Solyndra Solar

Solyndra Solar

Introduction

Bankruptcy is a process in which the law gives relief to the debtors-corporations or individuals-through some legal procedures. A person or corporation, when unable to pay their debts file for bankruptcy, and the court provides them protection from their creditors and provides relief to them from paying off their debts. Although the court releases the debtor from many of the debt, not all of the debt is let off. The court decides whatever debt the debtor may pay, keeping in view the income and property of the debtor. The court may direct to sell the property, assets and belongings of the debtor, with some exceptions, to pay off the remaining debt. In corporate bankruptcies, the term liquidation is used for selling of corporate assets and properties to pay off the debts, while the remaining portion of debt is then discharged (Warren, W. D. 2002).

The failure of Solyndra was caused by the technological success, says Nobel Prize in Economics in 2008, Paul Krugman, in his column in The New York Times on November 7. If the start up American went bankrupt, it is because the solar market is structured with a fierce competition that she did not resist (Krugman, P. R. 2009). This is a proof of the maturity of solar energy: not only it will soon become cheaper than fossil fuels, but it does not all adverse effects to the environment as the soil fracturing in drilling for gas, for example. Eminent figure of the global economy, Paul Krugman, American economist, columnist and professor at major universities such as MIT and the London School of Economics, explains that "we are, or at least we should be at the dawn of a transformation of energy driven by the cost of solar energy that decreases rapidly.” And if the advent of solar surprised many observers, the responsibility is to seek the next "fossilized political system, in which producers of fossil fuels have powerful political allies and a propaganda machine that disparages alternative energy.

Trend of Solar Industry

Meanwhile, First Solar makes panels that avoid the cost of silicon by using cadmium telluride thin film. Producing the modules is less expensive than other technologies; they have been very successful and have grown very rapidly. The company manufactures in Arizona and Ohio as well as Malaysia, Germany and Vietnam. Other companies were finding ways to sell their solar panels. Mitsubishi, which makes solar panels in Japan and has a sales office in Orange County, Calif., said that in the face of substantial drop in panel prices, the company is focused on the dependability of its product." solyndra focused on the quality and performance of their product, Just like any quality product, there's a premium for that. Solyndra loyal customers were aware of the quality aspects of the product in terms of quality and reliability. To qualify for financial incentives offered by California, manufacturers must warranty their product for 25 years. Solyndra advantages have been in the business as long as the warranty requirement, which gave ...