Solar Energy Could be the Next Big Provider of Green Power

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The following is an advisory by Industrialinfo.com (Industrial Information Resources, Inc.; Houston, Texas). Larger demand for environmentally friendly green power is creating an interest in solar/photovoltaic power sources. Currently only about 300 mega-watts (MW) per year are being developed, primarily in 100 kilowatt or smaller increments. Industrial Energy Producers (IEP) are playing a leading role in the development of solar power and consuming the energy internally to satisfy electrical needs.

Arizona Public Service Company (APS), a subsidiary of Pinnacle West Capital (NYSE: PNW) (Phoenix, Arizona), has 1MW that is being sold to the grid and plans to double this by the second quarter of 2002. Composite Power Corporation (Nasdaq: CPWW) (Las Vegas, Nevada) is considering a large solar power generation plant in Nevada that could produce in excess of 100MW.

Suppliers of solar panels and supporting equipment are working to improve their technology offerings in preparation for the expected growth potential of solar energy. The goal for the solar industry is to develop 300MW of solar energy per year and increase that to 1,200MW per year by 2010 and maybe as high as 5,000MW per year by 2020.