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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.


Top 10 Clean Tech Stories of 2011

December 30th, 2011 | by Zachary Shahan

  OK, I’m doing my top 10 list now. Following up on AWEA’s top 10 wind energy stories and SEIA’s [&hellip


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


Obama DOE Picked More Energy Winners Than Silicon Valley VCs

October 21st, 2011 | by Susan Kraemer

With just 1.4% of its Recovery Act clean tech investments in "losers", it looks like the Obama administration is batting a much better average in "picking winners and losers" than the private Venture Capital (VC) market itself. The US government guarantee of a private loan to Solyndra, at $535 million, represented a minuscule 1.4% of the Department of Energy investment in all renewable technologies. By contrast - VCs (who were out $1 billion to Solyndra, for example) expect much higher failure rates. Richard Stuebi, who advises VCs on expected green energy failure rates, says that just 3 in 10 successes represents a successful VC investment strategy. That is 70% losers - not 1.4%


Who Controls the Media? Solyndra vs Tar Sands Corruption Coverage

October 8th, 2011 | by Zachary Shahan

Media Matters does a wonderful job of tracking what the media is talking about (or not). It recently showed the whoppingly warped media coverage of Solyndra compared to government corruption related to the Minerals Management Service (MMS) and a shocking military contracting waste and fraud report. Here are a few of their graphs on these topics


Another “Solyndra” Project Sacrificed in Republican Attack on FEMA

September 26th, 2011 | by Susan Kraemer

The latest casualty of the Republican-held House, in its witch hunt against renewable energy, is a huge distributed solar project that would have doubled the number of solar rooftop installs in the US, while cutting electricity costs to practically nothing for hard-pressed military families, many of whom return home to lives of long term disability and resulting hardship. In partnership with military housing developers, SolarCity was to have installed as many as 160,000 solar roofs on military family housing, supplying cheaper and cleaner electricity from their own roofs. Its SolarStrong military program


Why Would Obama Highlight Solyndra?

September 23rd, 2011 | by Zachary Shahan

Solyndra is the big cleantech story of the day again today for those outside (and some of those inside) the cleantech arena. We've been covering the story quite a bit lately, so if you want to read more from us on the matter, check out these solyndra stories. There's one thing, though, that I've mentioned but haven't dedicated a post to, so think I will quickly now


New Kind of 40% Efficient Solar Farm Gets $90 Million DOE Loan Guarantee to Cogentrix

September 21st, 2011 | by Susan Kraemer

The largest High Concentration Photovoltaic (HCPV) project in the world is being funded by the DOE with a $90 million loan guarantee for the Cogentrix Alamosa Solar Generating Project. The first 20 years of the electricity it will generate has already been bought under a PPA (power purchase agreement) by the Public Service Company of Colorado. More than 80 percent of its components will be sourced from the United States. HCPV is new form of utility-scale solar that has barely been developed, but it has great potential because it has almost twice the efficiency of regular solar PV. Cogentrix HCPV is rated at 40% efficient. By comparison, most coal plants are typically rated at 30% efficiency. The $90 million in funding represents the tail end of almost $40 billion in loan guarantees, loans, or conditional guarantees by the US Department of Energy (DOE) powered by the Obama administration stimulus Recovery Act. One famously went bad, $0.5 billion to Solyndra. But the more than 40 DOE loan guarantees have


Solyndra Facts & Lies

September 20th, 2011 | by Guest Contributor

This is a full repost of a Media Matters article too good to pass up, especially since we continue to get inane comments here on CleanTechnica about it and I can only imagine how many people have been confused by the disinformers


Clearing Up How Loan Guarantees (like Solyndra’s) Work? (VIDEO)

September 20th, 2011 | by Stephen Lacey

The Solyndra investigation has brought loan guarantees out of the obscure world of political wonkery and into the living rooms of Americans around the country. The problem is, many in the media are completely misrepresenting how the instrument works and who supports it. So we’ve put together a video primer on how loan guarantees work, posted below



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