Solar Company Faces Dark Days Ahead

Inquiring minds are looking at Northern California and an article by the always great Katy Grimes. In her latest piece Ms. Grimes seems to expose the dirty little secret of how the California citizens got taken by solar company Solyndra Inc.:

The day after the election, the Los Angeles Times reported that Solyndra Inc., a solar power system manufacturing company in the San Francisco Bay area, is closing one of its factories, laying off 40 employees and letting the contracts for more than 150 temporary workers expire.

It’s hard not to question the timing of this information.

Even with substantial government subsidies, credits and loan guarantees, many are wondering if Solyndra enticed by the Schwarzenegger administration and/or opponents of Prop 23 to keep the news of the downsize quiet until after Tuesday’s election, in order to guarantee failure of the proposition. It certainly appears so.

Solyndra was visited by Gov. Arnold Schwarzenegger, Energy Secretary Steven Chu, Vice President joe Biden and President Barack Obama. The company has reportedly received “a $535-million federal loan guarantee, more than $1 billion in private equity funds and supportive visits from dignitaries such as .” And of course, the company has friends in high places:

Backers of AB32, California’s overreaching 2006 global warming act, promised green jobs for everyone. The governor has been an aggressive, vocal proponent of the green industry in California – a position that now only looks like an attempt to gain a legacy – any legacy.

Proponents of Prop. 23, the ballot initiative that would have suspended AB 32 until California unemployment drops to 5.5 percent, have been warning that California’s manufacturing jobs are leaving the state due to business-stifling regulations in the state, and that China has become a formidable competitor.

Just how bad is the “Green Jobs” sector in California?

Joe Vranich, a California Business Relocation Coach, has been keeping track of the companies leaving the state, including many solar manufacturers who have been relocating to Oregon, Georgia and other business-friendly states.

By October 12, Vranich had counted 158 companies leaving California, which is more than three times the total of 2009. Read through Vranich’s list and notice how many of the companies are green-tech companies.

It is always interesting to see what happens once the cameras are shut off. People rarely get to see what happens after the money is given away to these companies.

With these kinds of policies, is it any surprize that California is in such shape?


One Response

  1. […] Solar Company Faces Dark Days Ahead […]

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