The solar-panel manufacturer Solyndra went bankrupt this week despite having received a $535 million federal loan. An embarrassment for President Obama? No, a testament to America’s incoherent energy policy.
Solyndra is one of four major solar companies to close its doors this year. They leave China’s solar industry, reported the New York Times on Friday “with a dominant sales position — almost three-fifths of the world’s production capacity — and rapidly declining costs.”