To: RetiredNow who wrote (557354 ) 3/29/2010 1:15:53 PM From: tejek Read Replies (1) | Respond to of 1576159 Some realities about altern. energy and job creation.BP Shuttering U.S. Solar Plant By Eric Rosenbaum 03/29/10 - 10:37 AM EDT FREDERICK, MD. (TheStreet) -- BP Solar, the solar panel manufacturing subsidiary of British petroleum giant BP(BP), is shutting its solar panel plant in Frederick, Maryland and laying off 320 plant employees. BP's move is another sign of the disconnect that exists between the political rhetoric in Washington D.C. to link green energy's development to U.S. job growth, and the reality of globalized manufacturing and, in particular, the drastic reductions in solar module prices in the past year. New York Senator Charles Schumer recently introduced legislation to cut off funding to alternative energy projects in the U.S. that don't serve as a significant source of U.S. job growth. Schumer has taken aim specifically at a wind power project being developed by A-Power Energy Generation Systems(APWR). In response, A-Power has announced plans to construct a wind turbine plant in Nevada and has lined up the support of Senator Majority Leader and Nevada Senator Harry Reid. Analysts have argued that in the case of wind power, the size of turbines and towers makes it more logical to manufacture domestically, while the relative ease of shipping solar modules continues to argue for the outsourcing of solar manufacturing to Asia. Even Evergreen Solar(ESLR), which received a big paycheck from the state of Massachusetts to set up a plant in the state, has since capitulated to the reality of globalization and Evergreen Solar is moving a large portion of its manufacturing to China. The Evergreen example, in fact, may be the starkest example in the reality of manufacturing trends: it costs Evergreen less to pay workers in China to manufacture solar components and ship those components back to the U.S., then to have a state-of-the-art robotic assembly line in Massachusetts complete the brunt of the manufacturing. It was a little over three years ago that BP and Maryland state officials hailed the $70 million plant as a green-jobs winner. Last Friday, BP said it would save up to 45% in costs by closing the plant. "We remain absolutely committed to solar," BP chief executive Tony Hayward told the Washington Post about the plant closing, but conceded that BP was "moving to where we can manufacture cheaply." read more.......thestreet.com