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Solyndra Suing China’s SunTringli for $1.5 Billion Antitrust Violation

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posted on Oct, 15 2012 @ 08:17 PM
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In a 52-page complaint on behalf of its client, Solyndra, law firm Winston & Strawn is seeking to demonstrate violations of the Sherman antitrust laws in a $1.5 billion lawsuit.


Source link.

This just proves my allegation (if it's found to be true) months ago that China intentionally lowered prices at below market levels forcing American solar companies to go out of business.




posted on Oct, 15 2012 @ 08:34 PM
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I say a deeper agenda was in play.

I think the Administration knew the Chinese would lower prices.

I think the plan all along was to fill the pockets of Obama cronies.

It never had anything to do with the precious green energy.

If it did, the Administration would simply have bought solar panel technology from China in the first place and gave U.S. businesses a hefty tax relief credit to assemble the final products.

I thought the goal was to reduce oil & gas use for electricity generators ?

I guess the real goal was money.

Now let's figure out how much electricity generated from oil & gas will be wasted by all the lawyers fighting in court





edit on Oct-15-2012 by xuenchen because: (no reason given)



posted on Oct, 15 2012 @ 08:39 PM
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"They HAD to know" !!


Ten years ago, solar panels were made mostly in the United States, Germany, and Japan. Chinese manufacturers made almost none. But by 2006, the Chinese company Suntech Power had the capacity to make over a million silicon-based solar panels a year and was already the world's third-largest producer.....

The Chinese Solar Machine


Since 2006 ..... the Chinese company was the 3rd largest in the world !!!!!

Obama & Co. had to know this




posted on Oct, 15 2012 @ 08:58 PM
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And, it looks like those cheap Chinese panels are creating U.S. jobs ....

Perhaps more than with the expensive panels ?


The solar-power business is expanding quickly in the U.S., helping lift the cloud that has surrounded the industry since the demise of Solyndra LLC a year ago.

But the growth isn't coming from U.S. solar-panel manufacturing, despite the money and rhetoric devoted to the industry by the Obama administration. Instead, it is in installations of largely foreign-made panels, whose falling price has made solar more competitive with other forms of power.

"There should be little emphasis put on where the panels are made," said Lyndon Rive, chief executive of SolarCity Corp., which finances and installs rooftop solar systems. "Most of the jobs are in delivery and they're long-term, permanent jobs."..................

Fueled by Cheap Chinese Panels, U.S. Solar Use Soars
 



BUT !!....




What will the new tariffs do to domestic prices ?

WASHINGTON (Reuters) - The United States on Wednesday set steep final duties on billions of dollars of solar energy products from China, but turned down a request from lawmakers and U.S. manufacturers to expand the scope of its order.

Chinese solar manufacturers criticized the decision, adding more heat to the U.S.-China trade relationship following a congressional panel report on Monday urging American companies not to do business with two Chinese telecommunications companies because of security concerns.....

U.S. sets steep final duties on Chinese solar panels


At least we see some actual results from using a foreign made product !!



posted on Oct, 15 2012 @ 09:21 PM
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reply to post by xuenchen
 


So it sounds to me like you're in favor of Chinese manufacturing doing better than American manufacturing so long as the money used to buy the foreign made materials doesn't come from the government?

Yet, in your initial post you suggested the US government purchase the panels directly from China to supply US solar manufacturers...however, that's Communism, we are not a communist nation and we don't have a communist president.

We gave Solyndra $500 million to, not only create jobs, but to compete in the American market against Chinese solar panel manufacturers who...according to congress, received billions in Chinese government subsidies and, according to allegations from Solyndra, intentionally undersold their product so that American companies couldn't compete.

Interestingly enough, this is a similar tactic to what Wal-Mart does when it opens in a new market, intentionally selling at a loss (because they can afford to) to drive out the smaller business' than rising prices when a sufficient number of competitors are gone.



posted on Oct, 15 2012 @ 09:26 PM
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reply to post by links234
 


Then why didn't Obama & Co. take steps to ensure success Before they decided to give money away ?

The main point was supposed to be green energy.

The cheaper panels apparently created more sales and therefore created more long term work.



posted on Oct, 15 2012 @ 09:37 PM
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here's an example of how they play the due facce game.....


Harry Reid’s state of Nevada has received stimulus money for two green energy plants which filed for bankruptcy after receiving federal loan guarantees under the stimulus program.


At the time these loans were awarded to these two companies it was well known the companies were in financial trouble and were expected to fold yet the money was awarded anyway in what appears to be an obvious instance of crony socialism designed to reward Democrat Senate Majority Leader Harry Reid for his efforts to promote Barack Obama’s green energy initiative.


But wait, there’s more as can be seen here:

ENN is a Chinese based solar panel plant which is looking to build a $5 billion plant in, you guessed it, Nevada. Clark County officials approved the purchase of land in Nevada for the sum of $4.5 million even though the land was valued at almost $40 million.

Harry Reid then pressured NV Energy, the largest power company in Nevada, to become ENN’s first customer. Did he do this to ensure the company would be able to build in his state, or is there some other reason Harry Reid took such a vested interest in the company?.....

Harry Reid’s son involved in a Chinese solar panel company that received a sweetheart land deal in Nevada, while Harry Reid pressured NV Energy to become a customer



posted on Oct, 15 2012 @ 09:48 PM
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reply to post by xuenchen
 


It's impossible to 'ensure' success. Otherwise there would be no failed companies or markets. While the Chinese market had been growing rapidly since the mid-decade it would have been extremely difficult, if not impossible to realize the corruption and conspiring that was occuring to undermine their competitors.

Just as recently as four days ago you've got the Department of Commerce putting tariffs on Chinese imports of solar panels because of their investigation into this very matter put forth by the Solyndra suit. Just a month ago the EU opened an investigation due to the complaint that

Chinese companies sold solar panel modules and products well below production costs, with dumping margins between 60 and 80 percent.


I'm sure it gives you a warm fuzzy to hate on the green energy market and the Obama administration for spending money to try and create jobs in this country, but more and more it's appearing that China has been intentionally cheating us and the rest of the world.



posted on Oct, 15 2012 @ 10:28 PM
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The only thing the government is doing is slowing the sales of solar panels/systems.
The price is only going to go up as there is no way US made solar panels will ever be able to compete.

Nothing the government does will really bother china as they have the rest of the world to sell to.
There is more demand for solar panels then there is supply and this has been keeping prices up.



posted on Oct, 15 2012 @ 10:46 PM
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reply to post by xuenchen
 


That would be because Bush earmarked the money for Solyndra, not Obama.
Sheesh.



posted on Oct, 15 2012 @ 11:14 PM
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Originally posted by xuenchen
I say a deeper agenda was in play.

I think the Administration knew the Chinese would lower prices.

I think the plan all along was to fill the pockets of Obama cronies.


Sort of like what Bush did when he let the banks lend Trillions they didn't have... They got bailouts
on top of it all, I bet you were angry about that



edit on 15-10-2012 by campanionator because: (no reason given)

edit on 15-10-2012 by campanionator because: (no reason given)



posted on Oct, 16 2012 @ 12:35 AM
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Originally posted by Kali74
reply to post by xuenchen
 


That would be because Bush earmarked the money for Solyndra, not Obama.
Sheesh.


There's some questions about that.

www.abovetopsecret.com...

www.abovetopsecret.com...

ABC News Investigations of the Year: The Solyndra Scandal



posted on Oct, 16 2012 @ 12:48 AM
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Originally posted by xuenchen
reply to post by links234
 


Then why didn't Obama & Co. take steps to ensure success Before they decided to give money away ?

The main point was supposed to be green energy.

The cheaper panels apparently created more sales and therefore created more long term work.



Because really the most he can do is file a complaint in the WTO. It isn't something that the President or Congress really have a great deal of choice on. Remember back when the steel industry was in trouble? Bush raised the tariffs on Chinese steel, a good thing but he did it knowing that he would have to drop the tariff once the WTO had to rule against us and level penalties. The whole thing lasted about a year and a half.

The issue with solar manufacturing here, which isn't the greatest idea. China subsidizes the industry and also controls most of the rare earth materials used to make them. Which exponentially increases the cost to manufacture here. China should never have been allowed in the WTO and we shouldn't be trading with them on human rights principles alone.

President Obama has filed more complaints with the WTO against China than either Clinton or Bush. And you can bet he has filed more than a President Romney ever would. This countries economic mess will not get repaired and we will no longer be a Superpower if we do not address our membership in the WTO and our bad trade policy. Everything else is just a band aid over a bullet hole.



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