“This is a market-making type of transaction,” prophesied SunPower CEO Tom Werner, after Apple recently awarded $850 million to First Solar for a 130-megawatt PV plant to green its world-beating empire. Let us pray, said the solarizers.
We’ll pray with data, of course, in this handy report card on corporate solar progress so far. Apple’s blockbuster deal with First Solar certainly sets both apart as a PV paragons although, as CEO Tim Cook will probably tell you himself, it was something of a renewable energy no-brainer. In the final analysis, the question is never really whether or not other titans will follow Apple’s example, but when? Are these corporations truly committing to solar, or are they focused on stalling innovations like net metering and distributed generation? Queries abound.
“Given the profile of Apple and their reputation, we think it’s going to stimulate a lot of other companies that may not have programs as active as Apple’s to ask questions,” First Solar CEO Jim Hughes said after the deal was announced. “Is there a smarter, better way we can procure our energy?”
Citizens spending hard-earned dollars to go solar also want to know who’s on their side. The goods news is that all of the following corporations are, after a fashion, throwing their political and economic clout into solar energy. The bad news is that some of them, even the best, have much more act to clean up.