I ran into a venture capitalist colleague coming out of Palo Alto's Whole Foods yesterday evening. I mentioned a VC-funded solar startup CEO I had just interviewed, and this VC, let's call him Sanjay, just rolled his eyes and said, "Solar is done."
Sanjay pointed out, in-between bites of raw fawn hearts, the logic that now made solar investing, at least in solar panels, a lost cause for venture capital investors. He explained, "Let's s
ay your capex is $1 per watt for your solar panel factory. Given the moving freight train that is the current solar industry, you're going to have to ramp up to half a gigawatt or a gigawatt. That's $500 million to one billion dollars just to build your factory."
To read the full, original article click on this link: The Sunset of Solar Venture Capital : Greentech Media
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