Solyndra (Fremont California) files chapter 11

Wow, they're just dropping like flies!

Solyndra shutting down
More about the shutdown

It's sad to set yet another solar company shut down. What's the deal with all of these green tech companies folding?

Re: Solyndra (Fremont California) files chapter 11

"Yet analysts also noted that Solyndra had failed to curb its manufacturing costs. Industry watchers pointed out that Solyndra's solar tubes were still about two or three times as expensive as the standard costs for solar manufacturers in the United States."

It's not rocket science, if your manufacturing costs are that out of wack capitalism will eat you alive, no need to bring the Chinese into this, Americans know Value and Solyndra wasn't making the cut.

Re: Wow, they're just dropping like flies!

Solar Guppy wrote: »

China is giving billons to company's to set up production there.

No non-government supported company has a chance to compete.

China see's the long term gain ... jobs

The decision comes just weeks after the company -- and the Obama administration -- faced charges by conservative critics that Solyndra, based in Fremont, Calif., was being supported with generous government subsidies despite clear indications that it could not survive in the competitive energy marketplace.

Solyndra received $535 million in taxpayer money, yet could not survive.

Other much longer established companies, such as Kyocera, have received little or nothing in government subsidies yet manage to not only to survive, but grow.

This is the same typical boom and bust cycle that we saw back in the last government subsidized solar bubble. First it was Evergreen Solar, now Solyndra. And though not making the news, there have been at least a dozen smaller companies meet the same fate over the past year or two.

We have managed to stay in the solar business for 32 years now, without ever taking any government subsidies. Perhaps it is not the product at fault, but the business models that are failing. No amount of government money can save that.

I follow the stocks and companies behind them pretty closely, and despite what you hear, a few of the bigger solar names in China are not far behind Solyndra and Evergreen.

Re: Solyndra (Fremont California) files chapter 11

from windsun,
"Solyndra received $535 million in taxpayer money, yet could not survive."

this does bother me, as well as others i'm sure, for if they gave that to us to spend on a solar setup, there would be far more solar systems in place. if on average the system costs were say $40,000 a piece this would press over 13,000 solar systems to be installed for what that 1 company received alone. when our government learns to quit rewarding corporate irresponsibility we will all be better off. this is why i have no qualms of rebates and incentives for us, the end users, as it is being pocketed away with little to nothing to show for it by many corporations. don't get me wrong here as there are businesses too that could and would use the help as well and do it properly, but better means of insuring that it does what it's supposed to and goes where it's supposed to needs to be implemented.

btw, don't say it's getting too political as when it pertains to solar this line of dialogue i initiated is allowed. just don't go into political parties and singling out politicians in a derogatory way while keeping the solar aspect should be quite fine as i recall windsun basically saying years ago. of course, al gore and sunbathing nude iguanas don't qualify.:roll::p

Re: Solyndra (Fremont California) files chapter 11

niel wrote: »

i wonder if evergreen is next? or possibly they were secretly 1st as they could've done this already without our knowing it?

Evergreen is a ghost town, I have not seen one single car in the lot for several weeks. The copper thieves should be descending upon the place soon.

Re: Solyndra (Fremont California) files chapter 11

Evergreen in Mass may be a ghost town but the company has been open that its moving/moved everything to China.

Re: Solyndra (Fremont California) files chapter 11

niel wrote: »

that's why i said it may have already happened with our not hearing about it. it may have been a quick investigation to see if there was any indication of wrong doing that is actionable or there may not have been anything. who knows? i do know i am disappointed with them that they took the $ and ran, actionable or not.

Well that is still one hell of a huge facility, maybe the MA taxpayers should grab it by eminent domain or some other way and sell it off to recoup some of their losses.

Re: Solyndra (Fremont California) files chapter 11

This is starting to sound like a old movie. "Just... follow the money. "

Re: Solyndra (Fremont California) files chapter 11

Here's more commentary on the fiasco.http://www.zerohedge.com/contributed/more-solyndra-–-next-move

Re: Solyndra (Fremont California) files chapter 11

More info:
http://www.zerohedge.com/contributed/solyndra-–-moving-forward-what

Re: Solyndra (Fremont California) files chapter 11

can we go with a bit more discussion instead of article clipping? most of these articles just reiterate the same basic thing. articles have their place, but this is dry to just read articles.

Re: Solyndra (Fremont California) files chapter 11

http://www.hgpauction.com/?auctionid=146

you can buy a piece of solyndra at auction.

or spectrawatt as well

hey if you want to start up your own solar panel operation/manufacturing it looks like you can get some deals!!!! LOL.

I bet some chinese buy the manufacturing gear for 1/10th of what it costs.