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Solar Power Manufacturers In China
Solar plant number 3 goes bankrupt. Is Obama's green energy ahead of its time?
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.
The problem is that everyone knows solar panel technology is advancing so rapidly, it would be stupid to buy anything now except very small systems, just enough to keep a few car batteries charged for emergencies (which is smart to do)(assuming you have some ability)(cords, adapters) to use that 12v DC current to charge cell phones, a small inverter (which converts battery power to 120v AC), maybe run a 12v Coleman ice chest (popular with truck drivers) & etc. Setting up a small emergency system could be done for just a few hundred bucks, including the batteries. So there's no money there for "Big Solar"
A 2KW or 4KW system (2=keep a house running, 4=what an average house uses, on average)(and you still need a battery backup system for night or inclement weather) is so expensive, even with government and tax subsidies, it takes 10 years to break even on the costs.
Few people, in these bad economy times, are willing or able to think 10 years ahead about electricity. We have more pressing issues.
So the timing isn't right, I have seen very little marketing going on, and frankly, the solar industry in America seems like a corporate scam to get government money for a product very few want, and then get out via bankruptcy. Meanwhile of course, the Chief Executives of these companies get to go to all the cool parties and get nice letters from The President of the United States. And once they get their money, shut it down. Solar Power is not viable yet due to price and in just a few years the price point will come down and then maybe people will find it cost-effective.
EDIT: Remember President's nearly $Trillion "stimulus"? Which accomplished nothing but to grow governments? For the same money, every owner-occupied house in America could have had 2KW of solar panels on its roof. That probably would have helped the fledgling domestic solar industry.
But of course Obama prefers growing government and brownouts to actually making America energy self-sufficient.
Lloyd's warns of risks with respect to Electric Grid Transformer Failure of a bulletin of the Lloyd's of London website (www.lloyds.com) warns against that a "major transformer failure can do damage, causing power outages or failures, the millions of households and businesses ...
