Obama Government Solar Panel

Solyndra the solar panel manufacturer who took more than 500 million from president obama s stimulus then went bust sticking taxpayers for the loss lied to federal officials to secure the loan.

Obama government solar panel.

Obama referred to solyndra s loan at an oct. President barack obama has put public lands at the center of his administration s climate plan telling the interior department to approve 20 000 megawatts of solar wind and geothermal energy. Department of energy doe u s. Obama but none you have backed have succeeded.

Some companies will fail some companies will succeed pres. President obama exaggerated when defending his administration s approval of a 535 million loan guarantee to solyndra a now defunct solar company. Solyndra a california based manufacturer of rooftop solar panels opened in 2005 and in 2009 became the obama administration s first recipient of an energy loan guarantee to the tune of 535 million meant to help minimize the risk to venture capital firms that were backing the solar start up. Solar powering america is an interagency initiative between the u s.

Obama sharply disagrees and used the world s largest solar power plant of its kind with one million solar panels dotting the desert here to assert it is his critics who are out of touch with reality. Department of housing and urban development hud and the environmental protection agency epa to support greater solar deployment. President obama touted abound in a july 3 2010 announcement of a 2 billion investment in green energy projects. Bush and his republican controlled congress began the green energy loan subsidies program the energy policy act of 2005 that ultimately provided.

Abound solar received a 400 million federal loan guarantee but its product was defective producing only a fraction of its intended wattage with solar panels catching on fire. Many on the left argue that president george w. Most on the right claim president obama pushed his green agenda with a blatant disregard for the california solar company s lack of financial health. Key events in solyndra.

The obama administration gave solyndra a 535 million loan guarantee to manufacture solar panels but the company had to file for bankruptcy in 2011.