1. First it was BP's Manassas, VA thin film solar plant factory that closed.
2. Then Astropower filed for bankruptcy protection and was purchased at a discount rate by GE. Then GE sold out to Takoma. This is situated in Wilmington, DE's industrial park.
3. BP announces closure of Frederick, MD solar plant.
4. Evergreen - highly subsidized by US Government files for bankruptcy protection just last weeik.
5. Now Solyndra files for bankruptcy protection and it to was heavily subsidized by the US Government.
Does anyone know what gives with all of these green industries going belly up? For crying out loud - Obama touted it was America's ' wave to the future'.
2. Then Astropower filed for bankruptcy protection and was purchased at a discount rate by GE. Then GE sold out to Takoma. This is situated in Wilmington, DE's industrial park.
3. BP announces closure of Frederick, MD solar plant.
4. Evergreen - highly subsidized by US Government files for bankruptcy protection just last weeik.
5. Now Solyndra files for bankruptcy protection and it to was heavily subsidized by the US Government.
Does anyone know what gives with all of these green industries going belly up? For crying out loud - Obama touted it was America's ' wave to the future'.
11 comments:
Solar energy is a good idea.
However, people involved in the renewable energies have gotten greedy and therefore they are not cost effective.
I would put a windmill and solar panels up at my home in a heartbeat IF the cost effectiveness was there, but it isn't.
"Does anyone know what gives with all of these green industries going belly up? For crying out loud - Obama touted it was America's ' wave to the future'."
Answer:
Solar energy is not a viable energy solution! Wind power is not a viable energy solution!
Some people just don't listen.
It is a wave to the future. Bankruptcy! Just like he wants it.
"For crying out loud - Obama touted it was America's ' wave to the future'"
~That right there should tell you it would never work out.
@ How bout we just burn ignorant people like you in furnaces for power? There is at least a 50 year supply in the US and by that point our green technology will have advanced by leaps and bounds (as they have been doing and will continue to do)
'Solar energy is a good idea."
Really? Take a look at some of the efforts by some of the Bunting developments . Great idea if the solution were free but it's not.
It's like everything else in this administration. The Obama administration tinkers with the Free Enterprise System, and guess what - they go bankrupt.
He intertwines the subsidy to Davis Bacon scale - and this helps to drive the businesses into bankruptcy. He requires so many regulations that these companies cannot compete on a level playing field. These heavily subsidized industries are frought with regulatory barriers when they take the subsidies.
Remember the old verse in the bible,
'The debtor is the servant unto the lender'
It is as true today as it was more than a 1000 years ago.
Wow - I didn't realize all of these fatalities until I actually see them in writing.
This is definately not a good sign and is a black eye for this administration.
Obama was wrong!
This administration keeps prescribing the same stimulus formula - hoping for a different result. It ain't happening.
If the grant money was allowed to be used without so many regulatory strings, the companies could actually develop something that would bring the costs down over time. Our labor costs here can't compete with offshore labor so we can't even get started in the correct direction. Free trade agreements are just like affirmative action - good for some folks but someone always gets the ugly end of the stick.
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