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Technology Stocks : Energy Conversion Devices

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To: Allen Bucholski who wrote (7563)	2/25/2004 8:16:16 AM
From: Tom Hoff	Read Replies (1) of 8393

We are getting a piece of this action I just don't know how much. With excellent sunshine all year round, Thailand is primed for massive development in solar energy. The current installed capacity of the Kingdom is only 5 megawatts but new projects will push this capacity to 50 megawatts in 5 years.** The government recently announced it would commence on a project this October to get 300,000 homes installed with solar cells and generating some 36 megawatts of electricity. This is targeted for completion in 2008.**** The Thai government has also initiated an energy conservation program under which financial incentives are given, including a 50 percent grant on the capital cost of rooftop solar systems. With steady development over the succeeding years, Thailand can become one of the most important solar markets in Asia. By 2010, a Greenpeace study predicts that the country’s solar energy market will be worth some US$153 million, creating jobs for nearly 2,000 people. By 2020, the figures jump to US$745 million and 17,000 jobs.

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