The Department of Energy's loan guarantee program has already had two significant failures in the solar industry, the best known being Solyndra. Now a third company, San Jose's SoloPower, seems to be following in Solyndra's footsteps and threatening to leave taxpayers on the hook for millions more.
Last August, as Solyndra was going bankrupt, the Department of Energy issued a loan guarantee in the amount of $197 million to help SoloPower manufacture their thin-film solar power product. Like Solyndra, Solo Power has a nice-looking product. Its panels are thin and flexible and don't require heavy brackets to mount on a roof. And like Solyndra, the company's plans to expand were welcomed by politicians excited about the promise of hundreds of new jobs.
SoloPower: Another Solyndra in Waiting?: CLICK FOR MORE..
.jpg)
Posts
No comments:
Post a Comment