$1B solar plant was obsolete before it went online

  • Kind of sad that the founder feels obligated to say it's a "tragedy of mismanagement" or a tragedy of anything... as if the story is any more dramatic or Shakespearean than the simple truth: Probably this method just isn't as efficient as others. And I mean, we had to actually try building this thing to find that out, so there's no shame in that.

  • Money well spent IMO.

  • Most of the article is behind a paywall, so I couldn't find out: More efficient solar panels have been made since, but has the price of electricity dropped so much that this plant is now not economically viable?

  • paywalled?

    This seems interesting, though. Does the plant just become a stranded asset or is there still a way to get returns out of it?

  • Taxpayers remain on the hook for $737 million in loan guarantees. Another one that left taxpayers on the hook for $530 mm - Solyndra (1)

    (1)https://www.factcheck.org/2011/10/obamas-solyndra-problem/