Tuesday, September 27, 2011

"China's Coming Solyndra Crisis"

Smart thinking to even look at the finances in this light.
I thought the total volume of loans was bigger.
From Mercom Capital via Forbes:

Courtesy of Mercom Capital Group
Courtesy of Mercom Capital Group

The political controversy over the U.S. government’s loan guarantee supporting the once-promising California solar start-up Solyndra has severely dampened enthusiasm for cleantech subsidies in the United States. The same cannot be said for China. But that may soon change.

Mercom Capital Group, an Austin, TX-based clean-energy consulting firm, reported earlier this week that state-owned Chinese banks have loaned nearly $41 billion to Chinese solar companies since last year. By contrast, the U.S. government loan guarantee for Solyndra was a mere $500 million....MORE