As 171 Nations Gather to Sign the so-called Landmark Climate Agreement, John Kerry, America's Secretary of State enters the world of fantasia and makes this public statement “The power of this agreement is what it is going to do to unleash the private sector,” U.S. Secretary of State John Kerry said. “The power is the message that it sends to the marketplace.”
So now that we've heard from the Global Warming Crowd's about their dreamworld, lets take a look at some boring facts. The sobering fact is that Solar Companies have been going bankrupt in record numbers. For example, Solar-power company SunEdison Inc. which was worth nearly $10 billion last summer filed for bankruptcy protection on Thursday. Unfortunately SunEdison is the rule not the exception.
Here is a list of bankrupt solar companies in the past few years.
2009 to 2010 Bankrupt, closed Solasta (nano-coaxial solar) closed, SV Solar (low-concentration PV) closed ,Senergen (depositing silane onto free-form metallurgical-grade Si substrates) closed, Signet Solar (a-Si) bankrupt, Sunfilm (a-Si) bankrupt, Wakonda (GaAs) acquired by Siva EPV Solar (bankrupt Stirling Energy Systems (dish engine) bankrupt
2012 Bankrupt, closed Abound Solar (CdTe) bankrupt AQT (CIGS) closed Ampulse (thin silicon) closed Arise Technology (PV modules) bankrupt, Azuray (microinverters) closed, BP (c-Si panels) exits solar business , Centrotherm (PV manufacturing equipment) bankrupt and restructured CSG (c-Si on glass) closed by Suntech Day4 Energy (cell interconnects) delisted from TSX exchange ECD (a-Si) bankrupt, Energy Innovations (CPV) bankrupt, Flexcell (a-Si roll-roll BIPV) closed, GlobalWatt (solar) closed, GreenVolts (CPV) closed, G24i (DSCs)
bankrupt in 2012, re-emerged as G24i Power with new investors, Hoku (polysilicon) shut down its Idaho polysilicon production facility, Inventux (a-Si) bankrupt, Konarka (OSCs) bankrupt, Odersun (CIGS) bankrupt, Pramac (a-Si panels built with equipment from Oerlikon) insolvent, Pairan (Germany inverters) insolvent, Ralos (developer) bankrupt, REC Wafer (c-Si) bankrupt, Satcon (BoS) bankrupt, Schott (c-Si) exits c-Si business, Schuco (a-Si) shutting down its a-Si business, Sencera (a-Si) closed, Siliken (c-Si modules) closed, Skyline Solar (LCPV) closed, Siemens (CSP, inverters, BOS) divestment from solar, Solar Millennium (developer) insolvent, Solarhybrid (developer) insolvent, Sovello (Q-Cells, Evergreen, REC JV) bankrupt, SolarDay (c-Si modules) insolvent, Solar Power Industries (PV modules) bankrupt, Soltecture (CIGS BIPV) bankrupt, Sun Concept (developer) bankrupt
2013 Bankrupt, closed Array Converter (Module-level power electronics) bankrupt, IP to VC investor , Avancis (CIGS) discontinuing production, Bosch (c-Si PV module) exits module business, Concentrator Optics (CPV) bankrupt, Cyrium (CPV semiconductors) bankrupt, Direct Grid (microinverters) closed, EiQ (Module-level power electronics) closed, GreenRay (microinverters) closed, Helios Solar (c-Si modules) bankrupt, Hoku Solar (silicon) bankrupt, Honda Soltec (CIGS thin-film modules) closing, Infinia (Stirling engine CSP) bankrupt, Nanosolar (CIGS) closed, Pythagoras Solar (BIPV) closed, Solarion (CIGS) went bankrupt but restructured and in limited production, SolFocus (CPV) bankrupt, Sunsil (module level electronics) closed, Suntech Wuxi (c-Si) bankrupt, Tioga (project developer) closed, Willard & Kelsey (CdTe panels) bankrupt, ZenithSolar (CHP) bankrupt
Somehow I'm getting the feeling that this Solar Panel Industry is not all sunshine. After all, if memory serves me correctly when Solyndra went down it cost the American taxpayers about 780 million ... so I'm wondering what is the true cost to the taxpayer when you look at the list above.