QSolar Limited (CNSX:QSL) Announces it has Achieved Grid Parity on a Commercial Scale, Utilizing Solar Power - Video Summary Posted on www.InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, December 15, 2011 - QSolar Limited (CNSX:QSL)
announced it has achieved grid parity on a commercial scale, utilizing solar
power. This has been the holy-grail of the solar industry, and this is the first
time a commercial solar installation has produced electricity at a comparable
cost to electricity produced by fossil fuels.
InvestmentPitch.com has produced a "video news alert" about QSolar. If this link
is not enabled, please visit www.InvestmentPitch.com and enter "QSolar" in the
search box.
QSolar's President Andreas Tapakoudes stated, "In spite of the adverse economic
climate QSolar pursued this goal as we strongly believed in our technology. Our
Shanghai plant is now the first manufacturing facility in the world able to
manufacture solar panels at a cost well below the industry standard cost and
sell at the lowest price, below the cost price of the competition. The outlook
for 2012 and beyond is exceptional."
Today's news was right on cue, following up on a news release from June in which
QSolar stated it would obtain grid parity by the 4th quarter.
With solar stocks slumping and bankruptcies piling up around the world, think
California's Solyndra in August and Berlin-based Solon this week, this is just
the news that investors have been awaiting.
Even Warren Buffett is loving solar. His MidAmerican Energy Holdings has agreed
to buy a solar power farm in California worth $2 billion. MidAmerican Energy
will take over Topaz Solar Farm, which is expected to produce enough power to
run 160,000 homes when it is up and running in 2015. MidAmerican, which is part
of Buffett's Berkshire Hathaway empire, is the largest wind energy provider in
the United States, where it operates more than a dozen wind farms.
Analysts suggest that Buffett is moving from wind to solar power to take
advantage of lucrative tax breaks. Gerard Reid, an analyst at Jefferies said,
"Tax credits for wind in the US expire at the end of next year, while solar ones
run until 2015."
This is the perfect storm for QSolar, as they are awaiting United Laboratories
Certification, which it expects within the next 8 weeks. This certification will
open up the vast U.S. market, which is currently ranked fourth in the world for
new solar installations, but is expected to become the largest solar market
within a few years.
QSolar manufactures solar photovoltaic panels at its new manufacturing
facilities in Shanghai China, as well as with a contracted manufacturer in
Shenzhen, using its proprietary patent pending Spraytek process and its own
designs. QSolar can now sell crystalline solar panels at $0.65 per watt, below
the average cost price of the industry.
QSolar currently trades at $0.15, and with approximately 41 million shares
outstanding the company is capitalized at $6 million.
For more information, please visit QSolar's website at www.qsolar.net, phone
403-775-1266 or by email info(at)qsolar.net.
InvestmentPitch.com is a multimedia company that provides a combined solution
for creating and hosting financial video content, and distributing it across
multiple platforms to investors and financial professionals. InvestmentPitch.com
specializes in producing short, three minute videos based on news releases and
research reports.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
604-684-5524
bmorgan(at)investmentpitch.com
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originality of the information contained therein.
Source: InvestmentPitch via Thomson Reuters ONE
[HUG#1571908]
Unternehmensinformation / Kurzprofil:
Datum: 15.12.2011 - 21:19 Uhr
Sprache: Deutsch
News-ID 97786
Anzahl Zeichen: 4337
contact information:
Kategorie:
Business News
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