DIYbanter - View Single Post - "14-Year-Old’s Game-Changing Solar Power Design"

dpb

On 2/24/2012 9:42 AM, wrote:
....

Yes, I agree. At least the cost is continuing to come
down. One thing that's particularly funny is what
happened at Solyndra. The govt backed the $500mil
loan as part of a govt plan to get the cost of solar
down. Yet in 18 months, the price decrease of
solar panels bankrupted the company. I mean, what
kind of business plan was that? Essentially what
they wanted to happen, happened and yet they're
broke and the taxpayers are stuck with the bill.
....

The biggest problem there was that there really was no business plan
other than milk money from the government on the receiving side and that
it was insider cronyism on the giving side supporting a political rather
than truly technical/business agenda.

It was certainly foreseeable to anybody outside the loop (imo).

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