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.

To address the widening trade gap the obama administration s commerce department accused china of illegally subsidizing solar power manufacturers. 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. Imported 3 1 billion worth of solar cells from china in 2011 the commerce department said. The stimulus funded loan which was originally applied for in 2006 under the bush administration was guaranteed by the department of energy.

The company filed for bankruptcy on september 1 2011. 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. Keith s business tried to only purchase its materials from. 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.

The president s trade policies are in the process. 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. 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.

Chinese companies have indeed built many factories and aggressively sold their products. The gop says that team obama interfered to speed up the. Uni solar filed for ch 11 bankruptcy in june 20 2012 after laying off hundreds of workers. Obama s solar panel tariffs threaten to destroy an american business bill keith built a successful business making solar powered ceiling fans.