China Flooded U.S. Silicon, Photovoltaic Market Before Collapse of Solyndra and Other Solar Companies
investigativeeconomics.substack.com
The story of Solyndra has been repeated often. A California startup with an innovative technology for solar power received a $535 million loan guarantee from the Department of Energy only to collapse soon afterwards and default on the loan. The company and those government officials who made the decision to provide the loan were heavily scrutinized, with accusations that the loan was made for the benefit of Obama campaign donors at the expense of taxpayers and that the financial underpinnings of the loan were not sound.
China Flooded U.S. Silicon, Photovoltaic Market Before Collapse of Solyndra and Other Solar Companies
China Flooded U.S. Silicon, Photovoltaic…
China Flooded U.S. Silicon, Photovoltaic Market Before Collapse of Solyndra and Other Solar Companies
The story of Solyndra has been repeated often. A California startup with an innovative technology for solar power received a $535 million loan guarantee from the Department of Energy only to collapse soon afterwards and default on the loan. The company and those government officials who made the decision to provide the loan were heavily scrutinized, with accusations that the loan was made for the benefit of Obama campaign donors at the expense of taxpayers and that the financial underpinnings of the loan were not sound.