Solar in Canada

[Tackler]

Globe/DJ say Creststreet recommends Arise, others

2007-12-14 04:52 MT - In the News

See In the News (C-APV) ARISE Technologies Corp

The Globe and Mail reports in its Friday, Dec. 14, edition that Creststreet Alternative Energy Fund manager Steve Martin is bullish on the whole solar energy industry, compared with other alternative energy groups, such as wind power. A Dow Jones dispatch to The Globe reports that Mr. Martin says solar power is more attractive than wind power because output is easier to expand. Solar panels work well on rooftops or in large-scale solar farms. In contrast, wind turbines need large areas to make power efficiently, says Mr. Martin. Creststreet's solar power exposure includes ARISE Technology, Day4 Energy, Timminco and Opel International. Each of these companies is focused on bringing down the costs of producing solar power and/or making the panels operate more efficiently, says Mr. Martin. He believes solar power development is in an "accelerated growth phase." He says the cost to produce this power continues to fall. He says the costs of solar power "are coming down a lot faster than they are for wind power, geothermal power or for some of the other areas." The high price for crude oil is spurring interest in alternative energy stocks, notes Mr. Martin.