Konarka Technologies Inc. filed to liquidate on June 1

Konarka attracted $170 million in private capital and $20 million in government research grants.

Howard Berke, chief executive officer of the company, said June 1 Konarka had been unable to obtain financing and was unable to continue operations.

The company, which said it would lay off its 85 workers, listed $100,000 to $500,000 in assets and $10 million to $50 million in debt in its Chapter 7 filing yesterday in U.S. Bankruptcy Court in Worcester, Massachusetts.

At least four other U.S. solar-panel manufacturers filed for bankruptcy in the past year as the price of the products fell 50 percent on an oversupply and expanded production in China.

Basically, the Chinese subsidize their solar production and allow it to be dumped on the Western market, yet the Western conservidiots squeal whenever we try to do the same to protect our companies. Idiotic.

Ahh, Krugman said a billion here/there is no biggie.

Maybe if the subsidy was 2 or 3 billion, the company wouldn't have gone under.

That's just not true Dude!.... A billion here, a billion there... before you know it, it adds up to be big money!

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2001 SLK 320 six speed manual
2014 Porsche Cayenne six speed manual

Annoy a Liberal, Read the Constitution

or if it was too large to fail, like the big banks.

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2010 ML350 Bluetec
2012 Mustang Convertible

I am of the opinion that if there was money to be made in it the power companies would be pushing solar to help out with the load on the home. I guess when it gets to the point that it would be more cost effective to install home solar in every house than it cost to build a nuclear power plant (SO is finding out right now) you will see more home solar. If someone could come up with a solar powered 3 ton capacity house a/c unit they could retire early.

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Jim

SPAIN

Yeah, woulda floated for a couple more years.

Solar companies going belly up is not confined to your side of the pond.
I have heard solar called the next dot com bubble burst.

A local municipality near here promotes solar yet it does not have one solar electricity generator of its own. It has suitable building roof space yet no interest.
Just another case of our regulators telling us "Do as I say, not as I do" !!

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Grumpy Old Diesel Owners Club group

I no longer question authority, I annoy authority. More effect, less effort....

1967 230-6 auto parts car. rust bucket.
1980 300D now parts car 800k miles
1984 300D 500k miles
1987 250td 160k miles English import
2001 jeep turbo diesel 130k miles
1998 jeep tdi ~ followed me home. Needs a turbo.
1968 Ford F750 truck. 6-354 diesel conversion.
Other toys ~J.D.,Cat & GM ~ mainly earth moving

Hey Mate, look into Spain and what they did and what its done for their economy.

G'day

Spain's economic problems have nothing to do with solar penetration and subsidies. If anything, attempting to move to renewables (in a sunny climate, no less) is one of the things they have done RIGHT.

Typical conservative anti-progress jibber-jabber.

Curious, whats your green cost per megawatt compared to nuke/fossil?

Higher than nuke/fossil, but will go down as an economy of scale develops. In short, relevant only to shortsighted morons. Besides, taking care of Gaia is worth a higher price.

Short sighted morons will put your community activist back in step and grow our economy on the broken backs of green stooges.