Remember how if we didn’t let Obama hand out taxpayer money to his cronies like Solyndra, we’d be buying our solar panels from China? Well:
The world’s top-selling producer of solar panels has defaulted on a $541 million bond payment. The Chinese firm Suntech hasn’t posted a profit since the first quarter of 2011 and has been relying on the government of Wuxi, the city where it is headquartered, to stay solvent. But as more bills come due, this renewable energy producer is looking less and less sustainable.
Just shocking. If you’re an economic ignoramus, anyway.
I am watching an Auction right now of Skyline Solar’s assets. I talked to the Auction house guy yesterday and he said that his biggest business right now is solar companies.
So growing the market didn’t work? Who knew?
It was so “unexpected”.
Build shovels out of solar panels. Instant shovel ready job.
It’s been established that you can build an AK-47 out of a shovel.
Somehow, I don’t think you can build them out of a solar panel.
Plowshares into swords, indeed!