Restrainedin the legalstipulation, US'sbanking circlesin order tocompete with otherlocalbankin the worldeffectivelyestablished thestandbyletters of credit.
Young companies that were entering mass production of their technologies inordertocompeteeffectively with larger rivals went bust, including Solyndra and Abound Solar.
The solar industry, which relies heavily on government subsidies for manufacturing and installations, has become more partial to the cheaper multicrystalline wafers inorderto cut costs and compete more effectively with other sources of electricity, from wind to natural gas.