Solyndra
Solyndra was a startup solar-power equipment manufacturer based in Fremont, California that went bankrupt at the end of August. The company's solar collectors used a special tubular internal design that let it collect light from all directions, and were made with a copper-indium-gallium-diselenide (CIGS) thin film that avoided using then-expensive silicon. It was one of several companies that received assistance from the government, in an attempt to push back on China's strategic targeting of green-energy manufacturing.
The company, partly backed by the conservative Walton family had received a loan guarantee from the Department of Energy. The loan, which was originally pushed by the Bush administration, was 1.3% of the DOE portfolio.
5 comments:
Solyndra knew as they were building their new facility that it could not compete with the Chinese solar panels, so why did they take the taxpayers' money and where did it all go
was that article posted on obama's attackwatch website? what a load of hooey.
...and originally rejected by the Bush Admin, whose auditors stated the company would run out of money by Sept. 2011!
Liberalism unmasked!
They will be blaming President Bush for Obamacare in 2014.
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