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Time: Dont Be Fooled By the Solyndra Bankruptcy Circus Solar Is Booming

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flpoljunkie Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-14-11 03:42 PM
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Dont Be Fooled By the Solyndra Bankruptcy Circus Solar Is Booming
By MICHAEL GRUNWALD
September 14, 2011

I doubt the facts are going to matter much now that Republicans have latched onto the Solyndra solar scandal, and even if they did matter, Id be the wrong guy to defend the Obama administration (and some of the worlds top venture capitalists) for making the same honest mistake I made. After a few dozen Solyndra hearings like the one in the House today, nobodys going to remember the Bush administration was just as hellbent to make this loan. Nobodys going to care that all successful loan programs have failures, that the Solyndra venture was barely 1% of the Energy Departments $40 billion clean-energy portfolio, that there will still be over $2 billion in reserves for busted loans no matter how Solyndra shakes out. Thats politics.

But I do want to push back against the idea that Solyndras failure reflects some kind of failure of the solar industry. Thats just wrong. The solar industry is on fire, thanks to the same collapse in prices that doomed Solyndra.

In just the last two months, about 7,000 megawatts of new solar projects were added to the U.S. pipeline. Thats the equivalent of seven nuclear reactors, which is seven more than weve built in the last three decades. And that doesnt include residential projects, like the unprecedented Solar Strong effort to install photovoltaic panels on 160,000 rooftops on military housing that was just announced last week. The U.S. solar market doubled last year, and its expected to double again this year, even though many states are reducing their subsidies. How many other industries are growing that fast in this economy?


The collapse of Solyndra is an embarrassing bump on the road to a clean-energy future. Maybe its a coincidence that the politicians who are hyping Solyndra tend to be the politicians who want to close that road. But were getting farther down the road than people realize. And its taking us where we need to go.

http://swampland.time.com/2011/09/14/dont-be-fooled-by-...
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rfranklin Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-14-11 03:46 PM
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1. That's great news! But will we hear over the screeching of the Republicans?
Who knows. But it does sound like solar is going gangbusters. They probably won't be able to kill it no matter how hard they try to on orders from their petroleum masters.
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tcaudilllg Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-14-11 11:09 PM
Response to Reply #1
3. And the media.
I believe the corporate elites see this as an opportunity to bring down Obama.
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Supersedeas Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-15-11 09:45 PM
Response to Reply #3
6. even NPR has been on a clean energy bashfest as a result of the bankruptcy
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applegrove Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-14-11 10:32 PM
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2. We were driving in the countryside today and saw several rural homes with solar panels on the lawn.
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In Jest Donating Member (35 posts) Send PM | Profile | Ignore Wed Sep-14-11 11:20 PM
Response to Original message
4. Kick'nRec!
:-)
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pnorman Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-15-11 01:31 AM
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5. SOLAR, K & R!
n/t
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MH1 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-17-11 11:28 AM
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7. k & r for the weekend crowd.
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former9thward Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-17-11 11:43 AM
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8. Solar may be booming but jobs in the industry are not.
Solyndra collapsed because of competition from China. Solar is creating jobs in China not the U.S.
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