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• Google and Chevron beat solar companies to the punch

  Posted May 27 2008, 12:24 PM by Douglas McIntyre
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  Filed under: Google, Goldman Sachs, Energy, alternative energy, JPMorgan, Wells Fargo, Suntech, Chevron
  Money Blog: Top Stocks Blog - MSN Money

  Solar energy may be the wave of energy's future, but companies like Google and Chevron may best start-ups in getting to the benefits. A number of large American companies with tremendous balance sheets are pouring money into solar energy based on the fact that it is becoming more competitive with oil.

  According to Bloomberg, "Costs for the technology will fall below coal as soon as 2020, the U.S. government estimates. JPMorgan and Wells Fargo invested last year in the biggest solar plant built in a generation; Chevron and Google are funding research; and Goldman Sachs is seeking land to lease as demand out-paces wind turbines and geothermal."

  Given the potential size of the bonanza, the investments should not be surprising, but they could squeeze smaller solar energy companies out of the market. Firms like JA Solar and SunTech bet their entire futures    Read More...

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