sense.
There were 1.3 million homes in the US equipped with solar panels in 2016, up from 30,000 only 10 years earlier. By 2030, 50% of California's energy will come from renewable sources according to legislation. Solar employs more people in the US than oil and gas and 3x more than coal. Renewables are the future and Crius would have to be daft not put a foot in the door of this huge potential market.
And that's just the US. It's growing even faster in other countries. There's a race to be carbon-free.
Costa Rica is already at 99% renewables. Sweden, Germany, Uruguay... even China is closing coal mines and turning to renewables, as pollution often forces the country to shut down its factories. All these countries are relying on a mix of renewables including solar as they get closer and closer every year to dropping carbon sources entirely.
So is Crius suffering a bit short term because of their solar acquisition? Maybe. But it might be well worth it in the long run.
deisman03 wrote:
Sukhi, as much as I respect your opinions, SOLAR is a bust. Not only that, this isn't Delhi.
I haven't bothered to check but I sincerely doubt those Delhi busses are being recharged with solar panels. If they are, they are being done by a huge grid of such panels. The solar panels sold by our subsidiary are meant for roof tops. Not only that, they bought a controlling interest in this company after it was obvious that the States they were selling them in were going to be cutting off the subsidies, due to other private energy produceres proving in court that the subsidies created an unfair business environment and that if all of the costs were added up, without the subsidies the energy being produced by the solar panels was close to or even more expensive than traditionally produced hydro generation.