Is Solyndra more like Netscape… or Pets.com?
Adam Browning writes at Grist.org:
The solar company Solyndra recently filed for bankruptcy, which media reports have depicted as the end of solar power in the U.S. This is like saying there is no future for the internet because Netscape went out of business.
But Netscape was sold to AOL in 1998 for $4.2 billion. Whereas $300 million capital investment vanished with Pets.com.
Then the must-be-hallucinating Browning followed the above-captioned brilliance with:
The molar-grinding irony of it all is that Solyndra was the victim of a big success — the price of solar power has fallen rapidly, making more expensive technologies like theirs uncompetitive, but more importantly, making solar power a real player in the U.S. energy economy.
Yes, Solyndra was a “big success” — for its bankruptcy lawyers!
BTW, the price of solar is falling because of the “advance” of manufacturing it with cheap labor in regulation-free China! Another green success! Yea!