Solyndra was founded in 2005 and took advantage of local, state and federal incentives and grants which were available at that time.<quoted text>
The green investments were made to companies with promising ideas & were riskier than most investors would prefer. The hopes were to help these people get their ideas out there & make advancements. Some did not make it.
This risk was known when the program was designed. There was a fund established to cover the losses. I believe it was 10 billion. Most of the fund remains unused.
Lets talk Solyndra. Solyndra's panels were not of the typical design & were not silicon based as most panels. The price of silicon was going up & up & this made Solyndra's panels not only innovative but cost competitive.
Two things then happened, the price of silicon dropped dramatically & China invested tens of billions in their panel manufacturing. These things killed Solyndra. Market conditions that were not present when Solyndra was approved.
As you noted, Solyndra's technology was created at a time when silicon panels where becoming very pricy and the company could have become wildly successful.
Solyndra didn't use all of it's loan guarantees.
The right wing stooges continue to be dishonest about the various green incentives that were made available beginning as early as the Clinton administration.