Thread: Solar Company Obama guaranteed loans for 535 million dollars files bankruptsy!

Update: Solyndra announces it plans to file Chapter 11 bankruptcy, is suspending operations and seeks a reorganization. Click here for the company's full statement.

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Solyndra, a major manufacturer of solar technology in Fremont, has shut its doors, according to employees at the campus.

"I was told by a security guard to get my [stuff] and leave," one employee said. The company employs a little more than 1,000 employees worldwide, according to its website.


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Solar is not viable at this time for large scale cost effective energy. It costs over 10X that of coal and nuclear.

We need to improve the technology before dumping in 1/2 BILLION tax payer dollars.

Originally Posted by HB Surfer

Solar is not viable at this time for large scale cost effective energy. It costs over 10X that of coal and nuclear.

We need to improve the technology before dumping in 1/2 BILLION tax payer dollars.

Then how come other "solar" manufacturers have no problem being profitable?