RMI Outlet, Rocky Mountain Institute’s blog, explores topics critical to RMI’s mission to transform global energy use to create a clean, prosperous, and secure low-carbon future.
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The recent bankruptcy of Solyndra Energy resulted in a media frenzy that directed considerable attention and scrutiny to the clean energy industry. The failure of this solar company has been called a “black eye” for the renewable energy industry, the end of green jobs, and as David Roberts of Grist warned, a climategate-level mess.
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By now the financial, political, and emotional fallout from the recent Solyndra bankruptcy filing is running at full tilt. Print, online, and social media channels are filled with the appropriate questions about what happened -- who’s responsible, who’s accountable, and who’s going to pay for it? (Originally published on Greentechmedia.com)
With all the talk about Solyndra’s bankruptcy, the message that the solar industry is struggling to effectively compete at scale with cheaper electricity sources such as coal is being made loud and clear. So while solar photovoltaic module costs have decreased significantly in the past decade, high installation costs caused by a complex tangle of utility interconnection requirements, financing expectations and permitting codes is a big reason why installed solar PV remains an expensive energy option.
The U.S. enjoys some of the most affordable and reliable electricity in the world. This has largely been enabled by the electricity grid (the largest man-made machine in the human history), which provides power to our schools, hospitals and homes.