Saturday, March 30, 2013


REC is currently developing a 18 MW solar power plant in Europe at cost below 1
REC Investor Presentation - February 2013
If the Europeans can do sub-Euro/Watt installs you have to figure the Chinese will be at or close to sub-Buck-a-Watt prices by the end of 2013. A Buck-a-Watt install in Tibet at 90% financing, 5% interest and a 5% discount rate delivers electricity at about 5 cents/kWh. Boom.

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