Sing a Song of Stimulus and "Green Jobs" Failure

[Oddball]

SAN FRANCISCO — Solyndra, a Silicon Valley solar-panel maker that won half a billion dollars in federal aid to build a state-of-the-art robotic factory, plans to announce on Wednesday that it will shut down an older plant and lay off workers.

<snip>

Just seven weeks ago, Solyndra opened Fab 2, a $733 million factory in Fremont, Calif., to make its high-tech solar panels. The new plant was supposed to be the first phase of a rapid expansion of the company.

Instead, Solyndra has decided to shutter the old plant and postpone plans to expand Fab 2, which was built with a $535 million federal loan guarantee.

<snip>

The company is the most prominent of a wave of Silicon Valley solar start-ups that hoped to transform the economics of the industry. Gov. Arnold Schwarzenegger of California and Energy Secretary Steven Chu helped break ground on Fab 2 last year, and President Obama made an appearance at the unfinished factory in May to extol Solyndra’s innovative technology.

<snip>

Solyndra said it would lay off around 40 employees and not renew contracts for about 150 temporary workers as a result of the consolidation. The closing of the old factory, called Fab 1, will save the company more than $60 million in capital expenditures, executives said.

http://www.nytimes.com/2010/11/03/business/energy-environment/03solar.html?_r=1&src=busln

So, what's the score here on that "green jobs created" thingy?

 

[The T]

SAN FRANCISCO — Solyndra, a Silicon Valley solar-panel maker that won half a billion dollars in federal aid to build a state-of-the-art robotic factory, plans to announce on Wednesday that it will shut down an older plant and lay off workers.

<snip>

Just seven weeks ago, Solyndra opened Fab 2, a $733 million factory in Fremont, Calif., to make its high-tech solar panels. The new plant was supposed to be the first phase of a rapid expansion of the company.

Instead, Solyndra has decided to shutter the old plant and postpone plans to expand Fab 2, which was built with a $535 million federal loan guarantee.

<snip>

The company is the most prominent of a wave of Silicon Valley solar start-ups that hoped to transform the economics of the industry. Gov. Arnold Schwarzenegger of California and Energy Secretary Steven Chu helped break ground on Fab 2 last year, and President Obama made an appearance at the unfinished factory in May to extol Solyndra’s innovative technology.

<snip>

Solyndra said it would lay off around 40 employees and not renew contracts for about 150 temporary workers as a result of the consolidation. The closing of the old factory, called Fab 1, will save the company more than $60 million in capital expenditures, executives said.

http://www.nytimes.com/2010/11/03/business/energy-environment/03solar.html?_r=1&src=busln

So, what's the score here on that "green jobs created" thingy?

Typical waste. I'll be curious to see the Statists defend this one.

 

[loosecannon]

SAN FRANCISCO — Solyndra, a Silicon Valley solar-panel maker that won half a billion dollars in federal aid to build a state-of-the-art robotic factory, plans to announce on Wednesday that it will shut down an older plant and lay off workers.

<snip>

Just seven weeks ago, Solyndra opened Fab 2, a $733 million factory in Fremont, Calif., to make its high-tech solar panels. The new plant was supposed to be the first phase of a rapid expansion of the company.

Instead, Solyndra has decided to shutter the old plant and postpone plans to expand Fab 2, which was built with a $535 million federal loan guarantee.

<snip>

The company is the most prominent of a wave of Silicon Valley solar start-ups that hoped to transform the economics of the industry. Gov. Arnold Schwarzenegger of California and Energy Secretary Steven Chu helped break ground on Fab 2 last year, and President Obama made an appearance at the unfinished factory in May to extol Solyndra’s innovative technology.

<snip>

Solyndra said it would lay off around 40 employees and not renew contracts for about 150 temporary workers as a result of the consolidation. The closing of the old factory, called Fab 1, will save the company more than $60 million in capital expenditures, executives said.

http://www.nytimes.com/2010/11/03/business/energy-environment/03solar.html?_r=1&src=busln

So, what's the score here on that "green jobs created" thingy?

is a sign of the notable shift in the prospects for cutting-edge American solar companies, which now face intense price competition from Chinese manufacturers that use more established photovoltaic technologies.....

“Fab 2 is much more efficient and cost-effective than our existing facility,” Brian Harrison, Solyndra’s chief executive, said in an interview. “We’re adjusting our plans to be more in line with where the market is and where our business is at the moment.”

Your own link provided your answer but being a cherry picking animositist against all things solar and renewable you decided to launch another of your hatred threads anyway.

Must suck to be so bitter and sour as you are.

 

[loosecannon]

SAN FRANCISCO — Solyndra, a Silicon Valley solar-panel maker that won half a billion dollars in federal aid to build a state-of-the-art robotic factory, plans to announce on Wednesday that it will shut down an older plant and lay off workers.

<snip>

Just seven weeks ago, Solyndra opened Fab 2, a $733 million factory in Fremont, Calif., to make its high-tech solar panels. The new plant was supposed to be the first phase of a rapid expansion of the company.

Instead, Solyndra has decided to shutter the old plant and postpone plans to expand Fab 2, which was built with a $535 million federal loan guarantee.

<snip>

The company is the most prominent of a wave of Silicon Valley solar start-ups that hoped to transform the economics of the industry. Gov. Arnold Schwarzenegger of California and Energy Secretary Steven Chu helped break ground on Fab 2 last year, and President Obama made an appearance at the unfinished factory in May to extol Solyndra’s innovative technology.

<snip>

Solyndra said it would lay off around 40 employees and not renew contracts for about 150 temporary workers as a result of the consolidation. The closing of the old factory, called Fab 1, will save the company more than $60 million in capital expenditures, executives said.

http://www.nytimes.com/2010/11/03/business/energy-environment/03solar.html?_r=1&src=busln

So, what's the score here on that "green jobs created" thingy?

Typical waste. I'll be curious to see the Statists defend this one.

It may be a waste. It is very much an uphill battle to compete with a Chinese workforce and Chinese state subsidies of strategic interests.

It would be even more of a waste to subsidize solar installations and then buy all the components from China.

Americans just can't make shit anymore can they?

 

[Oddball]

Oh...So it's them doggone Chinks cutting off our nuts on costs again!

Yet, somehow or another, neither the Boyking nor tha Governator could see that one coming, before they dumped zillions of dollars and their reputations into this flaming sack of poo.

How'z that hopey-changey workin' out for ya?

P.S...I left that passage out on purpose, just so junior Dick Tracys like you would fall for it.

 

[loosecannon]

Oh...So it's them doggone Chinks cutting off our nuts on costs again!

Yet, somehow or another, neither the Boyking nor tha Governator could see that one coming, before they dumped zillions of dollars and their reputations into this flaming sack of poo.

How'z that hopey-changey workin' out for ya?

P.S...I left that passage out on purpose, just so junior Dick Tracys like you would fall for it.

sure you did!

Like I said this may be an impossible climb, since we let our whole national economy be gutted by every president since Reagan.

 

[Oddball]

Wait a minute.

We had supposed economic geniuses throw over $1/2 BILLION, at a commercial enterprise that could be so easily undercut by foreign competitors?.....And you blame the competitor?

Oh, Harriet!!

 

[loosecannon]

Wait a minute.

We had supposed economic geniuses throw over $1/2 BILLION, at a commercial enterprise that could be so easily undercut by foreign competitors?.....And you blame the competitor?

Oh, Harriet!!

It hasn't been undercut yet.

They closed the old plant and retained the new plant.

Read your own OP.

 

[Oddball]

If business is truly expanding, why would they have closed the other plant, laid off workers and canceled contracts?

C'mon......

 

[The T]

Oh...So it's them doggone Chinks cutting off our nuts on costs again!

Yet, somehow or another, neither the Boyking nor tha Governator could see that one coming, before they dumped zillions of dollars and their reputations into this flaming sack of poo.

How'z that hopey-changey workin' out for ya?

P.S...I left that passage out on purpose, just so junior Dick Tracys like you would fall for it.

sure you did!

Like I said this may be an impossible climb, since we let our whole national economy be gutted by every president since Reagan.

^^Classic case of C Y A !

Way to go ace!

 

[The T]

http://www.nytimes.com/2010/11/03/business/energy-environment/03solar.html?_r=1&src=busln

So, what's the score here on that "green jobs created" thingy?

Typical waste. I'll be curious to see the Statists defend this one.

It may be a waste. It is very much an uphill battle to compete with a Chinese workforce and Chinese state subsidies of strategic interests.

It would be even more of a waste to subsidize solar installations and then buy all the components from China.

Americans just can't make shit anymore can they?

With the taxes the way they are that punishes companies? The incentive they used to have has been cut off at the knees precisely due to Government. No wonder they move overseas.

 

[Saikron]

Fox News is owned by Muslims!

Sorry... this thread needed some substance.