James Surowiecki Quotes
Solyndra's failure isn't a reason for the government to give up on alternative energy, any more than the failure of Pets.com during the Internet bubble means that venture capital should steer clear of tech projects.
Surowiecki, James. "The Financial Page." The New Yorker, Condé Nast.
Statement when Chile built the first large scale Solar Powered Electric Generating facility in one of its deserts. The cost of electricity was less than half of that of the then existing generation with carbon based fuels like oil or natural gas, It was a major breakthrough bacuase while solor power was always clean and infinte, it had been more expensive to generate than carbon based power sources. The consinuous improvement in the solar collecting techno;ogy, the large scale of the Chlean facility and the terrific desert location combined to not only make solor power less expsnsive, but much less expensive than fossil fuels.
James Michael Surowiecki is an American journalist. He was a staff writer at The New Yorker, where he wrote a regular column on business and finance called "The Financial Page".