Be sure and watch for signals of a stock market recovery in order to be ready to attribute or discount the effect to your favorite pet cause. Try it with a friend!
Seriously, it would be just as irresponsible to say that the market is up because we’re seriously considering tackling healthcare reform. Or, we’re saving the financial system via recapitalization through profit-taking. Wait a minute… that’s ugly because it’s TRUE. Which is something altogether different. A guy getting arrested breaking into his own house? That’s a rejected plot line on Lost. Not nearly unbelievable enough.
Some things we’d rather see, while for others we might do anything in exchange for the power to look away. Taken together or separately, what would any of these developments mean? They’re actually worth going into on their own merits, but that might unfold too slowly and allow us to miss the forest when the trees are SO pretty.
EDF Energies Nouvelles (EDF EN) and First Solar, Inc. (Nasdaq: FSLR) today announced a venture to build France’s largest solar panel manufacturing plant. With an initial annual capacity of more than 100MWp, the plant will produce solar panels made with First Solar’s advanced, thin-film photovoltaic technology. This new venture will support the recently announced goal of the French government to become a leader in sustainable energy technologies including solar electricity. At full production, projected for the second half of 2011, the plant will employ more than 300 people.
Under the terms of the arrangement, First Solar will build and operate the plant in France. The plant represents an expected investment of more than €90 million. The initial annualized capacity of the plant is expected to exceed 100MWp, making it the largest manufacturing facility for solar panels in France. EDF Energies Nouvelles has agreed to finance half of the capital expense and plant start-up costs and will benefit from the plant’s entire output for the first 10 years. First Solar and EDF EN intend to announce their decision on the site location within the next few months.