He’s actually the second former (the company went bankrupt) employee to allege that everyone in Solyndra HQ could see the collapse coming.
If you missed the first account, here it is:
“At least $100,000 a day was thrown away,” Walahi said. “If they are wasting $100,000 a day, how much is that a month or a year? Of course that’s going to lead to bankruptcy.”
Which may help explain why the company was unable to survive despite a half-billion dollar, low interest loan from Uncle Sam.
Here‘s the second and most recent employee testimonial:
While we were out there, while we were building it – cause it is a half a billion dollar plant – everyone already knew that China had developed a more inexpensive way to manufacture these solar panels. Everyone knew that the plant wouldn’t work. But they still did it. They still built it.
Indeed, China was building solar panels far cheaper. Solyndra, on the other hand, was manufacturing each unit for $6 and selling each unit for $3. You don’t have to be a genius to have seen where that was going.


by Stephan Tawney on September 14, 2011