June 15th, 2009
Forbes had an article earlier this month on SunPower and the solar energy revival it expects to see soon…
This guardedly optimistic outlook came Tuesday… and follows an abysmal period in which new commercial-scale solar business has stalled due to the lack of bank funding for projects. The defunct investment bank Lehman Brothers had been a major investor in renewable energy projects.
SunPower CEO Tom Werner says that the Treasury Department's cash grant program (part of February's economic stimulus package) will begin to bring new life into the industry in July.
SunPower is the U.S.'s largest solar power company.