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Author Topic: Solar energy company goes belly up [Locked]
Brother_Tempus  3 stars
Title: Patriot
Posts: 985
Registered: 2001-1-9 08:07:00
Bonzoboy1 posted:

http://www.reuters.com/article/2012/04/02/us-solartrust-bankruptcy-idUSBRE8310ZV20120402

Solar Trust of America LLC, which holds the development rights for the world's largest solar power project, on Monday filed for bankruptcy protection after its majority owner began insolvency proceedings in Germany.

The Oakland-based company has held rights for the 1,000-megawatt Blythe Solar Power Project in the Southern California desert, which last April won $2.1 billion of conditional loan guarantees from the U.S. Department of Energy. It is unclear how the bankruptcy will affect that project.


Maybe they would have done better with a subsidy.........



Green industry is a government sponsored bubble .. the sooner we let it crash the better

 

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Crackdoc  1 star
Posts: 236
Registered: 2005-10-7 12:55:29
The question is, 'How much that 2.1 Billion were they given already?'.


 

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Eternal_Midnight  2 stars
Posts: 424
Registered: 2000-5-11 13:44:32
paulg_68 posted:

That was a lot of words and yet you failed to provide any information to counter your own hard evidence which confirmed my argument.



The cost of solar panels is $1/watt, and still falling.

Costs go to $4-$5/watt for OFF GRID systems, which is not what we are discussing here, because we are comparing costs to generate electricity for the grid. I will say again what I said above, which refers to the wikipedia link I posted (I'll even bold the two important words which you keep saying proves your point, so you can refer easily back to my own evidence):


Eternal_Midnight posted:

System costs include batteries, wiring, inverters, and charge controllers for OFF GRID systems. Grid tied systems eliminate charge controllers, some wiring, and batteries, which are at the moment one of the most expensive elements.



paulg_68 posted:

Do you have anything at all or is all of your support secret and classified?


Funny. You haven't provided a single piece of evidence here or in any other thread about this topic.

Please defend your statement that solar is NOT economically viable, or please stop posting about this topic.


paulg_68 posted:

As for all of your externalized costs, I'll just point out that the more coal we burn, the longer the average lifespan. How bad can it really be? Add a penny per kwh for all that crap if you want. Then add a buck per KWH for solar since it consumes massive amounts of silicon and drives up the cost of computers.





You are so ridiculous about this stuff it hurts.
http://www.sourcewatch.org/index.php?title=External_costs_of_coal

"Our comprehensive review finds that the best estimate for the total economically quantifiable costs, based on a conservative weighting of many of the study findings, amount to some $345.3 billion, adding close to 17.8¢/kWh of electricity generated from coal. The low estimate is $175 billion, or over 9¢/kWh, while the true monetizable costs could be as much as the upper bounds of $523.3 billion, adding close to 26.89¢/kWh. These and the more difficult to quantify externalities are borne by the general public." The average residential price of electricity at the time of the report is 12¢/kWh.[13]

Skeptical Science notes that when the coal externalities of the study are included in coal's price, it increases the levalized costs to approximately 28 cents per kWh, which is more than the 2009 U.S. Energy Information Administration cost of hydroelectric, wind (onshore and offshore), geothermal, biomass, nuclear, natural gas, and solar photovoltaics, and is on par with solar thermal, although the costs of solar thermal are falling.[15]


That quotation is just one of the multiple studies done, and the most conservative estimate. Harvard, in 2011, estimates coal actually costs $500 billion more annually in externalized costs.

And you want to add $1/kWh for the cost of solar panels to create silicon computer chips; silicon being the second most abundant substance in the earth crust?

Now you've resorted to just making things up. Great job, paul.

 

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Kjarhall  3 stars
Title: The Pungent One
Posts: 915
Registered: 2002-3-1 15:47:21
Cano Petroleum filed for bankruptcy.

Obviously that means that oil is a loser.

They should have gotten a subsidy.

 

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Coriolus  3 stars
Title: Outpost Ice Mexican
Posts: 905
Registered: 2002-5-17 06:20:48
Free Energy is a nightmare for utility companies, they will do anything to not allow it to happen!

 

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NuEM  4 stars
Posts: 1,007
Registered: 2004-3-2 09:08:11
Free Energy isn't free. During their life solar panels don't pay for their own costs. They need to be subsidized for that. The raw materials for making them are very expensive and vast amounts of natural landscape is destroyed in the process of harvesting them. But since that happens in China we don't have to worry about it and can feel good and happy and better than lowly fossil based energy addicts.

 

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theredkay1  3 stars
Posts: 611
Registered: 2008-5-16 10:37:09
Kjarhall posted:

Cano Petroleum filed for bankruptcy.


Obviously that means that oil is a loser.


They should have gotten a subsidy.



Hopefully there is a congressional investigation
theredkay1  3 stars
Posts: 611
Registered: 2008-5-16 10:37:09
Eternal_Midnight posted:

Now you've resorted to just making things up. Great job, paul.



Its a mistake to assume that this just started right now.
Moe_Nox  4 stars
Title: In Moe We Trust
Posts: 1,962
Registered: 2007-2-4 12:17:56
Its funny how petty Paul makes people become when he destroys them.
On topic: can we please stop throwing money at a failed industry? Has solar ever been profitable? And apparently not even subsidies can keep them afloat.

 

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_Gimpzilla_  1 star
Posts: 116
Registered: 2000-3-12 20:20:37
Moe_Nox posted:

Its funny how petty Paul makes people become when he destroys them.

On topic: can we please stop throwing money at a failed industry? Has solar ever been profitable? And apparently not even subsidies can keep them afloat.



Solar companies in the US can't compete with Chinese companies because of the amount of money thrown at them by their government. You are seeing green energy efforts fail here because China is doing everything they can to win.

 

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