September 26, 2011

Investors Were Blinded by the Light of the Boom

L.A. Times, Los Angeles Times


AP Photo

It was the better mousetrap. From Silicon Valley to the White House, Solyndra's unique solar panels left everyone gasping for a piece of the action. Analysts gushed over the cylindrical design, so much more exciting than the dull, flat panels coming out of China. Company executives promised huge revenue, supporting thousands of permanent jobs, while a stream of state and federal politicians toured the Fremont plant, basking in what felt like the glow of the future. . .

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TAGGED: renewable energy initiatives, solary energy, energy subsidies, Solyndra Inc., Los Angeles Times

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