I thought Solyndra got priced out of its business model with an innovative idea for solar panels when China began underpricing the market.
That and perhaps even more so, cheap natural gas.
Why the Clean Tech Boom Went Bust
- By Juliet Eilperin
, Wired Magazine, January 20, 2012
Solyndra’s failure wasn’t just the result of manufacturing problems. It was also a product of a broad shift that was happening in the US energy sector. The financial models that had justified the massive investments in clean-energy sources were built on assumptions that the price of fossil fuels, in particular natural gas, would continue to rise. But those models began to fall apart as a natural gas boom transformed the energy landscape.
Not that I think the natural gas boom is a conspiracy, but with respect to oil it's worth remembering that each time the West has seriously moved towards energy independence the oil states have temporarily reduced oil prices enough to lure us back into complacency - and back into gas guzzlers.