Author Topic: Solyndra redux  (Read 725 times)

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Offline Cincinnatus

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Solyndra redux
« on: January 26, 2013, 04:40:52 PM »
This time the taxpayers of OR are getting it in the gluteus maximus. Hillsboro, btw, is a suburb of loony left Portland so I would guess that when this project came to the fore the voters of that area wet their pants in anticipation and joy.

SolarWorld, the German company with a taxpayer-subsidized factory in Hillsboro, may face sale or bankruptcy, analysts say, after its shares and bonds tanked Friday in Frankfurt...

SolarWorld was lured to Oregon in 2007 with promises of $100 million in state and local tax incentives. But the solar industry turned volatile as plunging prices caused bankruptcies worldwide in the last two years. And now analysts and the company's own managers say SolarWorld risks insolvency.

The company blames their problems on China and at one point even persuaded (it wasn't hard) the feds to impose tariiffs on similar Chinese products entering the US. One observer, though, says its not the fault of the Chinese.
But industry analysts including Fatima Toor, at Lux Research in Boston, fault Bonn-based SolarWorld for continuing to manufacture in the West, where labor and electricity costs are comparatively high, and failing to differentiate its relatively high-priced products from commodities. She sees China as a scapegoat...

Btw, if our governments, both federal and state, are serious about "green" energy, tariffs are completely contraindicated. Shouldn't they want solar panels to be at the lowest cost possible in order to encourage people to purchase them and not artificially drive up the price? The fact the feds imposed tariffs shows all this is just another scam on the part of the Obama greenies.

We shall never be abandoned by Heaven while we act worthy of its aid ~~ Samuel Adams

Offline Rapunzel

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Re: Solyndra redux
« Reply #1 on: January 26, 2013, 04:48:37 PM »
there will be more...

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