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Or does it make economical sense? Not based on hi

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Post# of 13555
(Total Views: 106)
Posted On: 01/09/2024 10:19:19 PM
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Posted By: drugmanrx
Re: ThreeEmInEn #5391
Or does it make economical sense? Not based on history,

Quote:
Still say the company should have used 1 of those 8 SPP manufacturing facilities, stated in the 2017 press release, where SPP was supposedly "building" "its" solar panels.

(That would have been a lot less expensive versus borrowing 50 m



2017 was not good for US solar panel manufacturers after all.

Largest US Solar Panel Maker Files for Bankruptcy After Receiving $206 Million in Subsidies May 11, 2017
https://www.dailysignal.com/2017/05/11/larges...subsidies/

Solar Shake-Up: Why More Bankruptcies Are Coming in 2017
By Travis Hoium – Updated Apr 19, 2017
https://www.fool.com/investing/2017/04/18/sol...ng-in.aspx

The U.S. Solar Industry Has Been Dead For Years, So Why The Tariffs?
Jan. 25, 2018
https://seekingalpha.com/article/4140006-u-s-...hy-tariffs


BTW the correct quote from the article was

Quote:
in its eight world-wide manufacturing and assembly locations, five of which are in the United States.



The company never state it own 8 manufacturing facilities.

So, instead having other locations assembly and manufacture your panels in 2024 by manufacturing them yourselves you get full advantage of the new Federal incentives, tariffs protection and are not at the mercy if the company that you subcontract to assembly and manufacture your solar panels goes bankrupt.





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