Solar panel manufacturer Solyndra is the latest US company to collapse after a huge fall in prices and stiff competition from China.
Even after the Obama administration lent $535m to the company in 2010 to help it avoid bankruptcy, Solyndra was unable to keep its head above water amid plummeting prices of solar panels. Investors in the company include Sir Richard Branson, investment group Madrone Partners, Rob Walton of Walmart and Masdar – Abu Dhabi’s state-backed clean…
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