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Browsing the "Solyndra" Tag

Yikes! Darrell Issa Doesn’t Know Difference between Tax Credits & Loan Guarantees

January 26th, 2012 | by Stephen Lacey

What’s the only thing worse than turning a Congressional investigation into a months-long political circus? The leaders of that investigation not having a firm grasp of the policies they’re supposed to be examining. California Republican Darrell Issa chairs the House Committee on Oversight and Government Reform, one of the top bodies responsible for looking into the loan guarantee to the now-bankrupt solar manufacturer Solyndra. So you’d think that Mr. Issa would, after almost four months of investigation, be able to distinguish the extraordinary differences between a tax credit and a loan guarantee


$6 Million More Spent on Bogus Solyndra Ads

January 19th, 2012 | by Stephen Lacey

The Koch-funded political advocacy organization Americans for Prosperity is unleashing another multi-million campaign to play up the Solyndra bankruptcy in key election states. After the release of 180,000 pages of documents and months of a heavily-politicized Congressional investigation that included testimony from Energy Secretary Steven Chu, there is still no evidence that the loan guarantee issued to the now-bankrupt solar company Solyndra was a political favor, or that any official in the Administration did anything illegal.


The Real Reason the Obama Administration Backed Solyndra

October 22nd, 2011 | by Susan Kraemer

The Obama administration had set a goal, for the public good, of cutting solar costs to $1 a watt installed by 2016. The reason that the Obama Department of Energy invested a half million in backing some of the private VC loans (which totaled $1 billion) to Solyndra was that the company had a way to bring down the cost of solar. The unique solar panel they made was key to this effort. Note that the Solyndra roof (pictured) is quite different from the typical solar roof. That difference is key. Solyndra wasn't just another solar panel manufacturer, making just another thing that could be more cheaply made in China



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