01 Oct '11, 11am

Solyndra witch hunt halts world’s largest residential solar project

Solyndra witch hunt halts world’s largest residential solar project

SOLYNDRRAAAAAA! Cross-posted from Climate Progress . The GOP has apparently succeeded in its goal of throwing the baby out with the bathwater. The push to do something -- anything -- to make government investments in clean energy look bad after the Solyndra bankruptcy is hindering the development of some major job-creating solar projects. The most recent victim is SolarCity, a solar-services provider that was set to develop the largest residential solar project in the world. The company was offered a conditional commitment on Sept. 2 for a $275 million loan guarantee to finance, install, and maintain solar systems on 160,000 military rooftops around the country -- effectively doubling the number of residential systems online in the U.S. today. The project would bring "more than $1 billion of private investment into economically hard-hit military communities," according to ...

Full article: http://www.grist.org/solar-power/2011-10-01-gops-solyndra...

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