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October 4, 2011 06:51 pm GMT
The spectacular failure of solar manufacturer Solyndra is being held up by some as a shining example of the Obama administration's failure to properly manage government subsidies after its collapse left taxpayers with $535 million in federally guaranteed loans.But Solyndra's failure on its own is not remarkable. There are always risks involved when you're introducing innovation into a commoditized market. The bigger, and still unanswered, question is why did it take this much capital before it failed, given the warning signs?
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/IYizhMVy3w0/
Why Did Solyndra Fail So Spectacularly?
The spectacular failure of solar manufacturer Solyndra is being held up by some as a shining example of the Obama administration's failure to properly manage government subsidies after its collapse left taxpayers with $535 million in federally guaranteed loans.But Solyndra's failure on its own is not remarkable. There are always risks involved when you're introducing innovation into a commoditized market. The bigger, and still unanswered, question is why did it take this much capital before it failed, given the warning signs?Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/IYizhMVy3w0/
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