10/11/2005

solar cash

OK people,I know i should have blogged about this in June. The unfinished post is in my notebook :(
Well, the solar energy business is not just about environmentalism. The growth in this sector is/could be exponential. According to wired, the site i check regularly; solarbuzz made 6.5Billion in 2004 (that's a B for billion in case you missed it) and predicts sales will nearly triple to 18.5 billion by 2010. Joanna Glasner sums it up really, the solar sector is already hot.
Check the article for specific stocks that she includes.

I read a case study about Nth Power awhile ago, the company has a long history of environment friendly tech, that i am going to have to review, they are on the board of Evergreen solar.

If you would like to 'invest your principle with your principles' (*and possibly get a decent ROI on your investment) check out social invest.org has info and reports on several funds that cover the different renewable energy fields. The new alternatives fund is one such fund.

Other companies not included in the article that i can think of right now, are Black and Veatch consulting (they are hiring) Check here
and domini social investments.

Watch a short clip of solar tower of power (In canada) and i wish i could say that 'this blog is 100% solar' for now its not...in future perhaps.
**soo not an expert so dont try to sue me if you lose hmmmkay?

10 Comments:

Blogger Curious said...

Solar energy as an alternative fuel is a worthwhile activity. Only problem is that currently in the UK, one has to more or less wait a long while for their investment to break even (money saved agaisnt costs) because the solarisation of households is not yet mainstream, hence the costs of setup are a bit of a hinderance.

Nevertheless, if I could, I would have all my activities solarised. It's about time energy companies stopped running things so unrepentantly.

10/13/2005 4:40 AM  
Blogger UARIDI said...

Considering the current state of the environment - global warming, earthquakes and hurricanes, I think it is time solar energy and indeed all other alternative energies were put in the forefront. I know Kenya would benefit greatly from investing in solar power (all that sun!!!)

Thanks for the post

10/13/2005 4:59 AM  
Blogger bismotech said...

I was just browsing the net and happen to come across your blog. Nice to see decent conversation from fellow Kenyans.
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10/13/2005 11:14 AM  
Blogger Afromusing said...

@curious. indeed, when i was looking at greenjobs.com / renewableenergyaccess.com, it appeared that the UK companies were recruiting heavily...once the set up price reduces significantly i think the shift to solar could be massive...State Tax credits in the US help 'hygridders' offset the initial cost, which is encouraging adoption especially in California and New mexico.

@Uaridi: Definitely! Solagen and Kengen are providing the services in kenya, will be checking them out later in the year and i hope to write something on that.

@ bismotech welcome to the kenyan blogosphere, check out kenyaunlimited for the blog ring...i hope you enjoy!

10/13/2005 3:02 PM  
Blogger sandman said...

I don't understand why people don't just wake up and insist their governments commit to alternative enegry sources and end the reliance on fossil fuel. It will be interesting to see what developements would have been achieved by say 2010.

10/14/2005 3:36 AM  
Blogger jke said...

Man, I wish we could persuade our Governments into heavily investing into alternative energies. Here in Germany we have lot's of wind power / wind farms but they still only make up 3% of all energy used.

Our new chancellor Angela Merkel used to be a Minister for Environmental Issues some years ago, but even now she prefers to support those nuclear power plants.

10/14/2005 8:50 AM  
Blogger Afromusing said...

@ sandman - IMO adoption of alternative energy sources will come from the private sector. There are companies investing in solar panels because of a very simple reason - saving money. Its a huge motivator. Govts are somewhat clueless right now. Al gore was forward looking but hey...let me not go there.

@JKE.I hope so too. Hopefully once she settles in she will devote more 'political capital' he he to alternative energy. 3% is abt the figure here in the US i think there is much to be done.

10/19/2005 5:07 PM  
Anonymous Softlegend said...

Yeaahh great says,"If you would like to 'invest your principle with your principles' (*and possibly get a decent ROI on your investment) check out social invest.org has info and reports on several funds that cover the different renewable energy fields. The new alternatives fund is one such fund...........

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