In another sign that Wall Street sees green in green energy, Morgan Stanley will finance and own solar arrays to be installed by SunPower (SPWR) at seven Wal-Mart stores in California that will produce 4.6 megawatts of electricity. Morgan Stanley (MS) will then sell the greenhouse gas-free power back to Wal-Mart (WMT) at market or below market rates as part of a long-term contract. Last month Wal-Mart announced that it was installing solar arrays at 22 of of its stores. Wal-Mart will keep any renewable energy credits associated with the production of green electricity. Those credits may have value one day if California establishes a carbon trading market as part of its limit on greenhouse gas emissions. Morgan Stanley’s move shows that Wall Street behemoths are moving into the green energy financing market, along with players like GE Energy Financial Services (GE) and pioneering outfits like MMA Renewable Ventures (MMA).
Morgan Stanley Jumps into Solar Market with SunPower-Wal-Mart Deal
June 20, 2007 by Todd Woody
Green Wombat 
It is about time someone realized that solar power saves money in the long run. Why don’t electric companies offer to place solar units on houses to produce 50 per cent or more of the households power and charge a monthly amount equal to or less than the cost of electricity at current rates? They would save billions instead of building nuclear power plants and help, rather than ruin the environment as they would with coal plants
JUST DO IT
Do your homework, read http://www.climatechange.ca.gov/events/2007-06-12_mac_meeting/2007-06-01_MAC_DRAFT_REPORT.PDF
Arne:
The people who run our utilites companies have billions of dollars invested in producing cheap, dirty energy.