Call it a green embarassment of spectacular dimensions. Don’t expect national media coverage here.
Despite all the massive subsidies, incentives and bureaucratic favors, which were supposed to guarantee the venture’s long-term success, Fremont California-based solar cell manufacturer Solyndra still went bankrupt, read here.
Hat-tip: reader Freddie.
In May 2010 the plant was used by Obama in a photo-op to showcase the promised green prosperity that we were (and are still) supposed to openly embrace and expect for the future.
How many more Soviet-style grand failures of this scale are we going to need before policymakers wake up to this green mirage of prosperity?
Solyndra is bankrupt, and likely gone are its 1100 jobs and the hopes and dreams held by its workers and their families. According to the Swiss online bluewin.ch/:
Solyndra was a showcase for the government’s investment in environmentally friendly technologies. The company received more than half a billion dollars in state credit guarantees. Among others, President Obama, former California governor Arnold Schwarzenegger and Energy Secretary Steven Chu visited the plant.”
According to san francisco.cbslocal.com here/:
Solyndra said as a result of the suspension of operations, some 1,100 full-time and temporary employees were being laid off effective immediately.
Solyndra workers learned as they arrived at the office that the recently-completed Fremont factory where they worked would be closing immediately.”
I heard of this news from an obscure Swiss news outlet, and not a peep from the national MSM. The MSM we recall are too busy hyping up tropical storms into “monster hurricanes of the century” and propping up the climate change hoax, which in turn leads to mega-failures like Solyndra. So is the media today.
Meanwhile the US economy is falling apart and people are losing hope with every false promise politicians make. The green economy is total pie-in-the sky. Sadly 1100 employees and their families are finding this out the hard way.