NewEnergyNews More: QUESTIONS ABOUT QUESTIONS ABOUT SOLYNDRA

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  • Wednesday, October 5, 2011

    QUESTIONS ABOUT QUESTIONS ABOUT SOLYNDRA

    Newly Released White House Emails Detail Early Concerns Over Solyndra
    4 October 2011 (Solar Industry

    "As early as 2009, officials from the Obama administration expressed worry regarding the financial viability of now-bankrupt module manufacturer Solyndra, according to newly released internal emails.

    "The messages were compiled as part of an ongoing congressional investigation into the U.S. Department of Energy's (DOE) loan-guarantee program and, specifically, Solyndra's 2009 loan guarantee."


    click to enlarge

    "…[S]ome official… warned against having President Obama visit Solyndra's factory in 2010 - pointing out that the trip may be ‘embarrassing in the not-too-distant future’ …[and] Brad Jones of Redpoint Ventures, a Solyndra investor, also reportedly questioned in a 2009 email why the company was receiving what seemed to be a disproportionately large loan guarantee…

    "The DOE maintains that the sentiments expressed in the emails represent normal discussion of investment risk and do not reveal any favoritism by the Obama administration toward Solyndra…"

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