The bankruptcy of Silicon Valley solar power company Solyndra was the most dire in a string of concerning signs for the American solar power industry. The bankruptcies of three solar power industries, including Solyndra which had received significant support from the federal government and raised over $1 billion from investors, have put the fate of the US solar power industry in serious doubt. This had led many industry analysts to point to the steady rise of the Chinese solar power industry as a sign of where future investments are likely to head. Analysts suggest that the Chinese industry's continued rise and eventual market dominance depends largely on the availability of significant governmental support, providing access to free or heavily subsidized land and tax breaks among other forms of assistance.

The US solar power industry is not, however, out of the race quite yet.  As evidenced by recent news of the awarding of new federal loans to two US solar power companies.

Source: NY Times article

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Further analysis at​
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NY Times report on new federal funding

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