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How can a green energy company get in trouble?

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golfguru Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 01:33 PM
Original message
How can a green energy company get in trouble?
Solar & wind are the greenest of green energy, with unlimited supply.
I can not understand why some are going bankrupt. May be more federal
subsidies are needed until they take root?

http://www.nbcbayarea.com/news/local/Solyndra-Shutting-Down-128802718.html
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FSogol Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 02:16 PM
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1. Green does not always mean inexpensive to develop. New technologies are expensive. n/t
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Kat45 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 11:23 PM
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2. and even if a product somes to market, it is very expensive
People can't afford to buy it even if they want to. I wish I could put solar panels on my house, but it would be too expensive and would take forever to pay for itself.
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golfguru Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-01-11 02:39 PM
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3. ditto n/t
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OllieLotte Donating Member (495 posts) Send PM | Profile | Ignore Sat Sep-03-11 08:59 PM
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4. Probably a number of factors are at work.
The current market is somewhat limited so prices are driven down by fair number of competitors and it's tough to turn a profit Foreign countries are also subsidizing their solar manufacturers (China in particular).
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