Investments in Solar Energy Generate New Confidence: Principal Solar Releases Guidance, “Investing in the Power of the Sun:...
September 10 2012 - 1:21PM
Business Wire
Principal Solar, Inc (PSI; OTC Pink: PSWW), a
publicly traded solar energy holding company executing a unique
roll-up strategy to create the world's first distributed solar
utility, today announced the release of its White Paper, “Investing
in the Power of the Sun: The Capitalist Case for Solar Energy.”
Authored by Michael Gorton, chief executive officer and chairman of
PSI, and Dan Bedell, executive vice president of PSI, the
paper outlines the U.S. solar energy industry’s trajectory
toward grid parity, offers the financial community a solid
rationale for investing in solar as a “power partner” for
generating cost-effective, peak generation energy, and documents
the solar industry’s strength even without government
subsidies.
“A solid capitalist foundation will be the primary factor
driving the coming ‘gold rush’ in solar development, and now is the
time for traditional conservative thinking to re-examine the facts
about solar energy, explore its potential for delivering more
efficient and less costly power, and concurrently create jobs and
opportunities that trigger economic growth,” says Gorton. “This
trigger would be possible because electricity drives almost every
part of the economy, and cheap abundant electricity helps keep
industry competitive.”
The paper examines the recent past and potential future of
photovoltaic (PV) solar in terms of how it has compared with
traditional generation and how, even without government subsidies,
solar utility scale projects will reach a price per kWh that will
be at -- or less than -- traditional generation, possibly as soon
as 2014. By utilizing a recent MIT study to make projections, the
paper demonstrates that by 2020, solar projects could produce power
significantly lower than the nuclear, coal or natural gas.
“With continued advances in technology and increases in
manufacturing scale and sophistication, the cost of PV will
continue to decline steadily resulting in competitive electricity
in a growing number of regions,” Gorton adds. “The continued,
annual drops in the cost of solar will not only result in
competitive electricity, but in cheaper electricity coupled with
higher profit margins for the industry.”
About Principal Solar
Principal Solar, Inc (PSI; OTC Pink: PSWW), is a publicly traded
solar energy holding company executing a unique roll-up strategy to
create the world's first distributed solar utility. PSI
concentrates its resources on the acquisition, finance,
development and management of solar power companies. The Principal
Solar Institute, an educational organization created by Principal
Solar, Inc., is dedicated to spreading solar knowledge to the
critical stakeholders in the ongoing energy debate. Visit
www.PrincipalSolar.com.
Cautionary Statement Regarding Forward-Looking
Statements
Statements in this press release that are not statements of
historical or current fact constitute "forward-looking statements."
Such forward-looking statements involve known and unknown risks,
uncertainties and other unknown factors in the solar energy
generating industry (market risk, government regulation,
operational risks, etc.) that could cause the Company's actual
operating results to be materially different from any historical
results or from any future results expressed or implied by such
forward-looking statements. In addition to statements that
explicitly describe these risks and uncertainties, readers are
urged to consider statements that contain terms such as "believes,"
"belief," "expects," "expect," "intends," "intend," "anticipate,"
"anticipates," "plans," "plan," to be uncertain and
forward-looking. The Company does not assume a duty to update these
forward-looking statements, except as required by law.
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