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The sun is setting on solar power, the money’s gone and nobody’s asking any questions.

Pointman's

Update : Since this article is yet again getting a lot of hits and it’s five years old, I’ve been asked by several people on Twitter what are my thoughts on the subject nowadays. In response, I’ll be writing a follow up article for this coming weekend.

If you keep an eye on the financial world, which I do, and especially the green sectors, which I also do, it’s been an interesting time of late. Within the last few weeks, Solar Trust of America (STA), owner of the world’s largest solar plant, filed for bankruptcy protection under Chapter 11, and nobody expects much of it, if anything, to emerge from it. STA joins a long list of companies in the solar energy sector, who’ve gone bankrupt, ducked into protection from their creditors, suspended production indefinitely or are simply circling the plughole.

Across the world, a few of the more prominent and expensive casualties are Solyndra…

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