Solyndra's Ethical Debacle

Solyndra Inc., was a designer and manufacturer of photovoltaic (PV) system which is commonly known as solar panels. The components included series of horizontal cylindrical panels designed for the commercial markets. These tubes like cylinders were intended for rooftop. The design facilitates the movement of the sun where more sunlight would penetrate the underside of the tubes a—360 degree photovoltaic surface, compared to the standard flat solar panel developed over the years. With the use of the pioneering cylindrical copper indium gallium diselenide (CIGS modules) as well as the thin-film innovation, the ground-breaking light weight systems were intended to supply the commercial market with an inexpensive installation cost on a per watt basis (Solyndra.com). The company boosts a $700 million dollars, 300,000 square foot, fully automated manufacturing plant headquartered in Fremont, California under the control of its founder Dr. Christian Gronet. The doors were opened in 2005 and by 2007 Dr. Christian Gronet introduced and launched the new concept of photovoltaic optimization (Solyndra.com). Many saw this as the way of the future a way of out of the current energy crisis, and as a result analyst and investors flocked to the company and were anxious to be part of such state of the art innovation. Investors delighted by the promise of the ground breaking cylindrical design poured their confidence into the company to the sum of one billion dollars. And by 2009 not only did Solyndra have the “largest single installation of 529” kilowatts in the United States; its revenue reached a whopping $100 million dollars (Solyndra.com). With the United States constantly pressed for new innovation in energy, they saw Solyndra also, as the doorway to renewable energy as a result pumped $535 million dollars into the company’s subsidiaries, Solyndra Fab 2 LLC. Confident in the decision President Obama (2011) declared that “If we are going to be able to compete in the...