Electricity rates in Germany drop by up to 40% during the hours in which solar power or wind power are active -- and this is what Merit Order ranking is all about, using the cheapest available electricity source first - and then filling in the gaps with more expensive coal-fired electrical power generation.
First Solar, Inc. (Nasdaq: FSLR), the world's largest maker of thin-film solar panels has seen its value fall to an all-time low today. At 4:00 PM EST, the company's shares were down 6.78%, trading at $19.25 on the Nasdaq.
The first solar panels ever installed, were photo-voltaic solar panels mounted on military satellites and blasted into space from Cape Kennedy, Florida during the 'Space Race' of the 1960's.
In attempt to stabilize itself, next generation automaker Fisker Automotive has removed Henrik Fisker as CEO and replaced him with Tom LaSorda, the former CEO of Chrysler Group.