The accelerating demise of the solar industry.
If you keep an eye on the financial world, which I do, and especially the green sectors, which I also do, it’s been an interesting time of late. Within the last few weeks, Solar Trust of America (STA), owner of the world’s largest solar plant, filed for bankruptcy protection under Chapter 11, and nobody expects much of it, if anything, to emerge from it. STA joins a long list of companies in the solar energy sector, who’ve gone bankrupt, ducked into protection from their creditors, suspended production indefinitely or are simply circling the plughole.
Across the world, a few of the more prominent and expensive casualties are Solyndra, Solar Millennium AG, Energy Conversion Devices Inc, Q-Cells, Solon, Solar Millenium, Solarhybrid, Ener1, Range Fuels, Beacon Power Corp and there’s a whole lot of others. In case you haven’t noticed, it’s probably not a good idea to invest your hard-earned pennies in any company with “solar” in its…
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