“Two thousand nine will be a tough year,” Jigar Shah, founder of Sun Edison, wrote me in an email. “It will take the entire year for the solar industry to reorient itself to the new rules of the game. In the meantime, the third and fourth quarter will help us make up for a weak first quarter, but not enough to produce overall growth in 2009.” Shah doesn’t expect hiring in the solar industry to pick up until 2010.
Still, the American Recovery and Reinvestment Act of 2009 targets $11 billion for a smart grid, $2.3 billion for advanced battery technology, $6.3 billion to states and local governments for greater energy efficiency, guarantees $60 billion in loans for renewable energy power generation and electric transmission projects, and $2.5 billion for energy research. As that money gets spent, it should boost hiring and the economy with it. Click to continue reading »