Evergreen Solar

Topics: Solar cell, Photovoltaics, Manufacturing Pages: 3 (859 words) Published: April 15, 2014
According to the National Geographic Magazine, the use of solar polar or photovoltaic cells has surged at about 20 percent a year over the past 15 years. This is thanks to rapidly falling prices and gains in efficiency. Countries such as Japan, Germany and the United States are major markets for solar cells. With tax incentives, solar electricity can often pay for itself in five to ten years. (National Geographic) With this fact in mind, it is no wonder that the city of Massachusetts politicians felt that it would be a great investment. Solar energy is lauded as an inexhaustible fuel source that if free of pollution and has very few adverse effects on the earth. An example states that big windows placed on the sunny side of a building allow sunlight to heat absorbent materials on the fllor and walls. These surfaces then release the heat at night to keep the building warm. Similarly, absorbent plates on a roof can heat liquid in tubes that supply a house with hot water. (National Geographic) In my own life, I have experienced the amazing power of solar energy. As a small child growing up in Guyana, South America, I remember taking cold showers in the morning. By the afternoon time, the sun would heat up our plastic, Rubbermaid water tanks and I would experience for a short period, ‘hot water.’ Of course, this has improved over the years, and many households in my country choose to apply solar water heaters to their homes. This helps to save on electricity and other costs. Evergreen Solar is listed a company that was ‘a fully integrated manufacturer of solar panels producing wafers, cells and panels. On August 15, 2011 the company filed Chapter 11 bankruptcy which is the claim that it must reorganize and restructure with the intent of selling its assets. The company was founded in 1994 and was publicly traded. It produced photovoltaic cells and was a part of Massachusetts big plan to boost employment amongst many other things. (Wikpiedia) The...
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