green energy Archives - the patient investor

September 13, 2012

WSJ: China’s Solyndra Economy – Business Insider

By PATRICK CHOVANEC

On Aug. 3, the owner of Chengxing Solar Company leapt from the sixth floor of his office building in Jinhua, China. Li Fei killed himself after his company was unable to repay a $3 million bank loan it had guaranteed for another Chinese solar company that defaulted. One local financial newspaper called Li’s suicide “a sign of the imminent collapse facing the Chinese photovoltaic industry” due to overcapacity and mounting debts.

President Barack Obama has held up China’s investments in green energy and high-speed rail as examples of the kind of state-led industrial policy that America should be emulating. The real lesson is precisely the opposite. State subsidies have spawned dozens of Chinese Solyndras that are now on the verge of collapse.

via WSJ: China’s Solyndra Economy – Business Insider.

November 27, 2011

Thorium: the dream of green nuclear energy

While the idea of building small, thorium-based nuclear reactors – thought to be dramatically safer, cheaper, cleaner and terror-proof than our current catalog of reactors – can be shooed away as fringe by some, the germ of the idea began in the U.S. government’s major atomic lab, at Oak Ridge, Tennessee, in the 1960s, only to be left by the wayside as the American nuclear industry plowed ahead with its development of the light water reactors and the uranium fuel cycle.