Energy Department Approves Two New Solar Power Loans
3:37 PM, Sep 28, 2011 • By MICHAEL WARREN
The Wall Street Journal reports today that the Department of Energy has approved loan guarantees for two solar energy projects:
The large loans come at a time of enhanced scrutiny toward the loan guarantee program after California solar energy manufacturing company Solyndra, which received a $535 million federal loan, filed for bankruptcy. The Solyndra factory, Bloomberg reports, built with federal dollars had "robots that whistled Disney tunes, spa-like showers with liquid-crystal displays of the water temperature, and glass-walled conference rooms."
Be sure to read Steven F. Hayward's story on Solyndra in this week's WEEKLY STANDARD.