01 Oct '11, 11am

Now is Not the Time to Back Down from Solar Innovation

Now is Not the Time to Back Down from Solar Innovation

The anti-clean-energy echo chamber has been publicizing the bankruptcy of Solyndra, a manufacturer of solar energy panels, arguing that the President's clean energy job creation program is ineffective. But most of this criticism is just political posturing and not really trying to learn from these failures, which importantly have not prevented solar energy from growing dramatically while reducing costs. One direct source of the problem is that China has succeeded in reducing the cost of manufacturing first-generation solar panels to such an extent that many companies around the world cannot compete. Notwithstanding this success, most American solar companies remain ahead of their overseas competition, as I illustrate below. The issue of American industry remaining competitive with China is, of course, not unique to clean energy: Many American producers are challenged to ke...

Full article: http://www.greenbiz.com/blog/2011/10/01/now-not-time-back...

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