Solar Panel Big Business For China Thanks To Obama

Bill keith the owner and founder of indiana based solar technology company sunrise solar used to be a small business superstar.

Solar panel big business for china thanks to obama.

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. 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. Is one of solyndra s big investors.

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. Obama s solar panel tariffs threaten to destroy an american business bill keith built a successful business making solar powered ceiling fans. They hit them with a 2 9 to 4 73 tariff with. The gop says that team obama interfered to speed up the.

Keith s business tried to only purchase its materials from. The president s trade policies are in the process. To address the widening trade gap the obama administration s commerce department accused china of illegally subsidizing solar power manufacturers. Uni solar filed for ch 11 bankruptcy in june 20 2012 after laying off hundreds of workers.

The stimulus funded loan which was originally applied for in 2006 under the bush administration was guaranteed by the department of energy. Imported 3 1 billion worth of solar cells from china in 2011 the commerce department said. 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. The company filed for bankruptcy on september 1 2011.