Wednesday, April 18, 2012

Stormy Weather for Solar Firms

In terms of public image, the solar industry isn’t having much fun in the sun lately.
President Obama listens to Jeffrey Martin,
the chief executive officer of Sempra U.S.
Gas Power,during a tour at the Copper
Mountain Solar 1 facility in Boulder City,

Once popular companies such as Solyndra and Solar Trust of America are just two of many solar firms from around the world that have fallen into bankruptcy in a tough environment of increasing competition from cheaper Chinese firms and several cutbacks in subsidies by European governments.

Besides having become a punch line in Republican presidential debates as proof that “green energy” is just government-backed crony capitalism, the Solyndra debacle set up another blow to the industry’s image Wednesday in the form of a government internal watchdog’s report.

Read More

No comments: