Today we learn that the FBI has raided their offices: «Federal agents executed a search warrant at the Northern California headquarters of solar
panel manufacturer Solyndra Inc., which filed for bankruptcy protection this week despite receiving $ 535 million in federal stimulus loan guarantees.
In particular, the 2011 failure of the solar -
panel manufacturer Solyndra became a lightning rod for critics of the Obama administration.
Not exact matches
At the same time, the bloom came off of clean - tech, generally, with the notorious bankruptcy of
Solyndra, a
manufacturer of solar energy modules, and a broader shakeout of solar
panel producers caused by plummeting prices and competition from China.
In response both to Fisker's situation and, perhaps, a well - publicized blunder with
Solyndra (a solar
panel manufacturer that went bankrupt despite massive DoE loans), the government slashed its financial stake from a $ 529 million loan to just $ 192 million.
And it faced scrutiny for its first loan guarantee, $ 535 million for
Solyndra, a solar
panel manufacturer in California, to build a state - of - the - art robotics plant.
«
Solyndra Files for Bankruptcy, Looks for Buyer --» A California solar
panel manufacturer that received more than a half - billion dollars in government loan guarantees filed for Chapter 11 bankruptcy...»» — Business Week, Sep. 6, 2011