Not exact matches
By contrast, political support in the United States for
solar panel manufacturing wilted after a single
solar equipment
company in California,
Solyndra, collapsed in 2011 after obtaining $ 535 million in
Energy Department loan guarantees.
This is particularly true given the fact that
Solyndra, the bankrupt
solar -
energy company that got even more DOE money, is found just two miles away.
Brad Plumer of the Washington Post has filed a really nice, tight deconstruction of five myths being propagated in the wake of the failure of
Solyndra, a
solar company that received more than $ 500 million in fast - tracked loan guarantees from the Department of
Energy and became a photo opp for President Obama last year.
In fact, the
companies that have received huge subsidies have been «green»
energy scams like
Solyndra, First
Solar and Fisker, who had political connections with the White House and allow billions of taxpayer money to be wasted through crony capitalism.
An
energy company that received a $ 43 million loan guarantee through the same federal program that backed
Solyndra has followed the path of the failed
solar firm and filed for bankruptcy.
The changes occurred in two press releases from the Department of
Energy's loan guarantee program — the same program that has been the center of controversy surrounding the failed
solar company Solyndra.
In the Magnolia State, people are starting to refer to KiOR as the «
Solyndra of the South» — a reference to the
solar power
company that did receive $ 536 in loan guarantees from the Department of
Energy.
In the wake of the high - profile bankruptcy of California
solar company Solyndra, government critics are attacking federal investment in clean
energy innovation, arguing that such decisions should be left to the «free market.»