Substitute "SoloPower" for "Solyndra" in this story, and picture it with a dateline of mid-2012. The economic salvation of Portland through "green" manufacturing will look less likely than ever:
Solyndra once was the showcase for President Barack Obama's efforts to increase investment in renewable energy and to generate jobs. But the marketplace for its products changed dramatically over the past year. Chinese companies have flooded the market with inexpensive solar energy panels, and Europe's economy weakened demand from customers. The result has been an unprecedented drop in solar cell prices this year. Two other solar panel manufacturers also filed for bankruptcy in the past month.
Administration officials stressed that private investors thought so highly of Solyndra's prospects that they put more than $1 billion of their own money into the company.
But Republicans on the panel said there appeared to be a rush in approving financing for Solyndra, and they expressed concern that a similar rush may be taking place now with agreements that would have the federal government guaranteeing an additional $10 billion in loans if all the guarantees are approved before Sept. 30.
SoloPower's planned Portland plant is being financed in large part by its own federal loan guarantees, which reportedly total about $200 million. The State of Oregon is lending the company another $20 million, and the financial wizards at the City of Portland are guaranteeing $5 million.
Although the company and bureaucrats are touting 500 new jobs in the area, SoloPower recently admitted that it will have only around 100 workers at the first of its two plants planned for North Portland. At the rate the industry is going, it will be a wonder if two Portland plants actually get built and operate for a sustained period of time.
Comments (22)
...and Adams will be long gone.
But something tells me Adams will rear his head in politics somewhere, somehow. He has no other skills.
Hell, substitute Vestas or ReVolt Technologies. The story is still the same:
- Elected official wants headlines and green is cool
- Elected officials have no clue about technology and business-worthiness of ideas
- Grant-seekers have no conscience at all and are vulpine and just want the money with min strings or justification
- Elected official are spending other people's money.
That's the problem, it'll be Graham's law revised - Bad ideas will drive out any good ideas.
Naysayers, begone! Have ye no faith?
Remember, Portland is special because we have elected officials who are "on the right track" and I'm sure they'll do the right thing. Anyone seen my hookah?
It is the media's hype that helps keep the Green coming. Look at this week's Tribune article "New deals shaking up solar industry", and about every week the Tribune hypes solar Green.
The most obfuscating thing about the Tribune's continual hyping is the lack of discussing the obvious. They spent 70 inches of reporting about "solar leasing and solar pre-payments", and saying the executive director of the Oregon Solar Energy Industries Association "didn't pay a dime to have solar panels put on his SE Portland home". Then stating "solar leasing companies can now recoup the [their]the costs of installing home systems by collecting federal tax credits and Energy Trust of Oregon rebates [taxpayer funded]". The Tribune failed to mention the state's credits included. They fail on the obvious.
It boils down to solar is payed by you and me, other citizens, to the benefit of a few.
Same goes for those who install their own systems, financing there own. The feds, state and Energy Trust contributions adds up to 85% of a typical home installation which varies around $17,000 to $18,500 which the owner only pays approx. $3200 of the total after all the taxpayer funded credits.
The Tribune and other media fails miserably in emphasizing who really pays, but always touts how wonderful it is. Yes, solar is good, but who is really paying?
Our "geniuses" were/are caught up in sustainability and greenness.
Everybody happy paying higher gas prices for our forced ethanol consumption and poorer mileage? Everybody happy having TriMet paying higher prices for biodiesel?
I am not. Show me a Mayoral candidate that is not in favor of the above and I will vote for that person.
Spain, Italy and Portland are "all-in" for the "green".
Actually, Spain last year halted all subsidies for "green" tech, which they had formerly heavily promoted in an effort to become the "greenest" nation on the planet.
That sudden reversal has cost solar panel and wind turbine companies (like Vestas) because a substantial portion of their market share simply disappeared.
Whadya wanna bet that Portland officials have already been offering us all up like lambs on the altar to keep those firms afloat and maybe even relocate here?
For every job you create by subsidizing Solar Power Companies, you push a barely profitable, struggling, private solar company out of business and kill one of their jobs. This is why , while the solar industry is growing at a record reate, solar power stocks are dropping like rocks. This is one of those things where a job created results in a job lost. Why would anyone in their right mind support that kind of legislation?
I was thinking because of the subsidies. Is this not a subsidy for the rich? Is it not taking our tax dollars to help those who can afford to put something like this up. It is not something that someone who makes under 50K would add to thier home. Or is this a pay off the people who are part of the Green Energy madness. Letting them use our tax dollars to support thier cause. INstead of their own money. If it was thier money I do not think they would do it.
Why not permanently (via amendment) prohibit of all govt subsidies of any corporation in any manner, and let all of this disappear? Oh yeah... because the Supreme Court has repeatedly declared corporations to be uberhumans, better than either you or me. Oh yeah... our publicly elected officials and the bureaucrats are busy eating at the corporate trough all over the country.
Why are we all forcing corporate farming, corporate insurance, badly run airlines and pseudo-public rail, green energy schemes, and financial "bankster" institutions into continued socially-engineered existence with endless subsidies and bailouts? We'd be better quickly weaning ourselves off of them all and letting the void be filled with genuine and sane self-supporting free market versions of the same.
Why can't the Tea Party people realize that we already ARE highly Socialist and Big-Govt. in the only sense that they care about: govt funded tax support and massive redistribution. We have simply defined a very narrow portion of society as the recipients of the benefits in our exceptionally broken version of Socialism.
I thought that was simply per-shift and they were employing more? Do I misunderstand?
You do. Read the linked material. They say there will be two shifts, parking for the shifts will overlap, and at the time of overlap, there won't be more than 100 employees on site, total. There are fewer than 120 parking spaces on the site.
Was talking to a close friend of mine, who is a retired banker. He flatly told me that most of these "green" deals would never pass muster with most bank loan committees.
I've said this multiple times - sustainability should be about taking care of what you have, and spending funds prudently. Sorry, that's just the accountant in me talking. The social engineering, iconic-visiony thing, green this and that, will drive us bankrupt, which is not sustainable. Put a dead bird on it.
You all get an A+ for noticing the subsidy for this , and OOOPs did you miss the subsidy for Chevron, EXXon , Con-Agra , Dupont , AND GoldmanSucks , did I miss anyone , yea I missed hundreds of old boy companies that we subsidize. Why not go with the Pres and cut off the big super-profitable oil companies from the teet and see what fun happens first. I can use Solar , and if we get enough installed I won't have to die sucking in the subsidized Boardman Coal Plant Poison.
Charamba, Douro 2008
Horse Heaven Hills, Cabernet 2010
Lorelle, Horse Heaven Hills Pinot Grigio 2011
Avignonesi, Montepulciano 2004
Lorelle, Willamette Valley Pinot Noir 2011
Villa Antinori, Toscana 2007
Mercedes Eguren, Cabernet Sauvignon 2009
Lorelle, Columbia Valley Cabernet 2011
Purple Moon, Merlot 2011
Purple Moon, Chardonnnay 2011
Abacela, Vintner's Blend No. 12
Opula Red Blend 2010
Liberte, Pinot Noir 2010
Chateau Ste. Michelle, Indian Wells Red Blend 2010
Woodbridge, Chardonnay 2011
King Estate, Pinot Noir 2011
Famille Perrin, Cotes du Rhone Villages 2010
Columbia Crest, Les Chevaux Red 2010
14 Hands, Hot to Trot White Blend
Familia Bianchi, Malbec 2009
Terrapin Cellars, Pinot Gris 2011
Columbia Crest, Walter Clore Private Reserve 2009
Campo Viejo, Rioja, Termpranillo 2010
Ravenswood, Cabernet Sauvignon 2009
Quinta das Amoras, Vinho Tinto 2010
Waterbrook, Reserve Merlot 2009
Lorelle, Horse Heaven Hills, Pinot Grigio 2011
Tarantas, Rose
Chateau Lajarre, Bordeaux 2009
La Vielle Ferme, Rose 2011
Benvolio, Pinot Grigio 2011
Nobilo Icon, Pinot Noir 2009
Lello, Douro Tinto 2009
Quinson Fils, Cotes de Provence Rose 2011
Anindor, Pinot Gris 2010
Buenas Ondas, Syrah Rose 2010
Les Fiefs d'Anglars, Malbec 2009
14 Hands, Pinot Gris 2011
Conundrum 2012
Condes de Albarei, Albariño 2011
Columbia Crest, Walter Clore Private Reserve 2007
Penelope Sanchez, Garnacha Syrah 2010
Canoe Ridge, Merlot 2007
Atalaya do Mar, Godello 2010
Vega Montan, Mencia
Benvolio, Pinot Grigio
Nobilo Icon, Pinot Noir, Marlborough 2009
Portuga, Rose 2011
Revelation, Chardonnay, Pays d'Oc 2010
Beaulieu, Cabernet, Rutherford 2005
Monte Alto, Tinto Reserva 2005
Chateau Ste. Michelle, Cabernet, Indian Wells 2009
Espiral, Vinho Rose
Vin-Koru, Pinot Gris 2011
14 Hands, Hot to Trot Red 2009
Rodney Strong, Cabernet, Sonoma 2009
Abacela, Vintner's Blend #11
Portuga, White 2010
La Bourgeoisie, Red 2009
Januik, Red 2009
Three Rivers, River's Red 2008
Kirkland, Alexander Valley Merlot 2008
Muga, Rioja Rose 2010
Quinta das Amoras, Vinho Tinto 2009
Mauro Molino, Barbera d'Alba 2009
Garda Chiaretto Rose
Columbia Crest, Two Vines Vineyard 10 White
Chateau Ste. Michelle, Pinot Gris, Columbia Valley 2009
L'Hortus, Rose de Saignee 2010
Maculan, Pino & Toi 2008
McKinley Springs, Bombing Range Red 2008
Trader Joe's Pinot Gris 2009
Montes Alpha, Cabernet 2007
Gran Sasso, Sangiovese, Terre di Chieti 2009
Garda, Classico Chiaretto Rose
Beaulieu, Cabernet, Rutherford 1999
Picos del Montgo, Tempranillo 2008
Chateau de Montmirail, Vacqueyras 2008
La Granja 360, Syrah 2009
Montgras, Carmenere Reserva 2009
Lange, Pinot Gris 2009
Columbia Crest, Horse Heaven Hills Cabernet 2008
Kirkland, Pinot Grigio 2010
Trader Joe's Coastal Syrah 2009
Columbia Crest, Horse Heaven Hills Merlot 2008
Trader Joe's Coastal Chardonnay 2009
Vieux Papes Red
Domaine de l'Aujardiere, Chardonnay 2009
Santa Rita, Cabernet, Medalla Real 2007
Penfold's, Koonunga Hill Shiraz Cabernet 2008
Guild, Red, Lot #02 2008
Dievole, Dievolino Sangiovese 2008
Laforet, Burgogne Chardonnay 2009
Columbia Winery, Merlot 2007
Bonterra, Cabernet 2008
Elk Cove, Pinot Gris 2009
Maquis Lien 2006
Scott Paul, Pinot Noir, Le Paulee 2007
The Occasional Book
Hope Larson - A Wrinkle in Time, the Graphic Novel
Rudyard Kipling - Kim
Peter Ames Carlin - Bruce
Fran Cannon Slayton - When the Whistle Blows
Neil Young - Waging Heavy Peace
Mark Bego - Aretha Franklin, the Queen of Soul (2012 ed.)
Jenny Lawson - Let's Pretend This Never Happened
J.D. Salinger - Franny and Zooey
Charles Dickens - A Christmas Carol
Timothy Egan - The Big Burn
Deborah Eisenberg - Transactions in a Foreign Currency
Kurt Vonnegut Jr. - Slaughterhouse Five
Kathryn Lance - Pandora's Genes
Cheryl Strayed - Wild
Fyodor Dostoyevsky - The Brothers Karamazov
Jack London - The House of Pride, and Other Tales of Hawaii
Jack Walker - The Extraordinary Rendition of Vincent Dellamaria
Colum McCann - Let the Great World Spin
Niccolò Machiavelli - The Prince
Harper Lee - To Kill a Mockingbird
Emma McLaughlin & Nicola Kraus - The Nanny Diaries
Brian Selznick - The Invention of Hugo Cabret
Sharon Creech - Walk Two Moons
Keith Richards - Life
F. Sionil Jose - Dusk
Natalie Babbitt - Tuck Everlasting
Justin Halpern - S#*t My Dad Says
Mark Herrmann - The Curmudgeon's Guide to Practicing Law
Barry Glassner - The Gospel of Food
Phil Stanford - The Peyton-Allan Files
Jesse Katz - The Opposite Field
Evelyn Waugh - Brideshead Revisited
J.K. Rowling - Harry Potter and the Sorcerer's Stone
David Sedaris - Holidays on Ice
Donald Miller - A Million Miles in a Thousand Years
Mitch Albom - Have a Little Faith
C.S. Lewis - The Magician's Nephew
F. Scott Fitzgerald - The Great Gatsby
William Shakespeare - A Midsummer Night's Dream
Ivan Doig - Bucking the Sun
Penda Diakité - I Lost My Tooth in Africa
Grace Lin - The Year of the Rat
Oscar Hijuelos - Mr. Ives' Christmas
Madeline L'Engle - A Wrinkle in Time
Steven Hart - The Last Three Miles
David Sedaris - Me Talk Pretty One Day
Karen Armstrong - The Spiral Staircase
Charles Larson - The Portland Murders
Adrian Wojnarowski - The Miracle of St. Anthony
William H. Colby - Long Goodbye
Steven D. Stark - Meet the Beatles
Phil Stanford - Portland Confidential
Rick Moody - Garden State
Jonathan Schwartz - All in Good Time
David Sedaris - Dress Your Family in Corduroy and Denim
Anthony Holden - Big Deal
Robert J. Spitzer - The Spirit of Leadership
James McManus - Positively Fifth Street
Jeff Noon - Vurt
Road Work
Miles run year to date: 29
At this date last year: 66
Total run in 2012: 129
In 2011: 113
In 2010: 125
In 2009: 67
In 2008: 28
In 2007: 113
In 2006: 100
In 2005: 149
In 2004: 204
In 2003: 269
Comments (22)
...and Adams will be long gone.
But something tells me Adams will rear his head in politics somewhere, somehow. He has no other skills.
Posted by the other white meat | September 16, 2011 8:08 AM
I get the feeling that these bureaucrats never uttered the phrase, "will you respect me in the morning".
Posted by David E Gilmore | September 16, 2011 8:20 AM
So far "green jobs" have cost $5 million per job. Spain, Italy and Portland are "all-in" for the "green". Which one will go bankrupt first?
Posted by John | September 16, 2011 8:25 AM
Substitute "SoloPower" for "Solyndra"
Hell, substitute Vestas or ReVolt Technologies. The story is still the same:
- Elected official wants headlines and green is cool
- Elected officials have no clue about technology and business-worthiness of ideas
- Grant-seekers have no conscience at all and are vulpine and just want the money with min strings or justification
- Elected official are spending other people's money.
That's the problem, it'll be Graham's law revised - Bad ideas will drive out any good ideas.
Posted by Steve | September 16, 2011 8:51 AM
Naysayers, begone! Have ye no faith?
Remember, Portland is special because we have elected officials who are "on the right track" and I'm sure they'll do the right thing. Anyone seen my hookah?
Posted by Mr. Grumpy | September 16, 2011 8:54 AM
Help stop the Portland invasion into Lake Oswego, Vancouver and Clackamas County.
Then Portland will be forced to change.
Posted by Ben | September 16, 2011 9:03 AM
It is the media's hype that helps keep the Green coming. Look at this week's Tribune article "New deals shaking up solar industry", and about every week the Tribune hypes solar Green.
The most obfuscating thing about the Tribune's continual hyping is the lack of discussing the obvious. They spent 70 inches of reporting about "solar leasing and solar pre-payments", and saying the executive director of the Oregon Solar Energy Industries Association "didn't pay a dime to have solar panels put on his SE Portland home". Then stating "solar leasing companies can now recoup the [their]the costs of installing home systems by collecting federal tax credits and Energy Trust of Oregon rebates [taxpayer funded]". The Tribune failed to mention the state's credits included. They fail on the obvious.
It boils down to solar is payed by you and me, other citizens, to the benefit of a few.
Same goes for those who install their own systems, financing there own. The feds, state and Energy Trust contributions adds up to 85% of a typical home installation which varies around $17,000 to $18,500 which the owner only pays approx. $3200 of the total after all the taxpayer funded credits.
The Tribune and other media fails miserably in emphasizing who really pays, but always touts how wonderful it is. Yes, solar is good, but who is really paying?
Posted by Lee | September 16, 2011 9:27 AM
Some interesting background info on Solyndra here:
http://brucekrasting.blogspot.com/2011/09/solyndra-few-new-facts-few-new.html
http://brucekrasting.blogspot.com/2011/09/solyndra-obama-connection.html
And this one before the story broke:
http://brucekrasting.blogspot.com/2011/08/government-investment-disaster-in-works.html
Posted by ChrisM | September 16, 2011 10:14 AM
Our "geniuses" were/are caught up in sustainability and greenness.
Everybody happy paying higher gas prices for our forced ethanol consumption and poorer mileage? Everybody happy having TriMet paying higher prices for biodiesel?
I am not. Show me a Mayoral candidate that is not in favor of the above and I will vote for that person.
Posted by pdxjim | September 16, 2011 10:45 AM
Spain, Italy and Portland are "all-in" for the "green".
Actually, Spain last year halted all subsidies for "green" tech, which they had formerly heavily promoted in an effort to become the "greenest" nation on the planet.
That sudden reversal has cost solar panel and wind turbine companies (like Vestas) because a substantial portion of their market share simply disappeared.
Posted by Max | September 16, 2011 11:24 AM
I find the fact that our government would lend half a billion(??!!!) dollars to ANY company to be completely dumbfounding.
I don't care if it is a factory turning out unicorns for orphans, founded by Mother Teresa, and making gigantic surefire profits year in and year out.
Why the hell would the government have a program to lend half a billion dollars to ANYONE?
Posted by Snards | September 16, 2011 11:26 AM
Whadya wanna bet that Portland officials have already been offering us all up like lambs on the altar to keep those firms afloat and maybe even relocate here?
Posted by Mr. Grumpy | September 16, 2011 11:32 AM
For every job you create by subsidizing Solar Power Companies, you push a barely profitable, struggling, private solar company out of business and kill one of their jobs. This is why , while the solar industry is growing at a record reate, solar power stocks are dropping like rocks. This is one of those things where a job created results in a job lost. Why would anyone in their right mind support that kind of legislation?
Posted by Mr Djangofan | September 16, 2011 12:57 PM
SoloPower recently admitted that it will have only around 100 workers
I thought that was simply per-shift and they were employing more? Do I misunderstand?
Posted by Aaron | September 16, 2011 1:28 PM
I will say this once:
Dare to get corporate America off welfare.
And on another subject:
Drug test political candidates, office holders, and cops.
Posted by LucsAdvo | September 16, 2011 1:30 PM
I was thinking because of the subsidies. Is this not a subsidy for the rich? Is it not taking our tax dollars to help those who can afford to put something like this up. It is not something that someone who makes under 50K would add to thier home. Or is this a pay off the people who are part of the Green Energy madness. Letting them use our tax dollars to support thier cause. INstead of their own money. If it was thier money I do not think they would do it.
Posted by David Anfinrud | September 16, 2011 1:55 PM
Why not permanently (via amendment) prohibit of all govt subsidies of any corporation in any manner, and let all of this disappear? Oh yeah... because the Supreme Court has repeatedly declared corporations to be uberhumans, better than either you or me. Oh yeah... our publicly elected officials and the bureaucrats are busy eating at the corporate trough all over the country.
Why are we all forcing corporate farming, corporate insurance, badly run airlines and pseudo-public rail, green energy schemes, and financial "bankster" institutions into continued socially-engineered existence with endless subsidies and bailouts? We'd be better quickly weaning ourselves off of them all and letting the void be filled with genuine and sane self-supporting free market versions of the same.
Why can't the Tea Party people realize that we already ARE highly Socialist and Big-Govt. in the only sense that they care about: govt funded tax support and massive redistribution. We have simply defined a very narrow portion of society as the recipients of the benefits in our exceptionally broken version of Socialism.
Pointless rant concluded.
Posted by Alex | September 16, 2011 2:33 PM
I thought that was simply per-shift and they were employing more? Do I misunderstand?
You do. Read the linked material. They say there will be two shifts, parking for the shifts will overlap, and at the time of overlap, there won't be more than 100 employees on site, total. There are fewer than 120 parking spaces on the site.
Posted by Jack Bog | September 16, 2011 2:50 PM
Was talking to a close friend of mine, who is a retired banker. He flatly told me that most of these "green" deals would never pass muster with most bank loan committees.
Posted by Dave A. | September 16, 2011 3:54 PM
I've said this multiple times - sustainability should be about taking care of what you have, and spending funds prudently. Sorry, that's just the accountant in me talking. The social engineering, iconic-visiony thing, green this and that, will drive us bankrupt, which is not sustainable. Put a dead bird on it.
Posted by umpire | September 16, 2011 4:41 PM
You all get an A+ for noticing the subsidy for this , and OOOPs did you miss the subsidy for Chevron, EXXon , Con-Agra , Dupont , AND GoldmanSucks , did I miss anyone , yea I missed hundreds of old boy companies that we subsidize. Why not go with the Pres and cut off the big super-profitable oil companies from the teet and see what fun happens first. I can use Solar , and if we get enough installed I won't have to die sucking in the subsidized Boardman Coal Plant Poison.
Posted by Billb | September 16, 2011 4:57 PM
If you are truly tired of the legal fiction of corporate personhood, there is a rally tomorrow:
https://www.facebook.com/event.php?eid=257426814290207
11 AM to 3 PM Pioneer Courthouse Square
Posted by LucsAdvo | September 16, 2011 5:25 PM