15 Sep '11, 8pm

FLASHBACK: "Solyndra CEO: 'The actions of Obama were instrumental in concluding this loan guarantee'."

The guaranteed loan, expected to provide debt financing for approximately 73% of the project costs, will allow Solyndra to initiate construction of a second solar panel fabrication facility (Fab 2) in California. On completion, Fab 2 is expected to have an annual manufacturing capacity of 500 megawatts per year. Solyndra and DOE will finalize the transaction upon completion of definitive documentation and satisfaction of certain conditions precedent. Over the life of the project, Solyndra estimates that Fab 2 will produce solar panels sufficient to generate up to 15 gigawatts of clean, renewable electricity–enough to avoid 300 million metric tons of carbon dioxide emissions. Further, Solyndra estimates that the construction of this complex will employ approximately 3,000 people, the operation of the facility will create over 1,000 jobs, and hundreds of additional jobs will...

Full article: http://www.solyndra.com/2009/03/us-department/

Tweets

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Interesting. They've been trying to pin this on Obama. Bush admin pushed Solyndra loan guarantee for 2 years

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A. In 2007, Solyndra applied for assistance from a Department of Energy program that promotes renewable power. In 2009, th...

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