And another one bites the dust
From
Yahoo News/AFP:
Solar giant Suntech defaults on debt
Chinese solar panel giant Suntech Power announced Monday that it was in default on its debt after failing to make a payment on $541 million worth of bonds.
Wind and Solar have no viable business model unless there are substantial subsidies and we all know where these subsidies come from -- our own paychecks.
Nuke or Coal power costs about 6� per Kilowatt/Hour
Solar or Wind power costs about 30� per Kilowatt/Hour
No amount of future development will shift this number by more than ten percent or so.
Posted by DaveH at March 18, 2013 9:11 PM