Solar Panel Big Business For China Thanks To Obama

A123 solar received 279 million from taxpayers thanks to president obama s department of energy loan guarantees even after the solyndra bankruptcy and is getting another 500m from obama after a loss of 400m.

Solar panel big business for china thanks to obama.

Imported 3 1 billion worth of solar cells from china in 2011 the commerce department said. A former facility for a colorado based solar panel maker that received a 400 million loan guarantee from the obama administration and eventually went bankrupt last year will cost millions to. In 2009 the california based green energy solar panel manufacturer solyndra received a 535 million loan. They hit them with a 2 9 to 4 73 tariff with.

The commerce department issued its final ruling wednesday in a long simmering trade dispute with china imposing tariffs ranging from about 34 percent to nearly 47 percent on most manufacturers of. Chinese companies have indeed built many factories and aggressively sold their products. Solyndra a california based manufacturer of rooftop solar panels opened in 2005 and in 2009 became the obama administration s first recipient of an energy loan guarantee to the tune of 535. Uni solar filed for ch 11 bankruptcy in june 20 2012 after laying off hundreds of workers.

Bill keith the owner and founder of indiana based solar technology company sunrise solar used to be a small business superstar. The stimulus funded loan which was originally applied for in 2006 under the bush administration was guaranteed by the department of energy. Keith s business tried to only purchase its materials from. Solyndra was a manufacturer of cylindrical panels of copper indium gallium selenide cigs thin film solar cells based in fremont california although the company was once touted for its unusual technology plummeting silicon prices led to the company s being unable to compete with conventional solar panels made of crystalline silicon.

The gop says that team obama interfered to speed up the. The company filed for bankruptcy on september 1 2011. Unisolar received even more obama money after showing now progress no profits and is still failing yet they still remain in business with obama s help. Obama s solar panel tariffs threaten to destroy an american business bill keith built a successful business making solar powered ceiling fans.