By Al Rosen, Director, Absolutely Solar Inc.
Starting this month, the Los Angeles Times published the first two articles in an occasional series about the impacts of large scale-solar projects on California’s desert. This most recent article, published last week, covers rising expectations for growth and its potential for inflated prices, with plenty of room for disappointment. Here’s our take on it.
Like so many land rushes and bubbles of the past (including the recent housing bubble and crash), the current solar land rush isn’t going to last. In bubbles, people invest based on half-truths, lack of information, rumors and the powerful emotions of crowds–essentially, enough hot air to leave that market vulnerable to a sudden burst.
Continue reading “California’s New Gold Rush Is Not Necessarily a Silver Lining”