When Solyndra, a California based solar panel manufacturer, announced this week that it will file for bankruptcy, conservative media outlets immediately cheered the loss as evidence that solar power doesn't work. That couldn't be further from the truth.
In fact, solar energy was the fastest growing industry in the United States last year. And as Climate Progress reported, "America is a net exporter of solar products ... to the tune of $1.8 billion."...
The Institute of Electrical and Electronic Engineers announced in June that solar panels, which have great potential for increases in efficiency, could become most cost-effective electricity source within a decade, even challenging fossil fuels. The International Energy Agency also recently said solar generators, including both solar photovoltaic and solar-thermal plants, may produce most of the world's electricity within 50 years.
Despite all this, conservative media claim solar power isn't worth pursuing.
Last night on Fox Business, Chris Horner of the Competitive Enterprise Institute claimed that the solar companies "are not responding to demand - they are providing something that doesn't work."
Fox's Neil Cavuto hosted Steve Milloy twice this week to blast the solar industry. Milloy said that "the solar industry is leading the country ... right down the toilet."