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Author Topic: BP solar down sizing  (Read 2167 times)
randalm
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« on: May 18, 2009, 06:36:04 AM »

Why is BP solar being allowed to down size now? They have the money and the power to expand their operations. If Obama gets into antitrust talks, will BP and Shell have to give up their solar operations?
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woobieizer
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« Reply #1 on: June 02, 2009, 12:11:54 AM »

No so much allowing them (as they are a publicly traded corporation) from reading the link below: posted in April
http://www.nature.com/naturejobs/2009/090409/full/nj7239-791e.html

take it for what it's worth: face value. And possibly because with competition, transportation cost can have a big impact on a bottom line: Tennessee will be spending their stimulus money on a solar farm and using "materials produced by Sharp Electronics Corp., which manufactures solar panels in Memphis, and AGC Flat Glass in Kingsport, which makes glass for solar panels."
http://www.boston.com/news/world/europe/articles/2009/05/13/tenn_to_spend_stimulus_money_on_solar_projects/

Here's a followup question.. where is this over supply BP Chief executive Reyad Fezzani alludes too, and why don't we see the price of solar panels decreasing?  With HR 1424 30% tax credit  And a whopping 400% increase in the ARRA bill American Recovery and Reinvestment Act of 2009, Pub. L. No. 111-5, 123 Stat. 115 (2009) (“2009 Act”) amended §54D(d) quoting from:
You'd think a big photon powered light bulb would go off above every US utility consumer's head.
http://apps1.eere.energy.gov/news/news_detail.cfm/news_id=12025
To help individuals take advantage of all the tax credits, Division C of H.R. 1424 increases the income limits for the Alternative Minimum Tax, while the energy tax provision allows unused tax credits to be carried over to the next tax year. And to help finance energy efficiency improvements, the bill authorizes $800 million in Qualified Energy Conservation Bonds, which will be issued by state and local governments. The bonds can be applied to a wide range of energy efficiency projects, research and demonstration projects, and even renewable energy projects. The bill also extends the authority to issue bonds for qualified green building and sustainable design projects through 2012.

Thanks for the question.
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