Solar industry imploding

says Bloomberg:

“Solyndra Inc., a maker of solar modules that received a $535 million loan guarantee from the U.S. Energy Department, suspended operations and plans to file for bankruptcy, saying it couldn’t compete with larger rivals.

Solyndra is the third U.S. solar manufacturer to fail in a month as falling panel prices and weak global demand are driving a wave of industry consolidation.”

Falling panel prices is good, as that improves the ROI equation for power generation systems.  Weak global demand is probably due to solar power still being more expensive than traditional.

See Government investment disaster in the works??

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