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Sunday, February 26, 2012

Solyndra Abandons Efforts To Go Clean and Green

Federal officials hailed Solyndra LLC’s plan to create clean energy when they awarded the company more than a half-billion dollars in loans, but the solar-panel maker’s abrupt closure now threatens to leave behind an environmental mess.

The company plans on paying hundreds of thousands of dollars to clean up its own property in Fremont, Calif., but a separate leased property in nearby Milpitas sits vacant with barrels of unknown chemicals and lead-contaminated equipment, attorneys for the landlord, iStarCTL I L.P., said in recent bankruptcy court filings.

The full extent of the potential environmental problem at the leased Solyndra facility remains unclear. Officials at iStar say in court papers that they were not given the keys to the premises until this month, though Solyndra stopped making its lease payments in September when it filed for bankruptcy protection in Delaware

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