Does any one else think these expected revenue might be a little conservative ?
We are expecting sales to be around 450-500M per year as well as an additional incentive through the federal government rebate program for another 7 cents per watt of electricity we produce.
The plan is to build a 1.2GW solar panel manufacturing plant, correct?
"A watt is a measure of power and there are 1.2 billion watts in 1.2 GW"
Cost of Solar Panels by Type Monocrystalline Solar Panels
On average, monocrystalline solar panels (the most energy-efficient solar panel option) cost $1 to $1.50 per watt, meaning that outfitting a 6kW solar panel system (also known as a solar system) costs between $6,000 and $9,000. Polycrystalline Solar Panels
Less energy-efficient than monocrystalline solar panels, polycrystalline solar panels cost $0.90 to $1 per watt, so outfitting a 6kW solar panel system would cost between $5,400 and $6,000 making it a more affordable option. Thin-Film Solar Panels
On average, thin-film solar panels cost between $1 and $1.50 per watt, meaning that outfitting a 6kW solar panel system costs between $6,000 and $9,000. Thin-film solar panels are more inexpensive than their counterparts but require a large amount of space, and hence, are primarily used in industrial settings.
We also have an active and current LOI for close to 750MW of pre-orders once we get started and we are working on providing OEM or partner panels in the meantime.
A megawatt (MW) is one million watts and a kilowatt (kW) is one thousand watts.
So even if they only made 90 cents to 1 dollar per watt they already have in orders 750 million dollars at half of capacity.
That not counting FoxEss sales, SPP percent of Marine Battery repairs, 7% gov't electric rebate or SPP store.
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