I believe this is Solar Plant #3 to fail...at least two got Government funding....
President Obama made a high-profile visit in May 2010 to Solyndra Inc., a solar-panel manufacturing plant in Fremont, Calif. The company received $535 million in loans from the Energy Department and was a centerpiece of the Obama administration’s economic stimulus effort. “Companies like Solyndra are leading the way toward a brighter and more prosperous future,” Mr. Obama chirped. On Wednesday, Solyndra closed its corporate headquarters, announced that it’s filing for bankruptcy and laying off 1,100 workers.
Wednesday, August 31, 2011
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