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Floyd Associates Publishes Research Report on Solar Power Industry

Posted on: Wednesday, 22 October 2008, 18:00 CDT

Floyd Associates, a privately held consulting firm with operations in strategic development, investment banking, and mergers & acquisitions, announced today that it has completed and published a research report about the global solar power industry.

Given the size, population, resources, and level of technology development in the United States, the US solar market is believed to be the most underexploited in the world. The US solar market has experienced fantastic growth over the last five years. As part of the Emergency Economic Stabilization Act of 2008, the U.S. Investment Tax Credit provides another eight years extension for commercial and residential investments. Trends in solar thermal power revolve more around mandates and financing than technology, thus the ITC provides the necessary financial support to ensure the growth of this emerging technology.

Within the solar market, solar thermal (concentrated solar power) installation is expected to surpass those of solar electric (photovoltaic). Research indicates that utilities firms are looking at solar thermal as the preferred alternative energy technology. Solar thermal energy presents a more cost-effective way to reduce dependence on fossil fuels and meets the renewal portfolio standards (RPS) that call for a certain percentage of renewable energy by a certain time.

Solar thermal (Concentrated Solar Power) is a technology that utilizes heliostats (optical mirrors) to focus sunlight on electronic receivers. This heats up the transfer fluid, which then generates steam to drive a conventional turbine engine. The three most popular solar thermal technologies are the dish concentrator system, the parabolic trough system, and the solar tower system. To review the full report please go to: http://www.floyd-associates.com/solar.pdf.

Floyd Associates will present the findings of its research along with other material at the Global Investment Symposium in Dubai, UAE in October 2008.

To read more about Floyd Associates please visit www.floyd-associates.com. If you have questions or comments, please contact us by email at info@floyd-associates.com or call us at: +1 (310) 300-0890.

About Floyd Associates

Floyd Associates is a privately held consulting firm with expertise in corporate finance, business strategy, and mergers and acquisitions. Our expert team advises companies of various sizes on capital raising instruments, optimal capital structures, and formation of strategic alliances. Capitalizing on years of experience, the Company offers complete solutions customized to meet the specific needs of each of its clients. The Company intends to form long lasting relationships with its clients and to maximize shareholder value through optimization of capital structure and business planning. Solutions include equity financing, business expansion plans, global corporate finance solutions, and international trade strategies.

Forward-Looking Statements

Except for historical information contained herein, the statements in this news release are forward-looking statements that involve known and unknown risks and uncertainties, which may cause the Company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.

 Contact: Floyd Associates Email Contact

SOURCE: Floyd Associates

Source: MARKET WIRE

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