Thursday, September 01, 2011

Solar Fail

A little story, in pictures. First, triumphalism of our gov't: thousands of jobs.

The "deal" came under scrutiny, because it appeared that our gubmint had given truly huge amounts of public money without going through the usual procedures.

Most recently, the company went bankruptski. Total collapse.

The delicious part is this: Solyndra is whining that the Chinese subsidize THEIR solar industry. Solyndra was a pure scam, only a front for taking tax dollars. All of their revenues and investment money were public subsidy. And then they have the gall to say that the reason this oinker of a company could not compete is that they needed to be subsidized even more. Some background.

Their "idea"? I promised pictures. Here it was. It didn't work, even with huge public subsidies.

(Nod to J-Don, who knows things)


Bob Shiller said...

Hey, really great blog post… I've enjoyed reading through your blog because of the great style and energy you put into each post. I actually run, a blog of my personal research and experiences. If you're interested, I would love to have you on as a guest blogger. Please send me an e-mail: bobshiller78(at)aol(dot)com, and I can give you more information. Looking forward to hearing from you.

Simon Spero said...

According to this site, the retail price for solar panels has fallen by about 50% since July 2009, as supply outpaced demand once various subsidy plans started getting phased out.

Who'd have thunk it?

AndyO said...

What's crazy is that at least one analyst new at the time that this was going to be an EPIC FAIL!

AndyO said...

oops... "knew"!!!

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