Solyndra Legal and Ethical Issues

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Solyndra Essay YourFirstName YourLastName University title Solyndra Legal and Ethical Issues Name Institution Solyndra Legal and Ethical Issues Background Solyndra was founded by Dr. Chris Granet as a start-up solar energy organization in the year2005 in Fremont California. It manufactures tubular Solar panels specifically which were the best in the market of solar panels since all other manufacturers of solar panels made the traditional flat panels. Solyndra photovoltaic solar system never needed strategic placement or anchorage like the traditional ones that depended on ballast anchorage which had its effects on the absorption efficiency of light energy from the sun (Baker, Cylindrical Solar Cells Give a Whole New Meaning to Sunroof, 2008) Solyndra’s downfall began when it filed for chapter 11bankruptcy on 31st August 2011. This was after receiving half a billion loan grant from the US energy department 2 years before. They had gotten an extra tax break from California’s Alternative Energy & Adavance Transportation Authority of $25.1million. Both of these were given in order to financially help Solyndra in the construction of a solar panel manufacturing plant. This was in accordance with the energy law that was passed in 2005 which allowed the department to issue loans backed by the federal government for innovative projects which helped to reduce air pollution. The organization became defunct and 1100 of its employees were retrenched when production and manufacturing ceased. They explained this by saying that prices of solar panels were dropping fast and production was too costly. Solyndra’s demise was finally brought about by competition from Chinese manufacturers by august 30th when the management did not agree on putting in more capital therefore leaving Solyndra unable to finance its operations Legal and Ethical Issues

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