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Monday, October 3, 2011

Fail... What happened to Solyndra?

     Some may be familiar with Solyndra, but just in case you're not, I'll tell you about it. The business, based in California, manufactures thin-film solar panels. These panels' popular characteristic was their lack of silicon. Several years ago, polysilicon was not cheap; but just as Solyndra was approved to receive a $535 million loan, the silicon prices significantly dropped. With the competitors' prices much lower, Solyndra was struggling to survive.
     In a country where people are already afraid of solar energy, this was quite the setback. The solar community has difficulty getting funding as it is; Mike Koshmrl and Seth Masia wrote that "Chinese banks have offered Chinese solar companies a staggering $40.7 billion. For perspective, U.S. solar manufacturers have received $1.4 billion in DOE loan guarantees since 1705's inception"** {1705 authorizes loan guarantees for alternative energy systems}. So, the failure of Solyndra is not helping an already-existing problem.

**Here is the website where I got my information:

1 comment:

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