The bankruptcies of three major U.S. solar companies in recent weeks have propelled China into a dominant position in the global market for solar panel production, with the Chinese now commanding nearly three-fifths of the world’s production capacity.
While many U.S., Japanese, and European solar
Today, President Obama visited Solyndra, Inc. in Fremont California – a solar panel manufacturer that is building a new facility (and creating new jobs) thanks to funding from the Recovery Act. So far, construction of the new facility has created over 3,000 construction-related jobs and the new factory could create up to 1,000 long-term new jobs. And this is just one of countless stories that together account for the up to 2.8 million jobs the Recovery Act is responsible for by the CBO’s count.