News for hackers. Stuff that matters.

A comment on New Record Bid Set for World's Cheapest Solar, Undercutting Coal. Parent comment

Re:New Record Bid Set for World's Cheapest Solar, Undercutti... by briandear on Wednesday May 04, 2016 @09:57AM (#11628355)
However for every Apollo, there's a dozen Solyndras.
[ Parent | on HN ]
Re:New Record Bid Set for World's Cheapest Solar, Undercutti... by dragontamer on Wednesday May 04, 2016 @11:16AM (#11628930)
Hmmm, looks like the US Government made the money back from that one. As a whole, American Recovery and Reinvestment Act of 2009 is MAKING money from the loans.

Even Solyndras is just one tiny failure in a massive pool of wealth-creation with regards to the entire program. US Government makes money from the loans. US citizens created jobs for each other. Solar energy development got accelerated.

The only answer to Solyndras is... damn, that was a single battle lost (0.5 Billion loan default), but the US definitely "won the war" on the $800 Billion program.

[ Parent | on HN ]