Another Failed Solar Company

Another "green energy" company has failed.  Solyndra, a solar panel manufacturer, has filed for Chapter 11 bankruptcy eve after heavy government subsidies and load guarantees.  It was only 15 days ago when I posted about another heavily subsidized solar company, Evergreen Solar, declaring bankruptcy.  

I've said it  hundreds of times.  There is no scientific or economical way that solar and wind will ever replace fossil fuel for electricity generation.  It is impossible no matter how much money the government throws at it - as evidenced by these two recent failures.  The free market is the best way to determine.

As the WSJ Review and Outlook section stated:

Solyndra's story is more evidence that trendy, politically directed investments don't make for efficient allocation of capital.  Beyond the immediate losses, they mean the money wasn't available for market-directed investment with a better chande to succeed.  This is how you get a 1% recovery.