Obama Sacrifices Pawns for Politics
Watch it here
Check out this interesting "commercial".
The US Federal Government is now a venture captalist? Nah, that would be a compliment. No venture capitalist would have touched this POS called Solynda. Only Obama would because of rigid ideology. Sad, that money could have been used for EDUCATION.
Some 200 laid off at North Las Vegas Amonix solar plant
Just seven months after California-based solar power company Amonix Inc. opened its largest manufacturing plant, in North Las Vegas, the company’s contractor has laid off nearly two-thirds of its workforce.
Flextronics Industrial, the Singapore solar panel manufacturer that partnered with Amonix to staff the new $18 million, 214,000-square-foot plant, laid off about 200 of its 300-plus employees Tuesday.
Amonix’s director of manufacturing operations, Eric Culberson, said the layoffs are part of “retooling” the factory as the company prepares to roll out its next-generation product.
“The new 8700 utility-scale CPV solar power system is a higher efficiency and lower cost,” Culberson said. “Once it is ready, we will ramp back up to meet the demands of the industry.”
Culberson said the job cuts are temporary and expects to begin hiring more people in the second half of the year to meet demand.
The company scaled down at all levels of employment at the plant — which was hiring as recently as three months ago — from entry level assemblers, process engineers, production supervisors and quality-control techs, according to one employee who was laid off.
Culberson said layoffs were made across the board.
We'll see:....... http://www.lasvegassun.com/news/2012...x-solar-plant/
Real Estate Firm Now Marketing Solyndra's Former Factory
ones Lang LaSalle has been chosen by Solyndra LLC to sell the solar panel manufacturer's corporate headquarters and primary production facility located at 47488 Kato Road in Fremont, Calif. The transaction has been approved by the Bankruptcy Court overseeing Solyndra's bankruptcy case.
The approximately 450,000 square-foot manufacturing facility, completed in 2010, is suited to a variety of cleantech and technology businesses, Jones Lang LaSalle says. The 280,000 square-foot manufacturing space is rated as Class 100,000 Clean Room (ISO Clean 8), and the two-story office space, totaling approximately 30,000 square feet, was constructed to LEED Gold standards.
The property sits on a 30-acre parcel and includes plans for an additional 200,000-plus square-foot expansion facility. The facility was designed to exceed California seismic standards and can be operating immediately following a seismic event.
The building's 21 kV electrical service is backed up by two diesel emergency generators, each with 2 MW capacity, and the building carries a cool membrane roof with a 1.2 MW solar installation, the real estate firm adds. Interested parties are instructed to visit solyndrabuilding.com for more information.
A Cautionary Solar Story? New Solyndra Report Details A Dramatic Fall
by Jessica Lillian on Thursday 29 March 2012
Solar Industry Magazine
Since Solyndra began its Chapter 11 bankruptcy case more than six months ago, the ill-fated thin-film PV module manufacturer has yet to escape a persistently harsh political and public spotlight.
Countless congressional hearings, speeches, investigations and accusations have centered on whether the Obama administration's awarding and oversight of the company's $535 million loan guarantee from the U.S. Department of Energy (DOE) involved any corruption.
However, for the solar sector, the more important side to the Solyndra story may be the financial side: With or without a loan guarantee, how did the company go from highly promising to bankrupt over the course of a few years? Are there wider lessons to be learned on how to optimally run a risky solar start-up, especially in a challenging market environment?
A recently released 204-page report from R. Todd Neilson, who was appointed the chief restructuring officer of Solyndra's bankruptcy case, gives an inside look at the rise and fall of the now-infamous solar company.
Neilson's independent report (originally posted online via Scribd by CNNMoney) concludes that the DOE had "sufficient information to understand the risks and challenges" associated with granting a loan guarantee to Solyndra.
In addition, all evidence showed that Solyndra provided ample, accurate information on fab construction costs and other accounting data during the guarantee-monitoring period.
What went wrong, then?
1. What was seemingly a technological advantage was ill-timed for market conditions.
Originally founded as Gronet Technologies in 2005, Solyndra developed a proprietary copper indium gallium diselenide (CIGS)-based PV module technology featuring a 15 mm-diameter CIGS-coated glass inner tube encapsulated inside of a 22-mm-diameter outer tube, hermetically sealed on each end with metal caps.
"Due to the unique slatted design of the modules, along with their ability to be installed with zero degrees of tilt, Solyndra's panels allowed wind to pass through with minimal resistance," the report explains. "Unlike traditional crystalline-based panels, which require significant support systems to handle moderate to high wind gusts, Solyndra's panels could be installed relatively easily and at a fraction of the cost of traditional systems."
In addition to shielding the CIGS material from long-term degradation and receiving diffuse and reflected sunlight, the design also offered key balance-of-system (BOS) and installation cost savings - at least at the time of Solyndra's market entry.
Commercial shipments of the product began in July 2008 and earned the company approximately $6 million in sales for the year. But by the time 2008 ended, Solyndra had already incurred a cumulative net loss of $385.1 million - and its problems were just beginning.
Despite receiving its DOE loan guarantee and beginning construction on a second manufacturing facility (Fab 2) in 2009, Solyndra ended the year with a cumulative net loss of $557.7 million. Sales were less than half of what the company had forecasted in its DOE loan guarantee pre-application, according to the report.
As most solar professionals remember, polysilicon prices began plummeting around this time - from $250-$500/kg in 2008 to $60/kg at the end of 2010. "The precipitous drop in polysilicon prices of approximately 80 percent portended serious problems for the future of Solyndra's CIGS cylindrical technology," the report says.
2. Optimal sales and distribution tactics may not have been deployed until it was too late.
Read the rest here: http://www.solarindustrymag.com/e107...?content.10007
It sounds like the Obama administration doesn't know how to evaluate an "investment" (WITH OUR DIRECT TAX DOLLARS). So let's summarize - he lies about oil and gas industry tax breaks and makes stupid investments with our money. LET"S RE-ELECT HIM!!!!
How boring is it to hear this talking point trumpeted continually from a right wing partisan hack. No brains. Simply a parrot.
The Republican below has some integrity unlike the guy who started this thread.
CARL FRANZEN MARCH 30, 2012, 11:52 AM 1172 3
A Republican legislator broke with the pack this week when it came to his party’s unrelenting critiques of the Obama Administration’s support for clean energy initiatives, equating them with finger-pointing, and advising his fellow GOP colleagues to take a long, hard, look in the mirror concerning their own political support for energy projects.
Rep. Mike Simpson’s (R-ID) surprisingly strident counter-offensive on his fellow Republicans first came about while he was questioning David Frantz, acting director of the Department of Energy’s loan programs office, in a hearing on Tuesday.
During the hearing, Simpson compared his own recurring meetings with the Energy Department in advance of the Department’s granting of a $2 billion loan guarantee for a nuclear project in his home state of Idaho to the contact Obama Administration officials had with the Department of Energy over various projects, including Solyndra.
Republican lawmakers have criticized the White House’s contact with the Energy Department as a form of undue political pressure.
“Did I put undue influence on the administration?” Simpson asked, rhetorically, Environment and Energy Daily reported, “Maybe.”
Simpson was also interviewed after the hearing and asked “whether some of his colleagues have been too caught up in finding a political smoking gun on Solyndra.”
Simpson’s response, according to Environment and Energy Daily:
“Maybe,” he said, before acknowledging that he was reluctant to bring up the issue at the hearing.
Simpson also told the outlet that Republicans in Congress criticizing the Administration for applying political pressure to grant energy loan guarantees could be guilty of doing the same thing.
Indeed, TPM and other news outlets have repeatedly reported about the fact that several prominent Republican critics of the Administration’s clean energy support — including Rep. Cliff Stearns (R-FL) and Rep. Darrell Issa (R-CA), both of whom are leading separate investigations into the Energy Department’s loan program — have themselves petitioned the Department to support projects in their districts.
Asked about his comments in Tuesday’s hearing, Simpson responded in an email to TPM:
“I was trying to make a very simple point that while we look at the role politics might play in the Administration’s decision-making, perhaps we should also be looking at the role it plays in our own decision-making,” said Congressman Mike Simpson. “If we are going to have these loan programs, then I want politics removed from the decision-making process so we don’t end up with more Solyndras in the future. And if we are going to remove politics from the process, it is incumbent upon Members of Congress to reflect on their own actions as much as they reflect on the actions of others, including the Administration. I’m less interested in pointing fingers and more interested in protecting taxpayers from having this happen to them again in the future.”
The Obama Administration’s support for clean energy first came under harsh scrutiny following the bankruptcy of solar panel manufacturing company Solyndra in August 2011. The company had previously received a half-billion dollar loan guarantee and then some from the Department of Energy.
Simpson’s comments aren’t likely to be music to the ears of Republican legislators who have made it into a crusade to find wrongdoing in the Energy Department’s handling of clean energy loans. But if anything, they do indicate that the GOP line-of-attack on clean energy support and Solyndra in particular is wearing thin, even to fellow Republicans…running out of gas, so to speak.
Last edited by Havakasha; 03-30-2012 at 12:26 PM.
"How boring is it to hear this talking point trumpeted continually from a right wing partisan hack. No brains. Simply a parrot"
Get your own line. I am not a line towing, highly partisan republican, but you are a VERY highly partisan, 100% line towing, liberal democrat. $hit, you read it right off the sheet - too stupid to think for yourself.
It sounds like the Obama administration doesn't know how to evaluate an "investment" (WITH OUR DIRECT TAX DOLLARS). So let's summarize - he lies about oil and gas industry tax breaks and makes stupid investments with our money. LET"S RE-ELECT HIM!!!! What this simply means is that the Obama admistration cannot read a balance sheet, income statement or statement of cash flows. Great businessmen they are PISSING away $500,000,000 of OUR TAX MONEY. Don't make good investments, just tell the RICH to pay more for this BS -- oh that's just great.
I guess we need more shovel ready projects to "invest" in?
According to Obama, we must continue to invest, invest, invest, invest, invest, invest.... Code word for government spending.
Man, is that a fine post above or what?
I'll be damned.........
‘Buffett Rule’ is not a campaign ‘gimmick,’ Obama says
President Barack Obama defended his "Buffett Rule" proposal for higher taxes on the very rich Wednesday, denying it was a re-election campaign "gimmick" that will do little to close the deficit or spur job growth.
"This is not simply an issue of redistributing wealth," Obama said. "This is not just about fairness. This is also about growth. This is also about being able to make the investments we need to succeed and it's about we, as a country, being willing to pay for those investments and closing our deficits."
More of this nonsense is here: http://news.yahoo.com/blogs/ticket/b...154246700.html