Where’s the Xunlight? <br>A Real-Life Parable <br>For the Obama Years
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
The recent Chapter 7 bankruptcy and liquidation filing of the Toledo, Ohio-based solar-panel manufacturer Xunlight Corp. has attracted barely any national attention. Maybe it’s gotten to the point — after Solyndra, Evergreen, Abound, and Satcon — that the failure of another government-backed alternative energy company is a dog-bites man story. It’d be newsworthy if any of them actually ever succeeded.
But it’s worth pausing for an autopsy and retrospective on Xunlight, because it’s a great (or terrible, depending on how you look at it) example of how government at all levels — state and federal — and in both parties — Republican and Democrat —wastes taxpayer money by subsidizing politically connected businesses.
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