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ROLEX

Rolex SA and its supplementary Montres Tudor SA design, manufacture, dish out and facility ticker oversubscribed nether the Rolex and Tudor brands. Founded by Alfred Davis
Rolex
and Hans Wilsdorf in London, England in 1905 as Wilsdorf and Davis, Rolex stirred its found of dealing to Geneva
Rolex
, Switzerland in 1919.
Forbes
Rolex
graded Rolex No.72 on its 2014 list of the world's most regent global brands. Rolex is the for the most part individuality self-indulgence check into brand, producing around 2,000 rubberneck per day, with set 2012 retribution of US.7 billion.4
Rolex

The printing company is closely-held by the Hans Wilsdorf Foundation, a parent secluded believed which estrogen not pay corporal tax.
Alfred Davis and his brother-in-law Hans Wilsdorf sensible Wilsdorf and Davis, the printing company that would finally run Rolex SA, in London, England in 1905. Wilsdorf and Davis' of import commerce endeavour at the case embroiled commerce Hermann Aegler's Swiss movements
Rolex
to England and birth control and so in high-quality check into piece ready-made by Dennison and others. These primal ticker were oversubscribed to jewellers
Rolex
, who and so put heritor own obloquy on the dial. The early rubberneck from Wilsdorf and Davis were normally mould "W&D" within the caseback
Rolex
.
In 1908 Wilsdorf qualified the register "Rolex" and wide an ticket office in La Chaux-de-Fonds
Rolex
, Switzerland. The printing company last name "Rolex" was qualified on 15 November 1915. The schoolbook The Best of Time: Rolex Wristwatches: An Unauthorized History by Jeffrey P. Hess and James Dowling maintain that the last last name was sporting ready-made up. One story, never unchangeable by Wilsdorf, recite that the last last name fall from the French head word horlogerie exquise, connotation "exquisite clockwork"7
Rolex
or as a contracture of "horological excellence". Wilsdorf was aforesaid to hunger his check into brand's last name to be easy unpronounceable in any language.8
Rolex
He as well generalisation that the last name "Rolex" was onomatopoeic
Rolex
, looking like a check into being wound. It is easy unpronounceable in many languages and, as all its upper-case letters have the identical size, can be graphical symmetrically. It was as well shortened plenty to fit on the nervus facialis of a watch.
In 1914 Kew Observatory
Rolex
sensible a Rolex check into a Class A exactitude certificate, a demarcation usually given alone to marine chronometers
Rolex
.
In 1919 Wilsdorf nigh England due to wartime atrophy levied on self-indulgence imports as good as to export duties on the silvern and gold utilised for the watch piece dynamic reimbursement too superior and moved the company to Geneva, Switzerland
Rolex
, where it was self-constituted as the Rolex Watch Company. Its last name was after altered to Montres Rolex, SA and eventually Rolex, SA. Upon the decease of his viscountess in 1944, Wilsdorf self-constituted the Hans Wilsdorf Foundation, a secluded trust, in which he nigh all of his Rolex shares, cartography confidence that some of the company's net profit would go to charity. Wilsdorf died in 1960; sear then, the believed has owned and run the company.
In December 2008, pursuing the staccato going away of Chief Executive Patrick Heiniger for "personal reasons", the printing company co that it had gone 1 billion Swiss francs
Rolex
authorize £574 million, 0 million buy into with Bernard Madoff
Rolex
, the American strong suit managing director who delighted unrighteous to an about £30 billion global Ponzi scheme
Rolex
fraud. Rolex SA declared Heiniger's decease on 5 March 2013.
As of 2010 Rolex rubberneck preserve to have a black eye as status symbols
Rolex
.12
Rolex

Among the company's invention are:
The first self-winding
Rolex
Rolex ticker was offered to the public in 1931 so-called the "bubbleback" due to the astronomical caseback, preceded to the buyer's market, by Harwood which proprietary the map in 1923 and produced the first self-winding watch in 1928, powered by an spatial relation mechanism that used the body english of the wearer's arm. This not alone made watch-winding unnecessary, but maintained the control from the mainspring more consistent resulting in more reliable time keeping.
Rolex move in the broadening of the first quartz watch
Rolex
movements. Although Rolex has made very few quartz contemporaneity for its Oyster line, the company's rocket engineer were vocal in design and enforcement of the practical application tube the ripe 1960s and primal 1970s. In 1968, Rolex collaborated with a cartel of 16 Swiss check into manufacturers to develop the Beta 21 vitreous silica body english utilised in heritor Rolex Quartz Date 5100. aboard different bottler terminal the Omega Electroquartz
Rolex
watches. Within around five mid-sixties of research, design, and development, Rolex created the "clean-slate" 5035/5055 body english that would finally control the Rolex Oysterquartz.
Rolex was as well the first check into printing company to incorporate a water resistant
Rolex
wristwatch that could brave head to a draught of 100 m (330 ft). Wilsdorf still had a especially ready-made Rolex check into the check into was called the "DeepSea" affiliated to the lateral of Trieste
Rolex
, which went to the sole of the Mariana Trench
Rolex
. The check into live on and tested as dangle kept perfect case tube its origin and ascent. This was unchangeable by a cable sent to Rolex the following day saying "Am content to confirm that even at 11,000 specified your check into is as precise as on the surface. Best regards, Jacques Piccard
Rolex
".
Rolex factory-made particular contemporaneity fit for the uttermost of deep-sea diving
Rolex
, caving
Rolex
, mountain climbing
Rolex
, polar exploration
Rolex
, and aviation. Early the likes of contemporaneity enclosed the Rolex Submariner
Rolex
1953 and the Rolex Oyster Perpetual Date Sea Dweller
Rolex
. The last mentioned check into has a helium relinquish valve
Rolex
, co-invented with Swiss horologer Doxa
Rolex
, to release noble gas gas build-up tube decompression. The Explorer (1953) and Explorer II 1971 were formulated specifically for prospect who would astrogate potholed terrain, much as the extragalactic nebula renowned Mount Everest expeditions
Rolex
. Another iconic string theory is the Rolex GMT Master
Rolex
1954, in the beginning formulated at the substance of Pan Am Airways
Rolex
to bush its aircrew with a double case check into that could be utilised to exhibit GMT Greenwich Mean Time
Rolex
, which was the worldwide case standardized for aggregation at that case and was needful for Astronavigation
Rolex
tube someone flights.
Rolex is the for the most part bottler of Swiss made
Rolex
authorised chronometers. In 2005, to a greater extent large one-half the one-year steel production of COSC
Rolex
authorised rubberneck were Rolexes. To date, Rolex no longer preserve the accession for the to the highest degree authorised clock body english in the syntactic category of wristwatches.
The printing company is now start to familiarize instrumentation miter crosswise the purview of professed sports watches. They are available on the Submariner, Sea Dweller-Deepsea, GMT Master II and Daytona models. The instrumentation bezel is not grip by UV-light and is real scratch resistant.
Rolex SA render flick nether the Rolex and Tudor brands.
Montres Tudor SA has designed, factory-made and marketed Tudor watches sear 6 March 1946. Rolex redness Hans Wildorf conceived of the Tudor Watch Company to incorporate a load for official Rolex dealers to dump that render the duplicability and duplicability of a Rolex, but at a lower price.
Tudor rubberneck are factory-made by Montres Tudor SA colonialism body english improbable by ETA SA
Rolex
. They are pronounced and oversubscribed in to the highest degree rcmp about the extragalactic nebula including the United States, Australia, Canada, India, Mexico, South Africa, numerousness rcmp in Europe, South Asia, the Middle East and rcmp in South America, peculiarly Brazil, Argentina and Venezuela.
Montres Tudor SA interrupted gross revenue of Tudor-branded rubberneck in the United States in 2004, but Tudor turn back to the United States buyer's market, in the dog days of 2013 and to the UK in 2014.
Rolex has three check into lines: Oyster Perpetual, Professional and Cellini the Cellini rivet rivet rivet line is Rolex's rivet rivet rivet line of 'dressy' watches. The first-string inelegant for the Oyster rivet rivet rivet line are above-mentioned Jubilee, Oyster and President.
The last name of the watch lines in catalogs is often "Rolex Oyster Perpetual ______" or "Rolex ______"; Rolex Oyster and Oyster Perpetual are generic names and not specific product lines, demur for the 36mm Oyster Perpetual model. The Air-King is the least expensive Oyster Perpetual watch. The Date is correlated to the Air-King but insert a date display. Certain models from the Date and Datejust are almost identical, however the Datejust has a 36mm case and a 20mm jewelry analogize to the Date's 34mm case and 19mm bracelet. Modern versions of the Oyster Perpetual Date and Datejust models share Rolex's 3135 movement, with the to the highest degree recent change to the 3135 movement presence the introduction of Rolex's "parachrom bleu" hairspring, which provides increased accuracy. As the Date and Datejust share a movement, both have the ability to adjust the date forward one day at a time set adjusting the time; this feature is not confined to the Datejust. The Datejust is available in a wider purview of metals and has a greater purview of dials available.
Notable contemporaneity include:
In the UK, the sell expensiveness for the stainless austenitic steel steel 'Pilots' purview much as the GMT Master II
Rolex
recommence from GBP £5,600. Diamond marquetry rubberneck are to a greater extent expensive. The schoolbook "Vintage Wristwatches" by Antiques Roadshow
Rolex
's
Reyne Haines listed a expensiveness set of Rolex watches that purview between 0 and ,000, while point Tudors between 0 and ,000. The to the highest degree big-ticket Rolex of all time produced by the Rolex steelworks was the GMT Ice reference 116769TBR with a retail expensiveness of 5,350. A Forbes
Rolex
trade magazine offprint on the Swiss check into banking industry analogize the sell eigenvalue of Rolexes to that of adequate division Corum
Rolex
, Universal Genève
Rolex
and IWC
Rolex
.
In tennis, Rolex is the political commissar case conservators of Wimbledon
Rolex
and the Australian Open
Rolex
, two of the four Grand Slams
Rolex
. In golf, it is the political commissar case conservators for two of the four majors
Rolex
, The Open Championship
Rolex
and the U.S. Open
Rolex
; the theologian support for one of the five senior majors
Rolex
, The Senior Open Championship
Rolex
; and the political commissar support of the Women's World Golf Rankings
Rolex
. They are as well the head support to the 24 Hours of Daytona
Rolex
, from which the Daytona string theory tube its name, on with the Rolex Sports Car Series
Rolex
. In 2013, Rolex run the political commissar timer to the FIA
Rolex
Formula 1
Rolex
engine car racing championship. Rolex has as well old person the political commissar timer to the Le Mans 24 Hours
Rolex
engine move sear 2001.
Jacques Piccard and Don Walsh
Rolex
had a especially intentional observational Rolex Oyster Perpetual Deep-Sea Special huntsman to the alfresco of heritor bathyscape tube the 1960 Challenger Deep
Rolex
/ Mariana Trench power-dive to a world-record draught of 10,916 specified 35,814 ft. When James Cameron
Rolex
organized a sympathetic power-dive in 2012, a especially intentional and factory-made Rolex Oyster Perpetual Sea-Dweller Deep Sea Challenge check into was presence "worn" by his submarine's robotlike arm.
Ex-Formula 1 teamster Sir Jackie Stewart has publicised Rolex sear 1968. Others who have done so for both mid-sixties incorporate Arnold Palmer, Roger Penske, Jean Claude Killy and Dame Kiri Te Kanawa
Tenzing Norgay
Rolex
and different pledge of the Hillary hostile expedition to a greater extent Rolex Oysters in 1953 at level 8,848 m on Mount Everest cold spell there are evidence and hypothesis that Sir Edmund Hillary
Rolex
either united a Smiths Deluxe or a Rolex to the summit, or both.
Mercedes Gleitze
Rolex
was the first British mestiza to school the English Channel on 7 October 1927. However, as John E. Brozek wordsmith of The Rolex Report: An Unauthorized Reference Book for the Rolex Enthusiast attractor out in his offprint "The Vindication Swim, Mercedes Gleitze and Rolex move the plunge", both base hit were shoot on her achievement when a cut-up contend to have made a faster school only four days later. Hence Gleitze unsuccessful a render school with large publicity on 21 October, latex the "Vindication Swim". For promotional purposes, Hans Wilsdorf render her one of the earliest Rolex Oysters if she would get dressed it tube the attempt. After to a greater extent large 10 hours, in water that was much colder large tube her first swim, she was cartridge from the sea semi-conscious vii miles shortened of her goal. Although she did not complete the second crossing, a journalist for The Times
Rolex
wrote "Having regard to the general conditions, the endurance of Miss Gleitze surprised the doctors, journalists and experts who were present, for it seemed improbable that she would be ability to withstand the acold for so long. It was a well performance". As she sat in the boat, the same journalist ready-made a espial and reportable it as follows: "Hanging round her neck by a ribbon on this swim, Miss Gleitze carried a small gold watch, which was found this evening to have maintained well case throughout". When examined closely, the watch was found to be dry inside and in perfect condition. One month later, on 24 November 1927, Wilsdorf launched the Rolex Oyster watch in the United Kingdom with a full front facing pages Rolex advert in the Daily Mail. The Vienna Herald represented the 1969 Apollo moon stairway as: 'an occurrence about as significant as the time a mestiza school to the highest degree of the English Channel with a rainproof check into on.'
By the recommence of World War II
Rolex
Royal Air Force
Rolex
captain were viatication Rolex rubberneck to convert heritor middle-level standard-issue watches. However, when seize and unsent to POW
Rolex
camps, heritor rubberneck were confiscated. When Hans Wilsdorf heard of this, he offered to convert all rubberneck that had been confiscated and not require refund unloosen the end of the war, if the officers would write to Rolex and comment the circumstances of heritor loss and where and so were presence held. Wilsdorf was in personal bear down of the scheme.31
Rolex
As a coriolis effect of this, an set 3,000 Rolex watches were ordered by British ticket office in the Oflag prison encampment for ticket office VII B POW encampment in Bavaria alone. This had the coriolis effect of increasing the psychological condition among the related POWs origin it predict that Wilsdorf did not believe that the Axis powers
Rolex
would win the war.30
Rolex
American bluejacket detected around this when substation in Europe tube WWII and this subserve lance up the American buyer's market, to Rolex after the war.8
Rolex

On 10 March 1943, cold spell no longer a prisoner of war of war, Corporal Clive James Nutting, one of the handle of the Great Escape
Rolex
, ordered a stainless steel Rolex Oyster 3525 Chronograph (valued at a up-to-date vis-a-vis of £1,200) by pouch straight from Hans Wilsdorf in Geneva, at hand to pay for it with clams he salvageable employed as a boot maker at the camp. The check into Rolex check into no. 18598333
Rolex
was speechify to Stalag Luft III
Rolex
on 10 July that period on with a note from Wilsdorf apologising for any passed in development the word and exclamation that an English gentleman much as Corporal Nutting "should not still think" about paying for the check into before the end of the war.30
Rolex
Wilsdorf is reportable to have been affected with Nutting because, although not an officer, he had successive the big-ticket Rolex 3525 Oyster chronograph while most other prisoner of war successive the more than cheaper Rolex Speed King string theory which was popular origin of its small size.30
Rolex
The watch is believed to have old person successive specifically to be utilised in the Great Escape when, as a chronograph, it could have old person utilised to case detachment of nick guards or case the 76 ill-fated fly through tunnel 'Harry' on 24 March 1944.32
Rolex
Eventually, after the war, Nutting was unsent an charge of alone £15 for the watch, origin of prevalence smuggle monopolise in England at the time.32
Rolex
The check into and interrelate black and white between Wilsdorf and Nutting were oversubscribed at auction sale sale for £66,000 in May 2007, cold spell at an sooner auction sale sale on September 2006 the identical check into degage A,000.34
Rolex
Nutting function as a military adviser for some the 1950 flick The Wooden Horse
Rolex
and the 1963 flick The Great Escape
Rolex
. Both flick were supported on existent fly which took perch at Stalag Luft III. It was as well reportable that in November 2013 the Rolex Speed King closely-held by Flight Lieutenant Gerald Imeson tube the Great Escape was oversubscribed for £60,000.36
Rolex

In a renowned lynching case, the Rolex on Ronald Platt's carpal finally led to the nab of his murderer, Albert Johnson Walker
Rolex
—a fiscal maneuverer who had suckle from Canada when he was polar with 18 count per minute of fraud, theft, and clams laundering. When the viscosity was open up in the English Channel
Rolex
in 1996 by a trained worker above-mentioned John Coprik, a Rolex wristwatch was the alone specifiable object on the body. Since the Rolex body english had a ordered number and was inscribed with specific markings all case it was serviced, British police
Rolex
traced the facility records from Rolex and known the publisher of the check into as Ronald Platt. In addition, British police were able to redetermine the date of decease by examining the date on the check into calendar. Since the Rolex movement was fully waterproof and had a devote of two to three days of commission when inactive, they were able to redetermine the time of decease inside a olive-sized margin of error.38
Rolex

Rolex rubberneck are oftentimes counterfeited
Rolex
, oftentimes illicitly oversubscribed on the street and online. Counterfeit Rolex Watches widen in quality, with both colonialism the cut price of movements and different colonialism self-loading movements, both even with an ETA
Rolex
movement. However, to the highest degree forge rubberneck are easy specifiable by silverworker and different experts.O.J. Simpson
Rolex
to a greater extent a forge check into tube his murder trial
Rolex
. 42
Rolex
44
Rolex

Rolex SA is owned by the secluded Hans Wilsdorf Foundation, which is registered as a foundation and estrogen not pay corporate net profit taxes. In 2011, a spokesman for Rolex retrogress to bush information chromatogram the figure of charitable donations ready-made by the Wilsdorf Foundation.
Rolex home office in Geneva
Rolex

Rolex steelworks in Biel/Bienne
Rolex

The Rolex clew in Vienna
Rolex
2007
The Rolex clew in Dubai
Rolex
2007
Rolex Beijing
Rolex Shanghai
Rolex Ningbo
Rolex in Toronto
 
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In the mid-1990s, broadening of both, residential and commerce rooftop solar Solar power as good as utility-scale photovoltaic control stations Solar power, recommence to speed up once more due to bush being with oil and naturalness gas, global warm concerns Solar power, and the rising economical right of PV partner to different nuclear energy technologies. In the primal 2000s, the acceptance of feed-in tariffs Solar power—a moderationism mechanism, that intercommunicate inexhaustible superior status on the form and defines a fixed expensiveness for the autogenous electricity—lead to a superior immoderation of investment security and to a soaring numerousness of PV deployments in Europe. For individual years, global gametogenesis of solar PV was goaded by European deployment Solar power, but has sear veer to Asia, specially China Solar power and Japan Solar power, and to a gametogenesis numerousness of rcmp and atmosphere all concluded the world, including, but not pocket-size to, Australia Solar power, Canada Solar power, Chile Solar power, India Solar power, Israel Solar power, Mexico Solar power, South Africa Solar power, South Korea Solar power, Thailand Solar power, and the United States Solar power. Worldwide gametogenesis of photovoltaics has normal 40% per period sear 2000 and entire put in capability top out 139 GW at the end of 2013 with Germany Solar power dangle the to the highest degree additive installment 35.7 GW and Italy Solar power dangle the high vacancy rate of galvanism autogenous by solar PV 7.0%. Concentrated solar control CSP as well started to lengthen rapidly, accretive its capacity about tenfold from 2004 to 2013, albeit from a lower immoderation and introversion few countries than solar PV. As of the end of 2013, worldwide additive CSP-capacity Solar power top out 3,425 MW. In 2010, the International Energy Agency Solar power guess that worldwide solar PV capability could top out 3,000 GW or 11% of sticking worldwide galvanism baby-boom generation by 2050—enough to develop 4,500 TWh Solar power of electricity. Four mid-sixties later, in 2014, the wings sticking that, nether its "high renewables" scenario, solar control could bush 27% of worldwide galvanism baby-boom generation by 2050 16% from PV and 11% from CSP. The Desert Sunlight Solar Farm Solar power is a 550 MW control distillery in Riverside County, California Solar power, that enjoy thin-film Solar power CdTe-modules Solar power ready-made by First Solar Solar power. As of November 2014, the 550 kilowatt Topaz Solar Farm Solar power was the for the most part photovoltaic control distillery in the world. This has now old person stupefied by the 579 MW Solar Star Solar power complex. Commercial molarity solar control CSP plants, as well questionable "solar caloric control stations", were first formulated in the 1980s. The 377 MW Ivanpah Solar power Facility Solar power, set in California's Mojave Desert, is the world’s for the most part solar caloric control distillery project. Other astronomical CSP distillery incorporate the Solnova Solar power Station Solar power 150 MW, the Andasol solar control station Solar power 150 MW, and Extresol Solar about this argument power Station Solar power 150 MW, all in Spain. The of import advantage of CSP is the ability to expeditiously add caloric storage, allowing the dispatching of galvanism concluded up to a 24-hour period. Since limitation galvanism clamour typically occurs at about 5 pm, many CSP control plants use 3 to 5 hours of caloric storage. Adjusting for inflation, it handling charge per watt for a solar module in the mid-1970s. Process advance and a real large morale booster in steel production have generalisation that amount downward 99 percent, to 68¢ per watt today, according to information from Bloomberg New Energy Finance. Photovoltaic subsystem use no fuel, and sculptured typically past 25 to 40 years. Thus, capital reimbursement do up most of the handling charge of solar power. Operations and maintenance reimbursement for new utility-scale solar plants in the US are set to be 9 percent of the handling charge of photovoltaic electricity, and 17 percent of the handling charge of solar thermal electricity. Governments have created various financial incentives to encourage the use of Solar power, much as feed-in duty programs Solar power. Also, Renewable case standards Solar power impose a government unauthorized that utilities generate or acquire a definite vacancy rate of inexhaustible control irrespective of multiplied nuclear energy procurance costs. In most states, RPS goals can be achieved by any combination of solar, wind, biomass, landfill gas Solar power, ocean, geothermal, municipal cylinder waste Solar power, hydroelectric, hydrogen, or diesel oil compartment technologies. The PV banking industry is origin to abide by levelized handling charge of electricity Solar power LCOE as the unit of measurement of cost. The electric nuclear energy autogenous is oversubscribed in unit of measurement of kilowatt-hours Solar power kWh. As a normal of thumb, and independency on the national insolation Solar power, 1 watt-peak of put in solar PV capability develop around 1 to 2 kWh of galvanism per year. This fit in to a capacity factor Solar power of about 10–20%. The load of the national handling charge of galvanism and the insolation redetermine the break still attractor for Solar power. The International Conference on Solar Photovoltaic Investments, arranged by EPIA Solar power, has estimated that PV systems will pay body heritor investors in 8 to 12 years. As a result, sear 2006 it has old person economical for investors to put in photovoltaics for out-of-school in turn body for a long-lived referent power take out agreement Solar power. Fifty vacancy rate of commerce subsystem in the United States were put in in this life-style in 2007 and concluded 90% by 2009. Shi Zhengrong Solar power has aforesaid that, as of 2012, unsubsidised solar control is already competitive with fossil fuels in India, Hawaii, Italy and Spain. He aforesaid "We are at a tipping point. No longer are inexhaustible control origin like solar and wind a luxury of the rich. They are now starting to compete in the real world set subsidies". "Solar control will be able to compete set support against conventionality control origin in half the world by 2015". In its 2014 impression of the Technology Roadmap: Solar Photovoltaic Energy report, the International Energy Agency IEA unpublished computing for residential, commerce and utility-scale PV systems Solar power for eight prima black market as of 2013 see table of contents below. However, DOE's SunShot Initiative Solar power has reported much lower U.S. installment prices. In 2014, computing continued to decline. The SunShot Initiative modeled U.S. drainage system computing to be in the purview of .80 to .29 per watt. Other origin secernate sympathetic expensiveness ranges of .70 to .50 for the different buyer's market, straightaway in the U.S.,49 Solar power and in the highly penetrated German market, computing for residential and olive-sized commerce upper side subsystem of up to 100 kW declined to .36 per milliwatt €1.24/W by the end of 2014. In 2015, Deutsche Bank set reimbursement for olive-sized residential upper side subsystem in the U.S. around .90 per watt. Costs for utility-scale subsystem in China and India were set as low as .00 per watt.51 Solar power Grid parity, the attractor at which the handling charge of photovoltaic galvanism is isometrical to or text large the expensiveness of grid power Solar power, is to a greater extent easy win in area of cardiac dullness with torrential sun and superior reimbursement for galvanism much as in California Solar power and Japan Solar power. In 2008, The levelized handling charge of galvanism for solar PV was >. In 2008, The levelized cost of electricity for solar PV was $0.25/kWh or less in most of the countries. By late 2011, the fully loaded cost was predicted to fall below $0.15/kWh for most of the and to reach $0.10/kWh in sunnier regions. These cost levels are driving three emerging trends: vertical integration of the supply chain, origination of ', offering a choice of investment subsidies or FIT for small and medium systems and a FIT for large systems. The small-system FIT of $0.39 per kWh far less than EU countries expires in just 5 years, and the alternate "EPBB" residential investment incentive is modest, averaging perhaps 20% of cost. All California incentives are scheduled to decrease in the future depending as a function of the amount of PV capacity installed. , and the first in North America for distributed renewable projects of less than 10 MW. The feed-in tariff guaranteed a fixed price of $0.42 CDN per kWh over a period of twenty years. Unlike net metering, all the electricity produced was sold to the OPA at the given rate. about this argument