Furthering the production of green energy has become the interest of many people in recent years. With growing concerns over the greenhouse effect and the use of fossil fuels, alternative energy has rapidly developed in ways of the technology used, the application of that technology, and the people interested in it. It is no question that the green energy industry has established itself as “having the foot in the door” and from here there is potential for improvement and production.
But what happens when the push for green energy goes sour, as in the case of the Solyndra company. What does it mean when a supposedly promising company is backed by the government and then suddenly files for bankruptcy, costing the tax payers millions of dollars? They said they were worth investing in and the government was willing enough to ensure their loans, hoping that the company’s production of high-grade solar panels will both stimulate the green energy industry and provide thousands of jobs for Americans. Yet despite what was said, they lost everything. People think this means green energy is a waste of money, others suspect foul-play, and then there’s always China to blame. But when we step away from the scandal and try not to get to caught up in what happened, we can see that this event, or “scandal” as some refer to it, while it does have its bad parts, does not ruin clean energy subsidies as a whole.
If you have an interest in this controversy, continue on to my Solyndra Scandal Page.