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12:00 PM, Oct 12, 2011 • By MARK HEMINGWAYWill it turn out worse than Solyndra?:
As failed solar panel manufacturer Solyndra rides through the investigative ringer in Congress, revelations of another politically-connected company that received what appears to be a less-than-virtuous $1.2 billion loan guarantee are surfacing.
The company, SunPower, received its $1.2 billion loan guarantee in September, immediately before the program’s deadline.
Read more... Oct 10, 2011, Vol. 17, No. 04 • By MATTHEW CONTINETTI
In happier times, the firm had been celebrated as a harbinger of the future. The political connections it enjoyed were the fruit not only of well-placed contributions but of a self-imposed ideological mission: It was going to deliver cheap energy in amazing ways. Top executives had dismissed accounting irregularities. The normal rules, it was said, did not apply.
Read more... 3:37 PM, Sep 28, 2011 • By MICHAEL WARRENThe Wall Street Journal reports today that the Department of Energy has approved loan guarantees for two solar energy projects:
One deal, a $737 million loan guarantee for Solar Reserve LLC, paves the way for construction of the 110-megawatt Crescent Dunes Solar Energy facility, which will use an array of mirrors to focus the sun's heat and power a steam generator.
Read more... 8:38 AM, Sep 27, 2011 • By MARK HEMINGWAYDespite the repeated attempts to wish away the Solyndra scandal, it appears to be getting bigger. Today, the Los Angeles Times informs us key White House personnel raised concerns the Department of Energy loan program that gave Solyndra $535 million was poorly conceived and managed long before the solar panel manufacturer's bankruptcy:
Read more... 3:08 PM, Sep 23, 2011 • By DANIEL HALPERThe Department of Energy's Solar Decathlon kicked off today in Washington on the National Mall, under inauspiciously dark rainy skies.
Read more... 4:54 PM, Sep 20, 2011 • By MARK HEMINGWAYSometimes in politics appearing guilty can have more consequences that actually being guilty (though the two frequently are related). And this latest development in the Solyndra scandal certainly looks bad:
Read more... The more green energy advocates either ignore or defend what happened with Solyndra, the worse they look. 3:35 PM, Sep 19, 2011 • By MARK HEMINGWAYOver at Reason, Tim Cavanaugh observes that the few defenses being mounted for loaning failed solar company Solyndra $535 million in stimulus funds are really, really wanting.
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