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Clinton to Solar Companies: "You Just Can't Be Deterred"

Jennifer Runyon, Managing Editor, RenewableEnergyWorld.com
September 12, 2012  |  38 Comments

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This afternoon at Solar Power International 2012, Former President Bill Clinton offered words of encouragement and admiration for solar companies in America and around the globe.

Addressing the crowd whom he acknowledged are “people who represent what I believe in,” the former president said that “creative cooperation” is the only way for industry to make big accomplishments at home and abroad. “There is not a single successful example on earth of a country that is succeeding who doesn’t have shared cooperation,” he said.

According to the Solar Electric Power Association’s Julia Hamm, who introduced Clinton, he had always wanted to speak at Solar Power International but his schedule and the show schedule were simply never aligned. This year, however, to the delight of show organizers SEPA and SEIA, he showed up in Orlando at precisely 4pm on Wednesday to address a packed auditorium.

In his speech, Mr. Clinton acknowledged that he was “preaching to the saved” but emphasized the dire need for the solar industry to set the record straight regarding the economic and environmental benefits that solar power and other renewables are already providing to various parts of the globe.  He said that most Americans don’t know that Germany has netted 300,000 jobs in solar energy even accounting for the draw that the feed-in tariff has had on its economy.  He said that most Americans don’t know how much public-private cooperation is already happening.

Clinton also said that most people don’t really know what happened to Solyndra, explaining that in his view, it was simply a failed start-up that couldn’t get to scale before it ran out of money.  “I think a mistake was made by not having the industry as a whole offer a credible explanation [for Solyndra],” he later told Rhone Resch during a question and answer session.  “People will accept the fact that DOE made a mistake,” he said.  He also pointed out that most Americans don’t know that $22 are given in subsidies for fossil and nuclear energy for every one dollar given to renewables.

“These are things people need to know,” he said.

Speaking for more than an hour, Clinton touched on some of key projects he has spearheaded through the Clinton Global Initiative such as using solar power in Haiti to power schools and hospitals.  He said that he had learned on a recent trip to Costa Rica, that the country is already mostly powered by clean energy (hydropower) and has plans to tap geothermal and solar energy in the near future.  Clean energy is not just a race between China and U.S., he said, but rather it’s about people who are thinking about the future.

“You represent the future,” he told the audience, stating that in his view people working in the solar industry are lucky that they get to get up every day, look in the mirror and say ‘I’m going to make something good happen today.’

The solar industry is in the "future business" according to the former president, reminding the audience that the industry must do everything it can with what it already has in front of it. “It is a great mistake to worry about what will happen next year,” he said.  “Good and bad things happen over a long period of time and just when you least expect it, you reach a tipping point,” he said.

“You are going to win this battle, the question is when and where and how,” he said. 

Lead image: Former President Bill Clinton via Shutterstock

38 Comments

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Hans Berg
Hans Berg
September 16, 2012
The simple story on Solyndra:

(1) They offered-up an extremely unique design concept: cylinders perched above flat roofs. Custom everything surely brought heavy expense.
(2) They bet big on a material (CIGS) that lost it's competitive pricing advantage.

The failure of #2 to make up for #1 meant doom. Bad bet. Sorry, Mr. Start-up, you lose. Game over.

The method was radically different. That is the real story. This also fundamentally precludes Solyndra from any rational discourse pertaining to the future of solar power. Only science historians should care much. We didn't stop watching movies when VHS went away or Blockbuster went under. Solyndra is irrelevant to the purpose, importance, and future of the product.

But of course it actually is not that at all right now. Instead the name echoes within the sewage pit of political theater. A word of vomit spewed by those whose sole purpose is to distract and maintain the status quo.

We dither. I think that also is a bad bet.
Anatoly Arov
Anatoly Arov
September 15, 2012
#41 reply
Thanks Nick, America is presently different, device tested and it works.
Anatoly Arov
Anatoly Arov
September 15, 2012
Reply to comments #34 #35 #37
There need in discussion about IP, I view two types of IP: first is a new idea which is obvious to copy, second is an idea along with know-how which is difficult to copy. Difference is huge, in first case inventor need to spend fortune to protect it, for second inventor discloses the method case not supported by device/full disclosure. Failure for UN to come out with IIP (International itel. property filing) is hurting innovation more than anything else. It is putting Inventor in disadvantage and favours multinational Corporations with strong finance capabilities.
Answering on curiosity. In deep water potential energy utilization there are two sides: I manage by my IP to create pressure difference in device between let say 50m depth = 5bar and create device rotor rotary motion directly with speed 3600 rpm producing 5-10MW per 1 cubic meter of device internal space, scale factor to size in cube and to depth linear. If I show device nobody needs me - period.
You should understand my frusration, I've spent a lot of time and money for testing and left with no money to defend myself, this is a situation created by PCT solution.
Carl Fern
Carl Fern
September 15, 2012
To answer Anonymous:

Here we go again stop your verbal diarrhea!!
and answer the question
I like to see who you are How many panels?
your 'moral values"
Gordon Gunn
Gordon Gunn
September 15, 2012
'...The executives at Solyndra were to blame. It comes down to individuals. These individuals weren't a good investment. The same characteristics that make a strong entrepreneur; self-confidence, drive, ego, intelligence, and persistence can be their undoing.' Pardon my cynicism, but I do not believe that those executives were 'undone'. I am willing to bet that it's only their business that was undone and the executives themselves are doing very well. That's where a good portion of that half billion went, and it's at the root of the problem. In the face of massive financial reward, human beings cannot be trusted to do the right thing.
John Carr
John Carr
September 15, 2012
Anonymous, it's so easy to oversimplify. The business plan, proforma, cash flow analysis, etc. was reviewed by a chain of auditors. It's one thing to have a good plan, technology, marketing, and manufacturing. It's another to show discipline, and restraint in executing the plan. The executives at Solyndra were to blame. It comes down to individuals. These individuals weren't a good investment. The same characteristics that make a strong entrepreneur; self-confidence, drive, ego, intelligence, and persistence can be their undoing. The government loaned the money on the merits of the plan. It was, and still is a good plan. However, what the tax payer ended up with was undisciplined spending, ego, and greed.

The love of money is the root of all evil. But there's the rub isn't it? You invest in people who's goal is to make money. Then we expect them to behave in an altruist way?

This is why taxes should be high on the rich. It encourages them to keep their investments in the company that generates the revenue, and not haul off the cash at the expense of everyone else. It's not "redistribution of wealth." It's keeping the money where it belongs. It belongs to the people who earned it.
Sam Salamay
Sam Salamay
September 15, 2012
Nick, I agree with Arov about the "not even curious" comment. There are so many ideas, concepts and potential clean energy solutions out there that it is almost impossible to vet on an individual basis. For instance, I work with www.lpphysics.com which is close to feasibility using Aneutronic fusion, thus allowing hot fusion to produce a nuclear reaction and direct electricity without radioactivity. They have the hand-to-mouth funding as almost all other start-ups, even though this company has been around for years. There seems to be little to no vision of VC's or our government unless connections are in place, similar to Solyndra. In the case of lpphysics, the DOE decided years ago to support only one fusion technology, the tokamak, which is still mired in development. I believe that WHEN LPP proves their concept, which should be within the next few months, we can be seeing distributed clean electricity at about 10 times less than coal, the current cost-effective fossil within 5 years.
ANONYMOUS
September 15, 2012
Getting back to the topic of Mr. Clinton's off-hand remark during his SPI address dismissing the significance of Solyndra's financial collapse, he was wrong to do this. Mr. Clinton is a very gifted and inspiring speaker. As such, he is better positioned than almost anyone else to be well received when giving a stern lecture to the RE industry about the importance of applying sound business financial practices.

Mr. Clinton, of all people, should grasp this notion. He was president during the dot.com stock market bubble, when the valuation of public corporation stocks shot out of control. During that time federal revenues soared due to massive capital gains taxes being paid from the profits on dot.com stock sales. And that jump in federal tax revenues made Mr. Clinton look like a financial genius. But as history shows, those glory days were short lived and were followed by a nasty financial downturn.

There is one indisputable fact, without the federal government backing the $500M in loans to Solyndra this financial disaster would not have occurred. In fact, it's quite possible that Solyndra would still be operating as a business concern, albeit a much smaller one, if they did not succeed in getting that $500M loan. They probably would not have attempted to expand so far beyond their financial/cash flow means before their product/production process was truly ready.

On one hand, Mr. Clinton is correct. Companies working at improving commercial solar power technologies should not be deterred from continuing to do so because of Solyndra's failure. But on the other hand, Mr. Clinton should not be so dismissive of the $500M cost to federal taxpayers from Solyndra. It wasn't just a "start-up that couldn't get up to scale before it ran out of money". Anyone with even a basic understanding of business finance would have seen that Solyndra's cash flow situation was not sustainable, so the loan guarantees should not have been approved.
William Fitch
William Fitch
September 14, 2012
Hi: #31, Amen...

.....Bill
Tim Gulden
Tim Gulden
September 14, 2012
Taxpayer pain...which is more painful...$500 Million for solar or $10,000 Million for the Gulf of Mexico oil spill? Why are you complaining about a solar catastrophic event valued at $500 Million when oil trumped it by over 20 times in one oil spill alone and we continue to subsidize oil? Gulf of Mexico oil spill - cost more than $60 Billion, $10 Billion of which is being paid for by tax payers. I want my money to go to a much smarter/safer energy source...why do we continue to subsidize future oil failures waiting to happen? I think sam-salamay-7842 hit the nail on the head...'The elite is in charge and will never relinquish to science, entrepreunership or innovation'. This is their black gold and they are not giving up without a fight. It's a pity that our country is dying a slow death from a cancer called 'Greed'. I am not going to wait around for handouts as I have already installed an array to cover 120% of my electricity allowing me to meet 100% of my home's consumption and drive a car 10,000 miles oil free. I also heat my 4,000 sq' home with 100% carbon neutral and renewable biomass allowing my lifestyle to be 100% renewable energy powered. It's a great feeling knowing I am in control of my energy future and no longer an oil addict. If your complaining about having to use oil then it's time to take back your future and kick the oil habit.
Will Wilkin
Will Wilkin
September 14, 2012
Anonymous I am shocked at your complete ignorance of history and current events. I recommend you start with a few books: The Betrayal of American Prosperity by Clyde Prestowitz, Free Trade Doesn't Work by Ian Fletcher, Make it in America by Andrew Liveris, for starters. The first 2 sketch out our first 160 years as a mercantilist economy growing by leaps and bounds under protectionist tariff regimes and extensive govt investment in infrastructure, R&D, and factory and technology development. Mr Liveris, Chairman and CEO of Dow Chemical, though disagreeing with the first 2 about FTAs, gives a present-day plea for America waking up to the fact that all the prosperous economies buying out our technologies and factories and jobs and future are employing strategic national economic policies of myriad active govt encouragement of domestic industry. The anti-govt ideology you espouse is the main reason our country is paralyzed bleeding not just jobs but the industrial ecosystem of skills knowledge facilities and centers of innovation. Present trends projected ahead are catastrophic for our country. look at how not just China but Germany Singapore Taiwan and any other country where mfg is thriving and standards of living are rising and you will see the Austrian school libertarian market ideology is not governing.
Richard Viers
Richard Viers
September 14, 2012
first, I would like to address Scott.Sorry I did not clarify my knowledge of Solyndra, and you are correct about the vote. I find
it ludicrous that either of the parties throws blame around for the
whole thing. They both approved it, and they both approved the bail outs of wall street, and the automobile manufacturers. Hoorah, we all got taken to the cleaners again, just like in 1929 when the big
boys got together and created the crash. Money is control, no matter how you spin it. What we need is for more of us smaller operators to collaborate and create projects together so the industry we believe in can become more powerful in the lobbying sector also.
Number two, to Arov. Deep sea pressure is definately viable, and I don't think you presented your case well enough. Have you tried contacting BP or one of the other big oil companies with your IDEA. If you have the engineering data to support how it can be done with current technology they should jump at the opportunity. Drilling in deep sea wells is a natural venue for something of that nature... I would love to hear more about it myself.
Richard Viers
Alternative Energy Products Group
Carl Fern
Carl Fern
September 14, 2012
My..... anonymous:
How many times (years) I have to ask you?
How many panels?
By the way, we generated 300 + Thousand jobs and counting
Anatoly Arov
Anatoly Arov
September 14, 2012
Dear USA people,
Your department of energy did not even respond on my proposal about new source of energy from deep water pressure (50 m depth and over) to energy utilization device which I invented. It will immediatelly finish all this discussion while producing Giga watts compare with Mega watts currently produced by any RE source (solar, wind or kinetic water). Also big prospect for energy storage.
Not even a curiosity!!!!
ANONYMOUS
September 14, 2012
The solar industry is being killed by the Federal Government. This tariff is going to reduce solar sales in the United States by a high percentage.

It seems that nothing good ever comes out of the Federal Government.

How depressing.
John Carr
John Carr
September 14, 2012
Thank you Scott. No one else talks about the actual approval process for Solyndra. It is easier to sacrifice a single person than to address the problem. Point in fact: It was a failed start-up. Clinton was right. There are many reasons why it failed. Both Scott and Clinton are right, the solar industry is worth it. If you're taking the time to read this, you probably agree that growing the solar industry is worth doing. Expect for Cliff...I think he lives in a coal mine. How ya doin' Cliff?
Scott Sklar
Scott Sklar
September 14, 2012
I have seen lots of mis-statements about Solyndra, and I am stunned that people in this industry are not better informed. Solyndra's technical review was approved by the Bush Administration. The financial review for the final loan guarantee was finalized during the Obama Administration. The White House did not approve this loan - sort of ridiculous. The job was a shared review by the Treasury Department, Office of Management and Budget (OMB), and the US Department of Energy (in the lead). The pressure to issue loan guarantees were really driven by the US Congress (Democrats and Republicans alike) who were furious that DOE through-rate for the program was at zero. I agree with the comments that both the company and technology were premature investments for such a large loan guarantee - I would not have approved it. But that is Sunday quarterbacking. The nuclear industry has $34 billion worth of loan guarantees, we'll see how they do. I strongly support SEIA and SEPA getting former Presidents from either party addressing the industry - we're worth it and deserve that respect and attention. Scott Sklar, President, The Stella Group, Ltd, and Adjunct Professor at both GWU and AU.
Will Wilkin
Will Wilkin
September 14, 2012
Hello Anonymous, Both Bush 1 AND Clinton signed NAFTA:

http://en.wikipedia.org/wiki/North_American_Free_Trade_Agreement

EXCERPT:

...the House of Representatives approved NAFTA on November 17, 1993, 234-200. The agreement's supporters included 132 Republicans and 102 Democrats. NAFTA passed the Senate 61-38. Senate supporters were 34 Republicans and 27 Democrats. Clinton signed it into law on December 8, 1993; it went into effect on January 1, 1994. Clinton while signing the NAFTA bill stated that "NAFTA means jobs. American jobs, and good-paying American jobs. If I didn't believe that, I wouldn't support this agreement."

END EXCERPT
Will Wilkin
Will Wilkin
September 14, 2012
Hello Sam and Richard, Regarding the politics of the USA, it is a very bleak landscape with the Repubs literally insane, sadistic, and in denial of history while the Dems are the 'reasonable' hypocritical corrupt sell-outs to the same Wall Street as the Repubs. Both parties are toxic to the nation, should admit they have smashed the economy by 'free trade' exporting of our mfg & R&D, jobs, GDP, tax base, and wealth-creation opportunities for the 21st century. 1/3 of our mfg exported in just the first 10 years of the century, and the bleeding continues while BOTH parties are twin supporters of MORE FTAs! No amount of public sector cuts will bring back our mfg, the cuts will just take away any security that was left as the industrial ecosystem collapses and our country becomes impoverished. Both parties should apologize to the nation, withdraw their candidates and permanently disband. Its time for a MADE IN USA TRADE POLICY.
Richard Viers
Richard Viers
September 14, 2012
We know that environmental responsibility is not the issue with Mitt, fiscal gain is the only motivator he understands. It may be a benefit to the US economy to hire Mitt, but it will not be the boom that he claims. I believe that we are headed for even more self serving plans for boosting his income and those of his friends and allies.
Sam Salamay
Sam Salamay
September 14, 2012
http://mobile.nytimes.com/2012/09/14/us/politics/fossil-fuel-industry-opens-wallet-to-defeat-obama.xml
NY Times today. Whatever happened to environmental responsibility?
Sam Salamay
Sam Salamay
September 14, 2012
22 to 1 in subsidies, China, Solyndra favoritism. We were once a nation of opportunity for all. Well folks, that is not the case and it will never be because the COG industries control our power and influence the ONLY 2 political parties in charge. We have become a 2 headed dictatorship monster. Just look at the PAC money. Just look at the subsidies to fossils and nuclear. The elite is in charge and will never relinquish to science, entrepreunership or innovation until WE vote for a one-sided political party and demand what we deserve. My choice is clear.
V. Bruce Stenswick
V. Bruce Stenswick
September 13, 2012
The real problem is that none of our "leaders" are willing to come out and tell us that we have to get off of fossil fuels completely.
Richard Viers
Richard Viers
September 13, 2012
To Guillermo: From one of your distant famiglia::: I hope that all of you fare better in the future, we hurt for you. If Italia had not joined the Euro, maybe they would have been better off. I know Greece would have.
Richard Viers (Viere)
Alternative Energy Products Group.
Gordon Gunn
Gordon Gunn
September 13, 2012
"Well, we DO know that against his OWN ADVISORS, Obama agreed to giving them a LOAN of roughly 500 MILLION dollars and SUBORDINATING this debt to previous, private lenders." All your CAPITAL LETTERS notwithstanding, no one person, not even President Obama, can singlehandedly fork over half a billion dollars to anyone.
Carl Fern
Carl Fern
September 13, 2012
My ugly..... anonymous:

for last 2 years I asked you many times . How many panels?
only talk!
No guts no glory
GUILLERMO FERRARI
GUILLERMO FERRARI
September 13, 2012
Let me say that from the other point of the ocean we will certainly need more than the optimism of Jennifer and Mr. Clinton to keep alive in future. Hope some of the positiveness of the US market situation arrives to Italy (in y2012 the country will have installed less than one fifth power respect to last year...)
Rgds.
ANONYMOUS
September 13, 2012
To my fellow anonymous commentator (#1 above): I have two words for you and they are not 'Happy Birthday.'
Richard Viers
Richard Viers
September 13, 2012
Though many of you may be more knowledgeable than I when it comes to renewable energy, most of you who are posting at this time are not old enough to remember the " opening Shot". 1970 President Nixon made the first trip to China in the new era. He went with the purpose of establishing treaties and trade relations with them and
discussions about their involvement with supplying North Viet Nam. I was just out of the Army at the time, after duty in South East Asia. We have been dancing with Chinese partners in many ways since then. Lyndon Johnson was not as sure of his negotiating skills to pull it off, or we might avoided the WAR in Nam completely. The Chinese, are very hard working and industry has come to them. I personally have done business with them. Many of you have also whether directly or indirectly. Solyndra was a debacle, they miss managed the money plain and simple. I went to one of the auctions, and the redundancy that they purchased with puzzles me. For every employee, there must have been 5 or 10 laptop computers? Material handling there must've been tough also, they had so many lift trucks that they could've kept 5 shifts running. I could go on, but you all know what I am talking about. Rampant spending. Most of us struggle to keep a couple of employees supplied with our own money, and have little idea what it would be like to have half a billion to work with. As for Bill, Cultivate that tie with him, and use his network to boost your own, don't forget who his wife is either. I personally get
Trade commission updates, state department update, and any other government publications I can for research and development. I am
a registered vendor with every municipal or state or federal agency I can be. Most of the rfp's they send me I can't fulfill, but the ones I can, I will.
Richard Viers Alternative Energy Products Group.
Carl Fern
Carl Fern
September 13, 2012
To answer Anonymous:

Please stop your verbal diarrhea!!
Where you present at the SPI? I was!!
One more time, How many panels or renewable energy
do you have in your home?
Glad the US has a brilliant American like Mr.Clinton
you are the exception the 'ugly...
ANONYMOUS
September 13, 2012
Note that George H.W. Bush signed NAFTA. It came into effect when Congress ratified it while Clinton was in office. Accuracy is important.
Will Wilkin
Will Wilkin
September 13, 2012
Clinton's NAFTA was the opening shot of allowing Wall Street and the greedy CEOs to export our manufacturing and other high value-added jobs, decimating the US middle class, exporting our jobs, opportunities, hope, our GDP and tax base and literally the future of our country, with the bloated incomes of the 1% as the only free trade gain. Thanks Bill Clinton and the rest of the Republican and Democratic politicians for selling out our country....your solar speeches won't fix the mess you made on behalf of your rich friends.
jg williams
jg williams
September 13, 2012
In the UK, domestic solar PV is now under $9,000 for 4kW generating 4,000 kWh per year for 30 years for a total of 120,000 kWh which works out at 7.5 cents/kWh without any subsidy.

My domestic retail tariff is 28 cents/kWh from taxed income. When grossed up as a 20% basic taxpayer this would cost me 35 cents/kWh which is what I save from each kWh that I can substitute with my own 'home brewed' solar PV electricity. This is a net saving to me of 27.5 cents/kWh. It is no wonder that the UK Government has been surprised at the rapid take up of domestic solar PV and this is in a country with less solar energy than southern Canada.

All those clever McKinsey and other studies into the Levelized Cost of Energy are not comparing like with like. Home brewed electricity cuts out all the value added profits made by the powerstation, the grid, the local power company, the meter readers, admin and billing etc. Though wonder solar won't be deterred. Way to go!

Gage Williams, CEO West Country Renewables Ltd from Cornwall, UK
Teck Kee Shih
Teck Kee Shih
September 13, 2012
I feel what Clinton is doing does more good than harm and the fact that he bothers to go to these functions and give a talk speaks volumes for his efforts to promote clean energy. It is unfair to imply that he main motivation for giving such talks is his fees.

Solyndra is not going to be the last government funded company going bust in the US. After all only 90% of all start-ups make it past the first 3 years. It only goes to show that the technical expertise in betting on the right company is not readily available and they should employ the right people who are more well equipped to appraise new start ups. A lot of factor come into play and not many have the right attributes to be right all the time.
Bob Plugh
Bob Plugh
September 13, 2012
Ok, it won't let me submit my edits... What I really meant to say at the beginning was:

Clinton said, 'most people don't really know what happened to Solyndra'...

Well, we DO know that against his OWN ADVISORS, Obama agreed to giving them a LOAN of roughly 500 MILLION dollars and SUBORDINATING this debt to previous, private lenders. Anyone that has ever dealt with investment like this KNOWS that NEW DEBT is never subordinated to OLD DEBT. In other words, the 'last in' is normally the 'first out' - or first to recoup their money in the event of a bankruptcy. But, in THIS case, the "public's" money would only have been repaid after the OLDER loans and by that time, of course, there simply was no money left.
Bob Plugh
Bob Plugh
September 13, 2012
Clinton said, "most people don't really know what happened to Solyndra"...

Well, we DO know that against his OWN ADVISORS, Obama agreed to giving them a LOAN of roughly 500 MILLION dollars and SUBORDINATING this debt to previous, private lenders. Anyone that has ever dealt with investment like this KNOWS that NEW DEBT is never subordinated to OLD DEBT. In other words, the "last in" is normally the "first out" - or first to recoup their money in the event of a bankruptcy, which is EXACTLY what happened here.

The most likely scenario is that OBAMA KNEW that Solyndra was on it's deathbed but HIS SUPPORTERS has invested big, possibly at his bequest, so he BAILED THEM OUT - with YOUR MONEY AND MINE.

The DETAILS of this REALLY NEED TO BE LOOKED INTO by people OUTSIDE of the federal government who have NOTHING TO HIDE, because from ALL ANGLES this stinks to HIGH HEAVEN.

A dealing like this would NEVER BE DONE in the private sector with a TRULY arms-length transaction - NEVER!
HIMADRI BANERJI
HIMADRI BANERJI
September 13, 2012
I appreciate the foresightedness of such great leaders like Bill Clinton in visualizing a scenario when Solar Energy will be freely accepted as the norm for generating electricity than an exception as it stands today.His critical evaluation of the Solyndra debacle is also very correct, sine the decision to burn cash is entirely the management's and if they have done so without assessing the project risks and without defining a proper risk mitigation strategy,though in hindsight, one would tend to lay the blame squarely on the hapless management.
History is replete with many such instances where projects had to be abandoned when the odds were stacked against them..and one only learns from such mistakes.
ANONYMOUS
September 13, 2012
I wish these ex-presidents would simply quietly retire to private life, rather than using their name recognition to charge huge speaking fees to preach about how others should live their lives or run their businesses.

I had to laugh at his comment about Solyndra: "Clinton also said that most people don't really know what happened to Solyndra, explaining that in his view, it was simply a failed start-up that couldn't get to scale before it ran out of money." Simply a failed star-up? This type of comment would only make sense to a government bureaucrat who thinks that money comes from printing presses. Just who does he think will bear the multi-million dollar expense of making good on Solyndra's debt?

It would have been nice to hear a speaker of Mr. Clinton's stature give the industry some much-needed tough love regarding business economics. Something like, "You're doing a good job advancing technology, but don't make the same mistake Solyndra did by spending huge amounts of borrowed money on an overly optimistic business plan to bring a product to market that was not quite ready." Instead, Mr. Clinton's comments seemed to imply that Solyndra's massive financial collapse was just due to a bit of bad timing.

These industry conventions would do themselves a favor by bringing in speakers that tell them the truths they really need to hear about the state of their industry, rather than speakers like Mr. Clinton that tell them what they want to hear.

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Jennifer Runyon

Jennifer Runyon

Jennifer Runyon is managing editor of RenewableEnergyWorld.com coordinating, writing and/or editing columns, features, news stories and blogs for the publications. She also serves as conference chair of Solar Power-Gen Conference and Exhibition...
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