I've been going big on Solyndragate here at DeBord Report. It's a good story. It has everything: ideas about the future, money, politics, success, failure, Silicon Valley, Washington — and it's sucked in the Obama administration. It's also generated a lot of discussion and debate in the blog-o-sphere about both the specifics of the solar startup's abrupt bankruptcy and the role of government in financing green energy projects. Here's a rundown of what I've written so far:
Think the Department of Energy is bunch of meek bureaucrats? Think again. It's a den of super-venture-capitalists who have been building up the thin-solar industry in America.
When you invest in new industries, you sometimes have to swing for the fences in order to capture major returns.
The solar business is growing, but growth without scale means it will always struggle to compete with other forms of energy.
The title says it all.
What you're dealing with when your dealing with green.
The company didn't lose too much money — it didn't lose enough.
Wherein we speculate on the bankruptcy immediately after it was announced.
Well, it's not like we haven't been on the green beat (see Pacific Swell). But this was a crack at figuring out why green has been struggling for scale — before the Solyndra meltdown.