Fremont-Based Solyndra Goes Bankrupt; 1,100 Workers Laid Off

Wasn't sure if it should go here or in FHOP...

Fremont-Based Solyndra Goes Bankrupt; 1,100 Workers Laid Off « CBS San Francisco

This is going to get it put into the politics section, but it was heralded as a "shining example" of ARRA funding by the Obama admin. So much for due diligence (I suppose nobody does it these days anyway).

I am always a little confused about the so-called plunge in solar cell prices. I bought some 11-w Unisolar panels on Ebay a 3-4 years ago, and they still seem to be the same price (~$100) as far as I can tell. Presumably on a larger scale, panels are cheaper now?

^^ much, much cheaper.

I doubt this was a case of poor diligence, since it is the third PV company to close in the past few months, and 1 Billion $US was invested by private sources. I think it is much more believable that the US companies cannot compete on price with Chinese manufacturing.

This can be partly solved by increasing transport charges to match externality costs; the other nut to crack is 'free' pollution in China. Last, I don't doubt that US regulation is very costly.

No easy answers, but the knee-jerk republican drivel is not helpful.

The Chinese PV suppliers are closing as well. It's not a matter of BS left/right argument.

There's been a lot of pressure on PV manufacturers due to oversupply in the market. Prices have dropped like a rock in the last 6 months. We're going to see PV manufacturers fold.

Seems that mostly the bad news is getting hyped. One should also notice it's mainly the small(er) plants that are closing down. There was a tiny bit of news of a big plant going up in AZ the other week. Capacity is in the 250-500 MW range.

You need economies of scale to make it in this market.

Labor doesn't factor that much into PV prices - it's only about 10-15% of the price of a module right now.

BTW - while the US doesn't manufacture a lot of modules - it does overall export more PV tech than it imports (about $1.8 billion worth in 2010) - primarily in PV polysilicon and manufacturing equipment. Who woulda thought.

Solar Stunner: America is a $1.9 Billion Exporter of Solar Products | Renewable Energy News Article

Is it really getting hyped? Per UPDATE 4-US solar company that Obama visited will shut down | Reuters and other sources:

I've always been skeptical of the logic behind their cylindrical product configuration. It seemed that it was an inefficient configuration of the active material, without any corresponding manufacturing advantage to justify that 'waste'. So I'm not the least bit surprised they couldn't compete on price.

Did anyone else feel the same, or was I missing something?

On this note, the $535 million loan guarantee has been mentioned. http://www.nytimes.com/2011/09/01/b...y-federal-loans-shuts-doors.html?pagewanted=1 says it'd received $527 million, to date. Ouch!

I wonder how much the government will get back...

Here's some more local coverage of the story:
Solyndra closes Fremont plant - stimulus hopes dim

Neither is throwing bad money after worse (we're way beyond "good" money).

Solyndra's Exit: China Not To Blame | Renewable Energy News Article

This is more to do with Solyndras specific product than any other factor.The falling price of silicon made them uncompetitive.

If anything, government investment should be in basic research, not in picking market winners or losers nor in crony capitalism.

You're right, Tim, and I suspect the Administration glossed over a warning about the viability of this company to pursue its idealogical political goal to promote green energy with little regard to the pitfalls this still fledgling industry experiences. While Green Energy is itself a noble goal, loaning half a billion dollars of taxpayer money to a startup company like this without apparently fully studying their business and production models is just plain irresponsible. Yet another reason I question Obama's judgement and plain lack of common sense.

^^ Well, you should have told the President how silicon prices and the Chinese industry were going to develop in the future. The taxpayer would have thanked you, as well as the private investors who plunked down another $Billion.

Oh wait, you didn't have a clue back then. Never mind.

It was not his job to have a clue about it. It was Obama's job to do even just a little due diligence before plinking down half a biliion in public money. Like I said, one more reason government should not be involved in thaws things. Let the private sector takevthe losses (or wins as the case may be).

Not now either.

I actually agree with you that the government should limit itself to R&D and infrastructure. I was objecting to the moronic back seat driving.

...like so?

First it appears the loan guarantees seemed to get applied where a bundler wanted them. Its a corruption of campaign finance.
http://articles.latimes.com/2011/sep/02/news/la-pn-house-probe-solyndra-20110902

But some of this should be put in perspective.

Solyndra's Failure Is No Reason To Abandon Federal Energy Innovation Policy - Forbes

government should be able to incubate new technologies. It just appears the us government doesn't do as good of a job and may be more corrupt than the chinese system.

Finding a bundler who invested in Solyndra does not prove corruption. If you want a shining example of government corruption, think of the bush/Cheney/Halliburton axis.