TriplePundit
Mike Koshmi and Seth Masia
During August, three homegrown photovoltaic (PV) module manufacturers failed and two European manufacturers decommissioned their U.S. production lines. All told, the United States lost 20 percent of its panel manufacturing capacity.
By far, Solyndra's fall was the loudest. In September 2009, the Fremont, CA-based thin-film manufacturer received a $535 million loan guarantee from the U.S. Department of Energy (DOE) to ramp up to a 450-megawatt (MW) factory. Solyndra's was the first section 1705 loan guarantee awarded, and the first to backfire. The bankruptcy triggered a congressional investigation into whether the timetable on Solyndra's loan guarantee application was accelerated. Search warrants were issued, and the FBI raided the spanking-new and shuttered Fab 2 factory and Solyndra executives' homes.
For a time in September, solar received unprecedented front-page ink. The media storm around Solyndra brought light to dramatic, unforeseen declines in the cost of PV, China's influence on the market and doubt over the United State's ability to compete.
Back Story
Solyndra offered a novel product, a cylindrical cadmium-indium-galium-(di)selenide (CIGS) thin-film panel. The product's economic viability depended on the price of pure polysilicon —the raw material for competing crystalline-silicon (c-Si) PV technologies. Four [...]
Submit your suggestion / comments / complaints / Takedown request on lookyp.com@gmail.com
Mike Koshmi and Seth Masia
During August, three homegrown photovoltaic (PV) module manufacturers failed and two European manufacturers decommissioned their U.S. production lines. All told, the United States lost 20 percent of its panel manufacturing capacity.
By far, Solyndra's fall was the loudest. In September 2009, the Fremont, CA-based thin-film manufacturer received a $535 million loan guarantee from the U.S. Department of Energy (DOE) to ramp up to a 450-megawatt (MW) factory. Solyndra's was the first section 1705 loan guarantee awarded, and the first to backfire. The bankruptcy triggered a congressional investigation into whether the timetable on Solyndra's loan guarantee application was accelerated. Search warrants were issued, and the FBI raided the spanking-new and shuttered Fab 2 factory and Solyndra executives' homes.
For a time in September, solar received unprecedented front-page ink. The media storm around Solyndra brought light to dramatic, unforeseen declines in the cost of PV, China's influence on the market and doubt over the United State's ability to compete.
Back Story
Solyndra offered a novel product, a cylindrical cadmium-indium-galium-(di)selenide (CIGS) thin-film panel. The product's economic viability depended on the price of pure polysilicon —the raw material for competing crystalline-silicon (c-Si) PV technologies. Four [...]
Submit your suggestion / comments / complaints / Takedown request on lookyp.com@gmail.com
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