Solyndra solar cell company failure

Cited as the headline US solar failure from the Obama era — $400–500M DOE loan default. Paired with the Canadian quarter-billion-dollar failure (§2.p2) to make the point about saw-cut economics.

This company up in New Hampshire has sold hundreds, if not thousands, of these furnaces to the Chinese, who are building a thirty billion dollar investment to try to create a trillion dollar market in solar cells. Meanwhile, remember during the election, they were hitting up Obama for the Department of Energy having loaned three or four hundred million dollars to Solyndra in southern California, which was supposed to be doing solar cells in the United States. They tanked. So the federal government defaulted on the federal guaranteed loans for four or five hundred million dollars.