Alternative Energy DIY. GmbH - Home. Earth For Energy - Green Earth For Energy. Darrell Issa, GOP House Chair, Says U.S. Solar Panel Industry Could Fail. WASHINGTON — A Republican House chairman blasted the solar industry Thursday, calling loans to solar panel manufacturers, such as ill-fated Solyndra Inc., a poor bet and predicting the solar panel industry itself could collapse in the United States.
An industry group immediately disputed the remark by Rep. Darrell Issa, R-Calif., citing a report showing that solar panel installations were up nearly 70 percent in the second quarter of 2011, compared with the same period last year. Issa, the chairman of the House Oversight and Government Reform Committee, said the $528 million loan to the now-bankrupt California solar energy company is just one example of the Obama administration's failed attempt to create green jobs. Citing competition from China and other problems, Issa told reporters after the hearing: "It is reasonable to predict that we could have the collapse of the entire solar panel manufacturing business in America.