NewEnergyNews: GETTING RICHER IN SOLAR WITH SILVER?

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    Founding Editor Herman K. Trabish

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  • FRIDAY WORLD, June 22:

  • Climate Change Goes Downtown
  • New Energy To Be Most Of World’s Power in 2050
  • Emerging New Energy Markets Are Key

    Thursday, February 18, 2016

    GETTING RICHER IN SOLAR WITH SILVER?

    Solar Energy: Analyst Reveals Simple Way to Profit from Solar Power Boom

    Mourad Haroutunian, February 17, 2016 (Profit Confidential)

    “Advocacy group Understand Solar is projecting the rise of power alternatives like solar energy could send silver prices skyrocketing…Silver is essential to the solar market…[because it] has the highest electrical and thermal conductivity of all metals, while solar energy generation is, by far, the fastest-growing generation source…Silver is used to make silver paste, which conducts electricity out of solar cells. About 20 grams of silver are used in each panel…Silver has rallied 11% so far this year, compared to an 11% drop for the NASDAQ 100 futures…[T]he U.S. solar power boom took off and grew 1,600%, thanks to the [2008] eight-year extension of the 30% Investment Tax Credit in the U.S…[The recent five-year extension will extend it and China’s] 12th Five-Year Plan set the stage legislatively and with state bank financing to install 70 GW of solar energy by 2017…Now China’s 13th Five-Year Plan ramps that up higher for 2020, with a target of 150 GW of solar power…” click here for more

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