Thursday, September 29, 2011

"The new building is like the Taj Mahal": Some nauseating details on just one of many insane ways that the Obama/Chu braintrust blew your money in an attempt to prevent CO2-induced bad weather

Solyndra’s $733 Million Plant Had Whistling Robots, Spa Showers - Bloomberg
It wasn’t just any factory. When it was completed at an estimated cost of $733 million, including proceeds from a $535 million U.S. loan guarantee, it covered 300,000 square feet, the equivalent of five football fields. It had robots that whistled Disney tunes, spa-like showers with liquid-crystal displays of the water temperature, and glass-walled conference rooms.

“The new building is like the Taj Mahal,” John Pierce, 54, a San Jose resident who worked as a facilities manager at Solyndra, said in an interview.
Amid the still-unfolding postmortems, the factory stands as emblematic of money misspent and the Field of Dreams ethos that seemed to drive the venture, said Ramesh Misra, a solar-industry analyst in Los Angeles for Brigantine Advisors.
He is skeptical of the company’s statement, in a press release on the groundbreaking for the plant, that it had a backlog of $2 billion in orders for its cylindrical solar modules for commercial rooftops, which it touted as cheaper to install and more efficient than competing flat panels. “Backlog” is a term sometimes used loosely in the industry and may not represent firm orders at all, he said.
U.S. Energy Secretary Steven Chu and then-California Governor Arnold Schwarzenegger attended the 2009 groundbreaking for the plant.
...The project employed more than 3,000 union construction workers, according to a Solyndra background sheet.
The plant features 19 loading docks, four electric car charging stations in the parking lot and landscaping of wild grass and a rock garden.
Commercial real-estate agents in the region wondered why a new factory was being built in the Silicon Valley region, the epicenter of some of the priciest real estate in the country, where most new construction consists of office space.
About 11.4 percent, or 950,801 square feet, of industrial space was vacant in Fremont in September 2009, according to data from Colliers.
Obama admin approves 2 solar loans worth $1B
The loans were approved under the same program that paid for a $528 million loan to Solyndra Inc

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