http://www.theblaze.com/stories/massive-taxpayer-backed-solar-panel-manufacturer-goes-bankrupt/
“there are clear signs the green energy industry is in trouble. Solyndra is the third U.S. solar panel manufacturer to go bankrupt this month. Evergreen Solar inc. filed Chapter 11 on August 18th, citing Chinese competition, overcapacity in the U.S. industry, and the failure of the U.S. to adopt green policies as the reasons for its failure. It’s $ 33 million facility in China, however, may remain open.”
About 1100 people lost their jobs.
Maybe they should have advertised their product. Where do you buy solar panels anyway?
The timing was bad. With the closing of about 11 coal power plants due to the EPA soon, maybe people would have been more interested in having their own source of energy when their electric bill “necessarily sky rockets” and the brown outs start.
More Pages:
- How’s that Spanish “green economy” working? Why won’t it work without TAXPAYER SUBSIDIES!?
- are Nuclear Power Plant considered “green energy”?
- Solar Panel: What Exactly Are Green Jobs? (10/25/2011)
- Permaculture: Can we ‘buy’ ourselves green?
- Solar Panel: So Now That Our Green Technology Is Moving To China Why Did We Give Them Millions In Stimulus? (7/4/2011)
{ 6 comments… read them below or add one }
U.S. solar power industry booms, gains globally
The community organizer really knows how to pick a winner, eh?
No. Not one solar panel company has gone bankrupt in China.
No, we’re way behind the times with our green energy technology.
Or what part of “Chinese competition” and “failure of the US to adopt green policies” is not understood?
oops
Kissamy tush a little bit.